1984-036 - Laserfiche WebLink

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the County, or by any officer thereof, including but not being limited to, the application and distribution of the Pledged Revenues in the manner provided in this Resolution. E. BOOKS AND RECORDS. The County shall keep books and ® records of the receipt of all Pledged Revenues received by it, including particularly the Pledged Revenues pledged hereunder, which such books and records shall be kept separate and apart from all other books, records and accounts of the County and any A ® Holder of a Bond or Bonds shall have the right at all reasonable times to inspect all records, accounts and data of the County relating thereto. F. ANNUAL AUDIT. The County shall also, at least once a year, within 120 days after the close of the Fiscal Year, cause the books, records and accounts relating to such Pledged Revenues to be properly audited by an independent Certified Public Accoun- tant and shall mail, upon request, and make generally available, the report of such audits to any Holder or Holders of Bonds. A copy of such annual audit shall also be furnished to the original purchasers of the Bonds, if requested. G. NO IMPAIRMENT OF CONTRACT. The County has full power and authority to irrevocably pledge the Race Track Funds hereinabove described to the payment of the principal of and interest on the Bonds. The pledge of such Race Track Funds, in the manner provided herein, shall not be subject to repeal, modi- fication or impairment by any subsequent resolution or other pro- ceedings of the County or by any subsequent act of the Legislature of Florida without and unless the County shall have provided, or t the Legislature shall have made immediately available to the County, such additional or supplemental funds which shall be suf- ficient to retire such Bonds and the interest thereon in accor- dance with their terms. The County shall take all actions and pursue such legal remedies which may be available to it either in law or in equity to prevent or cure any default or impairment as within the meaning of this subsection G. -29-