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of Utility shall be in accordance with the Uniform System of Acts of <br />the National Association of regulatory Utilities Commissioners and <br />general accepted accounting principles. Within ninety (90) days after <br />close of fiscal year, the Utility shall submit financial statements <br />prepared by a CPA and in accordance with general accepting accounting <br />standards And NARUC. Upon demmkd by the Board the Utility will submit <br />audited financial statements certified by a CPA. Also, a letter frau a <br />CPA certifying that the six percent (6%) franchise fee and the two and <br />one-half percent (2 8) renewal and replacement account has been <br />collected and disbursed in accordance with the terms of this Agreement. <br />12. Section 20 of Resolution No. 74-15 is hereby amended to read <br />as follows: <br />SECTION 20 <br />RIGHTS OF LANDOWNERS <br />Nothing in this franchise shall prevent landowners from exercising <br />their vested rights or privileges as set forth and contained in any <br />license issued to any utility heretofore granted by the Board pursuant <br />to Section 125.42, Florida Statutes. <br />13. Section 21 of Resolution Ab. 74-15 is hereby amended to read <br />as follows: <br />SECTION 21 <br />OONSTRUCPION PERMITS <br />Prior to the Utility placing any of its facilities in any of the <br />public places as herein authorized, the Utility shall make application <br />to and obtain any required permits from the county authorizing said <br />construction in the same manner as permits are authorized in the County <br />for the use of the public roads as shall now or hereafter be established <br />by regulations of the County. The County shall have the right when <br />special circumstances exist to determine the time during which such <br />construction shall be done. <br />DEFAULT OF FRANCHISE <br />If the Utility fails or refuses to promptly faithfully keep, <br />perform and abide by each and all of the terms and conditions of this <br />franchise, then the Board shall give the Utility written notice of such <br />deficiencies or defaults and a reasonable time within which the Utility <br />shall remedy the same, which notice shall specify the deficiency or <br />default. If the Utility fails to remedy such deficiency or default <br />within a reasonable time, the Board may thereafter schedule a hearing <br />concerning the same with reasonable notice thereof to the Utility, and <br />after such hearing at which all interested parties shall be heard, the <br />