RES 67055 - Laserfiche WebLink

34 (I) a detailed statement for the preceding fiscal year showing the Revenues, all disbursements from the Revenues and all expenditures ap- plicable to the Enterprise, together with a detailed balance sheet reflecting the financial condition of the Enterprise, including the balances in all funds relating to the Enterprise held by the Director of Finance and the Fiscal Agent as of the beginning of such fiscal year and all deposits in and withdrawals from each such fund during such fiscal year and the balances in all such funds-~ of the end of such fiscai year, which statement and balance sheet shall be accompanied by a certificate or opinion in writing of an independent certified public accountant which shall include a statement as to the manner and extent to which the City has complied with the provisions of this Resolution as it relates to said Revenues, expenditures, funds and balance sheet; (2) a general statement showing the schedule of connection charges and rates charged for each class of water connection, as of the close of such fiscal year, and the gross revenues received during such fiscal year; (3) a general statement of the physical condition of the Enterprise; and (4) a statement as to all insurance carried by the City as of the end of such fiscal year, including a brief description of the amount and coverage of each insurance policy and the name of the insuring company. The City will prepare and cause to be published annually (at the expense of the City as part of the maintenance and operation costs of the Enterprise) not more than 120 days after the close of each fiscal year (commenci..ng with the fiscal year ending June 3~), 1968) a summary statement showing the amount of the Revenues and the disbursements from the Revenues, in reasonable detail, for the preceding fiscal year, and a general statement of the financial and physical condition of the Enterprise. The City will furnish a copy of such. summary statement to any Bondholder upon request, and will furnish to .the Fiscal Agent such reasonable number of copies thereof (not e:~ceeding 100 copies) as may be required by the Fiscal Agent for distribution to investment bankers, security dealers and others interested in the: Bonds and to the holders of Bonds requesting copies thereof. The Fiscal Agent shall not be required to incur any nonreimbursable el~_.~ses in making such distribution. SI~CTIO~ 5.08. Protection of Security and Rights o[ Bondholders. The City will preserve and protect the security of the Bonds and the rights of the Bond- holders, and will warrant and defend their rights against all claims and demands of ail persons. From and after the sale and delivery of any of the Bonds by the City, the Bonds and coupons appertaining thereto shall be incontestable by the City. SECTmN 5.09. Against Competitive Facilities. The City will not acquire, construct, operate or maintain, and will not within the scope of its powers permit