§ 258-35. Miscellaneous bond provisions.

(a)

In addition to the other provisions and requirements of this article any resolution authorizing the issuance of revenue bonds, assessment bonds or other obligations issued hereunder, may contain provisions and the board is authorized to provide and may covenant and agree with the several holders of such bonds as to:

(1)

Reasonable deposits with the county in advance to insure the payment of rates, fees or charges for the facilities of the system.

(2)

The discontinuance of the services and facilities of any water system or sewer system or combined water and sewer system for delinquent payments for either water services or sewer services and the terms and conditions of the restoration of such services.

(3)

Contracts with private or public owners of a water system or sewer system not owned and operated by the county for the discontinuance of service to any users of the sewer system or water system or combined water and sewer system, as the case may be, owned and operated by the county.

(4)

Limitation on the powers of the county to construct, acquire or operate, or permit the construction, acquisition or operation of any plants, structures, facilities or properties which may compete or tend to compete with any water system or sewer system or combined water and sewer system.

(5)

The manner and method of paying service charges and fees and the levying of penalties for delinquent payments.

(6)

Subject to this article, the manner and order of priority of the disposition of revenues or redemption of any bonds or other obligations.

(7)

Terms and conditions for modification or amendment of any provisions or covenants in any such proceedings authorizing the issuance of bonds or other obligations.

(8)

Provisions for any limitations on the appointment of a trustee for bondholders for any water system or sewer system or combined water and sewer system.

(9)

Provisions as to the appointment of a receiver of any sewer system or water system or combined water and sewer system, on default of payment of principal or interest on any such bonds or other obligations or the breach of any covenants or condition of such authorizing proceedings or the provisions and requirements of this article.

(10)

Provisions as to the execution and entering into of trust agreements regarding the holding and disposition of revenues derived from such systems and the proceeds of bonds issued for the cost of acquisition or construction or improvement of a water system or sewer system or combined water and sewer system, or for any other purposes necessary to secure any such bonds.

(11)

Provisions as to the maintenance of any such system or systems and reasonable insurance thereof.

(12)

Any other matters necessary to secure such bonds and the payment of the principal and interest thereof.

(b)

All such provisions of the bond proceedings and all such covenants and agreements in addition to the other provisions and requirements of this act shall constitute valid and legally-binding contracts between the county and the several holders of any such bonds and shall be enforceable by any such holder or holders by mandamus or other appropriate action, suit or proceeding in law or in equity in any court of competent jurisdiction.

(Laws of Fla. ch. 67-1145, § 9)