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LIM -19- herein specified and covenated, the segregating of the required amount of the revenues and the applying of the revenues as in this Ordinance provided. Section 17. The Bonds shall be subject to redemption prior to maturity in the manner and in accordance with the terms set out in the Bond Form. Section 18. The City will keep or cause to be kept proper books of accounts and records (separate from all other accounts and records) in which complete and correct entries shall be made of all transactions relating to the System and the operation thereof, and such books shall be available for inspec- tion by the holder of any of the Bonds at reasonable times and under reasonable circumstances. The City agrees to have these records audited by an independent certified public accountant at least once each year, and a copy of the audit shall be made available to the Trustee for inspection by interested bondholders. In the event the City fails or refuses to make the audit, the Trustee, or any holder of the Bonds in the event the Trustee fails to do so, may have the audit made and the cost thereof shall be paid by the City out of available System revenues. Section 19. (a) If there be any default in the payment of the principal of and interest on any of the Bonds, or if the City defaults in any Bond Fund requirement or in the performance of any other covenant contained in this Ordinance, the Trustee may, and upon the written request of the holders of not less than ten percent (10%) in principal amount of the Bonds then outstanding shall, by proper suit compel the performance of the duties of the officials of the City under the Constitution and laws of the State of Arkansas and under this Ordinance. And, in the case of default in the payment of the principal of and interest on any of the Bonds, the Trustee may, and upon the written request of holders of not less than ten percent (10%) in principal amount of the Bonds then outstanding shall, apply in a proper action to a court of competent jurisdiction for the appointment of a receiver to