§ 12. Forfeiture.

If the district shall be in default in the performance of any of the material terms and conditions of this ordinance and shall continue in default for more than 120 days after receiving notice from the city of such default, the governing body of the city may, by ordinance duly passed and adopted, terminate all rights granted under this ordinance to the district; provided, however, that as long as any revenue bonds or other obligation of the district issued by it to finance the cost of construction or acquisition of a gas system or systems in Orange and Lake Counties known as the Lake Apopka Natural Gas District, or the interest thereon, remain outstanding and unpaid, no such forfeiture shall be authorized or permitted without the consent of the holders of such revenue bonds or other obligations of the district expressed in writing. The said notice of default shall be in writing and shall specify the provisions of this ordinance in the performance of which it is claimed that the district is in default. Such notice shall be served in the manner provided by the laws of the State of Florida for the service of original notices in civil actions. The reasonableness of any ordinance so passed declaring a forfeiture of the rights and privileges granted by this franchise ordinance shall be subject to review by any court of competent jurisdiction.