§ 13. Pledge of revenues authorized.

The district shall have the right and power and is hereby authorized to hypothecate or pledge the rates, fees, rentals or other charges or income derived by it from the users of the services and facilities of its gas system or systems operated by the district wholly or partially within the City of Winter Garden, Florida, pursuant to this franchise, to the payment of the principal of and interest on any revenue bonds or other obligations hereafter issued by the district to finance the cost of construction or acquisition of a gas system or systems with Orange and Lake Counties known as the Lake Apopka Natural Gas District and appropriate reserves therefor. It is the express intention hereof that this franchise is made for the benefit of the city, the district and the holders of any such revenue bonds or other obligations of the district and shall be binding upon and inure to the benefit of, and be enforceable by, the holders of any such revenue bonds or other obligations of the district, the city and the district, and their successors and assigns, is not intended to and shall not confer any rights upon any other person, firm or corporation, public or private.