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, SECTION 11. ACCOUNTS AND REPORTS <br /> <br /> The Authority shall establish and maintain such funds and accounts as my be required <br />by good accounting practice. The books and records of the Authority shall be open to inspection <br /> <br />at all reasonable times by Livermore and Pleasanton and their representatives. <br /> SECTION 12. CONFLICT OF INTEREST CODE <br /> <br /> The Authority, to the extent required by law, hereby adopts as its Conflict oflnterest <br />Code the Conflict of Interest Code of Pleasanton, with appropriate substitution regarding <br /> <br />references to the governing body and the officers. <br /> SECTION 13. BREACH <br /> <br /> If default shall be made by Livermore or Pleasanton Authority in any covenant contained <br />in this Agreement, such default shall not excuse either Livemore or Pleasanton from fulfilling <br />its obligations under this Agreement and Livermore and Pleasanton shall continue to be liable for <br />the payment of contributions and the performance of all conditions herein contained. Livemore <br />and Pleasanton hereby declare that this Agreement is entered into for the benefit of the Authority <br />created hereby and Livermorn and Pleasanton hereby grant to the Authority the right to enforce <br />by whatever lawful means the Authority deems appropriate all of the obligations of each of the <br />parties hareunder. Each and all of the remedies given to the Authority hereunder or by any law <br />now or hereafter enacted are cumulative and the exercise of one right or remedy shall not impair <br /> <br />the right of the Authority to any or all other remedies. <br /> SECTION 14. SEVER.ABILITY <br /> <br /> Should any part, term, or provision of this Agreement be decided by the courts to be <br />illegal or in conflict with any law of the State of California, or otherivise be rendered <br /> <br />11 <br /> <br /> <br />