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<br /> ~;Bond, plus interest thereon to the due date thereof (whether
<br /> ~ such due date be by reason of maturity, upon redemption, or
<br /> °otherwise) either (i) shall have been made or caused to be ~
<br /> made in accordance with the terms thereof (including the
<br /> giving of any required notice of redemption), or (ii) shall ~
<br /> ~shave been provided by irrevocably depositing with or making ~
<br /> available to a Paying Agent therefor, in trust and irrevoc- $
<br /> ably set aside exclusively for such payment, (1) money
<br /> sufficient to make such payment or (2) Government Obliga- ~
<br /> tions which mature as to principal and interest in such ~
<br /> amounts and at such times as will insure the availability, !
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<br /> without reinvestment, of sufficient money to make such
<br /> ~ payment, and all necessary and proper fees, compensation, ~
<br /> ~3!and expenses of such Paying Agent pertaining to the Bonds ~
<br /> and Additional Parity Revenue Bonds with respect to which ~
<br /> such deposit is made shall have been paid or the payment ~
<br /> thereof provided for to the satisfaction of such paying '
<br /> agent. At such time as a Bond or Additional Parity Revenue ~
<br /> Bond shall be deemed to be paid hereunder, as aforesaid, it '
<br /> j shall no longer be secured by or entitled to the benefits of ~
<br /> this Ordinance or a lien on and pledge of the Pledged j
<br /> ' Revenues, and shall be entitled to payment solely from such ~
<br /> money or Government Obligations.
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<br /> s' (b) That any moneys so deposited with a paying agent
<br /> j=may at the direction of the City also be invested in Govern-
<br /> ment Obligations, maturing in the amounts and times as
<br /> I hereinbefore set forth, and all income from all Government
<br /> Obligations in the hands of the PaYing agent pursuant to
<br /> this Section which is not required for the payment of the j
<br /> Bonds and Additional Parity Revenue Bonds, the redemption ~
<br /> ~ipremium, if any, and interest thereon, with respect to which ~
<br /> such money has been so deposited, shall be turned over to ;
<br /> the City or deposited as directed by the City. '
<br /> e ; Section 23. ADDITIONAL PARITY REVENUE BONDS. (a) ~
<br /> ?That the City shall have the right and power at any time and ~
<br /> from time to time, and in one or more Series or issues, to ~
<br /> authorize, issue, and deliver additional parity revenue ~
<br /> ~"bonds (herein called "Additional Parity Revenue Bonds"), in i
<br /> ~ accordance with law, in any amounts, for any lawful purpose, s
<br /> including the refunding of any Bonds, Additional Bonds, ~
<br /> ~ Prior Lien Additional Bonds, or other obligations. Such ~
<br /> Additional Parity Revenue Bonds, if and when authorized, a
<br /> issued, and delivered in accordance with this Ordinance, may ~
<br /> ;Ibe either (1) bonds payable from and secured by an irrevoc- ~
<br /> able first lien on and pledge of the Pledged Revenues ~
<br /> ("Prior Lien Additional Bonds"), or (2) bonds payable from ~
<br /> ~ and secured by an irrevocable lien on and pledge of the ~
<br /> Pledged Revenues subject and subordinate only to any Prior ~
<br /> Lien Additional Bonds then outstanding or thereafter issued #
<br /> ("Additional Bonds") with such Additional Bonds to be on a ~
<br /> ~ parity in all respects with the Bonds, all as hereinafter ~
<br /> i provided. ~
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<br /> j= (b) Prior Lien Additional Bonds, if and when authoriz- ~
<br /> ed, issued, and delivered in accordance with this Ordinance, ~
<br /> 1shall be payable from the Prior Lien Additional Bonds
<br /> Account in the Interest and Sinking Fund, and shall be ~
<br /> !i payable from and secured by an irrevocable first lien on and ~
<br /> pledge of the Pledged Revenues, equally and ratably on a ~
<br /> parity with all other Prior Lien Additional Bonds. Also, ~
<br /> all Prior Lien Additional Bonds shall be additionally ;
<br /> secured equally and ratably by the Prior Lien Reserve Fund, h
<br /> as provided in Sections 11 and 17 hereof. '
<br /> y (c) Additional Bonds, if and when authorized, issued, ~
<br /> ~i and delivered in accordance with this Ordinance, shall be ~
<br /> ~ payable from the Bonds and Additional Bonds Account in the
<br /> E Interest and Sinking Fund and shall be payable from and ~
<br /> secured by an irrevocable lien on and pledge of the Pledged ~
<br /> Revenues, subject and subordinate only to any Prior Lien ~
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