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For purposes of this subsection, the records of the City shall be analyzed <br />and all showings prepared by a certified public accountant or independent financial adviser <br />employed by the City for that purpose. <br />(d) Lease rentals on any leases and the principal of and interest on any <br />bonds which constitute Parity Obligations shall be payable semiannually on the fifteenth days of <br />January and July in the years such amounts are payable. <br />Except as otherwise provided in this Section V, so long as the City is obligated to <br />make payments under any Prior Obligations, no Parity Obligations pledging any portion of the <br />CO1T Revenues distributed to the City shall be authorized, executed or issued by the City except <br />such as shall be made subordinate and junior in all respects to the payments made under the Prior <br />Obligations. <br />Section Vl. This Ordinance shall be in full force and effect from and after its <br />passage by the Common Council and approval by the Mayor. <br />Attest: <br />City Clerk <br />Member, South Bend Common douncil <br />f <br />W <br />�4srLrsE��,sc -�r,,� <br />Presented by me to the Mayor of the City of South Bend on the <br />of , 2010, at o'clock p.m. <br />Approved and signed by me on the <br />o'clock m. <br />PUU,L,C F,IAR,iNG <br />3 rd PE h.DiNG <br />NOT Ar'PROY0. <br />REFERRLD <br />PASSED ' <br />BDD1301 6401968v <br />City Clerk <br />day of <br />Mayor, City of South Bend <br />-4- <br />2014, at <br />FIEV V 2010 <br />li <br />CITY -I.i r (i, #'E IS, IN. <br />day <br />