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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 />COIT 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 VI. 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 Qouncil <br />4ap r r <br />Presented by me to the Mayor of the City of South Bend on the day <br />of , 2010, at _ o'clock p.m. <br />City Clerk <br />Approved and signed by me on the day of 2010, at <br />o'clock m. <br />ln. k:twrfi Dit G L L e —�6 <br />PULiTUC HEARING <br />3 rd-7� READHNG <br />NOT <br />WSW. " BDD'SOI 640I968vi <br />Mayor, City of South Bend <br />-4— <br />FHA- d In Cllc; `Ru'e Office <br />( �J/ ,) rJ.n <br />2 <br />Fl�l, V r �� <br />2,"10 <br />CITY U.i: IN. <br />