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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 />Member, South Bend Common Council <br />Attest: <br />Cle <br />Presented by me to the Mayor of the City of South Bend on the ~~f day <br />of'~~ , 2010, at~~'~~o'clock p.m. <br />- (~~~, <br />City Cl ~ ~~ <br />Approved and signed by me on the _~~day oaf I.ZP-cc-s-" , 2010, at / / : ~Z <br />o'clock GL. .m. <br />Mayor, City of S th Bend <br />1st READING l I-P-~a ~12'`~ ~~ ~~~;i`!:~~ ~~~{Ce <br />PUBLIC HEARING <<-3J_~~ <br />3rd READING ~~- C~O-l0 I IQU - ~ Lt710 <br />NOT APPROVED <br />REFERRED ~ ~ , ~ ~ <br />PASSED ~' ~~ ~ 3 -4- <br />BDDBOl 6401968v1 J01~1! V04RGE <br />G1TY CLr.s:,C, ~Q. E~.iCD, IN. - <br />