Purchase of Land and the Construction , off Street Parking Facilities Issuance of revenue Bonds and Distribution of the Revenues

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the City shall not mortgage, pledge or hypothecate the facili- ties or any part thereof, and shall not sell, lease or other- wise dispose of any portion thereof, except such equipment which may become worn out or obsolete and shall be replaced. (h) So long as any of the bonds authorized by this ordi- nance are outstanding, no additional bonds or other obligations pledging any portion of the revenues of Project 1969 parking facilities shall be issued by the City unless the same be made subordinate and junior in all respects to the bonds authorized by this ordinance, unless all of the bonds authorized by this ordinance are redeemed and cancelled coincidentally with the delivery of such additional bonds or other obligations. (i) The provisions of this ordinance shall constitute a contract by and between the City and the holders of the bonds herein authorized, all of the terms of which :shall be enforceable at law or in equity, and after the issuance of said bonds this ordinance shall not be repealed or amended in any way .which will adversely affect the rights and inter- ests of the holders of said bonds; nor shall the Common Coun- cil of the City adopt any law, ordinance or resolution in any way adversely affecting the rights of such holders so long as any of said bonds or the interest thereon remain unpaid. The holders of said bonds shall have all of the rights, remedies and privileges either expressly set forth in the provisions of Chapter 190 of the Acts of the Indiana General Assembly for the year 1955, and the acts supplemental thereto, or implied therein, including the right to compel the collection of suf- ficient rates and charges to provide for the payment of the interest on and principal of the bonds authorized by this or- dinance or the transfer of sufficient revenues derived from - 30 -