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Amended Ordinance and the Act. The provisions of this Amended Ordinance shall <br />also be construed to create a trust in the Net Revenues herein directed to be set apart <br />and paid into the Sinking Fund for the uses and purposes of that Fund as set forth in <br />this Amended Ordinance. The owners of the 2000 Bonds shall have all the rights, <br />remedies and privileges set forth in the Act. <br />SECTION 22. Amendments With Consent ofBondholders. Subject to the terms and <br />provisions contained in this section and Sections 21 and 23, the owners of not less than sixty-six and <br />two-thirds percent (66 2/3%) in aggregate principal amount of the 2000 Bonds and then outstanding <br />shall have the right, from time to time, to consent to and approve the adoption by the Council of such <br />ordinance or ordinances supplemental hereto, as shall be deemed necessary or desirable by the City <br />for the purpose of amending in any particular any of the terms or provisions contained in this <br />Amended Ordinance, or in any supplemental ordinance; provided, however, that if the 2000 Bonds <br />are sold to the State of Indiana or the Indiana Bond Bank to finance Eligible Costs, the City shall <br />obtain the prior written consent of the State of Indiana; provided, further, that nothing herein <br />contained shall permit or be construed as permitting: <br />(a) An extension of the maturity of the principal of or interest or <br />premium, if any, on any 2000 Bond or an advancement of the earliest redemption <br />date on any 2000 Bond, without the consent of the holder of each 2000 Bond so <br />affected; or <br />(b) A reduction in the principal amount of any 2000 Bond or the <br />redemption premium or the rate of interest thereon, or a change in the monetary <br />medium in which such amounts are payable, without the consent of the holder of <br />each 2000 Bond so affected; or <br />(c) The creation of a lien upon or a pledge of the Net Revenues ranking <br />prior to the pledge thereof created by this Amended Ordinance, without the consent <br />of the holders of a112000 Bonds then outstanding; or <br />(d) A preference or priority of any 2000 Bond over any other 2000 Bond, <br />without the consent of the holders of a112000 Bonds then outstanding; or <br />(e) A reduction in the aggregate principal amount of the 2000 Bonds <br />required for consent to such supplemental ordinance, without the consent of the <br />holders of a112000 Bonds then outstanding. <br />If the City shall desire to obtain any such consent, it shall cause the Registrar to mail <br />a notice, postage prepaid, to the addresses appearing on the Registration Record. Such notice shall <br />briefly set forth the nature of the proposed supplemental ordinance and shall state that a copy thereof <br />is on file at the office of the Registrar for inspection by all owners of the 2000 Bonds. The Registrar <br />shall not, however, be subject to any liability to any owners of the 2000 Bonds by reason of its <br />failure to mail such notice, and any such failure shall not affect the validity of such supplemental <br />ordinance when consented to and approved as herein provided. <br />-25- <br />