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updated by the Certifier as of the date of issuance of the Additional Bonds or <br />Junior Bonds. <br />In the event the Additional Bonds are issued to refund currently <br />outstanding Bonds or Additional Bonds, and each payment of principal and <br />interest on the Additional Bonds is equal to or lesser than the amount due on the <br />bonds being refunded, the certificate required by paragraph (c) above shall not be <br />required. <br />SECTION 11. Amendments. Subject to the terms and provisions contained in this <br />section, and not otherwise, the owners of not less than sixty -six and two - thirds percent (66 -2/3 %) <br />in aggregate principal amount of the Bonds then outstanding shall have the right, from time to <br />time, to consent to and approve the adoption by the Council of such ordinance or ordinances <br />supplemental hereto as shall be deemed necessary or desirable by the City for the purpose of <br />amending in any particular any of the terms or provisions contained in this Ordinance, or in any <br />supplemental ordinance; provided, however, that nothing herein contained shall permit or be <br />construed as permitting: <br />(a) An extension of the maturity of the principal of or interest or <br />premium, if any, on any Bond or an advancement of the earliest redemption date <br />on any Bond, without the consent of the holder of each Bond so affected; or <br />(b) a reduction in the principal amount of any Bond or the redemption <br />premium or rate of interest thereon, or a change in the monetary medium in which <br />such amounts are payable, without the consent of the holder of each Bond so <br />affected; or <br />(c) a preference or priority of any Bond over any other Bond, without <br />the consent of the holders of all Bonds then outstanding; or <br />(d) a reduction in the aggregate principal amount of the Bonds <br />required for consent to such supplemental ordinance, without the consent of the <br />holders of all Bonds then outstanding. <br />If the City shall desire to obtain any such consent, it shall cause the <br />Registrar to mail a notice, postage prepaid, to the addresses appearing on the <br />Registration Record. Such notice shall briefly set forth the nature of the proposed <br />supplemental ordinance and shall state that a copy thereof is on file at the office <br />of the Registrar for inspection by all owners of the Bonds. The Registrar shall not, <br />however, be subject to any liability to any owners of the Bonds by reason of its <br />failure to mail such notice, and any such failure shall not affect the validity of <br />such supplemental ordinance when consented to and approved as herein provided. <br />Whenever at any time within one year after the date of the mailing of such <br />notice, the City shall receive any instrument or instruments purporting to be <br />executed by the owners of the Bonds of not less than sixty -six and two- thirds per <br />cent (66 -2/3 %) in aggregate principal amount of the Bonds then outstanding, <br />11 <br />