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date on any 1999 Bond, without the consent of the holder of each 1999 Bond so <br />affected; or <br />(b) A reduction in the principal amount of any 1999 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 1999 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 Ordinance, without the consent of the <br />holders of all 1999 Bonds then outstanding; or <br />(d) A preference or priority of any 1999 Bond over any other 1999 Bond, <br />without the consent of the holders of all 1999 Bonds then outstanding; or <br />(e) A reduction in the aggregate principal amount of the 1999 Bonds <br />required for consent to such supplemental ordinance, without the consent of the <br />holders of all 1999 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 1999 Bonds. The Registrar <br />shall not, however, be subject to any liability to any owners of the 1999 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 />Whenever at any time within one year after the date of the mailing of such notice, the <br />City shall receive any instrument or instruments purporting to be executed by the owners of the 1999 <br />Bonds of not less than sixty-six andtwo-thirds per cent (66-2/3%) in aggregate principal amount of <br />the 1999 Bonds then outstanding, which instrument or instruments shall refer to the proposed <br />supplemental ordinance described in such notice, and shall specifically consent to and approve the <br />adoption thereof in substantially the form of the copy thereof referred to in such notice as on file <br />with the Registrar, thereupon, but not otherwise, the City may adopt such supplemental ordinance <br />in substantially such form, without liability or responsibility to any owners of the 1999 Bonds, <br />whether or not such owners shall have consented thereto. <br />No owner of any 1999 Bond shall have any right to object to the adoption of such <br />supplemental ordinance or to object to any of the terms and provisions contained therein or the <br />operation thereof, or in any manner to question the propriety of the adoption thereof, or to enjoin or <br />restrain the Council from adopting the same, or from taking any action pursuant to the provisions <br />thereof. Upon the adoption of any supplemental ordinance pursuant to the provisions of his section, <br />this Ordinance shall be, and shall be deemed, modified and amended in accordance therewith, and <br />the respective rights, duties and obligations under this Ordinance of the City and all owners of 1999 <br />-25- <br />