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( 1) At the time of the issuance of any future <br /> Parity Bonds there is no deficiency in the Revenue Bond Fund <br /> or any accounts therein. <br /> (2) If there are assessments levied in any <br /> utility local improvement district to pay for additions and <br /> improvements to and extensions of the System which will be <br /> constructed from the proceeds of such future Parity Bonds, <br /> the ordinance authorizing such future Parity Bonds shall <br /> require that such assessments be paid into the Revenue Bond <br /> Fund. <br /> (3) If there are assessments pledged to be paid <br /> into a warrant or bond redemption fund for revenue bonds, <br /> warrants or other revenue obligations being refunded by <br /> future Parity Bonds, the ordinance authorizing the future <br /> Parity Bonds shall require such assessments to be paid into <br /> the Revenue Bond Fund. <br /> (4) The principal of and interest on the future <br /> Parity Bonds shall be payable out of the Revenue Bond Fund <br /> and the Reserve Account requirements in Section 9 hereof <br /> shall be met . <br /> (5) Prior to the delivery of any future Parity <br /> Bonds the City shall have on file in the office of the Clerk <br /> of the City a certificate of an independent professional <br /> engineer or certified public accountant dated not earlier <br /> than ninety (90) days prior to the date of delivery of such <br /> future Parity Bonds and showing that the Net Revenue, <br /> 58 Fwwoo9.00c 92/09/21 <br />