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( 1) Extend the fixed maturity of any Parity Bonds, or <br /> reduce the rate of interest thereon, or extend the time of payment <br /> of interest from their due date, or reduce the amount of the <br /> principal thereof, or reduce any premium payable on the redemption <br /> thereof, without the consent of the holder of each bond so <br /> affected; or <br /> (2 ) Reduce the aforesaid percentage of bondholders <br /> required to approve any such supplemental ordinance, without the <br /> consent of the holders of all of the Parity Bonds then outstand- <br /> ing. <br /> It shall not be necessary for the consent of bondholders <br /> under this subsection (b) to approve the particular form of any <br /> proposed supplemental ordinance, but it shall be sufficient if <br /> such consent shall approve the substance thereof. <br /> (c) Upon the adoption of any supplemental ordinance pursuant <br /> to the provisions of this section, this ordinance shall be deemed <br /> to be modified and amended in accordance therewith, and the <br /> respective rights, duties and obligations of the City under this <br /> ordinance and all holders of Parity Bonds outstanding hereunder <br /> shall thereafter be determined, exercised and enforced thereunder, <br /> subject in all respects to such modification and amendments, and <br /> all terms and conditions of any such supplemental ordinance shall <br /> be deemed to be part of the terms and conditions of this ordinance <br /> for any and all purposes. <br /> (d) Parity Bonds executed and delivered after the execution <br /> of any supplemental ordinance passed pursuant to the provisions of <br /> this section may have a notation as to any matter provided for in <br /> such supplemental ordinance, and if such supplemental ordinance <br /> shall so provide, new bonds so modified as to conform, in the <br /> -32- BD338 81/12/22 <br />