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If in any subsequently issued series of bonds secured by <br /> a parity lien on the revenues of the Parking System it is provided <br /> that excess revenues shall be used to redeem bonds in advance of <br /> scheduled maturity or if the City at its option undertakes to redeem <br /> outstanding Series A Bonds , Series B Bonds and Series C Bonds in <br /> advance of scheduled maturity as provided in Section 6 hereof, it is <br /> agreed and understood (1) that calls of bonds will be applied to each <br /> series of bonds on an equal prorata basis (reflecting the proportion <br /> of the original amount of each series of bonds outstanding at the time <br /> of such call) and (2) that calls of bonds for each series of bonds <br /> will be in accordance with the call provisions of the respective bond <br /> series . However, the City shall have the right to call, subject to <br /> the call provisions of the respective bond series , any or all outstanding <br /> bonds which may be called at par prior to calling any bonds that are <br /> callable at a premium. <br /> The City shall have the right to incur other obligations and <br /> issue other bonds secured by a lien or a pledge of the revenues from <br /> the Everett Off-Street Parking System and/or the Everett on-street <br /> parking meters provided that such lien or pledge is junior and inferior <br /> in all respects to the lien thereon and pledge thereof for the payment <br /> of the Series A Bonds , Series B Bonds or Series C Bonds or any bonds <br /> on a parity with such bonds . <br /> Section 21. Any moneys remaining in the Construction Account <br /> after all costs of the Project have been paid shall be promptly used <br /> to the extent possible for the redemption of Series C Bonds , and any <br /> such funds in an amount less than $1 ,000 .00 shall be deposited in the <br /> account or accounts established for the payment of the principal and <br /> interest of the Series A Bonds , Series B Bonds and Series C Bonds : <br /> PROVIDED, however, the City shall have the right to withdraw any such <br /> moneys representing additional funds deposited into the Construction <br /> Account pursuant to Section 14 hereof , to finance the total Project <br /> cost, which are found to be unnecessary for such purpose. <br /> -24- <br />