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attorney's fees, shall, be a debt of the City and shall be paid by <br /> the City as incurred and billed by the Trustee. <br /> (i) The City covenants that the holders and registered <br /> owners of the Bonds shall have the protection of the provisions of <br /> Arkansas Code of 1987 §14-235-223 , and the City will diligently <br /> proceed to enforce the lien of unpaid sewer charges against the <br /> premises served by the sewer facilities and to collect the amount <br /> due, together with the penalty and expenses authorized by that or <br /> any successor or like law. And, if the City shall fail to proceed <br /> within thirty (30) days after written request shall have been filed <br /> by the Trustee, the Trustee may and upon the written request of <br /> the holders ad registered owners of not less than ten percent (10%) <br /> in principal amount of the Bonds then outstanding shall, proceed to <br /> enforce the lien in accordance with and pursuant to the <br /> authorization of that or any successor or like law. <br /> Section 21. This Ordinance shall constitute a binding <br /> contract between the City and the holders of the outstanding Bonds, <br /> and the City will at all times strictly adhere to the terms and <br /> provisions hereof and will fully discharge all of its obligations <br /> hereunder. Subject to the terms and provisions set forth below <br /> and not otherwise, the holders of not less than seventy-five <br /> percent (75%) in aggregate principal amount of the Bonds then <br /> outstanding shall have the right, from time to time, to consent to <br /> and approve the adoption by the City of such ordinance <br /> • supplemental to this Ordinance as shall be necessary or desirable <br /> for the purpose of modifying, altering, amending, adding to or <br /> rescinding in any particular, any of the terms or provisions of <br /> this Ordinance or in any supplemental ordinance, except that there <br /> shall not be permitted (a) an extension of the maturity of the <br /> principal of or the interest on any Bond, or (b) a reduction in the <br /> principal amount of any Bond or the rate of interest thereon, or <br /> (c) the creation of a lien upon or a pledge of revenues other than <br /> as expressly authorized by this Ordinance as now adopted, or (d) <br /> the creation of a privilege of priority of any Bond or Bonds over <br /> any other Bond or Bonds, or (e) a reduction in the aggregate <br /> principal amount of the Bonds required for consent to such <br /> supplemental ordinance. <br /> Section 22 . (a) Moneys held for the credit of the Debt <br /> Service Reserve in the Bond Fund shall be invested and reinvested <br /> in (i) direct or fully guaranteed obligations of the United States <br /> of America (including any such securities issued or held in book- <br /> entry form on the books of the Department of the Treasury of the <br /> United States of America) ("Government Securities") or (ii) in time <br /> deposits or certificates of deposit of banks, including the <br /> Trustee, which are insured by the Federal Deposit Insurance <br /> Corporation (the "FDIC") , or, if in excess of insurance coverage, <br /> collateralized by Government Securities, or (iii) obligations <br /> issued by the Government National Mortgage Association or (iv) <br /> money market funds comprised exclusively of investments described <br /> in (i) or (iii) above (collectively, "Permitted Investments' ) all <br /> of which shall mature, or which shall be subject to redemption by <br /> tcUmy\batol.oU -23- <br />