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on -22- the Trustee and to the holders of the Bonds, respectively, may be exercised from time to time and as often as may be deemed expedient. (f) The Trustee may, and upon the written request of the holders of not less than ten percent (10%) in principal amount of the Bonds then outstanding shall, waive any default which shall have been remedied before the entry of final judg- ment or decree in any suit, action or proceeding instituted under the provisions of this Ordinance or before the comple- tion of the enforcement of any other remedy, but no such waiver shall extend to or affect any other existing or any subsequent default or defaults or impair any rights or remedies consequent thereon. Section 20. (a) So long as any of these Bonds are outstanding the City will not issue or attempt to issue any Bonds purporting to be secured by a pledge of System revenues superior to the pledge of revenues in favor of these Bonds. (b) So long as any of these Bonds are outstanding the City will not issue or attempt to issue any bonds purport- ing to be secured by a pledge of revenues ranking on a parity with the pledge in favor of these Bonds. (c) Nothing herein shall be construed to prohibit or condition the issuance of Bonds secured by a pledge of System revenues subordinate to the pledge of revenues in favor of ,these Bonds. Section 21. (a) Moneys held for the credit of any fund, created by this Ordinance, including the Bond Fund - Interest Reserve Account, may, at the option of the City, be invested and reinvested pursuant to the direction of the City in direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United States of America, or in certificates of deposit of banks that are members of the Federal Deposit Insurance Corporation.