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`tow *Awe Page 18 Section 12. That the City hereby agrees that all payments on the bonds, principal and interest, shall be paid only through the designated Paying Agent. All bonds paid or purchased either at or before maturity shall be canceled when such payment or purchase is made, together with all un - matured coupons appertaining thereto, and held by the Manager -Engineer of the Sewer System and shall not be reissued. All unpaid interest coupons ma- turing on or prior to the date of such payment or purchase shall continue to be payable to the respective bearers thereof. Section 13. That the Sewer System shall be operated on a fiscal Da ever r- l No ✓ e',rII-i h ¢ 3 0 year basis, beginning and ending of each year. Section 14. That the bonds shall be subject to redemption prior to maturity in the manner and upon the terms set forth in the bond form appearing in Section 4 hereof. Section 15. That as long as any of the bonds authorized hereby are outstanding, the City shall not issue or attempt to issue any bonds or obli- gations claimed to be entitled to a priority of lien on the revenues of the Sewer System over the lien securing the bonds of the issue herein authorized, including the herein authorized and any and all future extensions, betterments and improve- ments. However, nothing in this Ordinance shall be construed to prevent the issuance by the City of additional bonds to finance or pay the cost of construct- ing any future extensions, betterments and improvements to the Sewer System; provided, the City shall not authorize or issue any such additional bonds rank- ing on a parity with the outstanding bonds of this issue unless and until there shall have been procured and filed with the Trustee a statement by an independent certified public accountant not in the regular employ of the City reciting the opinion based upon necessary investigation that gross revenues derived from