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. . '.' . Section 18. ADDITIONAL BONDS. The City reserves the . right to issue additional parity revenue bonds, to be known as Additio~al Bpnds, w~ich when issued and delivered, shall be pay- able from and' sec'ured by a first lien on and pledge of the Net Revenues of th~ Airport, in the same manner and to the same extent as the Bo~d~;: ,and the Bonds and all Additional Bonds shal in all respects be on a parity and of equal dignity. The Addi- tional Bonds ,may be'issued in one or more installments or series , > provided, however, that no installment or series of Additional Bonds shall be issued unless:' . (a). A certificate is executed by the Mayor and City Clerk of said City to the effect that no default exists in 'connection with any of the covenants or requirements of the ordinance or ordinances authorizing the issuance of all then outstanding Bonds and Additional Bonds; (b) A certificate is executed by the Mayor and City Clerk of said City' to the effect that the Interest and Sinking Fund and the Reserve Fund each contains the amount then required to be on deposit therein; (c) ,A certificate is executed by a Certified Public . Accountant to. the effect that, in his opinion, the Net Earnings of the Airport either for the last complete fiscal year of the City, o~ for any twelve consecutive calendar month period ending not more than ninety days prior to the passage of the ordinance authorizing the issuance pf such Additional Bonds, were at least 1-1/2 times .the'average annual principal and interest require- ments for all then ~utstanding Bonds and Additional Bonds, and for the installment or series of Additional Bonds then proposed to be issued; and the term "Net Earnings," as 'used in this sub- . paragraph (c) shall mean the Net Revenues of the, Airport, but excluding and not deducting, any charges or disbursements which under standa~d accounting practice, should be charged to