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CM -20 - Nothing in this Ordinance, however, shall be construed to prevent the City from issuing additional bonds from time to r time payable from the revenues derived from the operation of the System and ranking on a parity of pledge with these bonds, in order to finance or refinance further extensions, betterments and improvements to the System, subject to the conditions and restrictions pertaining to the issuance of parity bonds contained in Section 16 of the 1976 Ordinance. The additional bonds, the issuance of which is restricted and conditioned by this Section, shall be understood to mean bonds payable from the revenues of the System on a parity with these bonds and shall not be deemed to include other obligations, the security and source of payment of which is subordinate and subject to the pledge securing these bonds. Section 13. When the bonds have been executed and the seal of the City impressed or imprinted as herein provided, they shall be delivered to the Trustee and the Trustee shall authenticate them and deliver them to the purchaser upon payment in cash of the purchase price, plus accrued interest from date of the bonds to the date of delivery ("total sale proceeds"). The total sale proceeds shall be handled as follows: (1) There shall be deducted from the balance of the total sale proceeds the accrued interest on the bonds, plus such additional sums, if any, as shall be necessary to provide for the payment of debt service requirements of the bonds until revenues of the System are available in sufficient quantity therefor, for deposit in the Bond Fund. (2) Expenses of issuance of the bonds may be paid. (3) The Trustee shall deposit the remainder of the total sale proceeds in a special account in the name of the City designated "1975 Water and Sewer Construction Fund"