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nor► Section 25. e'er When the bonds have been executed and the seal of the City impressed as herein provided, they shall be delivered to the Trustee and the Trustee shall authenticate them and deliver them to the purchaser upon payment of the purchase price plus accrued interest from August 1, 1976, to the day of delivery ("bond proceeds"). The purchase price shall be paid in federal funds and in the manner as set forth in a letter of delivery instructions executed by the Mayor and delivered to the Trustee. As set forth in the letter of delivery instructions or as set forth in the Trust Agreement (identified below), the bond proceeds shall be delivered to Reynolds Securities, Inc., the City's financial advisor -for the purpose of acquiring for the City direct or fully guaranteed securities of the United States (being any securities or guaranteed securities supported by a pledge of the full faith and credit of the United States) with such maturities and redemption provisions as, together with available cash, will produce, as needed, sufficient monies to pay principal, interest, and Trustee's and Paying Agent's fees on the 1967 Bonds, the 1965 Bonds, and the 1961 Bonds, as due and payable. The investment securities and cash, if any, shall be identified in a Trust Agreement executed by the Mayor and City Clerk, which Trust Agreement shall provide that the investment securities, and cash, if any, shall be held in trust for the security of the 1967 Bonds, the 1965 Bonds, and the 1961 Bonds, and shall provide for the proper handling and disbursement of monies held in trust thereunder for the payment of principal, interest and Trustee's and Paying Agent's fees on the 1967 Bonds, the 1965 Bonds, and the 1961 Bonds, as due and payable. The Mayor and City Clerk are authorized and directed to enter into an appropriate Trust Agreement, and such writings as may be necessarily incidental thereto, incorporating and implementing the provisions of this Section. All monies remaining after payment and redemption of all previous bonds shall be remitted to the City for deposit and handling as set forth in this Ordinance.