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on which are unconditionally guaranteed by, the United <br /> States of America . <br /> (2) The City obtains a verification by a certified <br /> public accounting firm which shall be satisfactory to bond <br /> counsel and the City that such securities bear such interest <br /> and mature at such times and in such amounts as to fully <br /> replace the Acquired Obligations for which they are <br /> substituted, and to provide, together with Acquired <br /> Obligations and cash remaining, for the payment of the <br /> amounts specified in items (a) and (b) above . <br /> (3) The City obtains an opinion from bond counsel that <br /> such substitution (i) is permitted under Section 10 of <br /> Ordinance No. 1433-88 of the City, and (ii) shall not cause <br /> interest on any of the 1992 Bonds or Refunded 1988 Bonds to <br /> become subject to federal income tax . <br /> B. Disposition of 1992 Bond Proceeds and Interfund <br /> Transfers . The proceeds of the 1992 Bonds shall be deposited as <br /> follows : <br /> (1) There shall be deposited with the Refunding <br /> Trustee and credited to the 1992 Advance Refunding Fund an <br /> amount sufficient, together with the amounts stated in <br /> paragraphs 14 .B. (i) and (ii) below, and any necessary begin- <br /> ning cash balance, to provide for the purchase of the <br /> Acquired Obligations for the advance refunding and <br /> defeasance of the Refunded 1988 Bonds (in accordance with <br /> 52 Fwwoos.00c svosrn <br />