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• <br /> provisions herein made for the payment of the principal of, <br /> premium, if any, and interest on the Defeased Bonds. <br /> Section 3 . Substitution Plan. , For the purpose of <br /> continuing to irrevocably provide for the payment of the <br /> principal of, premium, if any, and interest on the Defeased Bonds <br /> and to effect a savings to the City by accomplishing such <br /> defeasance at a lower cost, the City shall effect the following <br /> transactions: <br /> a. The City shall withdraw from the 1985 Advance <br /> Refunding Fund-A and cause to be sold for the account of the City <br /> those securities listed on Exhibit A, attached hereto, and shall <br /> apply the proceeds of such sale to the purchase of those <br /> Government Obligations listed on Exhibit B, attached hereto. The <br /> City shall then deposit with U.S. Bank of Washington, N.A. , into <br /> the 1985 Advance Refunding Fund-A, those Government Obligations <br /> listed on Exhibit B. <br /> The principal of and interest on all Government Obligations <br /> described in Exhibit B and held by U.S. Bank of Washington, N.A. , <br /> are irrevocably pledged to the payment of the principal of and <br /> interest on the Outstanding A Bonds (as defined in Ordinance No. <br /> 1139-85) . <br /> U.S. Bank of Washington, N.A. shall hold all such Government <br /> Obligations described in Exhibit B, and the income therefrom, as <br /> trustee for the holders of the Outstanding A Bonds. <br /> -4- WEM024 91/06/24 <br />