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AUC~ 12 '91 15:51 HOLME~c, ~ ~!AVEH P. 1~ ' <br /> <br />evidence at the time the obli/'ation is paid that the hsuer re~onably expected to <br />reimburse the expenditu]'e with p~'oceeds of a taxable o~' tax-exempt bo['t'owing. <br /> <br /> <br />