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interest on the Series 1992 Bonds from gross income for federal income tax <br />purposes. <br />The principal of, interest and premium, if any, on the Bonds are payable <br />solely from and secured by a first lien on and pledge of the Pledged Funds, as <br />defined in the Resolution, which includes the Sales Tax, as defined in the <br />Resolution (the "Half -Cent Sales Tax"), all as more fully provided in the <br />Resolution. <br />The Series 1992 Bonds shall not constitute a general obligation or <br />indebtedness of the County and the holders thereof shall never have the right to <br />compel the exercise of the power of the County to levy ad valorem taxes for the <br />payment of the principal of, interest or premium, if any, on the Series 1992 <br />Bonds. <br />As Bond Counsel, we have examined, among other things: certified copies of <br />certain proceedings of the Board with respect to the Series 1992 Bonds and other <br />proofs submitted to us which are relevant to the authorization, sale, issuance <br />and delivery of the Series 1992 Bonds; a certified copy of the Resolution; <br />certain documents required by the Resolution to be furnished as conditions <br />precedent to the issuance of the Series 1992 Bonds; a no -litigation certificate; <br />a non -arbitrage certificate of the County; a rebate compliance certificate of the <br />County; and usual and required closing affidavits, certificates and documents. <br />We also have examined a specimen an executed Series 1992 Bond and assume that, as <br />required by the Resolution, all of the Series 1992 Bonds have been similarly <br />executed, will be issued in registered form and will be authenticated by the <br />Paying Agent, acting as bond registrar. <br />As to questions of fact material to our opinion, we have relied upon the <br />certified proceedings and other certifications of public officials furnished to <br />E-3 <br />