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purpose, are to be used for the purpose of providing funds for <br />and toward: (i) payment of all costs and expenses of issttanca of <br />the Notes; (ii) payment of certain c.onts And expenses of the <br />Project; And (iii) establishment of necessary fttn:ia, alt As more <br />fully provided in the Resolrrt:lon. <br />The Notes shAII not: r_onstit:,rte A cienerA obl.igation of <br />the County, and the holders thereof shall never- have the right to <br />rerl;tire or compel the exercise of the power of the County to levy <br />ad valorem taxes for the payment of the prin ip�iL of And interest <br />on the Notes. <br />As Hotrod Counsel, we have @Xaminecl, .among nt.iler t.hi;ulz: <br />certified copies of certain pl-oceadings of the P—It' l with re -P -7t <br />to the Notes and the validation proceedings tharefnt in the <br />Circuit Court of the Nineteenth Judicial Citcuit.,af FL"r1d4, it' <br />and for lndtAn RivetCnunt.y, and Other proofs submitted t:o "A <br />which ar'e r-,^tevAnt- t., the issuance and sale Of the Notel A <br />certified c:npy of r -he Resotrttion: certain documents rerril—A by <br />the Resolution to he furnished as ronditions precedent to <br />issuance And delivery of the Notes: an affidavit of no <br />litigation; a non arbitrage certificate „t the County: Anclrisual <br />and required cioslnq affidavits, «:ertificatee and documents. We <br />also have examined A specimen ,,f the Note executed in the mannec <br />required by the Resolution. and Assrxate that, as required t,l tl,A <br />Rerolution, All notrea have been similarly executed, will t- <br />issued in regintereri form and will be Authenticated i,y the F'Ayitvi <br />Anent. <br />As to questinns of fact mAt.erial to our optntc,n, we <br />have relied upon the certified pro,:„edings and other <br />certifications of public officials furnished to us without <br />undertaking to verify such facts by independent Invest.icgation. <br />Based on our examirlatian Anl assuming investment. Ani <br />application of the proceeds of the Notes as set forth in the <br />aforementioned non -arbitrage certificate, assuming that the Notes <br />will remain in registered form as required by the Resolution. and <br />assuming continuing compliance by the County with the <br />aforementioned covenants pertaining to the Code, we are of the <br />opinion that: <br />1. The County has power to issue the Notes, to own <br />the System, to undertake the Project, and to operate and maintain <br />the System. <br />2. The Resolution has been duly adopted by the County <br />and is a valid and enforceable instrument. <br />3. The principal of and interest on the Notes are <br />payable from and secured by a prior lien upon and pledge of the <br />B-2 <br />