1983-102 - Laserfiche WebLink

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• ♦ {i} an opinion of bond counsel to the Issuer, addressed t0 th~ issuer <1nu to the Trustee, to the effect that such Addi- ti0nal 3onJs are legal and valid, that under existing statutes ,1.nd court ,lecisions, the interest thereon is exer.EJt from federal inco:ae t:ixes, assuming compliance with certain conditions imposed by che T.lx E~uity and Fiscal Responsibility Act of 1982 (if not ~at1~fi~d ac the Bond closing), except interest for any period during which any such ~dditional Bond shall be held by a holder '"'ho is ,l "substantial user" of the Project or who is a "reluted ,Jers,:in" co such user (within the meaning of Section 103(b}(9) of t:,e C.1..lc), and that the issuance a · .d sale of such Additional .,ands :tot result in interest on the Outstanding Bonds becoming incluJuole in the gross income of the holders thereof for federal income t3x purposes; (j) such other instruments as the Trustee may reason- .:ibl·/ requast.. The proceeds of such Additional Bonds shall be deposited .,.,ith .rn,1 i1elll -.1nd disbursed by the Trustee as provided in the 3uppL~~antal Indenture providing for such Additional Bonds. ~ection J.4 Authentication and Delivery of Additional dorn.ls for ;~efunding. The Issuer, if and to the extent authorized by lJW, Ln addition to the Bonds authorized to be executed, o1ut!1cntic3teJ. and delivered pursuant to the other provisions of this ~rticle III, may execute and deliver to the Trustee, and the TrJtitee shall thereupon authenticate and deliver to or upon the wri~t,:rn iJrd~r of the Chairman of the Goard of County Co10missioners of tne Issuer or other 3uthorized executive officer of the [ssuer, AJditional Donds for the purpose of refunding all of the BonJ$ then ~utstanding, and only upon the receipt by the Trustee, in adJition to the items required under Section J,3 of this InJenture, of: (,l) a copy of a resolution describing the Bonds to be refunded -.1nd ~uthorizing all necessary action in connection with the refun,ling thereof pursuant to the provisions of this Inuenturr~ .:i.nJ stating the estimate by the Issuer of A.dminis- tr-.1tion ~xpenses in connection with the issuance of such ,\Jditi.on.il Bonds and the retlemption, if any, of the Bonds to be r.:!t:.1r1L.ie,I, certified by such Clerk untler officiul seal to have been July adopted by the Issuer anJ to be in full force and •~ffect :Jn t.he <late of such certification; (b) eviJence satisf.:ictory to the Trust.ee that notice of r~·Je:npt ion oE the Bonds to be redecrn1eJ, if any, has been puoli3heJ ~r Jivcn as proviJed in this [n<lenture, or that provi- -35-