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<br /> <br /> .. lR : a T. R•.. ~.. <br /> TAX MATTERS <br /> <br /> In the opinion of Baker & Daniels, South Bend, Indiana, Bond Counsel, <br /> interest on the Taxable Lease Rental Bonds is exempt from taxation in <br /> the State .of Indiana for all purposes except the Zndiana financial <br /> institutions tax -and the Indiana inheritance tax. <br /> INTEREST ON THE TAXABLE LEASE RENTAL BONDS IS NOT EXCLUDABLE FROM GROSS <br />-- INCOME OF THE OWNERS THEREOF FOR FEDERAL INCOME TAX PURPOSES UNDER <br /> SECTION 103 OF THE INTERNAL REVENUE. CODE OF 1986, AS AMENDED. <br />_ The foregoing does not purport to be a comprehensive discussion of the <br /> tax consequences of owning the Taxable Lease Rental Bonds. Prospective <br /> owners of the Bonds should consult-their own tax advisors with respect <br /> to the foregoing and other tax consequences of owning the Taxable Lease <br /> Rental Bonds. <br /> <br /> <br /> <br />