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1991-11-15 Resolution 46
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1991-11-15 Resolution 46
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7/18/2008 3:28:09 PM
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TA% MATTERS <br />In the opinion of Baker & Daniels, South Bend, Indiana, Bond <br />Counsel, interest on the Taxable Lease Rental Revenue Bonds is <br />exempt from taxation in the State of Indiana for all purposes <br />except the Indiana financial. institutions tax and the Indiana <br />inheritance tax. <br />INTEREST ON THE TAXABLE LEASE RENTAL REVENUE BONDS IS NOT <br />EXCLUDABLE FROM GROSS INCOME OF THE OWNERS THEREOF FOR FEDERAL <br />INCOME TAX PURPOSES UNDER SECTION 103 OF THE INTERNAL REVENUE <br />CODE OF .1986, AS AMENDED. <br />The foregoing does not purport to be a comprehensive discussion <br />of the tax consequences of owning the Taxable Lease Rental <br />Revenue Bonds.. Prospective owners of the Bonds should consult <br />their own tax advisors with respect to the foregoing and other <br />tax consequences of .owning the Taxable Lease Rental Revenue <br />Bonds. <br /> <br />• <br />
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