1994-05-17 Resolution 91 - Laserfiche WebLink

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Department of the United States, the Internal Revenue Service or the Chairman or ranking • member of either the Committee on Finance of the United States Senate or the Committee on Ways and Means of the United States House of Representatives, or (C) proposed for consideration by either such Committee or by any conference committee comprised of members of either such Committee, or favorably reported for passage to either House of the Congress by a committee of such House to which such legislation has been referred for consideration; or (ii) a decision by a court established under Article III of the Constitution of the United States or the Tax Court of the United States; or (iii) an order, ruling or regulation (final, temporary or proposed) by or on behalf of the Treasury Department of the United States, the Internal Revenue Service or any other authority of the United States, or any comparable legislative, judicial or administrative development affecting the Federal tax status of the Issuer, its property or income, or the interest on its obligations (including the Bonds); (b) Any legislation, ordinance, rule or regulation shall be introduced in or be enacted by any governmental body, department or agency in the State of Indiana (the "State "), or a decision by a court within the State shall be rendered which, in the opinion of the Underwriters, materially and adversely affects the ability of the Underwriters to enforce contracts for the sale of Bonds entered into by the Underwriters at prices not in excess of the initial public offering price set forth on the cover page of the Official Statement; (c) Legislation shall be enacted by the Congress of the United States of America, a stop order, ruling or regulation by the Securities and Exchange Commission or any other governmental agency having jurisdiction of the subject matter shall be issued or made, or a • decision by a court of the United States of America shall have been rendered, to the effect that the issuance, offering or sale of obligations of the general character of the Bonds, or the issuance, offering or sale of the Bonds, as contemplated hereby or by the Official Statement, is in violation or would be in violation of any provision of the Federal securities laws, including the Securities Act of 1933, as amended and as then in effect, and the Securities Exchange Act of 1934, as amended and as then in effect, or is not exempt or would not be exempt from registration under the Securities Act of 1933, as amended and as then in effect; (d) Additional material restrictions not in force as of the date hereof shall have been imposed upon trading in securities generally by any governmental authority or by any national securities exchange; (e) The New York Stock Exchange, Inc., or other national securities exchange, or any governmental authority, shall impose, as to the Bonds or obligations of the general character of the Bonds, any material restrictions not now in force, or increase materially those now in force, with respect to the extension of credit by, or the charge to the net capital requirements of, underwriters; (f) There shall have been a material adverse change in the national financial economic situation in the United States or there shall have occurred (i) the general suspension of trading on the New York Stock Exchange, Inc. or (ii) the establishment of a general banking moratorium by Federal, New York or Indiana authorities; 10