Laserfiche WebLink
PROPOSED FORM OF LEGAL OPINION <br />r <br />[GARAGE OPINION] <br />1988 <br />Re: South Bend Redevelopment Authority <br />Lease Rental Revenue Bonds <br />!Parking Facility Project) <br />Gentlemen: <br />APPENDIX A <br />We have acted as bond counsel in connection. with the <br />issuance by the South Bend Redevelopment Authority (the "Issuer") <br />of Four Million Five Hundred Seventy-five Thousand Dollars <br />($4,575,000) aggregate principal amount of South Bend <br />Redevelopment Authority Lease Rental Revenue Bonds (Parking <br />Facility Project) originally dated 1, 1988 (the <br />"Bonds"), pursuant to a Trust Agreement (the "Trust Agreement") <br />between the Issuer and First Interstate Bank of Northern Indiana, <br />N.A., as Trustee (the "Trustee"), dated as of June 1, 1988. We <br />have examined a certified transcript of .proceedings and such <br />other certificates and documents and have reviewed such other <br />proceedings and such questions of law as we have deemed necessary <br />as a basis for this opinion. <br />It is understood that the rights of the holders of the <br />Bonds and the enforceability of the Bonds and the Trust <br />Agreement, as well as the rights of the Issuer and the Trustee <br />and the enforceability of the Lease between the Issuer, as <br />lessor, and the South Bend Redevelopment Commission (the <br />"Commission"), as lessee, dated as of June 1, 1988, may be <br />subject to bankruptcy, insolvency, reorganization, rearrangement, <br />receivership, moratorium and other laws and matters of public <br />policy affecting creditors' rights heretofore or hereafter <br />enacted to the extent constitutionally applicable and that their <br />enforcement may also be subject to the exercise of judicial <br />discretion and general principles of equity in appropriate cases. <br />