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1994-06-21 Minutes
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1994-06-21 Minutes
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7/24/2008 3:49:07 PM
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The opinions set forth in this paragraph four are subject to the condition that the Issuer comply with all <br />requirements of the Code that must be satisfied subsequent to the issuance of the Bonds in order that interest thereon <br />• be, or continue to be, excludable from gross income for federal income tax purposes. The Issuer has covenanted <br />to comply with each such requirement. Failure to comply with certain of such requirements may cause the interest <br />on the Bonds to cease to be excludable from gross income for federal income tax purposes retroactive to the date <br />of issuance of the Bonds. We express no opinion regarding any other federal tax consequences arising with respect <br />to the Bonds. <br />5. The interest on the Bonds is exempt from taxation in the State of Indiana for all purposes except <br />the Indiana financial institutions tax and the Indiana inheritance tax. <br />Very truly yours, <br />• <br />1~ <br />u <br />B-Z <br />
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