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<br />-13- <br />subject to the laws relating to bankruptcy, insolvency, reorganization of <br />creditors’ rights generally and to the application of equitable principles; <br /> <br />(B) the Bonds are exempt from registration pursuant to Section <br />3(a)(2) of the Securities Act of 1933, as amended, and the Indenture is <br />exempt from qualification pursuant to the Trust Indenture Act of 1939, as <br />amended; and <br /> <br />(C) the statements contained in the Official Statement under the <br />captions “THE BONDS,” “SECURITY FOR THE BONDS,” “TAX <br />MATTERS” and “APPENDIX A—SUMMARY OF CERTAIN <br />PROVISIONS OF THE INDENTURE” thereto are accurate insofar as such <br />statements purport to expressly summarize certain provisions of the <br />Bonds, the Indenture and Bond Counsel’s opinion concerning federal tax <br />matters relating to the Bonds; <br /> <br />(xi) a letter of Jones Hall, A Professional Law Corporation, San Francisco, <br />California, as disclosure counsel to the Successor Agency, dated the Closing Date <br />and addressed to the Successor Agency and the Underwriter stating that based <br />upon its participation in the preparation of the Official Statement and without <br />having undertaken to determine independently the fairness, accuracy or <br />completeness of the statements contained in the Official Statement, such counsel <br />has no reason to believe that, as of its dates and as of the Closing Date, the <br />Official Statement (excluding therefrom any information relating to the <br />Municipal Bond Insurer, the Municipal Bond Insurance Policy, the Reserve Fund <br />Policy, DTC and its book-entry system included therein, and the information <br />therein under the caption “UNDERWRITING” and the reports, financial and <br />statistical data and forecasts therein, and the information included in the <br />appendices thereto, as to which no opinion need be expressed) contained or <br />contains any untrue statement of a material fact or omits to state a material fact <br />required to be stated therein or necessary to make the statements therein, in the <br />light of the circumstances under which they were made, not misleading; <br /> <br />(xii) an Arbitrage Certificate in the form satisfactory to Bond Counsel; <br /> <br />(xii) the final Official Statement executed by an authorized officer of the <br />Successor Agency; <br /> <br />(xiv) certified copies of the Successor Agency Resolution and the <br />Oversight Board Resolution; <br /> <br />(xv) specimen Bonds; <br /> <br />(xvi) evidence that the federal tax information form 8038-G with respect <br />to the Bonds has been prepared by Bond Counsel for filing; <br /> <br />(xvii) an opinion of counsel to the Municipal Bond Insurer, addressed to <br />the Successor Agency and the Underwriter to the effect that: <br /> <br />(A) the description of Municipal Bond Insurer, the Municipal <br />Bond Insurance Policy, the Reserve Fund Policy included in the Official <br />Statement is accurate; <br /> <br />499