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member of the Congress or favorably reported for passage to either House of the
<br />Congress by any committee of such House to which such legislation has been referred for
<br />consideration, a decision by a court of the United States or of the State of Illinois (the
<br />"State") or the United States Tax Court shall be rendered, or an order, ruling, regulation
<br />(final, temporary or proposed), press release, statement or other form of notice by or on
<br />behalf of the Treasury Department of the United States, the Internal Revenue Service or
<br />other governmental agency shall be made or proposed, the effect of any or all of which
<br />would be to impose, directly or indirectly, federal income taxation upon interest received
<br />on obligations of the general character of the Bonds as described in the Official
<br />Statement, or other action or events shall have transpired which may have the purpose or
<br />effect, directly or indirectly, of changing the federal income tax consequences of any of
<br />the transactions contemplated herein;
<br />(b) legislation shall be introduced in or enacted (or resolution passed) by the
<br />Congress or an order, decree or injunction shall be issued by any court of competent
<br />jurisdiction, or an order, ruling, regulation (final, temporary, or proposed), press release
<br />or other form of notice shall be issued or made by or on behalf of the Commission, or any
<br />other governmental agency having jurisdiction over the subject matter, to the effect that
<br />obligations of the general character of the Bonds, including any or all underlying
<br />arrangements, are not exempt from registration under or other requirements of the
<br />Securities Act of 1933, as amended, or that the Bond Ordinance is not exempt from
<br />qualification under or other requirements of the Trust Indenture Act of 1939, as amended,
<br />or that the issuance, offering or sale of obligations of the general character of the Bonds,
<br />including any or all underlying arrangements, as contemplated hereby or by the Official
<br />Statement or otherwise, is or would be in violation of the federal securities law as
<br />amended and then in effect;
<br />(c) any state blue sky or securities commission or other governmental agency
<br />or body shall have withheld registration, exemption or clearance of the offering of the
<br />Bonds as described herein, or issued a stop order or similar ruling relating thereto;
<br />(d) a general suspension of trading in securities on the New York Stock
<br />Exchange or other national securities exchange, the establishment of minimum prices on
<br />either such exchange, the establishment of material restrictions (not in force as of the date
<br />hereof) upon trading securities generally by any governmental authority or any national
<br />securities exchange, a general banking moratorium declared by federal, State of
<br />New York, or State officials authorized to do so;
<br />(e) the New York Stock Exchange or other national securities exchange or
<br />any governmental authority, shall impose, as to the Bonds or as to obligations of the
<br />general character of the Bonds, any material restrictions not now in force, or increase
<br />materially those now in force, with respect to the extension of credit by, or the charge to
<br />the net capital requirements of, the Underwriter;
<br />(f) any amendment to the federal or State Constitution or action by any
<br />federal or state court, legislative body, regulatory body or other authority materially
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