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Bonds from gross income for federal income tax <br /> purposes or contesting the powers of the Authority <br /> to enter into the Authority Documents; (iii) which <br /> may result in any material adverse change to the <br /> financial condition of the Authority; or (iv) <br /> contesting the completeness or accuracy of the <br /> Preliminary Official Statement or the Official <br /> Statement or any supplement or amendment thereto <br /> or asserting that the Preliminary Official <br /> Statement or the Official Statement contained any <br /> untrue statement of a material fact or omitted to <br /> state any material fact required to be stated <br /> therein or necessary to make the statements <br /> therein, in the light of the circumstances under <br /> which they were made, not misleading; provided, <br /> however, that no opinion is given as to <br /> information contained under the caption "BOND <br /> INSURANCE" or in Appendix F thereto, and there is <br /> no basis for any action, suit, proceeding, inquiry <br /> or investigation of the nature described in <br /> clauses (i) through (iv) of this sentence; and <br /> (ix) Nothing has come to such counsel' s <br /> attention which would lead such counsel to believe <br /> that the Official Statement (excluding therefrom <br /> the financial and statistical data and forecasts <br /> included therein, information relating to the <br /> Insurer and the Policy as to which no opinion need <br /> be expressed) contains any untrue statement of a <br /> material fact or omits to state a material fact <br /> necessary to make the statements therein, in the <br /> light of the circumstances under which they were <br /> made, not misleading. <br /> (4) City Attorney Opinion. An opinion of the <br /> City Attorney of the City, dated the date of the <br /> Closing and addressed to the Representative, in form <br /> and substance acceptable to the Representative, <br /> substantially to the following effect : <br /> (i) The City is a municipal corporation duly <br /> organized and existing under the Constitution and <br /> laws of the State of California with full right, <br /> power and authority to execute, deliver and <br /> perform its obligations under the City Documents <br /> and the JPA Agreement and to carry out and <br /> consummate the transactions contemplated by the <br /> City Documents, the JPA Agreement and the Official <br /> Statement; <br /> (ii) By all necessary official action of the <br /> City, the City has duly authorized and approved <br /> the execution and delivery of, and the performance <br /> 19 <br />