Canton, Massachusetts · Saved source text

Latest Bond Issuance Report March 2016

Budgets & Finance · Record year 2016 · Record 2bc108f6d24148819e

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SECTION 10. Beneficiaries. This Disclosure Certificate shall inure solely to the benefit
of the Owners of the Bonds from time to time, and shall create no rights in any other person or
entity.

Date: March 17, 2016                                TOWN OF CANTON, MASSACHUSETTS



                                                    By______________________________
                                                      Treasurer

                                                      ______________________________

                                                      ______________________________

                                                      ______________________________

                                                      ______________________________

                                                      ______________________________
                                                      Selectmen


                     [EXHIBIT A: Filing Information for the MSRB]
                [EXHIBIT B: Form of Notice of Failure to File Annual Report]
AM 57319264.1




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income for federal income tax purposes retroactive to the date of issuance of the Bonds. Except
as expressed in paragraph 4 below, we express no opinion regarding any other federal tax
consequences arising with respect to the Bonds.

       3.      Interest on the Bonds is exempt from Massachusetts personal income taxes and
the Bonds are exempt from Massachusetts personal property taxes. We express no opinion
regarding any other Massachusetts tax consequences arising with respect to the Bonds or any tax
consequences arising with respect to the Bonds under the laws of any state other than
Massachusetts.

       4.      The Bonds are qualified tax-exempt obligations within the meaning of Section
265(b)(3) of the Code.

This opinion is expressed as of the date hereof, and we neither assume nor undertake any
obligation to update, revise, supplement or restate this opinion to reflect any action taken or
omitted, or any facts or circumstances or changes in law or in the interpretation thereof, that may
hereafter arise or occur, or for any other reason.

The rights of the holders of the Bonds and the enforceability of the Bonds may be subject to
bankruptcy, insolvency, reorganization, moratorium and other similar laws affecting creditors’
rights heretofore or hereafter enacted to the extent constitutionally applicable, and their
enforcement may also be subject to the exercise of judicial discretion in appropriate cases.




LOCKE LORD LLP
AM 57319071.1




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