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October 15, 2012 - City of Laredo

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3. The Transaction Documents have been duly authorized, approved, executed and<br />

delivered by and on behalf <strong>of</strong> Lessee and the Transaction Documents are legal, valid and binding<br />

obligations <strong>of</strong> Lessee enforceable in accordance with their respective terms.<br />

4. The authorization, approval, execution and delivery <strong>of</strong> the Transaction<br />

Documents and all other proceedings <strong>of</strong> Lessee relating to the transactions contemplated thereby<br />

have been performed in accordance with all open meeting laws, and all other applicable state or<br />

federal laws.<br />

Our opinions are based on existing law, which is subje ge. Such opinions are<br />

further based on our knowledge <strong>of</strong> facts as <strong>of</strong> the date here<strong>of</strong>. ume no duty to update or<br />

supplement our opinions to reflect any facts or circumst thereafter occur or to<br />

reflect any changes in any law that may thereafter occur or<br />

All capitalized terms herein shall have the Transaction<br />

Documents unless otherwise provided herein. L its successors a<br />

to rely on this opinion.

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