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66 <br /> the Congress or recommended to the Congress by the President of the United States or <br /> favorably reported for passage to either House of Congress by any committee of such <br /> House, or a conference committee of both Houses, to which such legislation had been <br /> referred for consideration, or a decision by a federal court of the United States or the <br /> United States Tax Court shall be rendered, or an order, ruling, regulation or official <br /> statement by or on behalf of the Treasury Department of the United States or the Internal <br /> Revenue Service or other governmental agency shall be made or proposed, or a release or <br /> official statement made by the President of the United States or by the Treasury <br /> Department of the United States or the Internal Revenue Service, with respect to federal <br /> taxation upon revenues or other income of the general character to be derived by the <br /> County or upon interest received on obligations of the general character of the Bonds <br /> which in the Underwriters' judgment, materially adversely affects the market for the <br /> Bonds; or <br /> (ii) Legislation shall hereafter be enacted or actively considered for <br /> enactment or introduction, with an effective date on or prior to the Closing, or a decision <br /> by a court of the United States shall be rendered or a stop order, ruling, regulation or <br /> proposed regulation by or on behalf of the Securities and Exchange Commission or other <br /> agency having jurisdiction shall be made, to the effect that the issuance, sale and delivery <br /> of the Bonds, or any other obligations of any similar public body of the general character <br /> of the County is in violation of the Securities Act of 1933, as amended, of the Securities <br /> Exchange Act of 1934, as amended, or of the Trust Indenture Act of 1939, as amended or <br /> with the purpose or effect of otherwise prohibiting the issuance, sale or delivery of the <br /> Bonds, as contemplated hereby, or of obligations of the general character of the Bonds; or <br /> (iii) There shall have occurred any outbreak or escalation of hostilities <br /> or other national or international calamity or crisis, the effect of such outbreak, calamity <br /> or crisis on the financial markets of the United States being such as, in the Underwriters' <br /> judgment, would materially adversely affect the market for, or market price of, the <br /> Bonds; or <br /> (iv) There shall be in force a general suspension of trading on the New <br /> York Stock Exchange or minimum or maximum prices for trading shall have been fixed <br /> and be in force, or maximum ranges for prices for securities shall have been required and <br /> be in force on The New York Stock Exchange whether by virtue of a determination by <br /> that Exchange or by order of the Securities and Exchange Commission or any other <br /> governmental authority having jurisdiction; or <br /> (v) A general banking moratorium shall have been declared by federal, <br /> State or New York authorities having jurisdiction, and be in force, or a major financial <br /> crisis or a material disruption in commercial banking or securities settlement or <br /> clearances services shall have occurred such as to make it, in the judgment of the <br /> Underwriters, impractical or inadvisable to proceed with the offering of the Bonds as <br /> contemplated in the Official Statement; or <br /> (vi) an event shall occur which makes untrue or incorrect in any <br /> material respect, as of the time of such event, any statement or information contained in <br /> -10- <br />