EX-99.L.II 16 exhibit99-l_ii.htm OPINION AND CONSENT OF MARYLAND COUNSEL

March 21, 2013

Stroock & Stroock & Lavan LLP
180 Maiden Lane
New York, NY 10038

     Re: Dreyfus Municipal Bond Infrastructure Fund, Inc.

Ladies and Gentlemen:

     We have served as special Maryland counsel to Dreyfus Municipal Bond Infrastructure Fund, Inc., a Maryland corporation (the “Company”) registered under the Investment Company Act of 1940, as amended (the “1940 Act”), in connection with its offering of shares (the “Shares”) of common stock, par value $0.001 per share, in an initial public offering.

     In connection with our representation of the Company, and as a basis for the opinion hereinafter set forth, we have examined originals, or copies certified or otherwise identified to our satisfaction, of the following documents (hereinafter collectively referred to as the “Documents”):

     1. The Registration Statement on Form N-2 filed with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Act”), (Securities Act File No. 333-185730; 1940 Act File No. 811-22784) with respect to the Shares (the “Registration Statement”) and the prospectus (the “Prospectus”) included therein, in the form transmitted to the Commission under the Act;

     2. The charter of the Company, as amended and supplemented through the date hereof (the “Charter”), certified by the State Department of Assessments and Taxation of Maryland (the “SDAT”);

     3. The Amended and Restated Bylaws of the Company (the “Bylaws”);

     4. A certificate of the SDAT as to the good standing of the Company, dated as of a recent date;

     5. Resolutions adopted by the Board of Directors of the Company, or a duly authorized committee thereof, relating to the issuance of the Shares (the “Resolutions”), certified by an officer of the Company;

     6. A certificate executed by an officer of the Company, dated as of the date hereof; and



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March 21, 2013
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     7. Such other documents and matters as we have deemed necessary or appropriate to express the opinion set forth below, subject to the assumptions, limitations and qualifications stated herein.

     In expressing the opinion set forth below, we have assumed the following:

     1. Each individual executing any of the Documents, whether on behalf of such individual or another person, is legally competent to do so.

     2. Each individual executing any of the Documents on behalf of a party (other than the Company) is duly authorized to do so.

     3. Each of the parties (other than the Company) executing any of the Documents has duly and validly executed and delivered each of the Documents to which such party is a signatory, and the obligations of such party set forth therein are legal, valid and binding and are enforceable in accordance with all stated terms.

     4. All Documents submitted to us as originals are authentic. The form and content of all Documents submitted to us as unexecuted drafts do not differ in any respect relevant to this opinion from the form and content of such Documents as executed and delivered. All Documents submitted to us as certified or photostatic copies conform to the original documents. All signatures on all Documents are genuine. All public records reviewed or relied upon by us or on our behalf are true and complete. All representations, warranties, statements and information contained in the Documents are true and complete. There has been no oral or written modification of or amendment to any of the Documents, and there has been no waiver of any provision of any of the Documents, by action or omission of the parties or otherwise.

     5. The number of Shares to be issued will not exceed the number of Shares registered under the Registration Statement.

     Based upon the foregoing, and subject to the assumptions, limitations and qualifications stated herein, it is our opinion that:

     1. The Company is a corporation duly formed, existing and in good standing under and by virtue of the laws of the State of Maryland.

     2. The Shares have been duly authorized for issuance and, when and if issued and delivered against payment therefor, in accordance with the Registration Statement, the Prospectus and the Resolutions, will be validly issued, fully paid and nonassessable.



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     The foregoing opinion is limited to the laws of the State of Maryland and we do not express any opinion herein concerning any other law. We express no opinion as to compliance with any federal or state securities laws, including the securities laws of the State of Maryland, or as to federal or state laws regarding fraudulent transfers. To the extent that any matter as to which our opinion is expressed herein would be governed by the laws of any jurisdiction other than the State of Maryland, we do not express any opinion on such matter.

     The opinion expressed herein is limited to the matters specifically set forth herein and no other opinion shall be inferred beyond the matters expressly stated. We assume no obligation to supplement this opinion if any applicable law changes after the date hereof or if we become aware of any fact that might change the opinion expressed herein after the date hereof.

     You may rely on this opinion in rendering your opinion to the Company that is to be filed as an exhibit to the Registration Statement. We consent to the filing of this opinion as an exhibit to the Registration Statement and to the use of the name of our firm therein. In giving this consent, we do not admit that we are within the category of persons whose consent is required by Section 7 of the Act.

Very truly yours,
 
/s/ VENABLE LLP