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Originally Posted by Steve9930
This just gets better every day. Don't know that much about bond structuring but one post I read indicated that if the authority to issue Tax Free Bonds where invalid all the bonds would be come callable and the debt would have to be repaid. Don't know if that is correct or not but did not sound good to me. The layers will keep this going back and forth so long I'll be pushing daisies and this thing still will not be settled.
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It is an easy chore to find out who had the final authority to sell those "tax free" bonds. Go ahead, take a guess !!! LOL And while you're at it, find out how amny residents sit on the board that made the decision to ell the bonds.