TITLE

St. Paul Port Authority Asks Court to End Its 876 Bond Fund

AUTHOR(S)
Shields, Yvetfe
PUB. DATE
May 2007
SOURCE
Bond Buyer;5/23/2007, Vol. 360 Issue 32635, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the appeal of St. Paul Port Authority before the Ramsey, Minnesota Court, asking for approval to terminate its 876 Bond Fund, sell of its pledged revenues, and distribute the proceeds to the remaining investors with $51 million in holdings. In 2006, the authority has petitioned court judge Teresa Warner for approval to terminate the fund, out of which principal and interest payments are made, putting it forth as the most equitable treatment for all holders of the bonds.
ACCESSION #
25229586

 

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