TITLE

TD Bank Could Sue Harrisburg

AUTHOR(S)
Saskal, Rich
PUB. DATE
September 2010
SOURCE
Bond Buyer;9/2/2010, Vol. 373 Issue 33377, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the authority given by Dauphin County, Pennsylvania to TD Bank NA to pursue legal actions against Harrisburg for not meeting payments due December 15, 2010 of incinerator bonds. It states that the resolution comes as Harrisburg plans to miss 3.3 million dollars in debt-service payments on general obligation debt from 1997 due September 15, 2010. It notes that Dauphin is a co-guarantor of much of the debt including the Series 2007 zero-coupon bonds due in December 2010.
ACCESSION #
53576477

 

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