TITLE

South Trust Contests Vote to Remove It From Florida Housing Deal

AUTHOR(S)
DeSue, Tedra
PUB. DATE
May 2002
SOURCE
Bond Buyer;5/15/2002, Vol. 340 Issue 31387, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports the reaction of SouthTrust Bank (STB) on bondholders voted for the removal of the bank as trustee of the revenue bonds issued by Perdido Housing Corp. in Florida. Replacement of SouthTrust with the Bank of Oklahoma; Refusal of STB to pay the principal payment owed to the company; Delay of the legal proceedings on the matter.
ACCESSION #
6794566

 

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