South Trust Contests Vote to Remove It From Florida Housing Deal

DeSue, Tedra
May 2002
Bond Buyer;5/15/2002, Vol. 340 Issue 31387, p4
Trade Publication
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.


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