Michigan City Sells Its Sewers

Devitt, Caitlin
August 2012
Bond Buyer;8/15/2012, Vol. 381 Issue 33765, p1
Trade Publication
The article reports on the 58 million worth of triple-A rated wastewater bonds sold by Oakland County, Michigan to finance the decision to purchase the sewer system of Pontiac, Michigan. It states that the bonds are won by Raymond James & Associates Inc. and Hutchinson Shockey Erley & Co. According to Louis Schimmel, emergency manager of Pontiac, the proceeds will be used by the city to fund its debt payment.


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