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The New York trust company would soon fail having stolen over $200,000 from the state of Arkansas through this deal. [2] Holford then sought to make back the money by suing the state of Arkansas for $250,000, filing in both Arkansas and New York. Then the Real Estate bank failed and the ownership of the bonds was transferred to the state.
On October 1, 2005, Bank of the Ozarks was the Bond Trustee in issuing $3,770,000 worth of bonds to Improvement District No. 53 with a construction fund of $3,110,000 to purchase 200 acres to be dedicated as a public park and for facilities including hiking trails, horseback riding stables and trails, swimming pools, tennis courts, and other ...
That perception could thus potentially allow a local government to borrow at a lower interest rate, saving its taxpayers' money over the life of the bonds. Despite that advantage, many states, such as California under Proposition 13 , do not allow local governments to issue unlimited-tax general obligation debt without a public vote .
Construction had been so long delayed that the federal land grant was set to expire, but Arkansas Congressman Logan H. Roots convinced Speaker James G. Blaine to help him to pass a bill extending the deadline to April 28, 1870. [4] The railroad was then re-incorporated and granted $1.5 million in state bonds to aid the construction efforts. [4]
TO PLAY IN COURT (Played in Cirba on 2/20/15 and 2/23/15) ID:BINDER_07172013_PA_02 02-24-2015 Designation Run Report
Premium Bonds is a lottery bond scheme organised by the United Kingdom government since 1956. At present it is managed by the government's National Savings and Investments agency. The principle behind Premium Bonds is that rather than the stake being gambled, as in a usual lottery , it is the interest on the bonds that is distributed by a lottery.
This is a list of U.S. states by credit rating, showing credit ratings for sovereign bonds as reported by the three major credit rating agencies: Standard & Poor's, Fitch and Moody's. The list is given as of May 2021.
The Prize Bond Company is a joint venture between the founders An Post and FEXCO and is based in Killorglin, County Kerry.The company was created in 1989 with issued share capital between the founders of 50% each and will operate the scheme under its current (as of 2011) contract until the end of 2019.