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Board approves resolution to defease and redeem certain outstanding bonds
Summary
The board approved a resolution authorizing defeasance and redemption of certain outstanding district bonds; the motion passed unanimously, 7-0, with no further details in the minutes.
The Temple Independent School District Board of Trustees on Sept. 9 approved a "Resolution Authorizing Defeasance and Redemption of Certain District's Outstanding Bonds and Other Related Matters." Ronnie Gaines moved the resolution; Shannon Myers seconded the motion and the vote was 7-0 in favor.
The published minutes record the board's approval but do not provide specifics about which bond issues were affected, the principal amounts, refunding structure, or timetable for defeasance and redemption.
