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Board approves order to defease and redeem portion of outstanding bonds
Summary
Trustees unanimously adopted an order authorizing defeasance and redemption of a portion of outstanding bonds; the motion passed 7–0.
At the Aug. 26 meeting the Hays CISD Board adopted an order to defease and authorize redemption of a portion of outstanding bonds. Board Secretary Vanessa Petrea moved the motion and Board Vice President Byron Severance seconded; the motion passed 7–0.
The minutes record the action as "Consideration and possible adoption of an order for proposed Defeasance and Redemption of a portion of outstanding bonds." The meeting record does not include bond series, dollar amounts, or a redemption schedule; those details will be contained in the bond resolution and supporting financial documents.
