St. James School District approves general obligation bond refunding

    During the month of May, the Board of Education of the St. James R-1 School District took advantage of the favorable municipal bond market to establish interest rates on two separate financings. At a special meeting on March 3, the board established a final terms committee that approved the sale of $2,295,000General Obligation Refunding Bonds and at the regular May 21 meeting, the board approved the sale of $2,575,000 Leas Certificates of Participation to its Municipal Bond underwriter L.J. Hart & Company, of St. Louis, Missouri.

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