At 1:42 AM + 5/5/05, jerseyjohn99 wrote:
>Wow! I can't believe the city attorneys let this message be broadcast
>on the City's website. An official for a municipality implying a
>security is insured before it is in registration is in direct
>violation of Section 17(a) of the Securities Act of 1
http://cityofasburypark.com/inside.tpl?page=newsitem&w=1110
"Although we are proud of the city receiving an "investment grade bond
rating", we are at the beginning of our journey with a Baa3 rating, so
the issue will be insured and carry a Aaa rating (just as the city did
for the 1995 refinancing)
