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CANNELTON - Bonds that will finance energy-saving improvements to the city's high school were sold May 12, Cannelton City Schools Superintendent Al Chapman reported at a May 21 regular school-board meeting.
The sale of approximately $2.4 million in bonds to the Oppenheimer and Co. Inc. investment firm, which was to resell them to long-term investors, also permitted debts to Fifth Third and German American banks, totaling approximately $1.4 million, to be paid off, Chapman said. A construction fund held $865,000 "to be used when we decide what we'll do," he explained.
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