Purpose of Municipal Bonds
Municipal bonds are securities that are issued for the purpose of financing the infrastructure needs of the issuing municipality. These needs vary greatly but can include schools, streets and highways, bridges, hospitals, public housing, sewer and water systems, power utilities, and various public projects.
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Famous quotes containing the words purpose of, purpose, municipal and/or bonds:
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—D.H. (David Herbert)
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Stir up their servants to an act of rage
And after seem to chide ‘em. This shall make
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—William Shakespeare (1564–1616)
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—Alfred E. Smith (1873–1944)
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—John Gillespie Magee (c. 1922–1941)