COLUMBIA — In September 2006, the city of Columbia issued $38.5 million in bonds to pay for improvements to its electric distribution system. But by September 2010, the city still owed $38.5 million on the bonds. For four years, it had paid only the interest, leaving the principal untouched.
City Council will begin paying principal on bonds early
Wednesday, September 12, 2012 | 5:34 p.m. CDT;
updated 9:32 p.m. CDT, Wednesday, September 12, 2012
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