With the city of Conway apparently in the process of authorizing more bonds for sale to finance a variety of projects, has anyone around here actually purchased any of these bonds? If so, can someone share the terms of these bonds? For all the coverage of this story, I don't know if the sale terms have been disclosed.
I'm curious about these bonds from the perspective of their attractiveness and effectivness - has the city of Conway had any trouble selling their bonds in the past? Are the bonds usually sold out fairly quickly? I understand the issuing of bonds allows a municipality quicker access to tax generated funds but in the case of the city of Conway, have bonds served the intended purpose(s)?