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Since 1979, Carella, Byrne, Bain, Gilfillan, Cecchi, Stewart & Olstein has been a nationally recognized Bond Counsel firm listed in the "Red Book" of Municipal Bond Attorneys of the United States. In this capacity, our Firm is nationally recognized by the investment community as an expert in the law of municipal finance, and the Firm's approving legal opinions are relied upon by investors as to the legality and enforce ability of tax-exempt obligations. Our Firm has been involved in the issuance of billions of dollars of tax-exempt financings for municipalities, for counties, for local authorities, for various State agencies including the New Jersey Economic Development Authority, the New Jersey Health Care Facilities Financing Authority, the New Jersey Highway Authority, the New Jersey Educational Facilities Authority, the New Jersey Higher Education Student Assistance Authority, and for large regional authorities such as the Passaic Valley Sewerage Commissioners, the Bergen County Utilities Authority, and the North Jersey District Water Supply Commission. In addition, we have served as counsel to national investment banking firms and underwriters, to the trustees for the holders of tax-exempt securities, and as general counsel to companies obtaining tax-exempt loans for industrial development purposes. Among these issues have been many significant, sophisticated financings. Specifically: (i) We have served as Bond Counsel to the New Jersey Economic Development Authority for over two decades for numerous financings, such as $5,000,000 Catholic Community Services Adjustable Convertible Economic Development Bonds, 1995 Series. June 29, 1995, (variable rate direct-pay letter of credit backed 501(e)(3) bonds); $6,000,000 Catholic Community Services Adjustable Convertible Economic Development Bonds, 1993 Series December 16, 1993 (variable rate direct-pay letter of credit backed 501(c)(3) bonds); $2,305,000 Economic Development Bonds, Buehler Challenger and Science Center Foundation, Inc. Project, 1994 Series, September 30, 1994; $7,795,000 Revenue Bonds Community Mental Health Loan Program, Series 1991, February 13, 1992 (underwriter's counsel, composite bond issue for eight 501 (c)(3) mental health providers); $43,820,000 First Mortgage Revenue Fixed Rate Bonds (Fellowship Village Project, Series 1995 A); and $25,000,000 First Mortgage Revenue Variable Rate Bonds (Fellowship Village Project, Series 1995 B) (Borrower's Counsel); $15,000,000 Water Facilities Refunding Bonds (Elizabethtown Water Company Project- 1991 Series B), August 22, 1995; $10,500,000 Water Facilities Refunding Bond (Elizabethtown Water Company Project- 1991 Series A), August 22, 1991; $9,595,000 Natural Gas Facilities Refunding Revenue Bonds. Series 1991 A (New Jersey Natural Gas Company Project), March 14, 1991; $ 15,000,000 Natural Gas Facilities Revenue Bonds, Series 1991 B (New Jersey Natural Gas Company Project), March 14, 1991. |
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Bond Counsel |