All of the following information is included in a municipal bond resolution EXCEPT:

All of the following information is included in a municipal bond resolution EXCEPT:



A) compensation paid to the underwriters.

B) restrictive covenants that are binding on the issuer.

C) any call provisions that allow the issuer to redeem the bonds before their scheduled maturity.

D) an authorization to sell the securities.



Answer: A) compensation paid to the underwriters.


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