TAX-EXEMPT INDUSTRIAL POLLUTION CONTROL FINANCING (1974) Consumers Power. NIC percent Underwriters or lenders Blyth Eastman Dillon. Do. Smith, Barney; Goldman, Sachɛ. Blyth Eastman Dillon; Goldman, Sachs; Bur- Morgan Stanley. Boettcher. Blyth Eastman Dillon; Goldman, Sachs; Burrows, Smith. Phelps Dodge.. 38, 700 5.988 Goldman, Sachs. Nevada Power. 20,000 6.44 White, Weld; Blyth Eastman Dillon. Montana-Dakota Util. 5,600 6.25 Blyth Eastman Dillon. Square D 700 5.99 Sterne, Agee & Leach. Missouri Portland Cement.. 11,500 6.22 Smith, Barney group. Flintkote. 5,300 5.9756 Merrill Lynch. Inland Steel. 22,000 6.31 Arizona Public Service. 50,000 6.24 Blyth Eastman Dillon and Associates. First Boston; Blyth Eastman Dillon; Dean Witter Blyth Eastman Dillon; Boettcher and Associates. Mellon Bank and Associates. Blyth Eastman Dillon and Associates. Kuhn, Loeb. Union Electric. Alcoa Scott Paper. TAX-EXEMPT INDUSTRIAL POLLUTION CONTROL FINANCING (1974)-Continued Luzerne Co. IDA, Pa. 31 Titus Co. Fresh Water Supply Dist. No. 1, Tex. Tuscaloosa IDB, Ala. Nov. 1 Ohio AQDA 4 Adams Co., Miss. 13 Jefferson Co. IDA, N.Y. 14 Gulf Coast Waste Disp. Auth., Tex. 19 Calsasieu Par. IDB, La. 20 Bastrop IDB, La. 21 Calif. Pol. Cont. Fin. Auth. Childersburg IDB, Ala. 22 New Hampshire IDA.. 26 Baltimore, Md. 27 York Co. IDA, Va. Mr. MAZOTTI. Now, before I let Mr. Aldrich cover a couple of examples, I want to give you one example which was given to me this morning. It happened to be one of our Bank of America customers of long standing, 40 years, called the James E. O'Connell Co., an apple producer north of San Francisco. On October 25, 1973, the California Water Quality Control Board ordered him to comply with State standards for a water discharge into a local creek that went into a river nearby. In order to comply, he had to purchase equipment which cost $200,000. He attempted for over a period of time to arrange financing. He was unable. Just before the start of the apple season, the order was to either put the equipment in or he could not operate. He came to our bank. We were unable to do anything except overdraw his commercial account in the amount of $200,000, with which he purchased the equipment and commenced the processing. Later, after examining the equipment, the board decided that $125,000 in additional money would have to be spent on backup equipment to improve the quality of the discharged water. Soon after, |