4 ms·
If I buy this can I issue my own tax free municipal bonds?
by koolba 3y ago
If I buy this can I issue my own tax free municipal bonds?
- bell-cot 3y agoI don't think it works that way. IANAL...but Lobo does not have its own government. Nor any annual tax revenue, which might be pledged to make the payments on bonds.
- mikestew 3y agoI'll leave the question of "legally allowed" to the lawyers, because I think the elephant in the room is: who's going to buy your bonds if your ghost town has no tax revenue?
- all2 3y agoIf he issues them as NFTs and concurrently releases GTC (ghost town coin), he might make a little cash on the side.
- jfghi 3y agoJust needs a “good faith constructive” conversation with regulators. /s
- bumby 3y agoDepending on the map you're referencing this is in the Permian Basin. Maybe there's some taxable revenue from oil/gas.
- brudgers 3y agoIf there was oil, it probably would not be for sale…and there are few if any oil wells along that stretch of US90. I don’t think it’s over the Permian Basin.