Eyeing the use of minibonds as a way to attract new buyers of city bonds and raise some capital, the New York City Council heard testimony on Friday from municipal bond experts from the private and public sectors.

The council's subcommittee on revenue enhancement, chaired by councilman Stanley E. Michels, held the hearings to study the feasibility of selling such bonds. The hearings were also held to hear testimony on some of the legal and marketing questions surrounding the sale of such bonds.

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