DALLAS - Ten taxpayers have filed suit charging that $500,000 of a 1987 bond deal by the Oklahoma County Home Finance Authority was illegally used to pay cost of issuance for another transaction.

Filed late last month in Oklahoma County District Court, the action names the authority; its chairman, Hershel Smith; the Bank of Oklahoma, the trustee bank; underwriter Leo Oppenheim & Co.; and bond counsel Fagin, Brown, Bush, Tinney & Kiser and its partners, all of Oklahoma City. No hearing date has been set.

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