Yale’s 367-year-old water bond still pays interest (2015)
I’ve heard of this before, but I’m still puzzled by the logic of a loan that never gets paid off. Was this just a bad idea, or does this still happen and there’s a good reason for it? Could the water authority pay the loan back to close it out?<p>Just asking questions to the air, but if anyone knows the answer I’d love to know!