Municipal Bond Credit Report: The tangled tale of a troubled town’s water authority

Municipal Bond Credit Report: The Chester Water Authority traces its origins back to 1868, when it was created as a private entity to provide water to Chester, Pennsylvania’s residents. The Chester Water Service Company, as it was then known, continued to operate privately until, in 1939, when residents complained of “foul tasting, odiferous water.” Chester purchased the water system for $1,050,000. .. Link to Story