DALLAS — Today’s negotiated sale of $104.5 million of general obligation refunding bonds by the Orleans Parish Parishwide School District is seen as an indication that New Orleans is recovering from the devastating storms of 2005.

“This is a great sign for the entire city,” said Damon Burns, a vice president with Morgan Keegan & Co. and lead banker on the sale. “Like every public agency in this city, the school district has gone through a lot of stress. The trustees and officials with the school district have focused attention on ­returning to a strong financial position, and that has paid off for the taxpayers.”

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