Evans Products Co. - $1,000 Specimen Bond - Robert B. Evans Company
Inv# SE1780A Bond
$1,000 6 1/4% Bond printed by American Bank Note Company. Robert Beverley Evans Sr. (March 19, 1906 – August 17, 1998) was an automobile industry executive, a prominent Republican, an industrialist, a socialite, and an avid sportsperson. He founded Evans Industries. Evans also became chairman of American Motors Corporation (AMC). Evans was born in Richmond, Virginia, and graduated from the Virginia Episcopal School, The University of Lauzon, and the University of Michigan.
As an entrepreneur, Evans became the owner of many companies with combined annual sales of US$20 million by the 1960s, but entrusted most business affairs to underlings. Instead, Evans focused his efforts on hobbies like golf, quail hunting, as well as designing and racing a hydroplane. He built a jet-powered hydroplane in 1960 with the goal to capture the world's water speed record that was held by Donald Campbell. He was determined to succeed even when his boat, "Miss Stars and Stripes II", crashed during a speed attempt.
The Evans Products Company grew into a supplier of automotive transportation systems and building materials. In 1955, Evans Products spun off several small companies to Robert B. Evans Jr., the executive vice president, and son of the founder. The resulting companies became managed as a private equity firm, Evans Industries. Evans described himself in a New York Times interview as a relaxed Detroit millionaire who has spent 35 years specializing in the reconstruction of "sick companies." Read more at https://en.wikipedia.org/wiki/Robert_B._Evans
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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