Olean, Bradford and Salamanca Railway Co. - 1921 dated $100 Railroad Gold Bond
Inv# RB7286 Bond
$100 7% Gold Bond printed by Franklin Lee Division - American Bank Note Co. Many coupons remain. Olean is a city in Cattaraugus County, New York, United States. Olean is the largest city in Cattaraugus County and serves as its financial, business, transportation and entertainment center. It is one of the principal cities of the Southern Tier region of Western New York. The city is surrounded by the town of Olean and is located in the southeastern part of Cattaraugus County. Read more at https://en.wikipedia.org/wiki/Olean,_New_York
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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