State of Massachusetts Bay - 1779 dated 25 Pound 6% Bond - Advance Pay to Officers
Inv# NA1005 Bond
25 Pound, 6% Bond. "Advance Pay to Officers". Massachusetts Bay is a bay on the Gulf of Maine that forms part of the central coastline of the Commonwealth of Massachusetts. The bay extends from Cape Ann on the north to Plymouth Harbor on the south, a distance of about 42 miles (68 km). Its northern and southern shores incline toward each other through the entrance to Boston Harbor, where they are about five miles apart. The depth from the base of the triangle to Boston Harbor is about 21 miles (34 km). The westmost point of the bay is at the city of Boston.
The northern shore of Massachusetts Bay is rocky and irregular, but the southern shore is low, marshy, and sandy. Along the shores are a number of capes and headlands, and off the coast a number of small islands, especially in the entrance to Boston Harbor. The principal inlets are: on the north coast, Gloucester Harbor, Nahant Bay, Salem Harbor, Marblehead Harbor, and Lynn Harbor, and on the west, Boston Harbor, Dorchester Bay, and Quincy Bay (the two latter being part of the Outer Boston Harbor), and on the south coast, Hingham Bay. Massachusetts Bay is itself part of the Gulf of Maine, which extends from Nova Scotia south to Cape Cod Bay. Cape Cod Bay is sometimes considered to be part of Massachusetts Bay. Under this interpretation, the name "Massachusetts Bay" denotes the entire rectangular area of ocean between Cape Ann and Cape Cod. Read more at https://en.wikipedia.org/wiki/Massachusetts_Bay
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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