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American Smokeless Coal Co. - $1000 - Bond

Inv# MB5020   Bond
American Smokeless Coal Co. - $1000 - Bond
State(s): Arkansas
Years: 1901
$1,000 5% Gold, uncancelled bond. Gold seal. No coupons. New Jersey Charter voided 1908. For nonpayment of taxes.
Condition: Excellent

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.

Item ordered may not be exact piece shown. All original and authentic.
Price: $45.00