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Apperson Bros. Automobile Co. - $500 - Bond

Inv# AB5022   Bond
Apperson Bros. Automobile Co. - $500 - Bond
State(s): Indiana
Years: 1922
$500 7% Gold Bond printed by American Bank Note Company. In 1889 Elmer Apperson and his younger brother Edgar opened their Riverside Machine Works on Main Street in Kokomo and soon gained a reputation as the best mechanics in town. In 1893 a fellow townsman named Elwood Haynes paid them a visit and offered them a proposition: He owned a one-cylinder two-cycle Sintz marine engine and he wanted help in building a car. The Apperson brothers provided it, and on the Fourth of July in 1894 the car had its maiden test run.
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: $239.00