Associated Gas and Electric Co. - 1936 dated $75 Bond
Inv# UB1033A Bond
$75 Bond printed by Security Bank Note Co., Philadelphia. Denis Joseph Driscoll (March 27, 1871 – January 18, 1958) was an American lawyer, educator, and politician who served as a Democratic member of the U.S. House of Representatives from Pennsylvania for one term from 1935 to 1937. He was appointed chairman of the Pennsylvania Public Utility Commission for a ten-year term in 1937, and he resigned from this position to accept an appointment in 1940, by the United States District Court for the Southern District of New York, as one of two trustees in the reorganization of the bankrupt Associated Gas and Electric Corporation, and served until August 1946. Read more at https://en.wikipedia.org/wiki/Denis_J._Driscoll
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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