Black Lake Club Bond with Certificate of Membership - Serial No. 1Inv# CL1106 Bond
Two #1's. #1 Bond of the Black Lake Club for $100 and #1 Certificate of Membership. Fishing, shooting, and hunting club. Sold as a pair.
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.