City and County of San Francisco - 1950 dated $1,000 Airport Bond
Inv# GB5744 Bond
$1,000 1 1/4% Airport Bond printed by Schwabacher-Frey Company, San Francisco.
Issued on September 1, 1950, the City and County of San Francisco $1,000 Airport Bond was a key component of a larger 1949 voter-approved initiative. This initiative aimed to fund crucial postwar upgrades at San Francisco International Airport (SFO). The bond featured a decorative vignette of a 1940s propeller aircraft and was signed by Mayor Elmer Robinson. These municipal bonds played a pivotal role in financing the construction of a bustling, modern new terminal, which was designed to accommodate the surge in commercial air travel during that period.
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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