County of Passaic - $1,000 Bond - Road, Bridge and County Building Bond of 1934Inv# GB5675 Bond
Trimmed Top Edge. $1,000 5% Bond printed by Quayle & Son, New York. Passaic County is a county in the U.S. state of New Jersey that is part of the New York metropolitan area. As of the 2020 United States census, the county was the state's eighth-most-populous county, with a population of 524,118, its highest decennial count ever and an increase of 22,892 (+4.6%) from the 2010 census count of 501,226, which in turn reflected an increase of 12,177 (+2.5%) from the 489,049 counted in the 2000 census. The most populous place in Passaic County is Paterson, with 159,732 residents at the 2020 Census, more than 30% of the county's population, while West Milford covered 80.32 square miles (208.0 km2), the largest total area of any municipality and more than 40% of the county's area. The county is part of the North Jersey region of the state. Read more at https://en.wikipedia.org/wiki/Passaic_County,_New_Jersey
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.