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Detroit, Pontiac, Lapeer and Northern Railway Co. - $1,000 Bond

Inv# RB7353   Bond
Detroit, Pontiac, Lapeer and Northern Railway Co. - $1,000 Bond
State(s): Michigan
Years: 1901

$1,000 5% Gold Bond printed by Cooke Bank Note Eng. Co., N.Y. All but 5 coupons remain. 50 cents revenue stamp on back.

Pontiac is a city in and the county seat of Oakland County in the U.S. state of Michigan. As of the 2010 census, the city had a total population of 59,515. A northern suburb of Metro Detroit, Pontiac is about 20 miles (32.2 km) northwest of Detroit.

Founded in 1818, Pontiac is notably the second European-American organized settlement in Michigan in close proximity to Detroit, second only to Dearborn. It was named after Pontiac, a war chief of the Ottawa people, who had occupied the area before the European-American settlers. The city was best known for its General Motors automobile manufacturing plants of the 20th century, which were the basis of its economy and contributed to the wealth of the region. These included Fisher Body, Pontiac East Assembly (a.k.a. Truck & Coach/Bus), which manufactured GMC products, and the Pontiac Motor Division. In the city's heyday, it was the site of the primary automobile assembly plant for the production of the famed Pontiac cars, a brand that was named after the city. The Pontiac brand itself was discontinued in 2010 by General Motors. The City of Pontiac also was home to Oakland Motor Car Company, which was acquired by General Motors in 1909.

In 1975, the city built the Pontiac Silverdome, the stadium that hosted the Detroit Lions of the National Football League from 1975 to 2001, when the team returned to Downtown Detroit at Ford Field. Super Bowl XVI was played at the Silverdome in 1982. After 2001, the stadium continued to be used for concerts and other events until it was demolished in 2018.

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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.
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