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El Paso Electric Co. - $1,000 Bond

Inv# SE1619   Bond
El Paso Electric Co. - $1,000 Bond
Country: United States
State(s): Texas
Years: 1959
$1000 Specimen Bond printed by Franklin Lee Division - American Bank Note Company; First Mortgage Bond, 5 1/8% Series. Coupons remain at right of bond. Rare!
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.