El Paso Electric Company - SOLD

Inv# SE1619   Bond
El Paso Electric Company - SOLD
Country: United States
State(s): Texas
Years: 1954
Color: Blue
$1000 Specimen Bond; Printed by Franklin Lee Division - American Bank Note Company; First Mortgage Bond, 3 1/8% Series Due 1984 - SOLD
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.