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new Lake Shore and Michigan Southern Railway Company - Bond

Inv# RB5076A   Bond
New Item!
Lake Shore and Michigan Southern Railway Company - Bond
State(s): Michigan
Years: 1920-38
$1,000 3 1/2% Railroad Bond printed by American Bank Note Company, New York. Top portrait of Wm K Vanderbilt. Large train scene at bottom. Issued to various insurance companies.
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.
Price: $25.00