Louisiana Electric Light Co. - Gorgeous Utility New Orleans $1,000 Gold BondInv# GB5033 Bond
$1,000 6% Gold Bond printed by American Bank Note Co., New York & Boston. Super Graphics. Female figure at bottom center & male figures at top center, both with lightning bolts. Also large early light bulb. Most coupons remain.
The Louisiana Electric Light Co. provided arc and incandescent electric lighting and power to the citizens of New Orleans from a plant that was located on Market Street between South Peters and Water Streets. It is now the site of Entergy's Market Street generating plant.
Entergy Corporation is a Fortune 500 integrated energy company engaged primarily in electric power production and retail distribution operations in the Deep South of the United States. Entergy is headquartered in New Orleans, Louisiana, and generates and distributes electric power to 3 million customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of $11 billion and employs more than 13,000 people.
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.