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Mexican Electric Light Co. Limited - 1916 dated Deposit Receipt for $1,000 5% First Mortgage Gold Bond

Inv# FB6169   Bond
Mexican Electric Light Co. Limited - 1916 dated Deposit Receipt for $1,000 5% First Mortgage Gold Bond
Country: Mexico
Years: 1916
Color: Red on Green Paper

Deposit Receipt for $1,000 5% First Mortgage Gold Bond. Tills  Company  has,  under  Federal  and  Municipal  concessions,  acquired  the  right to  the  exclusive  and  perpetual  use  of  the  Necaxa,  Tenaneo,  and  adjacent  rivers  in Mexico  for  the  purpose  of  generating  electricity,  (&)  to  distribute  electricity  for  power and  lighting  purposes  throughout  the  Federal  District  of  Mexico  (about  400  square miles),  (c)  to  construct  transmission  lines  to  any  point  in  the  Republic  of Mexico,  and  (d)  to  expropriate  the  lands  required  for  its  lines,  stations,  etc.  It acquired  the  undertaking  and  assets  of  the  Mexican  Electric  Works,  Limited, together  with  the  capital  of  the  Mexican  Electric  Light  Co.,  Ltd.,  and  the properties  and  business  of  the  Robert  Electric  Co.  (its  only  competitor  in the  Federal  District  of  Mexico).  The  Company  is  at  present  supplying  all  the  electricity used  for  light  and  power  in  the  City  of  Mexico  and  the  surrounding  Federal District,  the  streets  in  the  city  being  lighted  under  contract  until  February,  1917. The  towns  of  Atzcapotzales,  Tacubaya,  Mixcoax,  San  Angel,  and Guadalupe  in  the State  of  Hidalgo,  and  El  Oro  in  the  State  of  Mexico,  this  being  supplied  with  light and  power,  as  also  mining  camps  near  El  Oro  in  the  State  of Michoacan.  This company guarantees  the  $6,000,000  Bonds  of  the  Mexican  Electric  Light  Co.,  Ltd.

In  1910  the  Company  acquired  the  Compafiia  Electrica  e  Irrigadora  en  el  Estado c^e  Hidalgo,  which  distributes  electric  energy  in  the  important mining  district  of Pachuca. Read more at

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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.