Mexican Electric Light Co. Limited - 1916 dated Deposit Receipt for $1,000 5% First Mortgage Gold Bond
Inv# FB6169 Bond
Scotland
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 https://archive.org/stream/mexicanyearbook00unkngoog/mexicanyearbook00unkngoog_djvu.txt
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.
Ebay ID: labarre_galleries