Miag Mill Machinery Co. 7% Uncancelled $1000 Bond of 1926Inv# FB6470 Bond
$1,000 7% Closed First Mortgage Thirty Year Sinking Fund Gold Bond. Attached Coupons.
The company was founded in 1925 in Frankfurt am Main from the merger of the resident Hugo Greffenius AG with four other grain mill manufacturers:
- Mühlenbauanstalt und Maschinenfabrik vorm. Gebrüder Seck – Dresden-Zschachwitz, founded 1873
- Maschinenfabrik für Mühlenbau, vorm. C.G.W. Kapler Akt.Ges. – Berlin, founded. 1875
- G. Luther, Maschinenfabrik und Mühlenbau (Luther-Werke) – Braunschweig, founded 1875
- Braunschweigische Mühlenbauanstalt Amme, Giesecke & Konegen (AGK) – founded in 1895 by former Luther employees Ernst Amme, Carl Giesecke Julius Konegen
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.