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Michigan Central Railroad - $1,000 Bond

Inv# RB7426   Bond
Michigan Central Railroad  - $1,000 Bond
State(s): Michigan
Years: 1854

$1,000 8% Bond with green seal. Some with coupon attached.

Condition: Good

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: $129.00