Michigan Central Railroad Company transferred to Maria Louisa Niven (Vanderbilt) - $5,000 - BondInv# AG1885 Bond
$5,000 5% Bond printed by American Bank Note Co., New York. Transferred to Maria Louisa Niven (Vanderbilt). Daughter of Cornelius Vanderbilt and Sophia Johnson Vanderbilt. 1st husband Horace F. Clark, married in Apr 1848, he died in 1873. 2nd husband Robert J. Niven, married in 1875, he died in 1885. She had one child with 1st husband, Maria Clark, born 1850. She had a step-daughter, Charlotte E. Niven, born in 1846. Charlotte married a Count de Ser in France in 1888.
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.