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Morelia and Tacambaro Railway - Bond (Uncanceled)

Inv# RB5216   Bond
Morelia and Tacambaro Railway - Bond (Uncanceled)
State(s): New Jersey
Years: 1903
$1,000 5% Gold Bond. Uncanceled. Indian Chief at center by Western Bank Note Co. Numerous coupons. Mint Condition. Rare!
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.
Price: $100.00