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new Newhall Land and Farming Company - 1970-1978 dated Registered Bond - Various Denominations

Inv# AR1133   Bond
New Item!
State(s): California
Years: 1970-1978
Color: Orange, Brown or Purple

$5,000 orange, $2,000 brown or $1,000 purple 6% Bond printed by Jeffries Banknote Company. Please specify color.

The Newhall Land and Farming Company is a land management company based in Valencia, Santa Clarita, California, United States. The company is responsible for the master community planning of Valencia and previously developed other areas such as Canyon Country and Newhall which together with Saugus and Valencia would merge to create the city of Santa Clarita in 1987. The company is also responsible for the management of farm land elsewhere in the state.

The company was incorporated on July 1, 1883, by the five sons of Henry Newhall (William, Edwin, Henry, Walter, and George), a businessman who had purchased a number of former Mexican land grants. Newhall died young, the previous year, after building the railway with San Francisco industrialist Tom Donahue linking San Francisco and San Jose and several successful enterprises. Newhall Road still parallels the railway in Santa Clara and San Francisco counties. The company initially had 143,000 acres (58,000 ha) of land, ranging from Monterey to Los Angeles counties. The income generated by ranching was not enough to support the families of all five sons in the lifestyle they had grown up with, and they began to sell off portions of their vast holdings in order to generate income. In 1968 the family company retained 120,000 acres (49,000 ha) of California real estate after the sale of the 1,000,000 acre Baca Grant in Colorado in early 1960. Read more at https://en.wikipedia.org/wiki/Newhall_Land_and_Farming_Company

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: $18.00