North American Water Works and Electric Corporation - $1,000 Utility Bond
Inv# UB1026 Bond
$1,000 6% Gold Bond printed by Central Banknote Company. 17 coupons remain.
Water supply is the provision of water by public utilities, commercial organisations, community endeavors or by individuals, usually via a system of pumps and pipes. Public water supply systems are crucial to properly functioning societies. These systems are what supply drinking water to populations around the globe. Aspects of service quality include continuity of supply, water quality and water pressure. The institutional responsibility for water supply is arranged differently in different countries and regions (urban versus rural). It usually includes issues surrounding policy and regulation, service provision and standardization.
The cost of supplying water consists, to a very large extent, of fixed costs (capital costs and personnel costs) and only to a small extent of variable costs that depend on the amount of water consumed (mainly energy and chemicals). Almost all service providers in the world charge tariffs to recover part of their costs.
Water supply is a separate topic from irrigation, the practice and systems of water supply on a larger scale, for a wider variety of purposes, primarily agriculture.
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.
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