Pachuca Light and Power Co. - 1916 dated Mexican Utility Bond - Bank of Scotland - Mexico
Inv# FB6170 Bond
Scotland
£100 5% Bond. Pachuca, formally known as Pachuca de Soto, is the capital and largest city of the east-central Mexican state of Hidalgo, located in the south-central part of the state. Pachuca de Soto is also the name of the municipality for which the city serves as municipal seat. Pachuca is located about 90 kilometres (56 mi) north of Mexico City via Mexican Federal Highway 85.
There is no agreed upon consensus regarding the origins of the word pachuca. It has been loosely traced to pachoa ('strait', 'opening'), pachoacan ('place of government', 'place of silver and gold') and patlachuican ('place of factories', 'place of tears').
The official name of Pachuca is Pachuca de Soto in honor of congressman Manuel Fernando Soto, who is credited with the founding of Hidalgo state. Its nickname of La Bella Airosa ("the airy, beautiful") comes from the strong winds that blow through the canyons to the north of the city. In the indigenous Otomi language, Pachuca is known as Nju?nthe. The area had been long-inhabited; apart from some green obsidian, the mining that Pachuca is most famous for began in the mid-16th century, during Spanish colonial rule. Read more at https://en.wikipedia.org/wiki/Pachuca
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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