Rio Grande Irrigation and Colonization Co. - 1889 dated $1,000 New Mexico Territory Bond
Inv# GB5153 Bond
$1,000 5% First Mortgage Gold Bond. Printed by New York Bank Note Co. Nice!!! The Rio Grande in the United States or the Río Bravo (del Norte) in Mexico is one of the principal rivers (along with the Colorado River) in the southwestern United States and in northern Mexico. The length of the Rio Grande is 1,896 miles (3,051 km), making it the 4th longest river in the United States and in North America by main stem. It originates in south-central Colorado, in the United States, and flows to the Gulf of Mexico. The Rio Grande drainage basin (watershed) has an area of 182,200 square miles (472,000 km2) however, the endorheic basins that are adjacent to and within the greater drainage basin of the Rio Grande increase the total drainage-basin area to 336,000 square miles (870,000 km2).
The Rio Grande with its fertile valley, along with its tributaries, is a vital watersource for seven US and Mexican states, and flows primarily through arid and semi-arid lands. After traversing the length of New Mexico, the Rio Grande becomes the Mexico–United States border, between the U.S. state of Texas and the northern Mexican states of Chihuahua and Coahuila, Nuevo León and Tamaulipas; a short segment of the Rio Grande is a partial state-boundary between the U.S. states of New Mexico and Texas. Since the mid–twentieth century, only 20 percent of the Rio Grande's water reaches the Gulf of Mexico, because of the voluminous consumption of water required to irrigate farmland (e.g. the Mesilla and Lower Rio Grande Valleys) and to continually hydrate cities (e.g. Albuquerque); such water usages are additional to the reservoirs of water retained with diversion dams. 260 miles (418 km) of the river in New Mexico and Texas are designated as the Rio Grande Wild and Scenic River. Read more at https://en.wikipedia.org/wiki/Rio_Grande
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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