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Sierra Nevada Water and Power Co. - $1,000 Utility 5% Uncanceled Gold Bond

Inv# UB1022   Bond
Sierra Nevada Water and Power Co. - $1,000 Utility 5% Uncanceled Gold Bond
State(s): California
Nevada
Years: 1905

$1,000 5% Gold Bond. 34 of 40 coupons remain. Outstanding! Rare!

The Sierra Nevada is a mountain range in the Western United States, between the Central Valley of California and the Great Basin. The vast majority of the range lies in the state of California, although the Carson Range spur lies primarily in Nevada. The Sierra Nevada is part of the American Cordillera, an almost continuous chain of mountain ranges that forms the western "backbone" of the Americas.

The Sierra runs 400 miles (640 km) north-south and its width ranges from 50 miles (80 km) to 80 miles (130 km) across east–west. Notable features include General Sherman, the largest tree in the world by volume; Lake Tahoe, the largest alpine lake in North America; Mount Whitney at 14,505 ft (4,421 m), the highest point in the contiguous United States; and Yosemite Valley sculpted by glaciers from one-hundred-million-year-old granite, containing high waterfalls. The Sierra is home to three national parks, twenty wilderness areas, and two national monuments. These areas include Yosemite, Sequoia, and Kings Canyon National Parks; and Devils Postpile National Monument.

More than one hundred million years ago during the Nevadan orogeny, granite formed deep underground. The range started to uplift less than five million years ago, and erosion by glaciers exposed the granite and formed the light-colored mountains and cliffs that make up the range. The uplift caused a wide range of elevations and climates in the Sierra Nevada, which are reflected by the presence of five life zones (areas with similar plant and animal communities). Uplift continues due to faulting caused by tectonic forces, creating spectacular fault block escarpments along the eastern edge of the southern Sierra.

The Sierra Nevada has played an important role in the history of California and the United States. The California Gold Rush occurred in the western foothills from 1848 through 1855. Due to its inaccessibility, the range was not fully explored until 1912.

Used in 1542 by Juan Rodríguez Cabrillo to describe a Pacific Coast Range (Santa Cruz Mountains), the term "Sierra Nevada" was a general identification of less familiar ranges toward the interior. In 1776, Pedro Font's map applied the name to the range currently known as the Sierra Nevada.

The literal translation is "snowy mountains", from sierra "a range of mountains", 1610s, from Spanish sierra "jagged mountain range", lit. "saw", from Latin serra "a saw"; and from fem. of Spanish nevado "snowy".

While many mountain ranges are unanimously referred to in the plural (Smokies, Rockies, Cascades, etc.), since Sierra is already pluralized in its native language, some locals who live in "the Sierra" are not hesitant to admonish those who refer to the area as "the Sierras". However, there are historical and literary references that use the plural, such as the 1871 collection of Joaquin Miller poems, Songs of the Sierras.

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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.
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