Sierra Railroad Co. - 1936 dated $1,000 Bond
Inv# RB7598
Bond
State(s):
California
Years:
1936
$1,000 5% Sinking Fund Income Bond. "The maximum rate of interest payable hereon for each of the years 1940, 1941, 1942 and 1943 has been reduced to three per cent (3%) of the principal hereof."
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.
Ebay ID: labarre_galleries