State of Arkansas Levee - $500 Bond (Uncanceled)Inv# SO1002 Bond
$500 7% “UNCANCELED” Bond engraved by the National Bank Note Co.-N.Y. 4 great vignettes including a Superb Steamboat Scene at the top. Most coupons remain. Scarce!
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.