State of Arkansas Levee Bond

Inv# ST1002   Bond
State of Arkansas Levee Bond
State(s): Arkansas
Years: 1871
1871 7% $500 “UNCANCELLED” Bond engraved by the National Bank Note Co.-N.Y. 4 great vignettes including a Superb Steamboat Scene at the top. 57 of the 60 coupons present. Excellent Condition. 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.

Item ordered may not be exact piece shown. All original and authentic.
Price: $275.00
Quantity: