State of North Carolina - 1941 dated $1000 Specimen Permanent Improvement Bond
Inv# SE1316 Bond
Bond Specimen. Very Rare! Mentions Sanatorium. A sanatorium, also sanitarium or sanitorium, is a historic name for a specialised hospital for the treatment of specific diseases, related ailments, and convalescence. Sanatoriums are often in a healthy climate, usually in the countryside. The idea of healing was an important reason for the historical wave of establishments of sanatoria, especially at the end of the 19th- and early 20th centuries. One sought, for instance, the healing of consumptives especially tuberculosis (before the discovery of antibiotics) or alcoholism, but also of more obscure addictions and longings of hysteria, masturbation, fatigue and emotional exhaustion. Facility operators were often charitable associations such as the Order of St. John and the newly founded social welfare insurance companies. Read more at https://en.wikipedia.org/wiki/Sanatorium
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.
Ebay ID: labarre_galleries