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Tenax, Inc. - 1960 dated $1,000 Bond - Still in Business

Inv# GB5699   Bond
State(s): New York
Years: 1960

$1,000 5 3/4% Uncancelled Bond printed by Security-Columbian Banknote Company. Some coupons remain. Still in business.

At the beginning of the sixties, TENAX managed to significantly develop extrusion heads, increasing their dimensions from just 2 up to an impressive 20 inches. In this way TENAX gained world-wide supremacy with products that were totally innovative in mesh width, size, structural resistance and therefore also in their applications. One example of this is OLINET netting, that was designed for the harvesting of olives. Excerpt from their website: https://www.tenaxus.com/en/about/our-history/

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.
Price: $19.00