Agawam Canal Co. - 1875 Springfield Massachusetts $500 Canal Bond
Inv# CN1034 Bond
$500 7% Bond. Springfield, Mass. Springfield is the largest city in and the seat of Hampden County, Massachusetts, United States. Springfield sits on the eastern bank of the Connecticut River near its confluence with three rivers: the western Westfield River, the eastern Chicopee River, and the eastern Mill River. At the 2020 census, the city's population was 155,929, making it the third-largest city in the Commonwealth of Massachusetts and the fourth-most populous city in New England after Boston, Worcester, and Providence. Metropolitan Springfield, as one of two metropolitan areas in Massachusetts (the other being Greater Boston), had a population of 699,162 in 2020.
Springfield was founded in 1636, the first Springfield in the New World. In the late 1700s, during the American Revolution, Springfield was designated by George Washington as the site of the Springfield Armory because of its central location. Subsequently it was the site of Shays' Rebellion. The city would also play a pivotal role in the Civil War, as a stop on the Underground Railroad and home of abolitionist John Brown, widely known for his raid on Harpers Ferry, and for the Armory's manufacture of the famed "Springfield rifles" used ubiquitously by Union troops. Closing during the Lyndon B. Johnson administration, today the national park site features the largest collection of historic American firearms in the world. Read more at https://en.wikipedia.org/wiki/Springfield,_Massachusetts
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.
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