Cabin Creek Kanawha Coal Co. - 1881 dated $1,000 Mining Bond
Inv# GB5187 Bond
WV, 1881, $1,000 Bond. Printed by Henry Seibert & Bro Lith, NY. Rare! Cabin Creek is an unincorporated community in Kanawha County, West Virginia, situated along the south bank of the Kanawha River, where it meets Cabin Creek, just southeast of Chesapeake. The area is notable for being the home of Adam Clayton Powell, Sr., and his family, who relocated to Cabin Creek from Virginia. The community is also near an exit on the West Virginia Turnpike, providing convenient access to the region.
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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