City of Cherryvale - 1975 dated Unissued Bond - Cherryvale, Kansas
Inv# GB5694 Bond
Various denominations 6% Unissued Bond printed by J.M. Hart Co., Inc., Topeka, Kansas. Coupons attached. Cherryvale is a city in Montgomery County, Kansas, United States. As of the 2020 census, the population of the city was 2,192. Cherryvale was founded on the land of the Osage Indians who were pushed out by veterans of the American Civil War looking for land. The first white man to purchase property and settle here was Mr. Abe Eaton, who later sold it to the Kansas City, Lawrence & Southern Kansas Railroad which then became the Leavenworth, Lawrence & Galveston Railway, and eventually came under the control of the Atchison, Topeka and Santa Fe Railway, which operated the line for much of the 20th century. The town site was platted by the railroad in 1871. It was named Cherryvale from its position in the valley of Cherry Creek. Read more at https://en.wikipedia.org/wiki/Cherryvale,_Kansas
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