County of Lawrence - 1887 dated Dakota Territory Bond - Now Lawrence County, South Dakota
Inv# GB5166 Bond
Western Mining Bond. Various Denominations. Valley & mountain scene with town. Varying # of hole cancellations. Rare!! Lawrence County was established on January 11, 1875, and organized in 1877. It was named in honor of "Colonel" John Lawrence, who became the county's first treasurer in 1877. Before his role in Lawrence County, Lawrence had served in the Dakota Territorial Legislature, as Sergeant at Arms for the United States House of Representatives, and as a U.S. Marshal for the Dakota Territory. After retiring, he continued to contribute to the community as a county road supervisor and election judge. The title "Colonel" was an honorary designation awarded by the governor of the Dakota Territory.
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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