First National Bank, Davenport, Iowa - 1897 dated $600 First Mortgage Coupon Bond
Inv# BK1317 Bond
$600 First Mortgage Coupon Bond. Davenport, Iowa. From 1860 to 1980, Davenport experienced a significant era of industrial and demographic expansion, with an average annual increase of approximately 760 residents. During this time, the city's industries were varied, encompassing the production of locomotives, a prominent meat-packing facility, a Caterpillar loader manufacturing plant, a notable movie-projector factory, as well as the production of wheels for cars and trucks. However, many of these industries have since departed, and since 1980, the population growth has stagnated, remaining around 100,000 for the last four decades.
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