Port of New York Authority - 1945 dated $1,000 New York Shipping Bond
Inv# GB5047 Bond
$1,000 1 1/2% Bond printed by Columbian Banknote Co.. Three vignettes of female figures, 2 with Coats of Arms and the words Excelsior, Liberty and Prosperity. Available in Brown or Blue. Please specify color.
The Port Authority of New York and New Jersey, (PANYNJ; stylized, in logo since 2020, as Port Authority NY NJ) is a joint venture between the U.S. states of New York and New Jersey, established in 1921 through an interstate compact authorized by the United States Congress. The Port Authority oversees much of the regional transportation infrastructure, including bridges, tunnels, airports, and seaports, within the geographical jurisdiction of the Port of New York and New Jersey. This 1,500-square-mile (3,900 km2) port district is generally encompassed within a 25-mile (40 km) radius of the Statue of Liberty National Monument. The Port Authority is headquartered at 4 World Trade Center in Lower Manhattan.
The Port Authority operates the Port Newark–Elizabeth Marine Terminal, which handled the third-largest volume of shipping among all ports in the United States in 2004, and the largest on the Eastern Seaboard. The Port Authority also operates six bi-state crossings: three connecting New Jersey with Manhattan, and three connecting New Jersey with Staten Island. The Port Authority Bus Terminal and the PATH rail system are also run by the Port Authority, as well as LaGuardia Airport, John F. Kennedy International Airport, Newark Liberty International Airport, Teterboro Airport and Stewart International Airport. The agency has its own 2,232-member Port Authority Police Department. Read more at https://en.wikipedia.org/wiki/Port_Authority_of_New_York_and_New_Jersey
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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