Stato Pontificio - Bond of the Papal States dated 1826
Inv# AM1275 Bond
Bond of the Papal States. The Papal States (/ˈpeɪpəl/ PAY-pəl; Italian: Stato Pontificio; Latin: Dicio Pontificia), officially the State of the Church (Italian: Stato della Chiesa; Latin: Status Ecclesiasticus), were a series of territories in the Italian Peninsula under the direct sovereign rule of the pope from 756 until 1870. They were among the major states of Italy from the 8th century until the unification of Italy, between 1859 and 1870.
The state had its origins in the rise of Christianity throughout Italy, and with it the rising influence of the Christian Church. By the mid-8th century, with the decline of the Byzantine Empire in Italy, the Papacy became effectively sovereign. Several Christian rulers, including the Frankish kings Charlemagne and Pepin the Short, further donated lands to be governed by the Church. During the Renaissance, the papal territory expanded greatly and the pope became one of Italy's most important secular rulers as well as the head of the Church. At their zenith, the Papal States covered most of the modern Italian regions of Lazio (which includes Rome), Marche, Umbria and Romagna, and portions of Emilia. These holdings were considered to be a manifestation of the temporal power of the pope, as opposed to his ecclesiastical primacy. Read more at https://en.wikipedia.org/wiki/Papal_States
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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