Turlock Irrigation District - 1902 dated $500 Bond
Inv# GB5720 Bond
$500 5% Gold Bond printed by H.S.C. Rocker & Co.,S.F. Bear vignettes in the 4 corners and gold seal!
Established in 1887, the Turlock Irrigation District is the first publicly owned irrigation district in the state and one of only four in California today that also provides electric retail energy directly to homes, farms and businesses. Organized under the Wright Act, the District operates under the provisions of the California Water Code as a special district. TID is also an independent control area and is governed by a five member Board of Directors.
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