Investment Bonds: Their Issue and Their Place in Finance : a Book for Students, Investors, and Practical Financiers

Forside
G.P. Putnam's Sons, 1908 - 253 sider
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Side 42 - That the Secretary of the Treasury is hereby authorized to borrow on the credit of the United States...
Side 221 - ... in the name and behalf of the Commonwealth and under its seal, to an amount not exceeding forty thousand dollars, for a term not exceeding forty years.
Side 219 - net indebtedness " shall mean the indebtedness of a county, city, town or district, omitting debts created for supplying the inhabitants with water and other debts exempted from the operation of the law limiting their indebtedness, and deducting the amount of sinking funds available for the payment of the indebtedness included.
Side 163 - Company may be required to pay thereon or retain therefrom under any present or future law of the United States or of any state, county or municipality therein.
Side 192 - In the stocks or bonds or interest-bearing obligations of this State, issued pursuant to the authority of any law of the State. 3. In the stocks or bonds or interest-bearing obligations of any State of the United States which has not within ten years previous to making such investment by such corporation defaulted in the payment of any part of either principal or interest of any debt authorized by the legislature of any such State to be contracted...
Side 195 - shall be held to mean all bonds, certificates of indebtedness, national-bank currency, coupons, United States notes, treasury notes, fractional notes, certificates of deposit, bills, checks or drafts for money, drawn by or upon authorized officers of the United States...
Side 192 - January first, eighteen hundred seventy-eight, defaulted for more than ninety days in the payment of any part either of principal or interest, of any bond, note or other evidence of indebtedness, 1 Quoted from New York Hanking Law by Frank C.
Side 233 - The Mayor, Comptroller, Chamberlain, President of the Board of Aldermen and the Chairman of the Finance Committee of the Board of Aldermen for the time being shall constitute and be denominated the Board of Commissioners of the Sinking Fund of The City of New York.
Side 236 - ... sinking fund commissioners purchase from the city its bonds at the time they are offered for sale? We answer this question in the negative. We agree with the city attorney that there is no statute forbidding in express words such purchase, but we are of the opinion that such a purchase is so radically inconsistent with the essential character of the sinking fund, and so destructive of the purposes to be conserved by its maintenance, that it must be held that the prohibition is necessarily implied....

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