Courses of Study in Corporation Finance And Investment

Investment Bankers Association of America Educati

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Optional?
Principal where payable ?
Interest payable when ? where ?
Law issued under Denomination ?
Are bonds tax exempt ? where ?
May bonds be registered as to principal? interest?. .
Any deposits required ?
Assessed valuation, real and personal property, for 191 $ True value (estimated) taxable property .... $ Total bonded debt, including this issue $ Floating debt $ Amount of bonds outstanding (included in above) issued for Water Works, owned by City $ Sinking fund held against Water Bonds... $ Sinking fund held against other bonds $ Population State or U. S. Census, 191 Population estimated 191 Private Sale sometimes not permitted by legislative act.
Public Sale.
Advertising for bids. All or none bidders. Awarding the bonds.
Bid price must be par or better, European practice not so.
There is perhaps the beginning of a willing- ness with us to permit municipal bonds to be [109] sold at a discount. Minnesota, for example, permits it under some circumstances. See Fischer, "Selling Over the Counter" In- vestment Bankers Association Annual Re- port, 1913.

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