The Principles of Bond InvestmentHolt, 1927 - 699 pages |
Other editions - View all
Common terms and phrases
American amortization amount assessed valuation assets average basis bond buyer bond houses bond issue bondholders borrower business cycle capital Car Trust cent certificates chapter charges Civil Loans collateral constitution corporation cost coupon Coupon Bonds courts debentures default discount district dividends earnings electric equipment bonds equity exempt factor of safety Federal funded debt government bonds guaranteed holders Income Bonds increase indebtedness industrial interest rate Interstate Commerce Commission investment investor ipal irrigation land less lien limited maturity ment Mortgage Bonds municipal bonds obligations operating outstanding paid payment period premium premium bond principal public utility purchase purposes railroad railway ratio Refunding repudiation require revenues road savings banks selling serial sinking fund South Dakota speculation tax rate taxable taxation tion traffic United usually yield York
Popular passages
Page 335 - A gas corporation or electrical corporation, organized or existing, or hereafter incorporated, under or by virtue of the laws of the State of New York may issue stocks, bonds, notes, or other evidence of indebtedness, payable at periods of more than twelve months after the date thereof, when necessary for the acquisition of property, the construction, completion, extension, or improvement of its plant or distributing system, or for the improvement or maintenance of its service, or for the discharge...
Page 183 - Any county, city, school district, or other municipal corporation, incurring any indebtedness as aforesaid, shall, before or at the time of doing so, provide for the collection of a direct annual tax, sufficient to pay the interest on snch debt, as it falls due, and also to pay and discharge the principal thereof, within twenty years from the time of contracting the same.
Page 200 - It shall be the duty of the Legislature to provide for the organization of cities and incorporated villages, and to restrict their power of taxation, assessment, borrowing money, contracting debts, and loaning their credit, so as to prevent abuses in assessments and in contracting debt by such municipal corporations...
Page 279 - We hold, however, that the basis of all calculations as to the reasonableness of rates to be charged by a corporation maintaining a highway under legislative sanction must be the fair value of the property being used by it for the convenience of the public.
Page 279 - ... so that carriers as a whole (or as a whole in each of such rate groups or territories as the Commission may from time to time designate) will, under honest, efficient and economical management and reasonable expenditures for maintenance of way, structures and equipment, earn an aggregate annual net railway operating income equal, as nearly as may be, to a fair return upon the aggregate value of the railway property of such carriers held for and used in the service of transportation...
Page 251 - ... the bond or evidence of debt is issued pursuant to law and is within the debt limit. No bond or evidence of debt of any county, or bond of any township or other...
Page 229 - All certificates of indebtedness or revenue bonds issued in anticipation of the collection of taxes, which are not retired within five years after their date of issue, and bonds issued to provide for the supply of water, and any debt hereafter incurred by any portion or part of a city, if there shall be any such debt, shall be included in ascertaining the power of the city to become otherwise indebted...
Page 17 - Dollars gold coin of the United States of the present standard of weight and fineness," with interest from date at the rate of four per cent.
Page 228 - And wherever there shall be several political divisions or municipal corporations covering or extending over the same territory, or portions thereof, possessing a power to levy a tax or contract a debt, then each of such political divisions or municipal corporations shall so exercise its power to increase its debt under the foregoing eight per cent, limitation that the aggregate debt over and upon any territory of this State shall never exceed fifteen per centum of the value of all taxable property...
Page 165 - ... this letter with the expression of an opinion of a more general nature. It is, that I believe the citizens of the United States, like all honest men, regard debts, whether public or private, and whether existing at home or abroad, to be of moral as well as legal obligation ; and I trust...