Highway Bond Calculations

Author : Laurence I. Hewes
Publisher : Forgotten Books
ISBN 13 : 9781390874297
Total Pages : 164 pages
Book Rating : 4.8/5 (742 download)

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Download or read book Highway Bonds written by Laurence I. Hewes and published by Forgotten Books. This book was released on 2018-09-13 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Highway Bonds: A Compilation of Data and an Analysis of Economic Features Affecting Construction and Maintenance of Highways Financed by Bond Issues, and the Theory of Highway Bond Calculations The practice of issuing bonds for highway and bridge construction by counties and their subdivisions has become common. In counties, or per cent Of all the counties in this country, there were outstanding highway bonds on January 1, 1914. The total amount of such bonds voted,1 as ascertained by the Office of Public Roads up to that date, was 07 3, of which township bonds alone amounted to The amount of outstanding local highway bonds on January 1, 1913, was approximately This amount was increased during the year 1913 by current issues noted below, but was also slightly decreased by maturing payments. The county highway bond is essentially a municipal bond; that is, a bond issued by a public corporation. Statistics indicate that all municipal bonds Constitute about 20 per cent Of the total of all bonds issued, while Government bonds are about 10 per cent. Municipal bonds are regarded as excellent investments and are frequently used by banks as a second reserve. The amount of highway bonds issued is indicated by comparison with the of irrigation and drainage bonds authorized in the interval from 1907 to 1912, inclusive. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.