railroad aid bonds

railroad aid bonds
Bonds issued on the public credit in obtaining funds for railroad aid 43 Am J1st Pub Sec § 64.

Ballentine's law dictionary. . 1998.

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  • aid bonds — County or municipal bonds issued in aid of a private enterprise, such as a railroad, in the interest of the public. People ex rel. Danville, Olney & Ohio River Railroad Co. v Granville, 104 Ill 285, 288. See railroad aid bonds …   Ballentine's law dictionary

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  • bond — A certificate or evidence of a debt on which the issuing company or governmental body promises to pay the bondholders a specified amount of interest for a specified length of time, and to repay the loan on the expiration date. A long term debt… …   Black's law dictionary

  • bond — A certificate or evidence of a debt on which the issuing company or governmental body promises to pay the bondholders a specified amount of interest for a specified length of time, and to repay the loan on the expiration date. A long term debt… …   Black's law dictionary

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