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Company directors sent shareholders a prospectus inviting subscriptions for debenture bonds.
Whatever debenture bonds were.
I struggled to be part of the crowd, just another wage-slave going to work, thinking only of profit and loss and debenture bonds.
To finance the Club went ahead with the proposed issue of 15 Second Debenture Bonds (at 5%), each of £100.
The railway cost £48,000 which Gordon raised by means of £36,000 in shares and £12,000 in debenture bonds.
During those nine months ended last June, Metropolitan raised $76 million in debenture bonds and issued an additional $22 million in preferred stock.