The public ones obtained the funds they needed partly from subsidies and partly from the sale of guaranteed mortgage bonds and the private ones wholly from the sale of mortgage bonds.
Of this amount, nine hundred thousand dollars was to be paid in mortgage bonds of the company; the balance in cash, to as great an extent as cash subscriptions could be secured; the remainder in stock at par.
By virtue of these two points, the holders of equipment bonds possess a great advantage over the holders of mortgage bonds in the event of a railroad's becoming bankrupt.
As a general rule, the net return on the equipment bonds of a given railroad is usually from 1/2 per cent to 3/4 per cent greater than on the first-mortgage bonds of the same railroad.
Bond Sales As a matter of fact, there was no sale at the beginning even for Central Pacific mortgage bonds.
It is all cumulative, and to the effect that no market existed at that time for any of these issues except Central Pacific first mortgage bonds.
In consideration for its advance, Speyer and Company received new first mortgage bonds of the Central Pacific Railroad, of an issue presently to be described.
The above list will hopefully provide you with a few useful examples demonstrating the appropriate usage of "mortgage bonds" in a variety of sentences. We hope that you will now be able to make sentences using this group of words.
