bond-basics

Specimen Bond

A Bond which is not authenticated by the Trustee or Paying Agent and which is frequently specifically identified as a Specimen Bond and is provided in the Closing Transcripts.

Hudson Yards Rail Yards

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Shamberg Powers

The powers identified in Commissioner v. Shamberg’s Estate, 144 F.2d 998 (2d Cir. 1944) as the powers used to identify what is a political subdivision of a state or local governmental entity in the United States, specifically, the power of eminent domain, the power to tax, and the police power.