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Auction Date:2010 Apr 15 @ 11:00 (UTC-4 : AST/EDT)
Location:Crowne Plaza Hotel. 401 South Van Brunt St, Englewood, New Jersey, 07631, United States
Iowa, 1874, Unique Specimen Bond in archive. $1,000. 1st Mortgage, 2nd Series, 6%, Registered Bond, Interest Deferred. Brown border w/ train vignette. POC's. Faults and small tears and missing pieces on the top margin due to archival storage. Homer Lee BNC. VG condition. Listed bond as issued in Cox, this was the only Specimen found. Very early Homer-Lee BNC Printed document.
Auction Location:
Crowne Plaza Hotel. 401 South Van Brunt St, Englewood, New Jersey, 07631, United States
Previewing Details:
Monday through Wednesday, April 12th to 15th, 2010 – 9:00 AM to 7:00 PM
Thursday, April 15th, 2010 – 8:00 AM to 7:30 PM
Friday, April 16th, 2010 – 8:30 AM to 10:30 AM
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
18% |
Additional Fees:
Shipping Details:
No Info Available
Payment Details:
No Info Available
BIDDING
1. Unless announced otherwise by the auctioneer, all bids are per lot,
as numbered in the printed Catalogue. Archives International Auctions,
as agent for the consignor or vendor, shall regulate the bid
ding and shall determine the manner in which the bidding shall be
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or agent), to re-offer any withdrawn lot, to divide a lot or to
group two or more lots belonging to the same consignor or vendor,
and to refuse any bid believed not made in good faith. Estimates of
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judgment of Archives International Auctions and are not minimum
or upset prices.
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(b) The highest bid acknowledged by the auctioneer shall prevail.
Should a dispute arise between bidders (including a dispute be
tween a floor bidder and the auctioneer acting on behalf of a
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who the successful bidder is and whether to reoffer the
lot in dispute. Should a dispute arise after the sale, the auction
eer’s sale records shall be conclusive. On all lots sold, a commission
of 18% on the hammer price is payable by the buyer to
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(and consignors or vendors) but shall not be liable for errors
and omissions in executing instructions to bid, however received,
and whether such errors or omissions be those of the
bidder or agent or those of the auctioneer.
(b) Lots may be offered subject to a reserve price. The auctioneer
may implement such reserve price by bidding on behalf of the
consignor vendor.
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monies against the sale of their consigned material and
Archives International Auctions therefore has a security interest
in the consigned material over and above the normal auction
commission.
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there of as Archives International Auctions shall require, shall
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in such other manner as Archives International Auctions may
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of such lot.
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Auctions within three (3) business days of receipt of the
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known to Archives International Auctions at its option may have
purchases delivered or forwarded for immediate payment (by a
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by Archives International Auctions as agents for the consignor
or vendor.
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and no credit is extended; a late payment charge of 2% per
month or fraction thereof shall be added if payment is not made
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(b) In the event that a bidder shall fail to comply with these Conditions
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respect to which such failure to comply occurs, Archives International
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treaty at such time as Archives International Auctions, in its sole
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price and the net proceeds of a sale to a subsequent purchaser,
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including commissions with respect to both sales, whether
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sole discretion to determine whether to re-offer the lot
theretofore hammered-down to a Non-Complying Bidder at the
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auction conducted by Archives International Auctions. In
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(c) A defaulting purchaser shall be deemed to have granted Archives
International Auctions a security interest in property in Archives
International Auctions possession owned by such purchaser.
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New Jersey Uniform Commercial Code with respect to such property
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received by it for the account of, or due from Archives International
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is authorized to file a Financing Statement in order to perfect
its rights as a secured party.
(d) If Archives International Auctions takes any legal steps to secure
payment of a delinquent account, the defaulting purchaser shall
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Auctions to secure such payment, including but not
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delinquent account.
(e) Unless otherwise acceptable to Archives International Auctions,
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certified check, credit card (Visa or MasterCard only) and a bank
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EXHIBITION AND INSPECTION OF LOTS; QUALITY AND AUTHENTICITY
7. (a) On Premises Inspection only. Ample opportunity is given for on
premises inspection prior to the auction date, and, upon written
request and at Archives International Auctions discretion.
(b) Each lot is sold as genuine and correctly described, based on
individual description as modified by any specific notations in this
Catalogue.
(c) Quality. Any lot which a purchaser considers to be incorrectly described
may be returned to Archives International Auctions within
two weeks of its receipt by such purchaser (“Returning Purchaser”),
provided, however, that the same is received by
Archives International Auctions within four weeks of the date of
the auction; however, Archives International Auctions may, in its
discretion, refuse acceptance of such returned lot. If an opinion
of a generally recognized authority is desired, the period of time
within which a lot must be received by Archives International Auctions
will be extended in accordance with Condition of Sale 8. In
the event that a dispute cannot be resolved by reference to a
generally recognized authority, and Archives International Auctions
thereupon undertakes to re-offer the lot with a description
identical to thedescription disputed, the Returning Purchaser
shall be liable for the deficiency, if any, between the proceeds of
the sale to the Returning Purchaser and the proceeds of a sale
to a subsequent purchaser, as well as for all costs and expenses
of the re-sale, including commission, and all incidental damages.
Any lot, the description of which is disputed, must be returned intact
in the condition received by the purchaser. The following lots
are not returnable except at the discretion of Archives International
Auctions: (i) lots from purchasers who attended the exhibition
of the lots; (ii) lots examined by postal viewers; (iii) lots on
account of their appearance, if they are illustrated in this Catalogue;
or (iv) lots described as having repairs, defects or faults
for any reason.
(d) Authenticity. Any lot which is declared otherwise than genuine by
a generally recognized authority is returnable, provided such lot
is received by Archives International Auctions within four weeks
of the date of the auction. Proof that a generally recognized authority
declines to express an opinion is normally grounds for the
return of a lot.
(e) Expenses incurred a purchaser in the submission and the return
of a lot under Conditions of Sale 7 are not subject to refund.
SALES TAX
8. Unless presentation of satisfactory proof that it is exempted by law,
a purchaser shall pay to Archives International Auctions New Jersey
or New York State and local sales taxes, or any compensating use
taxes of any other State claiming jurisdiction. A purchaser shall indemnify
Archives International Auctions and hold it harmless of and
from any claims of any jurisdiction for sales taxes relating to the purchase
of articles at the auction, whenever the same may arise.
APPLICABLE LAW, JURISDICTION, ETC.
9. All matters arising out of this auction shall be governed by the laws
of the State of New Jersey without giving effect to the choice of law
principles thereof.
ARBITRATION
10. Any controversy or claim arising out of or relating to this auction shall
be settled by arbitration in the City of New York, State of New York in
accordance with the Rules of the American Arbitration Association
and judgment upon the award rendered by the Arbitrator or Arbitratorsmay
be entered in any Court having jurisdiction.
JURISDICTION AND VENUE OF ACTIONS
11. The purchaser at this auction (a) consents and submits to the jurisdiction
of the Courts of the State of New Jersey or New York and of
the Courts of the United States for a judicial district within the territorial
limits of the State of New Jersey for all matters arising out of this
auction sale, including, without limitation, any action or proceeding
instituted for the enforcement of any right, remedy, obligation and liability
arising under or by reason thereof; and (b) consents and submits
to the venue of such action or proceeding in the City of Hackensack,
County of Bergen, State of New Jersey (or such judicial district
of a Court of the United States as shall include the same, and (c) further
consents that service of process in any action relating thereto
may be effected by registered mail, return receipt requested address
to the purchase at the address given to the auctioneer at the time of
the sale.
BIDDING STEPS
12. Bidding Steps shall be as follows:
BIDS BY TELEPHONE
(a) Must be confirmed in writing unless waived by the auctioneer.
(b) Any errors are the responsibility of the bidder.
(c) No bids accepted less than 1 hour before the commencement of
the sale.
BIDS BY FAX OR EMAIL
Bids must be received 1 hour before sale commences — be sure to
use(201) 871-4345 or
PHONE BIDDING DURING THE SALE
Phone bidding space is limited and available on a first come, first served
basis.
The importance of reserving early cannot be overstated!
Please call us at (201) 567-1130 to reserve your phone bidding space