United States 1934 - New Jersey 1 Dollar City of Asbury Park Tax Anticipation Note Recovery Bond Specimen (March 31 Issue)
The engraved legal text states that the City of Asbury Park, a municipal corporation of the State of New Jersey, for value received acknowledges itself indebted and promises to pay to bearer the sum of One Dollar. The note was issued at the office of the City Treasurer and does not bear interest prior to maturity, consistent with its intended use as a rapidly redeemable anticipation instrument. It is expressly acceptable in payment for and discharge of any taxes thereafter payable to the city, reinforcing its dual function as both a municipal obligation and a fiscal settlement medium. Read more →