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Certificate Features
- Institutional Design: The certificate features a simple yet elegant layout with the emblem of the Municipality of Modena in the top left corner.
- Financial Details: The annual guaranteed yield is clearly stated (22.50 Lire), with semi-annual interest payments.
- Coupons: The lower section contains numbered coupons for interest collection, with detailed schedules and payment amounts.
- Official Signatures: The document is authenticated with the signatures of the Mayor, the Secretary General, and the Chief Accountant.
Historical Context
This bond was issued by the Municipality of Modena in 1879 to finance public works and infrastructure projects. During the post-unification period, Italian municipalities often relied on bond issuance to support urban development and improve citizen services. Modena, with its rich history and cultural heritage, used this financial instrument to foster economic growth.
The certificate reflects the autonomous financing methods of Italian municipalities in the late 19th century, highlighting the direct involvement of citizens in development projects through secure and government-backed financial instruments.
