General obligation bonds are a type of municipal government bond, which is government debt issued to raise money to finance public improvements. A general obligation bond is a municipal bond backed by the credit and taxing power of the issuing jurisdiction, rather than the revenue from a given project.
The Mexican-American War began because of a clash between the Mexican Army and the US Army in the disputed border area called the Neuces Strip (See the Thornton Affair-see Related Link shown below).
In response to a Mexican massacre of an American army detachment in disputed territory, the U.S. Congress declared war on May 13, 1846; Mexico followed suit on 23 May. The MexicanâAmerican War took place in two theatres: the western (aimed at California) and Central Mexico (aimed at capturing Mexico City) campaigns.