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).
Following those battles, Polk told the U.S. Congress that the âcup of forbearance has been exhausted, even before Mexico passed the boundary of the United States, invaded our territory, and shed American blood upon American soil.â Two days later, on May 13, Congress declared war, despite opposition from some northern lawmakers. No official declaration of war ever came from Mexico. Mexican-American War: U.S. Army Advances Into Mexico At that time, only about 75,000 Mexican citizens lived north of the Rio Grande. As a result, U.S. forces led by Col. Stephen W. Kearny and Commodore Robert F. Stockton were able to conquer those lands with minimal resistance.