First Hebrew municipal promissory note, Va'ad Moshavot Petach Tikva. 1911

First Hebrew municipal promissory note, Va'ad Moshavot Petach Tikva. 1911
First Hebrew municipal promissory note. Fundraising for infrastructure to provide water to the colony, with a heter iska, from the Vaad HaMoshavot Petach Tikva. 1911. Signed by the council heads.
[1] leaf. 26x15 cm. Written on both sides, with 5 (of 8) stubs stamped for annual redemption.The certificate is signed by Shlomo Zalman Gissin, president; Yehoshua Stampfer, secretary; B. Machlis, treasurer. With an Ottoman revenue stamp for 20 piastres. The document is written exclusively in Hebrew.
Petach Tikvah was the first colony in Palestine. It was founded in 1878 as an agricultural settlement. One of its primary problems was securing funds and building a water supply, and much effort was invested in these two areas - as Yoel Moshe Solomon described in his diary.In 1911, an agreement was signed between the colony's council and Bezalel Yaffe, in which Yaffe agreed to establish a central water pumping plant to provide water for the orchards around the colony in return for a 30-year concession. Bezalel Yaffe traveled to Egypt to learn about pumping water. This document indicates that he also raised funds from local Jews for this project while he was there.This promissory note was purchased by Mordechai Moshli during Yaffe's visit to Egypt. Moshli was the grandson of Rabbi Avraham Eliezer Moshli, a descendant of the Chozeh of Lublin and son of Zerach Alter Moshli, a founder of the Neveh Tzedek neighborhood and clockmaker, the one who put the clock in the Jaffa clock tower. This historic document testifies to the Vaad HaMoshavot's careful observance of the mitzvot via the heter iska.
Very fine condition.