billboard (n.)

[written statement] late 14c., "formal document; formal plea or charge (in a court of law); personal letter," from Anglo-French bille, Anglo-Latin billa "a writing, a list, a seal," from Medieval Latin bulla "decree, seal, sealed document," in classical Latin "bubble, boss, stud, amulet for the neck" (hence "seal"); see bull (n.2).

The sense of "written statement detailing articles sold or services rendered by one person to another" is from c. 1400; that of "order addressed to one person to pay another" is from 1570s. The meaning "paper intended to give public notice of something, exhibited in a public place" is from late 15c. The sense of "paper money, bank-note" is from 1660s. The meaning "draft of a proposed statute presented to a legislature" is from 1510s.

"piece of timber sawn flat and thin, longer than it is wide, wider than it is thick, narrower than a plank;" Old English bord "a plank, flat surface," from Proto-Germanic *burdam (source also of Old Norse borð "plank," Dutch bord "board," Gothic fotu-baurd "foot-stool," German Brett "plank"), perhaps from a PIE verb meaning "to cut." See also board (n.2), with which this is so confused as practically to form one word (if indeed they were not the same word all along).

In late Old English or early Middle English the sense was extended to include "table;" hence the transferred meaning "food" (early 14c.), as "that which is served upon a table," especially "daily meals provided at a place of lodging" (late 14c.). Compare boarder, boarding, and Old Norse borð, which also had a secondary sense of "table" and an extended sense "maintenance at table." Hence also above board "honest, open" (1610s; compare modern under the table "dishonest").

A further extension was to "table where council is held" (1570s), from whence the word was transferred to "leadership council, persons having the management of some public or private concern" (1610s), as in board of directors (1712).

"Bow to the board," said Bumble. Oliver brushed away two or three tears that were lingering in his eyes; and seeing no board but the table, fortunately bowed to that.

The meaning "table upon which public notices are written" is from mid-14c. The meaning "table upon which a game is played" is from late 14c. The sense of "thick, stiff paper" is from 1530s. Boards "stage of a theater" is from 1768.