Delaware and Hudson Railroad Co. - 1963 dated $1,000 Railway Mortgage Bond
Inv# RB5051 Bond
$1,000 5 1/2% Railroad Bond printed by American Bank Note Company. Two female figures at sides of oval encircling an unusual group of tall buildings. Scarce!!!
The Delaware and Hudson Railway (D&H), identified by the reporting mark DH, is a railroad that functions within the Northeastern region of the United States. In 1991, following over 150 years of independent operation, the D&H was acquired by the Canadian Pacific Railway (CP). CP manages D&H through its subsidiary, Soo Line Corporation, which also oversees the operations of the Soo Line Railroad. The name D&H is derived from the 1823 charter of incorporation in New York state, which established "The President, Managers and Company of the Delaware & Hudson Canal Co." This charter authorized the creation of "water communication" between the Delaware River and the Hudson River. Often referred to as "The Bridge Line to New England and Canada," D&H provided a vital connection between New York and Montreal, Quebec, as well as New England. Additionally, D&H is recognized as "North America's oldest continually operated transportation company."
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
Ebay ID: labarre_galleries