New Orleans and North Eastern Rail Road Co. - 1880-1882 dated Louisiana Railway Stock Certificate - Rough Shape & Close Margins - Very Rare Railroad Item
Inv# RS5562 Stock
Rough Shape and close margins. Stock printed by National Bank Note Co., New York. Cut close to bottom margin. The New Orleans & Northeastern Railroad, designated with no reporting mark, was a Class I railroad operating in Louisiana and Mississippi, United States. It functioned over a distance of 196 miles (315 km) from its establishment in 1883 until its acquisition by the Alabama Great Southern Railroad, a subsidiary of the Southern Railway, in 1969. The railroad was incorporated in Louisiana in 1868 under the name Mandeville & Sulphur Springs Railroad, which was changed in 1870, and in Mississippi in 1871. However, no tracks were constructed during this period, and the company's land remained undeveloped until 1881, when the Alabama, New Orleans, Texas & Pacific Junction Railways Company took control. Construction commenced in 1882, and the line was inaugurated in 1883, connecting New Orleans to Meridian, Mississippi over a span of 196 miles.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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