Choctaw, Oklahoma & Gulf Railroad $1000 Bond - SOLDInv# RB5035A
PMG Graded Unissued Bond, 58 EPQ Choice About Uncirculated. The Choctaw, Oklahoma and Gulf Railroad (CO&G), known informally as the "Choctaw Route," was an American railroad located in located in Tennessee, Arkansas, and Oklahoma. The company, originally known as the Choctaw Coal and Railway Company, completed its main line between Memphis, Tennessee, and western Oklahoma by 1900. In 1901 the CO&G chartered a subsidiary company, the Choctaw, Oklahoma and Texas Railroad, to continue construction west into the Texas panhandle, and by 1902 the railroad had extended as far west as Amarillo.
The CO&G came under the control of the Chicago, Rock Island and Pacific Railroad (the "Rock Island") in 1902, and it was formally merged into the Rock Island on January 1, 1948. The Memphis-Amarillo route remained an important main line for the Rock Island, hosting local and transcontinental freight traffic as well as passenger trains such as the Choctaw Rocket. Substantial portions of the former Choctaw Route were abandoned after the Rock Island was dissolved in 1980. Other segments of the former CO&G, however, remain in use by the Union Pacific Railroad and various short lines.
The former Choctaw Route passenger depot in Little Rock, Arkansas, is now a component of the William J. Clinton Presidential Center and Park, though the adjoining historic freight depot was razed as part of the Clinton Center's development.
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.
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