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Cairo and Norfolk Railroad Company Bond - Only 1 Available

Inv# RB5163   Bond
Cairo and Norfolk Railroad Company Bond - Only 1 Available
State(s): Kentucky
Years: 1908
$100 5% Gold Uncancelled Bond. Written in both English and French. Collins Prss. 30 or so coupons. *****Cairo & Norfolk.—It is the Intention of this new company to build an independent trunk line from the Mississippi river at or near the mouth of the Ohio in Kentucky through Kentucky and Virginia to the Atlantic seaboard at Norfolk, Va., about 850 miles. Branch lines aggregating 700 or 800 miles are also planned as feeders. The plans for immediate work contemplate the construction of about 400 miles of main line from Wlckliffe and Fort Jefferson, Ky., about four miles south of Cairo, 111., to some point on the Kentucky-Virginia line, probably Bristol. Preliminary lines have been run over the territory and it is stated that a direct route is easily obtained with low grades and every advantage to heavy traffic. It is the intention to construct the line according to most approved standards with heavy rail, steel and concrete bridges and rock ballasted track. The route lies through a large number of thriving towns in Kentucky and traverses the rich tobacco growing sections of the state. L. W. Goode, president, 111 Broadway, New York.**** (Noted April 10, 1908.)
Condition: Excellent

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.

Item ordered may not be exact piece shown. All original and authentic.
Price: $175.00