Atlanta and West Point Railroad Co. - 1881-1901 dated Railway Bond - Certificate of Indebtedness - Various Denominations
Inv# RS5061
Bond
Bond or Certificate of Indebtedness. Atlanta, Georgia. The Atlanta and West Point Rail Road (reporting mark AWP) was a railroad in the U.S. state of Georgia, forming the east portion of the Atlanta-Selma West Point Route. The company was chartered in 1847 as the Atlanta and LaGrange Rail Road and renamed in 1857; construction of the 5 ft (1,524 mm) gauge line was begun in 1849-50 and completed in May 1854. A large minority interest owned by the Georgia Railroad and Banking Company eventually passed under the control of the Atlantic Coast Line Railroad (ACL), which later acquired a majority of the stock.
In the late 20th century restructuring, through the Seaboard Coast Line Railroad (SCL), successor to the ACL, the A&WP came under the Family Lines System banner in 1972. Years later in June 1983, it was merged into the Seaboard System Railroad, successor to the SCL. The former A&WP property is now owned by CSX Transportation. In 1967 A&WP reported 232 million revenue ton-miles of freight and 3 million passenger-miles on 93 miles (150 km) of road operated. Read more at https://en.wikipedia.org/wiki/Atlanta_and_West_Point_Railroad
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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