Canada Southern Railway Co. - 1886 dated $10,000 Canadian Railroad Bond
Inv# RB5227A Bond
$10,000 5% Bond. printed by American Bank Note New York. Certificate #2! Truly Gorgeous!!! The Canada Southern Railway (AAR reporting marks CASO) was a railway in southern Ontario, Canada, originally founded as the Erie and Niagara Extension Railway on February 28, 1868, before adopting the Canada Southern Railway name on December 24, 1869. In 1904, it was leased to the Michigan Central Railroad for 99 years and subsequently subleased to the New York Central Railroad in 1929 for 999 years. Control of the railway later passed to its successors, Penn Central (formed in 1968) and Conrail (formed in 1976). On April 30, 1985, the Canadian National Railway and Canadian Pacific Railway jointly purchased the former CASO from Conrail to obtain control of the Michigan Central Railway Tunnel and the Suspension Bridge at Niagara Falls. After the acquisition, the CASO rarely operated its own rolling stock, and its reporting mark was officially discontinued in 1977.
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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