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Chicago and North Western Railway Co. - Bond

Inv# RB7237   Bond
Chicago and North Western Railway Co. - Bond
State(s): Illinois
Years: 1939
Color: Olive
$1,000 Olive 4 1/2% Bond printed by American Bank Note Company. Much of the former Rock Island system in Iowa was acquired by the former Chicago and North Western Railway Co. The former Rock Island main line across Iowa from Chicago to Davenport to Council Bluffs and Omaha is now operated by the Iowa Interstate Railroad. In 1867 the Chicago, Iowa and Nebraska Railroad, which later became the Chicago and North Western Railway Co. was the first railroad to build tracks across Iowa. The Chicago and North Western Railway Co. merged with the Union Pacific Railroad Co. in April 1995.
Condition: E.F. with minor flaw

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: $35.00