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Columbus and Lake Erie Railroad Co. - $50 Interesting Bearing Note dated 1850 - Bond

Inv# OB1610   Bond
Columbus and Lake Erie Railroad Co. - $50 Interesting Bearing Note dated 1850 - Bond
State(s): Ohio
Years: 1850

$50 Bond printed by Rawdon, Wright, Hatch & Edson, Cincinnati. This railroad started operations in 1845 to 1854. Successor was the Sandusky, Mansfield, and Newark Railroad which began in 1846. It ran in Ohio from Sandusky to Newark. It was taken under control by the Baltimore and Ohio Railroad (B&O Railroad) in 1869. The B&O Railroad built a new mainline in the 1890s west from Willard. It lowered the line from mainline status. The Sandusky, Mansfield, and Newark Railroad was operated into the 1970s and 80s. Some parts are still in use. For example: Newark to Mt. Vernon and Mansfield to Willard. Other parts are abandoned. Read more at https://en.wikipedia.org/wiki/Sandusky,_Mansfield_and_Newark_Railroad

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.
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