Cooperstown and Susquehanna Valley Railroad - 1888 dated New York Railway Bond (Uncanceled) - Town of the Baseball Hall of Fame
Inv# RB5318 Bond
$100 5% Uncanceled Bond printed by Homer Lee Bank Note Co.- NY. Great Title! Right Edge has less margin. The Cooperstown and Charlotte Valley Railroad Company (reporting mark CACV) is a heritage railroad in New York operated by the Leatherstocking Chapter of the National Railway Historical Society (NRHS) since 1996.
In 1865 the Articles of Association for the Cooperstown and Susquehanna Valley R.R. Company (C&SVRR) were filed. The stated purpose was to construct a railroad "from a point at or near the Village of Cooperstown to a point at or near Colliersville forming a junction with the Albany and Susquehanna Rail Road". In February 1868 work was started on the line. However, the first train was not run until July 14, 1869. The road was broad gauge (6 ft (1,829 mm)) to be compatible with the Albany & Susquehanna. On May 28, 1876, the entire 16 miles (26 km) was "narrowed up", "the work being completed by 4 p.m."
On June 6, 1880, the enginehouse of the C&SVRR burned, damaging the road's two engines and destroying a baggage car. The names of the engines were "The Otsego" and "Middlefield". Read more at https://en.wikipedia.org/wiki/Cooperstown_and_Charlotte_Valley_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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