Delaware and Hudson Railroad Co. - 1963 dated $1,000 Railway Mortgage Bond
Inv# RB5051 Bond
$1,000 5 1/2% Railroad Bond printed by American Bank Note Company. Two female figures at sides of oval encircling an unusual group of tall buildings. Scarce!!!
The Delaware and Hudson Railway (D&H) (reporting mark DH) is a railroad that operates in the Northeastern United States. In 1991, after more than 150 years as an independent railroad, the D&H was purchased by the Canadian Pacific Railway (CP). CP operates D&H under its subsidiary Soo Line Corporation which also operates Soo Line Railroad.
D&H's name originates from the 1823 New York state corporation charter listing "The President, Managers and Company of the Delaware & Hudson Canal Co." authorizing an establishment of "water communication" between the Delaware River and the Hudson River.
Nicknamed "The Bridge Line to New England and Canada," D&H connected New York with Montreal, Quebec and New England. D&H has also been known as "North America's oldest continually operated transportation company." Read more at https://en.wikipedia.org/wiki/Delaware_and_Hudson_Railway
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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