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Durango Central Railroad Co. - dated 1902 $1,000 50 Year 5% Mexico Uncanceled Gold Bond with almost 2 Full Pages of Coupons

Inv# RB7366   Bond
Country: Mexico
State(s): Outside North America
Years: 1902
Color: Green

Uncanceled $1,000 5% Gold Bond printed by American Bank Note Company, New York. Almost 2 full pages of coupons remain. Mexico's rail history began in 1837, with the granting of a concession for a railroad to be built between Veracruz, on the Gulf of Mexico, and Mexico City. However, no railroad was built under that concession. In 1857, Don Antonio Escandón secured the right to build a line from the port of Veracruz to Mexico City and on to the Pacific Ocean. Revolution and political instability stifled progress on the financing or construction of the line until 1864, when, under the regime of Emperor Maximilian, the Imperial Mexican Railway Company began construction of the line. Political upheaval continued to stifle progress, and the initial segment from Veracruz to Mexico City was inaugurated nine years later on January 1, 1873 by President Sebastián Lerdo de Tejada. Read more at https://en.wikipedia.org/wiki/Rail_transport_in_Mexico

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.
Price: $135.00