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Indiana Harbor Belt Railroad Co. - Certificate #R1 -$200,000 Railway Mortgage Bond

Inv# RB7272   Bond
Indiana Harbor Belt Railroad Co. - Certificate #R1 -$200,000 Railway Mortgage Bond
State(s): Indiana
Years: 1960

$200,000 5 1/8% Bond printed by Columbian Bank Note Company. Bond #R1!

The Indiana Harbor Belt Railroad (reporting mark IHB) is a Class III railroad in the United States.

The IHB is jointly owned by Conrail Shared Assets Operations (51%) and Canadian Pacific Railway (49%). These shareholders trace their ownership stake in IHB to previous mergers and acquisitions in the railroad industry. Conrail's ownership is traced back to the Penn Central Transportation Company and prior to that, the New York Central Railroad and Pennsylvania Railroad. Canadian Pacific's ownership is through its subsidiary, the Soo Line, which inherited it from the Chicago, Milwaukee, St. Paul and Pacific Railroad (also known as the "Milwaukee Road"). Also, the IHB's northern terminus is the Milwaukee District/West Line in Franklin Park, Illinois, which is operated by Metra and Canadian Pacific. Read more at https://en.wikipedia.org/wiki/Indiana_Harbor_Belt_Railroad

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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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