Jacksonville, Tampa and Key-West Railway - Fantastic 1890 dated $1,000 6% 50 Year Florida Railroad Gold Bond (Uncanceled)
Inv# RB7034 Bond$1,000 Uncanceled 6% Gold Bond printed by American Bank Note Company, New York. 2 full pages of coupons attached. Absolutely Gorgeous.
The Jacksonville, Tampa and Key West Railway was a network of railroads and steamboats operating in Florida, USA, during the late 19th century. By 1899, most of its routes were integrated into the Plant System, followed by incorporation into the Atlantic Coast Line Railroad in 1902. Today, a significant portion of this line is still operational, now functioning as CSX Transportation's Sanford Subdivision. Incorporated in 1879, the Tampa, Peace Creek and St. Johns River Railroad was granted a charter to construct a railway connecting Jacksonville and Tampa. The Jacksonville, Tampa and Key West Railway was established in 1871 and obtained its railway charter from the aforementioned railroad. Construction of the rail line from Jacksonville to Palatka commenced in March 1883, with regular operations starting in March 1884. The railway was built to a 5-foot gauge to align with the Plant System Waycross and Florida Railroad, which it connected to in Jacksonville. In 1885, the Jacksonville, Tampa and Key West Railway expanded its route from Palatka to Sanford, utilizing the right-of-way of the Palatka and Indian River Railway Company. The line traversed the St. Johns River a few miles south of Palatka, proceeding southward along the eastern bank of the river to the northern edge of Lake Monroe, before crossing back over the river and continuing a few miles to Sanford, where it linked with the South Florida Railroad. Regular service to Sanford commenced in February 1886.
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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