Kansas City, Wyandotte and Northwestern Railroad Co. - 1888 dated $1,000 Railway Gold Bond
Inv# RB7414 Bond$1,000 5% Gold Bond printed by American Bank Note Company, New York. Almost all coupons attached. Rare! This railroad was in operation from 1889 until 1894, after which it became part of the Kansas City Northwestern Railroad, which existed from 1893 to 1910. Subsequently, the line was integrated into the Missouri Pacific Railroad, known by the reporting mark MP and commonly referred to as MoPac. This railroad was among the earliest established in the United States west of the Mississippi River. MoPac was classified as a Class I railroad, evolving through numerous predecessors and mergers.
By 1967, it managed 9,041 miles of road and 13,318 miles of track, excluding DK&S, NO&LC, T&P, and its subsidiaries C&EI and Missouri-Illinois. On January 8, 1980, Union Pacific Corporation, the parent entity of the Union Pacific Railroad, reached an agreement to acquire the Missouri Pacific Railroad. However, legal challenges from rival railroads postponed the merger's approval until September 13, 1982. Following the Supreme Court's refusal to grant a trial to the Southern Pacific, the merger was finalized on December 22, 1982. Nevertheless, due to the outstanding bonds of the Missouri Pacific, its complete integration into the Union Pacific Railroad was not officially recognized until January 1, 1997.
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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