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Lebanon Springs Railroad Co. - 1881 dated New York Railway $500 Bond

Inv# RB7402   Bond
State(s): New York
Years: 1881

$500 6% Bond printed by Henry Seibert & Bro., N.Y. Two train vignettes! The Rutland Railroad (reporting marks RUT, R) was a railroad in the northeastern United States, located primarily in the state of Vermont but extending into the state of New York at both its northernmost and southernmost ends. After its closure in 1961, parts of the railroad were taken over by the State of Vermont in early 1963 and are now operated by the Vermont Railway.

The earliest ancestor of the Rutland, the Rutland & Burlington Railroad, was chartered in 1843 by the state of Vermont to build between Rutland and Burlington. When the Vermont legislature created the state railroad commissioner in 1855 to oversee railway construction, maintenance, and operations, the first person appointed to the position was Charles Linsley, the Rutland and Burlington's counsel, and a member of its board of directors. A number of other railroads were formed in the region, and by 1867 the Rutland & Burlington Railroad had changed its name to simply the Rutland Railroad. Read more at https://en.wikipedia.org/wiki/Rutland_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.
Price: $50.00