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Mobile and Alabama Grand Trunk Railroad Co. - $1,000 Bond (Uncanceled)

Inv# RB5213   Bond
Mobile and Alabama Grand Trunk Railroad Co. - $1,000 Bond (Uncanceled)
State(s): Alabama
Years: 1874
$1,000 7% Bond was payable in Gold Coin of U.S. Uncanceled. Also 200 sterling. Five Exceptional and Uncommon vignettes by Continental Bank Note Co., NY. Most coupons remain. Superb Condition. Rare!
The Grand Trunk Railway (GTR) was a railway system which operated in the Canadian provinces of Quebec and Ontario, as well as the American states of Connecticut, Maine, Massachusetts, New Hampshire, and Vermont. The railway was operated from headquarters in Montreal, Quebec; however, corporate headquarters were in London, England.
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: $175.00