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New Orleans City Railroad Co. - circa 1900's Railway Specimen Stock Certificate

Inv# SE1289   Bond
State(s): Louisiana
Years: (1900 or so)
Color: Brown

Specimen Stock printed by American Bank Note Company, New York. Nice! Rare! Streetcars in New Orleans have been an integral part of the city's public transportation network since the first half of the 19th century. The longest of New Orleans' streetcar lines, the St. Charles Avenue line, is the oldest continuously operating street railway system in the world. Today, the streetcars are operated by the New Orleans Regional Transit Authority (RTA).

There are currently five operating streetcar lines in New Orleans: The St. Charles Avenue Line, the UPT-Riverfront Line, the Canal Street Line (which has two branches), and the Rampart-Loyola Line. The St. Charles Avenue Line is the only line that has operated continuously throughout New Orleans' streetcar history (though service was interrupted after Hurricane Katrina in August 2005 and resumed only in part in December 2006, as noted below). All other lines were replaced by bus service in the period from the late 1940s to the early 1960s. Preservationists were unable to save the streetcars on Canal Street, but were able to convince the city government to protect the St. Charles Avenue Line by granting it historic landmark status. In the later 20th century, trends began to favor rail transit again. A short Riverfront Line started service in 1988, and service returned to Canal Street in 2004, 40 years after it had been shut down. Read more at https://en.wikipedia.org/wiki/Streetcars_in_New_Orleans

 

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: $130.00