New Orleans and North Eastern Rail Road Co. - 1880-1882 dated Louisiana Railway Stock Certificate - Close Margins - Very Rare Railroad Item
Inv# RS5562 Stock
Stock printed by National Bank Note Co., New York. Cut close to bottom margin. The New Orleans & Northeastern Railroad (reporting mark NONE) was a Class I railroad in Louisiana & Mississippi in the United States. The railroad operated 196 miles (315 km) of road from its completion in 1883 until it was absorbed by the Alabama Great Southern Railroad subsidiary of the Southern Railway in 1969.
The New Orleans & Northeastern Railroad was incorporated in 1868 in Louisiana (under the name of Mandeville & Sulphur Springs Railroad until 1870) & 1871 in Mississippi. No track was built, however, & the company's land lay unused until 1881, when control of the company was acquired by the Alabama, New Orleans, Texas & Pacific Junction Railways Company. Construction on the line began in 1882. The line opened in 1883 & extended 196 miles from New Orleans to Meridian, Mississippi. Read more at https://en.wikipedia.org/wiki/New_Orleans_and_Northeastern_Railroad
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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