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New York, Lackawanna & Western Railway - 1970's-80's dated Railroad Bond - Various Denominations Available

Inv# RB5093   Bond
State(s): New York
Years: 1970's-80's
Color: Green or Blue

Various Denominations 4 or 4 1/2% Gold Bond printed by American Bank Note Company. Vignette of eagle perched on rock. Never seen on the market. Rare!!! Available in Green or Blue. Please specify color.

The "New York, Lackawanna and Western Railroad" was chartered on August 26, 1880, and opened on September 17, 1882, to continue the DL&W from Binghamton west and northwest to Buffalo. The main line ran to the International Bridge to Ontario, and a branch served downtown Buffalo. A spur from Wayland served Hornellsville (Hornell). On December 1, 1903, the DL&W began operating the Erie and Central New York Railroad, a branch of the Oswego line from Cortland Junction east to Cincinnatus. That same year, it also began to control the Bangor and Portland Railway. By 1909, the DL&W controlled the Bangor and Portland Railway. This line branched from the main line at Portland, Pennsylvania southwest to Nazareth, with a branch to Martins Creek. Read more at https://en.wikipedia.org/wiki/Delaware,_Lackawanna_and_Western_Railroad

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Condition: Good

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: $5.00