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Old Colony and Newport Railway Co. - $1,000 and $500 - Bond

Inv# RB7257   Bond
State(s): Massachusetts
Years: 1866 and 1864

Unissued $1,000 6% or $500 5% Bond. Please select which type you would like. Coupons remain at bottom.

The Old Colony and Newport Railway was formed in July 1863 when the Old Colony and Fall River Railroad merged with the Newport and Fall River Railroad, which had been incorporated in 1846 to build a road from Newport, Rhode Island to the Massachusetts state line at Fall River. However, the road from Fall River to the Rhode Island state line was not authorized by the Commonwealth of Massachusetts until 1860. The newly formed and renamed Old Colony and Newport Railway Company completed the final section of the line from Fall River to Newport which finally opened for service on February 5, 1864.

In 1865, the Old Colony and Newport Railway Company acquired the Dighton and Somerset Railroad. It completed a new, more direct route between Fall River and Boston via South Braintree on September 24, 1866. Part of the new route was over the Easton Branch Railroad between Stoughton and North Easton. In 1871 the Old Colony purchased the Easton Branch. A portion of the old Granite Railway line was acquired in 1870 and later extended to form a loop through West Quincy off the original Plymouth line. In 1872, the Old Colony & Newport Railway Corporation built the Shawmut Railroad as a connection between the Dorchester and Milton Branch and the main line to Boston. Read more at https://en.wikipedia.org/wiki/Old_Colony_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: $35.00