Pere Marquette Transportation Co. - 1897 dated $1,000 Shipping Bond - Always Trimmed into Top Border
Inv# SB5017 Bond
Always trimmed into top border. $1,000 6% Morgage Bond. This was a transportation company which operated railroad car ferries on Lake Michigan for ten years. It was merged into the Pere Marquette Railroad. The company organized in 1896 and dissolved in 1906. This was a car ferry operation. Read more at https://michiganrailroads.com/railroads-in-history/484-n-p/3907-pere-marquette-transportation-company-the
The Pere Marquette Railway (reporting mark PM) was a railroad that operated in the Great Lakes region of the United States and southern parts of Ontario in Canada. It had trackage in the states of Michigan, Ohio, Indiana, and the Canadian province of Ontario. Its primary connections included Buffalo; Toledo; and Chicago. The company was named after Jacques Marquette, a French Jesuit missionary who founded Michigan's first European settlement, Sault Ste Marie.
The Pere Marquette Railroad was incorporated on November 1, 1899, in anticipation of a merger of three Michigan-based railroad companies that had been agreed upon by all parties. It began operations on January 1, 1900, absorbing the following companies:
- Flint & Pere Marquette Railroad (F&PM)
- Detroit, Grand Rapids & Western Railroad (DGR&W)
- Chicago & West Michigan Railway (C&WM)
Read more at https://en.wikipedia.org/wiki/Pere_Marquette_Railway
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.
Ebay ID: labarre_galleries