Rochester and Syracuse Railroad Co., Inc. - 1917 dated $500 Railway Gold Bond
Inv# RB7330 Bond
$500 5% Gold Bond printed by American Bank Note Company, New York. Full page of coupons remain. The Rochester and Syracuse Railroad was incorporated on August 1, 1850. The Auburn and Rochester Railroad Company was incorporated May 13, 1836, and opened in August 1841. The Auburn and Syracuse Railroad Company was incorporated May 1, 1834, and opened in June 1838. Both railroads combined on August 1, 1850, and the consolidated company constructed the Direct Railway between Syracuse and Rochester. The rail was consolidated into The New York Central Railroad Company under the act of 1853. Read more at https://en.wikipedia.org/wiki/Rochester_and_Syracuse_Railroad
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.
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