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Rock Island and Peoria Railway - Bond

Inv# RB5577   Bond
Rock Island and Peoria Railway - Bond
State(s): Illinois
Years: 1885
$1,000 Bond. American Bank Note Co., NY. Very rare!! Rock Island and Peoria Railway (R I & P), which was sold to the Chicago, Rock Island and Pacific Railway - Built from Peoria to Coal Valley, Illinois, (79 miles) via Keller (now part of Peoria), Alta, Dunlap, Princeville, Wady Petra, Stark, Wyoming, Toulon, Lafayette, Galva, Bishop Hill, Ulah, Cambridge, Osco, Orion, and Crampton by 1872. "The Rock Island & Peoria Railway ran between the towns of the same name from 1877 to 1903. It was nicknamed simply 'The Peoria Route.'”

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: $129.00