St. Louis, Des Moines and Northern Railway Co. - Stock Certificate
Inv# RS5461
Stock
State(s):
Iowa
Missouri
Years:
1882
Stock printed by State Register Printing House, Des Moines. This line was originally built by the St. Louis, Des Moines and Northern Railway in 1882. Ownership of the line passed through successive hands via various mergers and bankruptcies/consolidations:
- Des Moines and Northern Railway in 1889
- Des Moines, Northern and Western Railway in 1891
- Chicago, Milwaukee and Saint Paul Railroad in 1899
- Chicago, Milwaukee, St. Paul and Pacific Railroad in 1927
- Norfolk and Western Railroad in 1988
- Norfolk Southern Railway in 1998
The line was actually abandoned by the CMStP&P in 1980 as part of its bankruptcy reorganization, but was soon brought back to service by the Norfolk and Western in 1988.
The Norfolk Southern abandoned a portion of the right-of-way around Grimes in 2012. (From Abandonedrails.com)
Condition:
Excellent
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
Item ordered may not be exact piece shown. All original and authentic.
OUT OF STOCK
Ebay ID: labarre_galleries