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State of Indiana - Lafayette and Indianapolis Rail Road Co. - $1,000 Bond

Inv# RB5073   Bond
State(s): Indiana
Years: 1851
Color: Blk on Blue paper

$1,000 Railroad Bond. City of Lafayette to finance the railroad. Printed on blue paper. Small vignettes at corners. Early and rare!!!

This abandoned railway line, originally between Indianapolis and Lafayette, was built by the Lafayette and Indianapolis Railroad in 1850. Over the years and due to mergers, the line was owned by a number of railroads during its operation:

  • Indianapolis, Cincinnati and Lafayette Railroad, 1867
  • Cincinnati, Chicago and St Louis Railroad, 1880
  • Cleveland, Cincinnati, Chicago and St Louis Railroad (the Big Four), 1889
  • New York Central Railroad, 1930
  • Penn Central Railroad, 1968
  • Conrail, 1976

The line hosted Abraham Lincoln's inaugural train in 1861 and his funeral train in 1865.

It was abandoned in two stages: Lebanon to Zionsville in 1976 (Docket USRA-574), and Lafayette to Lebanon in 1985 (Docket AB-167-637-N).

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Condition: Good

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: $50.00