Tavares, Apopka and Gulf Railroad Co. - $1,000 BondInv# RB6000 Bond
$1,000 6% Gold Bond payable “in gold coin of the United States.” Great Title! A very rare bond from a Rare State! Superb graphics including Steam Locomotive on both bond and coupons plus a very cute dog at the title. Very Important Bond.
Tavares, Apopka and Gulf Railway Company, was purchased by the Seaboard Air Line Railway in 1926 and merged with the Atlantic Coastline System in 1967. Vegetables and produce were the main products transported on the line in the late 19th century which gained the title the “Tug and Grunt.” The entire line was abandoned in 1969.
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.