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Toledo, Delphos & Burlington Railroad Company - $500 or $1,000 - Bond

Inv# RB5718   Bond
Toledo, Delphos & Burlington Railroad Company - $500 or $1,000 - Bond
State(s): Indiana
Years: 1881
$500 or $1,000 6% Uncancelled Bond printed by Franklin Bank Note Co., NY. Great train vignette shown below is on back side of bond. The Toledo, Cincinnati and St. Louis Railroad (TC&StL) was a narrow-gauge railroad based in Ohio. It began as a subsidiary of the Toledo, Delphos and Burlington Railroad (TD&B), which was opened on July 4, 1875, but in 1882 the two companies merged and retained the TC&StL name, which was more descriptive of its extent. The financially-troubled system was split at foreclosure in 1884 and 1885 as follows: * Cincinnati Division, built by the TD&B: Dayton, Lebanon and Cincinnati Railroad * Cincinnati Northern Division, ex-Cincinnati Northern Railway: Cincinnati, Lebanon and Northern Railway * Dayton Division, completed by the TD&B: Dayton and Toledo Railroad * Iron Division, ex-Iron Railroad: Iron Railway * St. Louis and Toledo Divisions (split at Kokomo), completed by the TC&StL: Toledo, St. Louis and Kansas City Railroad * Southeastern Division, ex-Dayton and South Eastern Railroad: Dayton and Ironton Railroad
Condition: Excellent

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: $150.00