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West Virginia Midland Railroad - 1906 dated Railway Bond (Uncanceled)

Inv# RB5349   Bond
West Virginia Midland Railroad - 1906 dated Railway Bond (Uncanceled)
State(s): West Virginia
Years: 1906
Color: Green and Black

$1000 5% Gold Uncanceled Bond. Printer-E.A. Wright Bank Note Co-Philadelphia, PA. Nice Graphics! The West Virginia Midland Railroad was chartered in 1905 with initial capital of $500,000. Executives planned to build a railroad from Sutton on the B&O Railroad southwest via Webster Springs to Marlington, a distance of about fifty miles (80 km). Incorporators were Col. John T. McGraw of Grafton, former Congressman C. P. Dorr, J.E. Woddell of Webster Springs, G. A. Hechner of Palmer, and C. D. Elliott of Parkersburg. Read more at https://en.wikipedia.org/wiki/West_Virginia_Midland_Railroad

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: $124.50