Canada Southern Railway Co. - 1878 dated Railroad Certificate towards Convertible Interest Bearing Bonds
Inv# RS5080A Stock
Stock. Early! The Canada Southern Railway (reporting mark CASO), also known as CSR, was a railway in southwestern Ontario, Canada, founded on February 28, 1868 as the Erie and Niagara Extension Railway. Its name was changed to Canada Southern Railway on December 24, 1869. The 1868 Act specified that it was to be constructed at a broad gauge of 5 ft 6 in (1,676 mm), but that requirement was repealed in the 1869 Act, thus allowing construction at the standard gauge of 4 ft 8+1?2 in (1,435 mm).
The railway was leased to the Michigan Central Railroad (MCR) for 99 years in 1883; in 1929 it was subleased to the New York Central Railroad (NYC). Its successors Penn Central (formed 1968) and Conrail (formed 1976) later exercised control before being sold to Canadian National Railway/Canadian Pacific Railway in 1985. Read more at https://en.wikipedia.org/wiki/Canada_Southern_Railway
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.
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