Carolina Central Railroad Co. - $1,000 Railway Certificate of Indebtedness - Bond
Inv# RB7360 Bond
New York
$1,000 5% Bond printed by F.J. Ficker, Printer, New York. Ink stain.
Both routes that comprise the South Carolina Central were of Seaboard Air Line and Atlantic Coast Line heritage. The oldest segment originally ran from Cheraw through Society Hill and Floyd before ending at Florence. It was constructed by the Cheraw and Darlington Railroad prior to the Civil War. The segment connecting Hartsville to Floyd was built by the Hartsville Railroad in 1890 for the purpose of connecting with the Cheraw & Darlington. Both segments were absorbed into the Atlantic Coast Line by 1900.
The rest of the line from Hartsville to Bishopville was part of the Seaboard Air Line before being merged with the Atlantic Coast Line in 1967 to form the Seaboard Coast Line. The SCL became the Seaboard System in 1983 and CSX Transportation in 1986. CSX sold both lines to RailTex subsidiary South Carolina Central railroad on December 1, 1987. This gave the SCC two disconnected tracks, one running from Cheraw to Society Hill, 12 miles (19 km), and a second line from Florence to Bishopville, 42.4 miles (68.2 km). Read more at https://en.wikipedia.org/wiki/South_Carolina_Central_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.
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