Florida Central Railroad - $1,000 Bond (Uncanceled)
Inv# RB5181 Bond
$1,000 7% Bond was payable in U.S. Gold Coin. Uncanceled. Many coupons. The best in lithography. Great color and vignettes by Henry Seibert & Bros., N.Y. Excellent Condition. Extremely Rare and such a popular state! Choice Condition.
The Florida Central Railroad was a railroad company that was originally established as the Florida, Atlantic and Gulf Central Railroad in 1851, and was renamed the Florida Central upon its purchase by carpetbagger George W. Swepson in 1868. It operated a 5 ft (1,524 mm) gauge railroad line between Jacksonville, Florida, and Lake City, Florida. In 1870, it was consolidated into Swepson's Jacksonville, Pensacola and Mobile Railroad (JP&M), which ran from Lake City west to Quincy, Florida. In 1882, both the JP&M and the Central, as it was known, were purchased by Sir Edward Reed, and together became known as the Florida Central and Western Railroad, in 1900 becoming part of the Seaboard Air Line Railway system, a predecessor of CSX. Between April 4, 1993 and August 28, 2005, the line was used by Amtrak's Sunset Limited train. On June 1, 2019, CSX sold most of its Pensacola-Jacksonville main line to the newly formed Florida Gulf & Atlantic Railroad. CSX retained trackage rights on the route.
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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