Gulf, Mobile and Ohio Railroad - Railway Bond
Inv# RB5630 Bond
Specimen Bond. Security Banknote Co. Rare!
The Gulf, Mobile and Ohio (reporting mark GMO) was a Class I railroad in the central United States whose primary routes extended from Mobile, Alabama, and New Orleans, Louisiana, to St. Louis and Kansas City, Missouri, as well as Chicago, Illinois. From its two parallel lines through eastern Mississippi, the GM&O also served Montgomery and Birmingham, Alabama, as well as Memphis, Tennessee.
The Gulf, Mobile and Northern Railroad was created as the reorganization of the New Orleans, Mobile and Chicago Railroad in 1917. The GM&O was incorporated in 1938 to merge the Gulf, Mobile and Northern Railroad and the Mobile and Ohio Railroad, which was accomplished in 1940. The GM&O later bought and merged the Alton Railroad in 1947. Isaac B. Tigrett, a native of Jackson, Tennessee, was president of the GM&N from 1920 and of the GM&O from 1938 to 1952, and oversaw the development of the road from a nearly bankrupt operation into a thriving success. He was the great-uncle of Hard Rock Cafe founder Isaac Tigrett, also a native of Jackson.
From 1952 to 1972 the headquarters of the GM&O were in Mobile, Alabama at 104 St. Francis Street. The President of the GM&O Railroad during this period was G. Paul Brock. The Railroad retained the passenger terminal at Beauregard Street for additional offices. Read more at https://en.wikipedia.org/wiki/Gulf,_Mobile_and_Ohio_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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