Lebanon Springs Railroad - Bond (Uncanceled)

Inv# RB5346 Bond

State(s): New York

Years: 1867

$1000 7% Uncanceled Bond. At least 52 of 60 coupons remain. Printer-R.C. Root, Anthony & CO-NY. Great Early Bond!!! The Lebanon Springs Railroad Company, chartered in 1852, consolidated with the Bennington & Rutland Railroad Company in 1870 to form the Harlem Extension Railroad Company, with Bennington to Chatham service. A succession of mergers and acquisitions involving the New York, Boston and Montreal Railroad Company, the New York, Rutland & Montreal RR, the Lebanon Springs RR and the Chatham & Lebanon Valley RR, ended in 1901 with the "Chatham Division" now part of the Rutland Railroad. The New York Central Company assumed control of the Rutland in 1904.

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.

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