New Orleans Great Northern Railway - 1933 dated Louisiana Railroad Bond
Inv# RB5613 Bond
$1,000 Bond. Nice color & graphics by Security Banknote Co. Very attractive!! The East Louisiana Railroad (officially the East Louisiana Railroad Company), chartered in 1887, was a railroad in Louisiana and Mississippi, United States. It was formed to connect Pearl River, Louisiana, to Covington, Louisiana, and Lake Pontchartrain.
The company played a key role in the 1896 case of Plessy v. Ferguson by arranging for Homer Plessy, a black man, to board a whites-only passenger car. In 1889, the company chartered trains to a boxing match between John L. Sullivan and Jake Kilrain. In 1905, it was merged into the New Orleans Great Northern Railway. Read more at https://en.wikipedia.org/wiki/East_Louisiana_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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