Raleigh and Gaston Railroad - North Carolina Railway Stock Certificate
Inv# RB7153 Bond
$1,000 5% Gold Bond printed by Franklin Bank Note Company, N.Y. All 100 coupons remain. The Raleigh and Gaston Railroad was a Raleigh, North Carolina, based railroad opened in April 1840 between Raleigh and the town of Gaston, North Carolina, on the Roanoke River. It was North Carolina's second railroad (the Wilmington and Weldon Railroad opened one month earlier). The length was 100 miles (160 km) and built with 4 ft 8 in (1,422 mm) gauge. Part of the Raleigh and Gaston's tracks remains in service today as part of CSX's S Line as the Norlina Subdivision of CSX's Florence Division.
Construction on the line began in 1836. At the north end, the line initially crossed the Roanoke River near Roanoke Rapids on a 1,040-foot long bridge to connect the line to Gaston. In Gaston, it connected with the Greensville and Roanoke Railroad (which was operated by the Petersburg Railroad). In 1852, the line was extended from Roanoke Rapids east to Weldon. Read more at https://en.wikipedia.org/wiki/Raleigh_and_Gaston_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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