Southern Railway Co. - Division of Mobile & Ohio Railroad - 1971-1980 dated Stock Certificate
Inv# RS5287A Stock
Virginia
Stock printed by American Bank Note Company. Rare Certificate pertaining to Mobile & Ohio Railroad. Scarce type! The Mobile and Ohio Railroad was a railroad in the Southern U.S. The M&O was chartered in January and February 1848 by the states of Alabama, Kentucky, Mississippi, and Tennessee. It was planned to span the distance between the seaport of Mobile, Alabama and the Ohio River near Cairo, Illinois. On September 13, 1940 it was merged with the Gulf, Mobile and Northern Railroad to form the Gulf, Mobile and Ohio Railroad. At the end of 1925 M&O operated 1,161 miles (1,868 km) of road and 1,536 miles (2,472 km) of track; that year it reported 1785 million ton-miles of revenue freight and 49 million passenger-miles. Read more at https://en.wikipedia.org/wiki/Mobile_and_Ohio_Railroad
The Southern Railway – Carolina Division was one of the first railroads chartered in the United States. The South Carolina Canal and Rail Road Company was chartered in South Carolina in 1827, eventually building a 136-mile (219 km) line from Charleston, South Carolina, to Hamburg, South Carolina. It merged with the Louisville, Cincinnati and Charleston Railroad in 1843 to become the South Carolina Railroad. In 1881, the line was reorganized as the South Carolina Railway. After entering receivership in 1889, it was reorganized once again five years later as the South Carolina and Georgia Railroad.
Southern Railway gained control of the line in 1899. The South Carolina and Georgia Railroad remained separate corporation until May 1902, when it was consolidated with several other lines controlled by Southern. Southern Railway obtained a 999-year lease of the line in 1902, which is still in effect. In December 1990, the Southern changed its name to Norfolk Southern Railway. In 1996, the Southern Railway – Carolina Division merged into the renamed Norfolk Southern Railway, bringing an end to the Southern Railway – Carolina Division. Read more at https://en.wikipedia.org/wiki/Southern_Railway_%E2%80%93_Carolina_Division
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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