Vermont and Massachusetts Railroad Co. - $1,000 Bond Receipt
Inv# RB7352B Bond
Vermont
Unissued $1,000 5% Bond Purchase Receipt. The Vermont and Massachusetts Railroad was chartered in 1844 and immediately merged the Brattleborough and Fitchburg Railroad of Vermont into itself. The first section, from Fitchburg to Baldwinville, opened in 1847 and was operated by the Fitchburg Railroad until 1849. Further extensions opened to Athol and Miller's Falls in 1848, and to Brattleboro, Vermont, in 1850. Later in 1850, a branch from Grout's Corner west to Greenfield opened. A short branch to Turner's Falls opened in 1870 or 1871.
The original main line north from Miller's Falls was leased to the Rutland Railroad in 1870, which leased itself to the Vermont Central Railroad in 1871, which became the Central Vermont Railroad in 1872. This was a continuation of the New London Northern Railroad, built south from Miller's Falls in 1867 and also leased to the Vermont Central in 1871.
In 1874 the Fitchburg Railroad leased the rest of the V&M, extending its line west to Greenfield (and beyond via the Troy and Greenfield Railroad - see below). Read more at https://en.wikipedia.org/wiki/Fitchburg_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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