Western Railroad Co. of Alabama - Stock Certificate
Inv# RS2331 Stock
Stock. Great Printed by Lith of Henry Seibert & Bros., NY!
The Western Railway of Alabama (WRA) also seen as "WofA" was created as the Western Railroad of Alabama by the owners of the Montgomery & West Point Railroad (M&WP) in 1860. It was built to further the M&WP's development West from Montgomery, Alabama to Selma, Alabama. When the line was constructed in 1870, the M&WP was merged into the WRA, creating a line from Selma to West Point, Georgia. It served Auburn, Alabama and connected in Opelika, Alabama to the Central of Georgia line from Columbus, Georgia to Birmingham, Alabama. Although it was partially owned by the Central of Georgia around the turn from the nineteenth to the twentieth century, it did not end up being owned by Norfolk Southern when that company came into existence due to the merger of the CofG's parent, the Southern Railway, and the Norfolk & Western Railway.
In the 1980s, the line and its sister railroads, the Atlanta & West Point Railroad and the Georgia Railroad, became part of the Family Lines System, along with the Seaboard Coast Line Railroad, the Louisville & Nashville Railroad and the Clinchfield Railroad. The lines were all later renamed Seaboard System Railroad, which in 1986 merged with the Chessie System to become CSX Transportation.
The WRA still sees regular freight service. Passenger service ceased January 7, 1970.
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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