Mobile and Alabama Grand Trunk Railroad Co. - 1874 dated $1,000 7% Railway Gold for Sale

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Mobile and Alabama Grand Trunk Railroad Co. - 1874 dated $1,000 7% Railway Gold For Sale

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Mobile and Alabama Grand Trunk Railroad Co. - 1874 dated $1,000 7% Railway Gold :
$225.00

$1,000 7% Bond was payable in Gold Coin of U.S. Uncanceled. Also 200 sterling. Five Exceptional and Uncommon vignettes by Continental Bank Note Co., NY. Most coupons remain. Superb Condition. Rare! This railroad operated from 1866 to 1886. It then became part of the Mobile and West Alabama Railroad. The railroad of Mobile and Birmingham Railroad Company, herein called the Mobile and Birmingham, is a single-track road located wholly within the State of Alabama and extending from a connection with the Southern at Marion Junction to Mobile. The property, leased to and used entirely by the Southern, embraces 148.361 miles of first main and 31.944 miles of yard and side tracks, a total of 180.305 miles of all tracks. In addition this company owns jointly with others 0.614 mile of yard and side track which the Southern uses jointly with the other joint owners. Incorporation of the Mobile and Birmingham was effected under the general laws of the State of Alabama (Code of Alabama 1886, Sections 1596-1597) by T. G. Bush, Joseph Price, Cecil Braithwaite, Joshua King, Walter Smith, Richard White, and William F. Dunning, hereinafter referred to as the purchasers, through filing articles of incorporation with the secretary of state on July 2, 1895. It was incorporated for the purpose of acquiring the property, rights, and franchises, of the Mobile and Birmingham Railway Company which had been purchased at a foreclosure sale by the purchasers on April 27, 1895. This property was acquired by deed dated July 2, 1895. The organization of the Mobile and Birmingham was perfected on July 2, 1895. The Mobile and Birmingham Railway Company, which was the immediate predecessor. Read more at Item ordered may not be exact piece shown. All original and authentic.