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1976 Lake Shore & Michigan Southern Railroad -New York Central- bond certificate

1976 Lake Shore & Michigan Southern Railroad -New York Central- bond certificate

$ 7.91

Availability: 100 in stock
  • Return shipping will be paid by: Buyer
  • Refund will be given as: Money Back
  • Condition: It is in very good condition. There are no rips or tears. All writing/markings are from its issuance and cancellation. It has the customary cancellation punch holes and staple holes from documents previously attached. It was once folded. The bond is sealed and hand-signed.
  • All returns accepted: Returns Accepted
  • Item must be returned within: 14 Days
  • Restocking Fee: No

    Description

    The Lake Shore and Michigan Southern Railway (LS&MS) was established in 1833 and was one of the earliest railroads in the US. It is sometimes referred to as the "Lake Shore Railroad". The New York Central Railroad (NYC) gained control of the LS&MS in 1877, and it provided a logical expansion of the NYC line from Buffalo to Chicago. It became a major part of the NYC's "Water Level Route". The line's trackage is still used as a major rail transportation corridor and hosts Amtrak passenger trains, with the ownership in 1998 split at Cleveland between CSX Transportation to the west and Norfolk Southern to the east. For auction is a "3 1/2% Gold Bond" issued by the LS&MS and dated January 28, 1976. It was for ,000 and was due December 1, 1997
    1976 Lake Shore & Michigan Southern Railroad -New York Central- bond certificate
    1976 Lake Shore & Michigan Southern Railroad -New York Central- bond certificate
    Click images to enlarge
    Description
    The
    Lake Shore and Michigan Southern Railway
    (LS&MS)
    was
    established in 1833
    and was one of the earliest railroads in the US. It is sometimes referred to as the
    "
    Lake Shore Railroad".
    The
    New York Central Railroad (NYC) gained control of the LS&MS in 1877
    , and it provided a
    logical expansion of the NYC line from Buffalo to Chicago
    . It became a major part of the NYC's
    "Water Level Route"
    along the south shore of Lake Erie and across northern Indiana. The line's trackage is still used as a major rail transportation corridor and hosts
    Amtrak
    passenger trains, with the ownership in 1998 split at Cleveland between
    CSX Transportation
    to the west and
    Norfolk Southern
    to the east.
    For auction is a
    "3 1/2% Gold Bond" issued by the LS&MS and dated January 28, 1976
    . It was
    for ,000
    and was
    due December 1, 1997
    . There are
    two vignettes
    : (a) a rendering of LS&MS President
    William K. Vanderbilt
    at the top, and (b) a
    steam engine and train cars
    at a station at the bottom. The bond, which measures appx 13 1/2 x 9 1/2 inches, is printed on typical stock/bond security paper. It is in
    very good condition
    . There are no rips or tears. All writing/markings are from its issuance and cancellation. It has the customary cancellation punch holes and staple holes from documents previously attached. It was once folded. The
    bond is sealed and hand-signed.
    A nice item for either the LS&MS or NYC railfan.
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