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Description:
Beautifully engraved Certificate from the famous The New York and Harlem Rail Road Company issued no later than 1944. This historic document was printed by the American Banknote Company and has an ornate border around it with a vignettes of an old train, sailor, blacksmith and a dog. This item is hand signed and is over 56 years old. NEW YORK AND HARLEM RAILROAD COMPANY Incorporated April 25, 1831; road opened May 10, 1852; corporate existence extended five hundred years from April 16, 1889. The steam portion of this company's road, running from Forty-second street, New York City, to Chatham, was leased April 1, 1873 (lease to expire April 1, 2274), to The New York Central and Hudson River Railroad Company, the annual rental being interest on its funded debt and eight per cent on its capital stock. Under the terms of a supplementary agreement, dated October 1, 1898, between The New York Central and Hudson River Railroad Company and the New York and Harlem Railroad Company, the former company now pays, as rental, interest on $12,000,000 first mortgage three and one-half per cent bonds and ten per cent dividend on $10,000,000 capital stock such dividend being the eight per cent guaranteed under the original lease and an additional two per cent (from May 1, 1900) by reason of the refunding, at a lower rate of interest, of the consolidated mortgage bonds of the New York and Harlem Railroad Company.
| Status: For Sale |
Reference#: newyorandhar |
| Condition:
See Description |
Year:
See Description
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Dealer Policies: Scripophily Policy Details
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