1872 0 Fredericksburg,Orange and Charlottsvile . Gold Bond.

Description

1872.  Very fine condition. With 40 attached coupons.
The railroad of The Potomac, Fredericksburg and Piedmont Railroad Company, hereinafter called the carrier, is a single-track narrow-gauge steam railroad, located entirely within the State of Virginia, and extending from Fredericksburg to Orange, a distance of 38.062 miles. Yard tracks and sidings aggregate 2.498 miles and all tracks owned and used, 40.66 miles.
The carrier was incorporated by act of the General Assembly of Virginia, March 1, 1863, as the Fredericksburg and Gordonsville Railroad Company. The name was changed to the present name, by act of the general assembly, on March, 1876. The principal office of the carrier is in Fredericksburg, Va. The estate of L. Harry Richards, deceased, holds a majority of the capital stock. The original incorporation conferred authority to build the road, as it now exists, from Fredericksburg to Orange. About 18 miles, from Fredericksburg to Parker, Va., was built prior to 1872.
The carrier defaulted in payments under a mortgage securing about ,000,000 of bonds and the road was sold at foreclosure on December 28, 1872. The purchaser, the
Fredericksburg, Orange and Charlottesville Railroad Company
, was incorporated by an act of the General Assembly of Virginia, of February 21, 1872, which was supplemented by an act of March 26, 1873, and was recognized as the successor to the rights and property of the carrier.
Bond shipped flat with coupons tucked under.