Coupon bonds for the Eastern Railroad, 1837-1867.

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Coupon bonds for the Eastern Railroad, 1837-1867.

http://www.worldcat.org/oclc/80052297

Pursuant to St 1837, c 190 and St 1838, c 193, the state treasurer was authorized to issue scrip or certificates of debt to raise funds to aid in the construction of the Eastern Railroad. Pursuant to St 1839, c 74, the treasurer of the railroad returned scrip issued in 1838 and the state treasurer issued new scrip. Pursuant to St 1857, c 220, the state treasurer was authorized to issue certificates of debt to raise funds to redeem scrip issued in 1837, 1838, and 1839. Coupon certificates issued in 1837, 1838, and 1839, valued at $1,000 and $5,000, were due in 1857, 1858, and 1859, with interest paid at five percent for annum. Coupon certificates issued in 1857, 1858, and 1859, valued at $1000, were due in 1865, 1866, and 1867, with interest paid at five percent per annum.

Partial doc. box.

Commonwealth of Massachusetts State Archives

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SNAC Resource ID: 8239173

Commonwealth of Massachusetts State Archives

Related Entities

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Massachusetts. Treasury Dept.

http://n2t.net/ark:/99166/w6vv2j2g (corporateBody)

St 1890, c 428 enabled municipal officials or directors of railroad companies in Massachusetts to petition the Superior Court to abolish or alter railroad grade crossings; a court-appointed commission then made a decision to be confirmed by the court. The expenses for the work were shared between the railroad, to pay 65%, and the state and municipality, which divided the remainder according to the ruling, with the state to pay no more than 10%. The state treasurer was authorized to issue bonds a...

Eastern Railroad Company

http://n2t.net/ark:/99166/w6fj6kq3 (corporateBody)

Massachusetts. Treasury Office

http://n2t.net/ark:/99166/w6bs2qp8 (corporateBody)

Throughout the provincial period, Massachusetts towns were periodically assessed by the Treasury with taxes for the defraying of public charges and support of the government. This practice increased in importance and frequency during the Revolutionary War, as individual colonies became largely responsible for financial support of the war effort. Resolves 1777-78, c 398 (Oct. 9, 1777), dictated that all Massachusetts financial support of the war was thenceforth to be based on taxation only, with ...