Southern Railway was a leading regional railroad, serving the Southeastern US from the District of Columbia to Louisiana and from Missouri and Ohio to Florida. Formed in 1894 from a combination of many smaller lines, it existed until it merged in 1982 with the Norfolk & Western Railway to form Norfolk Southern,

For auction is an equipment trust certificate from Southern dated  October 20, 1983. It is for $50,000 at a rate of 9 5/8% and was due April 15, 1993. This item measures appx 11x8 inches and is printed on typical stock/bond security paper. It is in xecellent condition, with no rips, tears, writing or markings. It has the customary cancellation punch holes.
A great collectible for the Southern railfan.