State of New York Loan for Highway Improvement Bond from 1940/50s
State of New York Loan for Highway Improvement Bond from 1940/50s
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Are the certificates authentic?
Are the certificates authentic?
Yes, all of the certificates we sell are authentic stock and bond certificates unless otherwise mentioned in the description. At one point in time, this certificate represented a share of of the company, or a bond receipt. These certificates have been removed from circulation and digitalized, as seen by cancellation holes, stamps and writing on the certificate. We offer these certificates as a collectable item, not a security.
This is a large Green bond from the State of New York's Loan for Highway Improvement Bond issued by the Comptroller's office in the 1940s and 50s to finance the construction of the New York State Thruway. It has been issued and cancelled.
In 1950, the New York State Legislature created the New York State Thruway Authority to build, operate, and maintain a new superhighway system. This independent public corporation was established to finance the construction of the Thruway through toll revenue bonds
- 1942: State leaders recognized the need for a superhighway system
- 1944: State Legislature authorized the Bureau of Public Works to begin construction
- 1946: Ground was broken for the Thruway System
- 1950: The Thruway Authority was created to take over the project
- 1954: The first toll section of 115 miles opened
Materials and care
Materials and care
Here are some quick tips to preserve your certificate for decades to come.
Paper quality: Stock certificates were printed on a variety of certificate paper dating back to the mid 1800s. Most of these vintage collectable certificates have signs of used & wear , cancellation holes, pencil / pen writing, stamps, staples, adhesives, slight rips, missing coupons and other features.
Handling: Always handle the certificate with clean, dry hands or use cotton gloves to avoid transferring oils and dirt from your skin onto the paper.
Storage: Store the certificate in a cool, dry place away from direct sunlight, which can cause fading. Use acid-free folders or archival-quality plastic sleeves to protect it from moisture, dust, and physical damage.
Framing: If displaying the certificate, use a frame with UV-protective glass to prevent light damage. Ensure the certificate is mounted using acid-free materials to avoid any chemical reactions that could degrade the paper over time.
Avoid Exposure: Keep the certificate away from direct sun, extreme temperatures and humidity, which can cause the paper to warp or deteriorate. Avoid exposing it to pollutants, such as smoke or chemicals, which can cause discoloration.
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