Etats-Unis du Bresil, Etat de Sao-Paulo, Compagnie des Chemins de Fer du Nord de Sao-Paulo - Companhia Estrada de Ferro de Araraquara. Text is in French and Portugese. Dated at Paris, le 15 Mars 1911, Obligation au Porteur, for £20 or 504 Francs or 410 Marks. Issued and uncancelled, certificate is in good/fair condition, with fold marks, moderate edgewear to the top margin, a stain to the bottom right margin, and coupons 7-50 and the talon attached. 50 x 33 cm.