Syracuse, Ontario and New York Railway - Circa 1880's Unissued Railroad Stock Certificate
Inv# RS2793 Stock
Unissued Stock. Printed by E. Wells Sackett & Rankin. The Syracuse, Ontario and New York Railway was founded in 1883 and had a line that ran between Syracuse, New York and Earlville, New York, a distance of 45.5 miles (73.2 km). The company formed from the Syracuse, Chenango and New York Railroad Company. Beginning on July 1, 1890 it operated as the Chenango County, New York branch of the West Shore Railroad. On April 2, 1891, the railroad and property of the Syracuse Ontario and New York Railway Company were formally leased, for the term of its corporate existence, to the West Shore Railroad Company on June 30, 1891. Later, ownership was transferred to the New York Central Railroad (NYCRR).
The Syracuse, Ontario and New York Railway was formed by articles of association filed in the office of the Secretary of State of New York on June 20, 1883. This last named company subsequently acquired by agreement of purchase the railroad, which had been sold under foreclosure, formerly belonging to the Syracuse, Chenango and New York Railroad, extending from the city of Syracuse in Onondaga County to the village of Earlville in Madison County. Read more at https://en.wikipedia.org/wiki/Syracuse,_Ontario_and_New_York_Railway
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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