Builders Loan and Fund Corporation - Boston, Massachusetts - circa 1860's Unissued Banking Stock Certificate
Inv# BK1086 Stock
MA, (1860's or so). Unissued Stock. Printed by S.W. Chandler & Bro., Boston. Excerpt from the Acts and Resolves Passed by the General Court of Massachusetts:
The corporation heretofore known as the Builders' Loan and Fund Corporation, and formerly located in Boston, is hereby revived and continued for the purpose of enabling the secretary and treasurer of said corporation to, and he is hereby authorized to, discharge and cancel a certain mortgage deed given by John C. Marston, late of Cambridge, now deceased, to said corporation, dated May seventh eighteen hundred and fifty-five, and recorded with Middlesex county deeds, south district, book seven hundred and thirty, page five hundred and forty-four, and to remise, release and quitclaim, in the name and on behalf of said corporation, to the heirs of said John C. Marston, the real estate described in said mortgage deed. Said corporation is revived for no other purpose whatever.
Read more at https://books.google.com/books?pg=RA1-PA41&lpg=RA1-PA41&dq=%22Builders+Loan+and+Fund+Corporation%22&sig=ACfU3U0i7LvCoO_wGvYZYDw-_VbzVtXCSw&id=klVNAQAAMAAJ&ots=WphStes5Ns&output=text
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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