Bach Aircraft Co. - 1929 dated Stock Certificate
Inv# VS1116 Stock
Large Stock measures 12 3/4" x 8 1/2". Included is a Bill of Sale for 50 shares of Bach, transfer sheets and a copy of a death certificate and letter of testamentary.
The Bach Aircraft Company was established by aviator L. Morton Bach at Clover Field, Santa Monica, California in 1927 to manufacture tri-motor airliners as the Bach Air Yacht in various models, as well as several other aircraft. The company hired Waldo Waterman as its chief test pilot, who brought on Max B. Harlow as the chief engineer. In 1931, the business was reorganized into the Aircraft Production Corporation but did not manufacture any further new designs.
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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