China Petroleum Co. - Michigan Oil Stock Certificate
Inv# OS1989 Stock
Stock printed by Calvert & Co. Detroit with 25 cents revenue stamp! Civil War era dated! Pontiac, Michigan. Left side border clipped. Pontiac is a city in and the county seat of Oakland County in the U.S. state of Michigan. As of the 2020 census, the city had a total population of 61,606. A part of Metro Detroit, Pontiac is about 20 miles (32.2 km) northwest of Detroit.
Founded in 1818, Pontiac was the second European-American organized settlement in Michigan near Detroit, after Dearborn. It was named after Pontiac, a war chief of the Ottawa Tribe, who occupied the area before the European settlers. The city was best known for its General Motors automobile manufacturing plants of the 20th century, which were the basis of its economy and contributed to the wealth of the region. These included Fisher Body, Pontiac East Assembly (a.k.a. Truck & Coach/Bus), which manufactured GMC products, and the Pontiac Motor Division. In the city's heyday, it was the site of the primary automobile assembly plant for the production of the famed Pontiac cars, a brand that was named after the city. The Pontiac brand itself was discontinued in 2010 by General Motors. The City of Pontiac also was home to Oakland Motor Car Company, which was acquired by General Motors in 1909. Read more at https://en.wikipedia.org/wiki/Pontiac,_Michigan
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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