Fifth Avenue Transportation Co Stock Pair - Stock Certificate
Inv# RS5225 Stock
The Fifth Avenue Transportation Company was a transportation company based in New York which was founded in 1885 and operated of horse-and-omninbus transit along Fifth Avenue, with a route running from 89th Street to Bleecker Street using horse-drawn omnibuses. Fifth Avenue was unusual in that its residents opposed the installation of railway track for streetcars and was the only avenue in Manhattan to never see streetcar service. The company was declared bankrupt of the earlier operator in 1896, and was succeeded by the Fifth Avenue Coach Company. From 1888 until his death in 1893, lawyer Elliott Fitch Shepard was the company's controlling stockholder. He acted on his religious beliefs of the holiness of the Christian Sabbath, forcing the company to halt its operations on Sunday, the Sabbath. In corporate law, a stock certificate (also known as certificate of stock or share certificate) is a legal document that certifies ownership of a specific number of shares or stock in a corporation. Historically, certificates may have been required to evidence entitlement to dividends, with a receipt for the payment being endorsed on the back; and the original certificate may have been required to be provided to effect the transfer of the shareholding. Over time, these functions have been rendered redundant by statutory schemes to streamline the administrative burden on corporations. For example, most jurisdictions now impose an obligation on corporations to pay dividends to shareholders registered at a relevant point of time without the need to produce the share certificate as proof of entitlement and the certificate is no longer required to be produced with a transfer of a shareholding. In some jurisdictions today, the issue of paper stock certificates may be dispensed with, at least in some circumstances, and many corporations now provide a holding statement in lieu of a share certificate for each parcel of shares owned. Most jurisdictions now require corporations to maintain records of ownership or transfers of shareholdings, and do not permit share certificates to be issued to bearer.
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.
Ebay ID: labarre_galleries