Hailey-Ola Coal Co. - Stock Certificate
Inv# MS3199 Stock
Hailey-Ola Coal Company was founded by Dr. Daniel Morris Hailey. They had mines in Haileyville and Lutie Oklahoma. Haileyville is located just west of Hartshorne and about 12 miles S.E. of McAlester. Lutie is located on the east edge of Wilburton, about 35 miles east of McAlester. The community of Lutie is named after one of Dr. Hailey's daughters.
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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