Houdaille Industries, Inc. - Specimen Stock Certificate
Inv# SE2103
Stock
Michigan
New York
Specimen Stock printed by American Bank Note Company. Houdaille Industries was a diversified manufacturing company which produced automotive products, industrial products, machine tools, construction materials and contracting. The company had its beginnings in Buffalo, New York, in 1919, where the Houde Engineering Corporation manufactured shock absorbers that had been invented and patented in France by Maurice Houdaille (1880-1953). The company continued to grow with the automobile industry, and through diversification, until 1987 when it was forced to liquidate most of its assets to satisfy obligations to investors from a 1979 leveraged buy out.
On March 1, 1909, French engineer and inventor Maurice Houdaille (1880–1953) filed for a patent for a shock absorbing apparatus. U.S. patent 933,076 was granted 7 September 1909. In 1915, French born import specialist Paul Victor Clodio (1882-1928), acquired the rights, from Maurice Houdaille, to manufacture and sell the Houdaille shock absorber in the United States. Clodio founded the Houdaille Shock Absorber Co., Inc. in New York City. Read more at https://en.wikipedia.org/wiki/Houdaille_Industries
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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