Indiana Harbor Connecting Railroad Co. - Railway Stock Certificate
Inv# RS5269 Stock
Indiana
Stock certificate #4 for 1 share! Also included a record of stock certificates issued. Available Unissued for $20. Please specify version.
From Opinions and Orders, Volume 3 by the Illinois Commerce Commission:
In the Matter of the Petition of the INDIANA HARBOR CONNECTING RAILROAD COMPANY Relative to Certificate of Convenience and Necessity to Construct and Operate a railroad in Cook County, Illinois.
The Commission on the 4th day of October, A. D. 1923 entered an order in the above entitled cause that the Indiana Harbor Connecting Railroad Company be, and the same is hereby, granted a certificate of convenience and necessity to construct, maintain and operate a line of railroad extending from a connection with the main tracks of the Indiana Harbor Belt Railroad Company at a point approximately five hundred (500) feet east of the intersection of 49th Street with South Central Park Avenue in Section 11, Township 28 North, Range 13 East of the Third Principal Meridian in the City of Chicago, Cook County, Illinois, in a southwesterly direction across Sections 11, 10, 16 and 17 in the said township and city, through Section 18 in Stickney Township and Section 24 in Lyons Township to a connection with the main tracks of the Baltimore and Ohio Chicago Terminal Transfer Railroad Company, a distance of approximately six miles, about one mile of which trackage in said Sections 17 and 18 traverses and coincides with the main line of the Indiana Harbor Belt Railroad Company, as set forth in the said application and shown by solid red lines on blueprint Exhibit "A" attached thereto and made a part thereof, except that the said certificate herein granted does not cover the right to extend the said proposed railroad at grade across any other railroad tracks at grade or across any streets or public highways, it being understood that separate "Petitions for Crossing" will be filed at a subsequent date covering these crossings in question. The said railroad is to be operated for the transaction of the business of a common carrier, all in accordance with Section 55 of an Act entitled An Act to provide for the regulation of public utilities” approved June 30, 1913, and in effect January 1, 1914. The said certificate shall be issued under the seal of the Commission and authenticated by its Secretary.
IT IS FURTHER ORDERED that the said petitioner, the Indiana Harbor Connecting Railroad Company be, and the same is hereby, granted the right to procure by condemnation proceedings or otherwise such property as may be reasonably necessary for right of way purposes in the construction of the proposed railroad for which a certificate is herein sought.
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