Interstate Power Co. - 1929 dated Utility Stock Certificate
Inv# US1165 Stock
Stock printed by Columbian Bank Note Co., Chicago. Included is letter to share holder on company letterhead. Maybe the same company as below:
The Interstate Power Company Building, also known as the Masonic Hall and the Dubuque Electric Company, is a historic building located in Dubuque, Iowa, United States. While a single facility, this is actually two buildings: an 1894 three-story Queen Anne, and a 1956 three-story (later four-story) Modern Movement free-standing addition. The Dubuque Electric Company moved into the older building in 1924, and the following year it was reorganized as Interstate Power Company. This became the headquarters of a regional electrical utility that, at one time, served parts of eight states and a Canadian province. The Great Depression and antitrust court rulings altered the company's fortunes. The 1956 addition was designed to hold the companies large computers in an air-conditioned environment, in addition to office space. Other additions to the building were made in 1962, 1981 and 1989. The facility remained Interstate's corporate headquarters until Alliant Energy bought and absorbed the company in 1996. Alliant continued to use the building for a period of time afterward. It was included as a contributing property in the Upper Main Street Historic District in 2005, and it was individually listed on the National Register of Historic Places in 2008. Read more at https://en.wikipedia.org/wiki/Interstate_Power_Company_Building
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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