Kalamazoo Vegetable Parchment Co. - Michigan Stock Certificate
Inv# GS5106 StockStock printed by Western Bank Note & Eng. Co., Chicago - Western Division American Bank Note Co. Kalamazoo County, Michigan. Great Blue Vignette! Rare! Parchment is a city in Kalamazoo County in the U.S. state of Michigan. The 2010 census recorded a population of 1,804. The name is derived from the parchment company that used to manufacture paper on the East bank of the Kalamazoo River. Parchment is located just northeast of the city of Kalamazoo, and it is mostly surrounded by Kalamazoo Township.
The Kalamazoo Vegetable Parchment Company was founded in 1909. The founder, Jacob "Uncle Jake" Kindleberger, set up shop along the Kalamazoo River. The company then started selling pieces of land located around the mill to the mill workers. In 1932, Kindleberger left a tract of 40 acres (160,000 m2) located in the center of the city; this later became Kindleberger Park in his honor. In 1939, Parchment became a city by a majority vote. It has been known as The Paper City since then. Over the years, the KVP Company was bought by or merged with other companies, including Sutherland Paper Company, Brown Company, James River, and finally Crown-Vantage. In 2000 paper making in Parchment ended, and thereafter the city has struggled to sustain itself. Its population has debated what to do with the old paper mill property. As of 2011, the first mill building was demolished with plans to demolish the other building at a later date. Read more at https://en.wikipedia.org/wiki/Parchment,_Michigan
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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