Lee Oil and Natural Gas Company - 1950's dated Stock Certificate
Inv# GS1162 Stock
Oil and Gas Stock. Great vignette of female seated with lion. Rich blue printing. Scarce!!! Frank Robinson and William Trumbull, co-owner-operators of Lee Oil and Natural Gas Co. had been seeking to lease government equipment for their oil drilling business. But a hold was put on an SBA Excess Property Program in 1978 preventing them from receiving approval and putting them in a catch-22 situation. Several trips to Washington and talks with SBA officials failed to bring action until Friday when Deputy Administrator William Mauk met with them after inquiries from reporters and promised a decision within the week. About three years ago, Robinson, a black man who has some previous family oil drilling experience in Kansas, found some oil-rich land and set up a partnership with Trumbull using leased government equipment. Excerpt from 1979 at https://www.washingtonpost.com/archive/business/1979/07/07/sba-rules-protest-pays-off/9307b689-7faf-4944-8e72-9b85c39f0dde/
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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