Lone Star Oil Co. - Stock Certificate
Inv# GS1326 Stock
Stock printed by Goes. 6 vignettes, all related to oil. Gold Seal. The Lone Star State is the official state nickname of Texas.
From the International Petroleum Register of 1922:
LONE STAR OIL CO., THE, 508 Kittredge Bldg., Denver, Colo. Organized Colo.. 1917.
Annual Meeting: 1st Tues., Nov.
Officers: C. H. Langdon, Pres. and Genl. Mgr.; J. R. Langdon, V-Pres.; F. G. Elliott, Secy, and Treas. Capital: Authorized, $300,000; issued, $298,000; par, lc. Properties: Leases on 320 acres in Union county, N. M.; 43 acres in Humble county, Tex., also owns one-third of stock in Homer-Caddo Oil Co., also operating in Jackson county, Tenn. LONE STAR OIL CO., Burkburnett, Tex. Organized Tex., 1918.
Officers: J. C. Brown, Pres.; H. L. Vogel. Secy.
Capital: Authorized, $40,000; all issued: par, $100.
Properties: Lots Nos. 4 to 9, inclusive. Block No. 9 of the
town of Burkburnett, Wichita county, Tex.
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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