Mapco Inc. - Specimen Stock Certificate - Pipeline Company
Inv# SE2162
Stock
Illinois
New York
Specimen Stock printed by American Bank Note Company. Joseph Craft III (born 1950) is an American businessman. He is the president and chief executive officer of Alliance Resource Partners, L.P., the third-largest coal producer in the eastern United States. Craft began his career at Mapco Inc, a pipeline company that had diversified into other energy sectors, based in Tulsa, Oklahoma. In 1985, he was elected senior vice president of legal and finance. In 1986, Craft became head of the coal division at Mapco. In 1996, Craft led a management buyout of the unit. The buyout involved Mapco selling a 75% stake in the coal division to the Beacon Group Energy Investment Fund. The new company was called Alliance Coal LLC. Read more at https://en.wikipedia.org/wiki/Joe_Craft
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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