Peoples State Bank of Bessemer - 1925 dated Banking Stock Certificate - Bessemer, Michigan
Inv# BS1242 Stock
Stock. Bessemer, Michigan. Bessemer is a city in the U.S. state of Michigan. As of the 2020 census, the city population was 1,805. It is the county seat of Gogebic County. The city is surrounded by Bessemer Township, but the two are administered autonomously. It is on U.S. Route 2 with Ironwood to the west and Wakefield to the east. The Big Powderhorn and Snow River ski resorts are located within a few miles of Bessemer. Cross-country skiing and snowmobiling are also very popular in this area, due to lake-effect snow influenced by nearby Lake Superior; the area is often referred to as "Big Snow Country." Recreational opportunities in the summer months include Bluff Valley Park, the scenic Black River Falls, and access to the Iron Belle Trail. Read more at https://en.wikipedia.org/wiki/Bessemer,_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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