Richmond Cedar Works - Lumber Stock Certificate
Inv# LS1024 Stock
Stock printed by Hasbrouk, Thistle & Co., New York. The Richmond Cedar Works company bought the surrounding land, but eventually sold it to Prulean Farms, a subsidiary of Prudential Financial. During the 1970s, Prulean Farms ran an agricultural operation on the land surrounding the abandoned town. In 1984, the United States Fish and Wildlife Service acquired the land and formed the Alligator River National Wildlife Refuge, a haven for black bears and the endangered red wolf. Read more at https://en.wikipedia.org/wiki/Buffalo_City,_North_Carolina
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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