South Winnipeg, Limited - Winnipeg, Canada - 1913 dated Stock Certificate
Inv# RS4528 Stock
Stock printed by American Bank Note Co. Ottawa. Tuxedo is a residential suburb of Winnipeg, Manitoba. Prior to 1972, the community was incorporated as the Town of Tuxedo. Today, it is the wealthiest area of Winnipeg, with the highest property values.
In 1910, after acquiring additional land, Heubach and associates created the South Winnipeg Company, which absorbed the Tuxedo Park Company, and hired American landscape architects Olmsted Brothers to plan the subdivision. Their plan including a site intended for the University of Manitoba which, at the time, was located in downtown Winnipeg. Development of the area was delayed for a variety of reasons but investors continued to support the venture and a number of companies were created to manage land transactions and investment: Tuxedo (Winnipeg) Syndicate Limited, South Winnipeg Limited (later South Winnipeg 1923 Limited), Norwood (Winnipeg) Syndicate Limited, Warner Land Company, Tuxedo Estates Limited, Kenaston Realty Company, University Estates Limited, Assiniboine Estates Limited, Assiniboine Investments Limited, South Assiniboine Estates Limited, West Rydal Limited, and The Canadian Agency. Read more at https://en.wikipedia.org/wiki/Tuxedo,_Winnipeg
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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