United States Sugar Corporation - Specimen Stock Certificate
Inv# SE2310 Stock
Specimen Stock printed by Security-Columbian Bank Note Company. U.S. Sugar Corporation is a privately owned agricultural business based in Clewiston, Florida. The company farms over 230,000 acres of land in the counties of Hendry, Glades, Martin, and Palm Beach. It is the largest producer of sugarcane in the United States by volume, producing over 700,000 tonnes per year. The company is also a large producer of refined sugar, sweet corn and oranges.
U.S. Sugar is considered in South Florida along with Florida Crystals and the 54-member Sugar Cane Growers Cooperative of Florida as Big Sugar. The company is one of the largest job providers in the Glades region of Florida, employing more than 2,500.
In 1931, industrialist and philanthropist Charles Stewart Mott purchased assets near Clewiston, Florida from a 1920s bankrupt sugarcane company, Southern Sugar Company, to form the United States Sugar Corporation. In the 1940s, U.S. Sugar was charged with slavery violation.
Mott later transferred shares to his Charles Stewart Mott Foundation. When the Tax Reform Act of 1969 limited the shares that private family foundations could hold of a corporation, the foundation gave a large number of shares to the Mott Children's Health Center, a Flint charitable medical organization founded in 1939, to be below the 35% limit. Read more at https://en.wikipedia.org/wiki/U.S._Sugar
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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