Vessel Owners Towing Co - Shipping Stock Certificate
Inv# SS1104 Stock
Stock printed by Geo. E. Marshall, Chicago. Great! A tugboat or tug is a marine vessel that manoeuvres other vessels by pushing or pulling them, with direct contact or a tow line. These boats typically tug ships in circumstances where they cannot or should not move under their own power, such as in crowded harbour or narrow canals, or cannot move at all, such as barges, disabled ships, log rafts, or oil platforms. Some are ocean-going, some are icebreakers or salvage tugs. Early models were powered by steam engines, long ago superseded by diesel engines. Many have deluge gun water jets, which help in firefighting, especially in harbours. Read more at https://en.wikipedia.org/wiki/Tugboat
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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