Vinco Corporation - Tool Company - 1956-1960 dated Stock Certificate
Inv# GS6511A Stock
Stock printed by Columbian Bank Note Company. Uncancelled and not negotiable. Vinco Corporation was a Detroit, Michigan based manufacturer of jig (tool)s, fixtures, gauges, gears, ground tools, index plates, and angle tangents. Before 1940 it was known as the Vinco Tool Company. In 1962 the New York based Recony division of the business produced air conditioners, heating, and ventilating equipment. By 1980 the firm made rocket-engine parts. Prior to working for the Belock Instrument Corporation in 1957, golfing great Gene Sarazen was in charge of customer relations for the Vinco Corporation. A company known as Vinco Tool is still operative in Clinton Township, Michigan. Read more at https://en.wikipedia.org/wiki/Vinco_Corporation
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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