Santa Fe, Prescott and Phoenix Railway Company - Stock Certificate (Unissued)

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Seller: labarre_galleries ✉️ (2,173) 100%, Location: Portsmouth, New Hampshire, US, Ships to: WORLDWIDE & many other countries, Item: 183965188023 Santa Fe, Prescott and Phoenix Railway Company - Stock Certificate (Unissued). In corporate law, a stock certificate (also known as certificate of stock or share certificate) is a legal document that certifies ownership of a specific number of shares or stock in a corporation. Historically, certificates may have been required to evidence entitlement to dividends, with a receipt for the payment being endorsed on the back; and the original certificate may have been required to be provided to effect the transfer of the shareholding. Over time, these functions have been rendered redundant by statutory schemes to streamline the administrative burden on corporations, and to facilitate and streamline trading on a stock exchange. For example, most jurisdictions now impose an obligation on corporations to pay dividends to shareholders registered at a relevant point of time without the need to produce the share certificate as proof of entitlement and the certificate is no longer required to be produced with a transfer of a shareholding. In some jurisdictions today, the issue of paper stock certificates may be dispensed with, at least in some circumstances, and many corporations now provide a holding statement in lieu of a share certificate for each parcel of shares owned. Most jurisdictions now require corporations to maintain records of ownership or transfers of shareholdings, and do not permit share certificates to be issued to bearer. (Wikipedia) The Santa Fe, Prescott and Phoenix Railway (SFP&P) was a common carrier railroad that later became an operating subsidiary of the Atchison, Topeka and Santa Fe Railway in Arizona. At Ash Fork, Arizona, the SFP&P connected with Santa Fe's operating subsidiary, the Atlantic & Pacific Railroad mainline, that ran from California to Chicago. The SFP&P's 195-mile (314km) line extended the Santa Fe Railway south into Phoenix. The SFP&P extended another 100 miles (160km) to the east from Phoenix to Florence and Winkelman via the Phoenix and Eastern Railroad (which would become a Southern Pacific Railroad subsidiary in 1907). The SFP&P also served several mines in the Prescott area through its vario Item ordered may not be exact piece shown. All original and authentic.
  • Condition: Used
  • Condition: Excellent

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