Pecos and Northern Texas Railway Co. - 1916 dated Stock Certificate - Branch Line of the Atchison, Topeka and Santa Fe Railway
Inv# AT73 Stock
Stock. The Pecos and Northern Texas Railway Company was chartered on March 19, 1898, and operated from Amarillo through Canyon, Umbarger, Hereford, Friona, amd Bovina to the Texas-New Mexico line at Farwell and Texico, a distance of 95 miles. In 1901, the P&NT and affiliated lines were acquired by the Atchison, Topeka and Sante Fe Railway Company. The P&NT continued to operate until December of 1948, when it was merged into the Panhandle & Santa Fe.
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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