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Union Financial Corp. - 1960's-1970's dated Stock Certificate - Available in Blue or Olive - Please Specify Color

Inv# GS6421   Stock
State(s): Ohio
Years: 1960's-1970's
Color: Blue or Olive

Stock printed by Federated Banknote Company. Available Blue or Olive. Please specify color. From https://www.sec.gov/news/digest/1968/dig111968.pdf:

UNION FINANCIAL TO SELL DEBENTURES. Union Financial Corporation, 232 Superior Ave., N. E., Cleveland, Ohio 44114, filed a registration statement (File 2-30744) with the SEC on November 15 seeking registration of $5,000,000 of convertible subordinated debentures, due 1988, to be offered for public sale through under-writers headed by McDonald & Co., 1250 Union Commerce Bldg., Cleveland, Ohio 44115, and The Ohio Company, 51 North High St., Columbus, Ohio 43215. The interest rate, offering price, and underwriting terms are to be supplied by amendment.

The company through its subsidiaries operates a savings and loan association, a commercial bank, a manufacturing company which produces industrial cutting knives for the steel, brass, rubber, aluminum, plastic and paper industries, and a lithography company which prints hardbound text, trade and children's books and educational materials. Net proceeds of its debenture sale, together with such amounts from the company’s general working funds as necessary, will be used to discharge an estimated $4,805,000 of short-term bank borrowings; any balance will be added to the company's general funds and used for general corporate purposes. In addition to indebtedness, the company has outstanding 836,024 common shares, of which management officials own 20.3%. A. C. Findlay is board chairman and Warner B. Bishop president.

Condition: Excellent

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.

Item ordered may not be exact piece shown. All original and authentic.
Price: $29.00