Sandy Beach Association - Huge Beach Vignette - Very Rare - 1918 dated Massachusetts Stock Certificate
Inv# GS6910 Stock
Stock. The Sandy Beach Association (SBA) in Cohasset, Massachusetts, plays a vital role in managing and preserving the town’s cherished Sandy Beach. Established in 1917 through a trust, the SBA ensures that this private, developed barrier beach remains a cherished local resource for the approximately 10,000 to 12,000 beachgoers who visit during the summer. The Association’s responsibilities include staffing the beach with lifeguards and bathhouse employees, retaining contractors for beach cleaning and management, and overseeing large-scale annual clean-ups.
What sets the SBA apart is its unique funding model. Unlike municipal support, the SBA’s operations are solely funded through annual fundraising contributions. While the Town of Cohasset owns the beach parking lot, it does not directly fund the SBA’s operations. Instead, the Town retains revenue generated from parking stickers and fines. This collaborative yet independent structure underscores the community-driven nature of Sandy Beach’s upkeep.
Sandy Beach is renowned for its beautiful white sand, scenic views, and various amenities. These include a beach house with restrooms and changing areas, a snack bar, and accessible facilities, making it a popular spot for families seeking relaxation and enjoyment.
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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