East Chicago Belt Railroad - 1902-06 dated Railway Stock Certificate - Became Indiana Harbor Belt Railroad
Inv# RS2726 Stock
Indiana
Printed by S.D. Charles & Co. Rare! This railroad was in operation from 1896 to 1907. The successor of these lines was the Indiana Harbor Belt Railroad.
The Indiana Harbor Belt Railroad (reporting mark IHB) is a Class III railroad in the United States. The IHB is jointly owned by Conrail Shared Assets Operations (51%) and Canadian Pacific Kansas City Limited (49%). These shareholders trace their ownership stake in IHB to previous mergers and acquisitions in the railroad industry. Conrail's ownership is traced back to the Penn Central Transportation Company and prior to that, the New York Central Railroad and Pennsylvania Railroad. CPKC's ownership is through its subsidiary, the Soo Line, which inherited it from the Chicago, Milwaukee, St. Paul and Pacific Railroad (also known as the "Milwaukee Road"). Also, the IHB's northern terminus is the Milwaukee District West Line in Franklin Park, Illinois, which is operated by Metra and CPKC. Read more at https://en.wikipedia.org/wiki/Indiana_Harbor_Belt_Railroad
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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