Atlantic City Racing Association signed by John B. Kelly, Sr. - Serial #1 Sports Autograph Stock Certificate
Inv# AG1592 Stock
Stock Certificate #1 for 1,000 shares printed by Goes. Signed by John B. Kelly, Olympian who won 3 gold medals and father of Grace Kelly! Portrait and biography included with stock.
John Brendan Kelly Sr. (October 4, 1889 – June 20, 1960) was an American triple Olympic champion, the first in the sport of rowing. The Philadelphia-based Kelly also was a multimillionaire in the bricklaying and construction industry. He also was involved in politics, serving as Pennsylvania secretary of revenue and running unsuccessfully for mayor of Philadelphia in the 1935 Philadelphia mayoral election.
Kelly was the father of actress Grace Kelly, Princess of Monaco (thus maternal grandfather of Albert II, Prince of Monaco), and of Jack Kelly Jr., an accomplished rower who served as president of the U.S. Olympic Committee. Read more at https://en.wikipedia.org/wiki/Jack_Kelly_Sr._(rower)
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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