Michigan Gas and Oil Corp. - 1935-1941 dated Stock Certificate
Inv# OS2151 Stock
Michigan
Stock printed by Republic Bank Note Co., Pittsburgh, Pa. Nice oil drilling vignette! Available in Green, Orange or Blue. Please specify color. The Michigan Gas and Oil Corp. drilled a Marshall test 1,535 feet deep on the Daniel Coyne et al property in the SE.¼ SE.¼ sec. 18, T. 17 N., R. 4 W., Grant twp. (Elev. 960 feet). This well encountered 387 feet of drift and struck the Parma at 935, water at 940, the Marshall at 1,530, and salt water at 1,535 feet. The hole was abandoned in December, 1931. Read more at https://www.michigan.gov/-/media/Project/Websites/egle/Documents/Programs/OGMD/Catalog/07/GIMDL-PU38B.PDF?rev=050558c1c06b450a8eed6d2997dc1385
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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