Montebello Land and Water Co. - 1931 dated Stock Certificate
Inv# GS6676 Stock
Stock printed by Goes. Incorporated January 12, 1900. Montebello Land and Water Company is a public utilities organization located in Montebello, California, primarily focused on providing essential water distribution services to the local community. Incorporated in 1900 as the water system for the developing town, it plays a vital role in ensuring a reliable supply of clean and safe water for both residents and businesses in Montebello. The company is a nonprofit entity dedicated to maintaining the water infrastructure and upholding quality and safety standards.
Montebello Land and Water Company’s historical roots are tied to the early development of Montebello from the Newmark and Cohn land divisions, with the water system developed under the guidance of hydraulic engineer William Mulholland.
The company's mission revolves around ensuring a consistent supply of water to its users in Montebello. Their activities likely involve regular maintenance, upgrades, and ensuring compliance with water safety standards. They are also involved in addressing concerns about water quality, such as working with organizations to manage and remove chemicals like PFAS from groundwater supplies. Montebello Land and Water Company generated revenues of over $10 million in 2023, employs 15 individuals, and is led by President Norman Akashi.
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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