New York and New Jersey Ferry Company - Stock CertificateInv# SS1186
Stock. Vignette in upper right corner of steam ferry, sailboat and other ships. New York Waterway, is a private transportation company running ferry and bus service in the Port of New York and New Jersey and in the Hudson Valley. While operations and much marketing come under the NY Waterway logo, the company works with other private companies and in public-private partnership with agencies such as the Port Authority of New York and New Jersey, New Jersey Transit, New York City Department of Transportation, and Metropolitan Transportation Authority, to provide service and maintain docking facilities.
NY Waterway uses ferry slips at four terminals in Manhattan as well as terminals and slips in Jersey City, Hoboken, Weehawken, and Edgewater, all located along the Hudson River Waterfront Walkway. Commuter peak service is also provided on the Haverstraw–Ossining Ferry, Newburgh–Beacon Ferry, and to the Raritan Bayshore. Excursions and sightseeing trips include those to Yankee Stadium, Gateway National Recreation Area, and Governors Island. The Manhattan to Jersey City route is used as one of the alternatives for connecting the New York and New Jersey segments of the East Coast Greenway hiking and biking trail, the other choice being the George Washington Bridge.
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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