Porto Rico Telephone Co. - Utility Stock CertificateInv# FS1056 Stock
Stock printed by Security Banknote Co. Map of Puerto Rico with black telephone, transmitting tower, and telephone pole at center. Please specify color.
The Behn Brothers, Hernan and Sosthenes, arrived at Puerto Rico in 1906 from St. Thomas, U.S. Virgin Islands. They were the founders of the Porto Rico Telephone Company, and decided to create a 150-acre real estate development in Santurce. This project became what is now known as Condado. To help with the process, the Behn Brothers built permanent bridges to facilitate the access, and people quickly started calling the main bridge "Dos Hermanos".
In 1999, a project of reconstruction and restoration of the bridge started. However, it had to be halted for not counting with the necessary permits. The project was restarted on July 4, 2011, and the new bridge was inaugurated in December 2011.
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.