Saginaw Lumber Co. - 1895 dated Alabama Stock Certificate
Inv# LS1027 Stock
Stock. Saginaw Lumber Co pertains to a lumber firm that was part of a legal dispute, Saginaw Lumber Co. v. Wilkinson, concerning a construction project. This case revolved around disagreements related to the supply of materials and the payment for a house being built in 1930-1931. The company provided the necessary materials, and a later agreement was established with a carpenter named Krause for the acquisition of extra materials to complete the work. This case underscores the business practices and legal challenges faced by the lumber industry during that era.
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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