Saint Paul & Duluth Railroad Company Issued to and signed by John P. IlsleyInv# AG2128 Stock
Stock issued to and signed by John P. Ilsley on front as president and on back twice.
John P. Ilsley, President and Land Commissioner of Duluth, Minn. Further research needed.
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.