San Dieguito Mutual Water Co. - Water Company Stock Certificate - Part of the Atchison, Topeka and Santa Fe Railway System
Inv# AT82a Stock
Unissued Stock. Financially backed by the Santa Fe Railroad, the San Dieguito Mutual Water Company was responsible for the construction of the Hodges Dam on the San Dieguito River. In addition to serving the railroad lands in Rancho Santa Fe, the company also provided irrigation to numerous towns on the north coast. The San Dieguito Mutual Water Company was also the source for San Diego's water beginning in 1920. This arrangement continued for five years until the city purchased the entire system for the San Diego County Water Company for nearly 4 million dollars.
The Atchison, Topeka and Santa Fe Railway (reporting mark ATSF), often referred to as the Santa Fe or AT&SF, was one of the largest Class 1 railroads in the United States between 1859 and 1996. The railroad was chartered in February 1859 to serve the cities of Atchison and Topeka, Kansas, and Santa Fe, New Mexico. The railroad reached the Kansas–Colorado border in 1873 and Pueblo, Colorado, in 1876. To create a demand for its services, the railroad set up real estate offices and sold farmland from the land grants that it was awarded by Congress for laying track. Read more at https://en.wikipedia.org/wiki/Atchison,_Topeka_and_Santa_Fe_Railway
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.
Ebay ID: labarre_galleries