San Dieguito Mutual Water Co. - 1917 dated California Water Co. Stock Certificate - Part of the Atchison Topeka Santa Fe Railway
Inv# AT82 Stock
Stock. Financially backed by the Santa Fe Railroad, the San Dieguito Mutual Water Company initiated the construction of the Hodges Dam on the San Dieguito River. In addition to providing water for the railroad properties in Rancho Santa Fe, the company also supported irrigation efforts for several communities along the northern coastline. Moreover, beginning in 1920, the San Dieguito Mutual Water Company served as the main water supplier for San Diego. This collaboration continued for five years until the city purchased the entire system from the San Diego County Water Company for approximately four million dollars.
The Atchison, Topeka and Santa Fe Railway, often referred to as the Santa Fe or AT&SF, was one of the largest Class 1 railroads in the United States from its establishment in 1859 until its dissolution in 1996. Founded in February 1859, the railroad aimed to connect the cities of Atchison and Topeka in Kansas with Santa Fe in New Mexico. By 1873, it had expanded to the Kansas-Colorado border, and by 1876, it reached Pueblo, Colorado. To enhance demand for its services, the railroad set up real estate offices and promoted farmland obtained through land grants from Congress for the construction of its tracks.
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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