San Dieguito Mutual Water Co. - circa 1910's Unissued Water Company Stock Certificate - Part of the Atchison, Topeka and Santa Fe Railway System
Inv# AT82a Stock
Unissued Stock. Financially supported by the Santa Fe Railroad, the San Dieguito Mutual Water Company undertook the construction of the Hodges Dam on the San Dieguito River. Besides supplying water to the railroad properties in Rancho Santa Fe, the company also facilitated irrigation for several towns along the northern coast. Furthermore, starting in 1920, the San Dieguito Mutual Water Company became the primary water source for San Diego. This partnership lasted for five years until the city acquired the complete system from the San Diego County Water Company for approximately 4 million dollars.
The Atchison, Topeka and Santa Fe Railway, commonly known as the Santa Fe or AT&SF, was one of the largest Class 1 railroads in the United States from its inception in 1859 until its dissolution in 1996. Established in February 1859, the railroad was designed to connect the cities of Atchison and Topeka in Kansas with Santa Fe in New Mexico. By 1873, it had extended its reach to the Kansas-Colorado border, and by 1876, it had arrived in Pueblo, Colorado. In order to stimulate demand for its services, the railroad established real estate offices and marketed farmland derived from the land grants it received 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.
Ebay ID: labarre_galleries