United Hotels Corporation - 1956 dated Stock Certificate - Involved with the Stardust & Desert Inn
Inv# HT1010 Stock
Stock printed by Columbian Bank Note Company. George Casey Van Tuyl, Jr. (April 3, 1872 – February 9, 1938) was an American banker from New York. He was also director of the Utica Trust and Deposit Company, the Central Savings Bank of New York City, the Atlantic Mutual Insurance Company of New York City, the Alabama, Tennessee, and Northern Railroad, the City Safe and Deposit Company of New York, Cartier in New York City, and the United Hotels Corporation of New York. Read more at https://en.wikipedia.org/wiki/George_C._Van_Tuyl_Jr.
At one time, United Hotels Corporation, which consisted of Desert Inn shareholders, expressed an interest in buying the Stardust Hotel and Casino in Las Vegas, Nevada. The Stardust's casino portion was managed by United Hotels Corporation, which also operated the Desert Inn. United Hotels took over complete management of the entire resort on September 1, 1958. United Hotels was renamed as United Resort Hotels in 1959, and the company continued to manage the Stardust hotel. Read more at https://en.wikipedia.org/wiki/Stardust_Resort_and_Casino
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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