|Title||Temporary Certificate; 150 shares Hudson & Manhattan R.R. Co. Common Stock Trust Certificate; issued to John Lawrence, Sept. 10, 1913.|
|Object Name||Certificate, Stock|
|Collection||Hoboken Railroad Collection|
|Scope & Content||
Temporary Certificate; 150 shares Hudson & Manhattan Railroad Company Common Stock Trust Certificate; issued to John Lawrence, September 10, 1913; cancelled May 13, 1922 (perforated twice.) Certificate No. 280.
Printed and engraved, 8" high x 11" wide; printed form attached to back: power of attorney; rear of certificate has stock transfer tax stamps and inkstamps.
The Hudson & Manhattan (later the PATH system) went through a financial re-organization in this period which was shortly after it opened the system.
Selected text from front of certificate.
No. 280 150 -150- Share
Hudson & Manhattan Railroad Company.
COMMON STOCK TRUST CERTIFICATE
This is to Certify that, as hereinafter provided, [ink] John Lawrence
will be entitled to receive a certificate or certificates, expressed to be fully paid, for [ink] One hundred fifty shares of $100 each, in the COMMON CAPITAL STOCK of Hudson & Manhattan Railroad Company, and in the meantime to receive payments equal to the dividends, if any, collected by the undersigned Voting Trustees upon a like number of such shares standing in their names; such dividends, if received by the voting Trustees in stock of said Company, to be payable in stock trust certificates. Until after the actual delivery of such certificates, the Voting Trustees shall possess, in respect of any and all such stock, and shall be entitled to exercise, except as otherwise expressly provided in the agreement hereinafter mentioned, all rights of every name and nature, including the right to vote for every purpose and to consent to any corporate act of said Hudson & Manhattan Railroad Company; it being expressly stipulated that no voting right passes by or under this Certificate, express or implied.
This Certificate is issued pursuant to, and is subject to the terms and conditions of, a certain agreement dated the Twenty-First day of August 1913, by and between Owners of Stock, Preferred or Common, in Hudson & Manhattan Railroad Company, and Felix M. Warburg, Charles Francis Adams 2d., and Albert H. Wiggin, Voting Trustees.
No stock certificates shall be due or deliverable hereunder before the Twenty-First day of August, 1918. The Voting Trustees may, however, make earlier delivery at any time in their absolute discretion.
This Certificate is transferable at the agency of the Voting Trustees by the registered holder, either in person or by attorney duly authorized, according to rules established for that purpose by the Voting Trustees and on surrender hereof; and until so transfered, the Voting Trustees may treat the registered holder as owner hereof for all purposes whatsoever, except that they shall not be required to deliver stock certificates hereunder without the surrender hereof.
This Certificate is not valid unless duly signed on behalf of the undersigned Voting Trustees, by Harvey Fisk & Sons, their agents, and also registered by The American Exchange National Bank New York, as registrar.
Warburg, Felix M.
Adams, Charles Francis, 2nd
Wiggin, Albert H.
|Year Range from||1913|
|Year Range to||1913|
Hudson & Manhattan Railroad
Business & Commerce