|CertificateCollector.Com - Scripophily Collection|
Boston Railroad Holding Company. In 1909, The General Court of Massachusetts authorized the incorporation of the Boston Railroad Holding Company for the purpose of holding stock of the Boston and Maine Railroad which was in dispute.
In 1907, the New York, New Haven and Hartford Railroad purchased a large block of Boston and Maine shares from American Express in order to take control of Boston and Maine railroad with the idea it would be merged into its system.
Minority shareholders filed suit as the purchase was illegal under Massachusetts law (although legal under Connecticut law). The Boston Railroad Holding Company was formed to maintain control of the corporation until the case could be resolved in federal court. The minority holders eventually won and the purchase was rulled illegal.
Stock. 100 Shares. Issued in 1919. #BA553. Issued to William K. Vanderbilt
Stock. Less than 100 Shares. Unissued. #B4980.
You've reached the end of this page. Thanks for looking.Top of Page