Northway Motors Stockholders Rights (89610)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:15.00 USD Estimated At:35.00 - 120.00 USD
Northway Motors Stockholders Rights   (89610)
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Northway Motors Stockholders' Rights, cert. # 10361 to Patrick McLaughlin, Boston, MA, signed by A. G. Guinel, assistant treas. Dated Feb 2, 1921. Notice to stockholders of record that the board of directors of 3 Northway Co. were reducing the number of total shares by more then half. Stockholders offered for subscription for one unit of Northway Securities at $200/unit and receive at no cost special and temporary certificates representing 2 shares of common stock of the Northway Motors Corp, 2 shares of common stock of the Northway Motors Sales Comp & 1 share common stock of Northway Guaranty & Discount Corp (5 shares total). Office must have notice of intent by 12 PM Mar. 19, 1921. Northway Motors Corp. chartered in 1917 and opened 1918. Plant built in Natick producing top of line trucks. Ralph E. Northway, founder was former chief engineer for the Dodge brothers, consulted for auto industry. Northway worked for companies including GM and Ford before moving to New England. Left company in 1922 to join "Maxim Motor Co." in Middleboro. Suggested the treasurer left with company funds and forced the firm's failure. Taped on back of certificate. Ken Prag Collection

State/Country: Massachusetts