| Type | Common Stock Voting Trust Certificate |
|---|---|
| Place of Issue | New York, Cuba |
| Date of Issue | 1923 |
| Printing Firm | American Bank Note Company |
| Language | English |
| Year of Acquisition | 2021 |
| Condition | EF |
Description
The Compañía Azucarera Salamanca was the result of the reorganization of the Central Sugar Corporation, which controlled the Fe mill in Santa Clara province, Cuba. According to the 1938 Manual of Sugar Companies the properties were sold in 1931 under foreclosure proceedings with bondholders receiving a paltry payment of 3.716%. It seems the Compañia Azucarera Salamanca never paid a dividend in its history.
Typical, plain design for this Common Stock Voting Trust Certificate. Stamped “Specimen”, punchholes, 00000-numbered.
This certificate was issued to stock holders as part of the reorganization plan of Central Sugar Corporation to ensure that these shares would be voted en bloc.
Sources: Manual of Sugar Companies, 1938. Farr & Co | Museum Fraikin (museum-fraikin.de), 15 Jun 1921, Page 5 - The Wall Street Journal at Newspapers.com, 07 May 1927, 24 - The Cincinnati Enquirer at Newspapers.com, 02 Mar 1926, Page 19 - The Brooklyn Daily Eagle at Newspapers.com all visited on 25.6.2022