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Cord Corp., ca.1910-1920 Stock Proof

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:200.00 USD Estimated At:300.00 - 500.00 USD
Cord Corp., ca.1910-1920 Stock Proof
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Delaware. Vignette, title and text without border. Purple stamped canceled across certificate. Tri-motor airplane flying over speedboats, Duesenberg and Auburn Automobiles. Cord headed the Cord Corporation and owned two aviation companies, Stinson Aircraft and Lycoming Motors, two automobile companies, Auburn and Duesenberg, and five other engine manufacturers. In 1932, Cord formed the Airplane Development Corp. as a subsidiary of the Cord Corp.. In early 1932, Cord faced labor problems with his airlines pilots and he sold both airlines to American Airways. In 1934, Aviation Corporation was required to divest American Airways which was promptly renamed American Airlines. Facsimile signature of E.L. Cord. Rare and historic certificate. SBNC. Fine