| | | Kay Copper Corporation - Delaware | Beautifully engraved certificate from the Kay Copper Corporation issued in 1928. This historic document was printed by Security Banknote Company and has an
ornate border around it with a vignette of Abe Lincoln. This item has the signatures of the Company's officers and is over 78 years old. Folded with some signs of wear.
Certificate Vignette
Kay Copper Corporation was a reorganization of the Kay Copper Co. The former company got into financial difficulties in mid-1922, where forfeiture satisfied accrued debt. Crew stayed on as management of the mines site. Under new organization the company seemed to thrive well through 1926, at which time legal suite was brought against the company for alleged fraudulent stock sales, forcing the mines to close. As of 1930, plans for reorganization were in the wings. As one of the larger mining companies of its time, the Kay consisted of 153 claims, stretching over 3,182 acres, including mill acreage of 590. It seems that Kay officials couldn't, or chose not to live up to the original share-for-share trade agreement made upon incorporation in 1923.
(Ref: Neal, 1926, pp.294-296; 1931, pp.350-352 - Holabird).
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