Pay-As-You-Enter Car Corporation
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Certificate Details
Product Details
Company | Pay-As-You-Enter Car Corporation |
Certificate Type | Preferred Stock |
Date Issued | March 21, 1912 |
Canceled | No |
Printer | Not indicated |
Signatures | Hand signed |
Approximate Size |
11 3/4" (w) by 8 1/4" (h) |
Product Images |
Show the exact certificate you will receive |
Authentic | Yes |
Additional Details | NA |
Value Reference |
Historical Context
The Pay-As-You-Enter Car Corporation was incorporated in Delaware on May 25, 1910, as a successor to the Pay-As-You-Enter-Car Company of New Jersey.
The company was formed for the purpose of exploiting patents relating to fare collections on street cars.
In March 1911, the Pay-As-You-Enter Car Corporation merged with the Pay-Within Car Company and the National Pneumatic Company of Chicago resulting in formation of the Prepayment Car Sales Company, located at 50 Church Street, New York City.