Getty Petroleum Corp.
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Product Details
Certificate Type
Common Stock
Date Issued
October 18, 1988
Canceled
Yes
Printer
Security-Columbian/United States Bank Note Company
Signatures
Machine printed
Approximate Size
12" (w) by 8" (h)
Additional Details
NA
Historical Context
In 1955, Leo Liebowitz and Milton Safenowitz co-founded the roots of the Getty Petroleum Corp. through the acquisition of a single gas station in New York City. Over the next 15 years, the company continued to assemble a portfolio of gas and service stations and built Getty Petroleum's predecessor entity, Power Test Corporation. Power Test went public in 1971 and grew to become the largest independent gasoline distributor on the East Coast.
In 1985, Power Test capitalized on an antitrust dispute involving the proposed acquisition of the Getty Oil Company by Texaco, Inc. and acquired all of Getty Oil Company’s Northeastern petroleum distribution and marketing assets. The transformational acquisition included gasoline stations, terminals and retail supply contracts, along with the Getty® name and trademark, and the Company changed its name to Getty Petroleum Corp.
Eventually, Getty Petroleum Corporation operated as a Jericho, Long Island-based real estate investment trust specializing in ownership, leasing, financing of retail motor fuel and convenience store properties.
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Additional Information
Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!
All of our pieces are original - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.