Beautifully engraved antique stock certificate from the Pay-As-You-Enter Car Corporation dating back to the 1910's. This document, which is signed by the company Vice President, Treasurer and Assistant Secretary, measures approximately 11 3/4" (w) by 8 1/4" (h).
This certificate features a unique vignette of one of the company's pay as you enter trolley cars.
Very desirable piece.
You will receive the exact certificate pictured.
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 St., New York City.