Cairo Trust Property Stock Certificate (Cairo, Illinois Drainage District)

Description

Cairo Trust Property Stock Certificate
This piece is an Ebay exclusive. We are only offering this piece here!
The price of this piece has been reduced again!!!
Original Price:
.99
First Reduction:
.97
Current Price:
.97
(you now save 40%!!)
The roots of this company date back to the 1840's with the formation of the Cairo City Company (from the remnants of the Cairo City and Canal Company.) The company became the Cairo Trust Property in 1876.
The company sold and leased land in Cairo's Drainage District. The district was officially established in 1889 and was enclosed by a series of levees 14 to 15 miles in length. The levees helped reclaim some 4,000 acres of land from the encroaching rivers (in particular, the Ohio) that flanked the city.
Cairo's levees were first built in 1851 and suffered natural deterioration over the years until the early 1880's when it was determined that they would need to be shored up to hold back the surrounding waters. The Cairo Trust Property, and its resident agent Samuel Staats Taylor, initially blocked the restoration effort, claiming the resulting tax increase would be too high. But a devastating flood in 1884 forced a compromise and the levee system was upgraded, leading to the formation of the Drainage District.
Frequently Asked Questions:
Is the certificate in this listing, the exact piece I will receive?
For this listing - no, t
he images are representative. We do this when multiple quantities are being offfered. You will receive a certificate in similar condition; however dating, denomination, certificate number and issuance details may vary.
Is this document authentic or a reproduction?
All pieces we offer are originals - we do not sell reproductions. If you ever find one of our pieces not to be authentic, it may be returned at any time.
Can this certificate be cashed in?
All of our certificates are sold only as collectible pieces, as they are either canceled or obsolete. Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied.
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