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DE. Cord Corporation, Auto Stock Certificate Proo

Vignette, title and text without border. Tri-motor airplane flying over speedboats, Dusenberg and Auburn Automobiles. Cord headed the Cord Corporation and owned two aviation companies,Stinson Aircraft and Lycoming Motors, two automobile companies, Auburn and Dusenberg, and five other engine manufacturers. In 1932, Cord formed the Airplane Development Corp. as a subsidiary of the Cord Corp.. In early 1932, Cord faced labor problemswith his airlines pilots and he sold both airlines to American Airways. By late 1932, Cord had purchased 30 percent of the stock in the Aviation Corporation and after a bitter stockholder's battle, Cord gained control of the company. In 1934, Aviation Corporation was required to divest American Airways which was promptly renamed American Airlines. Facsimile signature of E.L. Cord. Rare and historic certificate. SBNC. Fine