Product code: Vintage stock certificate from Little Motor Kar Company newest issued in 1919. Framed.
Vintage framed stock certificate from Little Motor Kar Company issued in 1919. Framed by original owner. In the latter part of 1919, the Little Motor Kar Company was organized in Grand Prairie, Texas. Their product was to be called the "Texmobile", a 27 horsepower vehicle selling for $350. The Texmobile was first displayed at the Texas State Fair in Dallas during October 1919. This enterprise was too short lived to aid newest the economic welfare of the community, because, in August 1920, the company passed into the hands of receivership. In 1920 charges were filed against the man behind the operation, William Livezey, concerning how stock was sold to finance the company. Livezey and others were arrested and charged with fraud. It was discovered that the Texmobile "production" was no more than a few cars in various stages of completion. No two cars were alike. Livesay was sentenced to prison for five years. His signature is on the certificate.
Vintage framed stock certificate from Little Motor Kar Company issued in 1919. Framed by original owner. In the latter part of 1919, the Little Motor Kar Company was organized in Grand Prairie, Texas. Their product was to be called the "Texmobile", a 27 horsepower vehicle selling for $350. The Texmobile was first displayed at the Texas State Fair in Dallas during October 1919. This enterprise was too short lived to aid newest the economic welfare of the community, because, in August 1920, the company passed into the hands of receivership. In 1920 charges were filed against the man behind the operation, William Livezey, concerning how stock was sold to finance the company. Livezey and others were arrested and charged with fraud. It was discovered that the Texmobile "production" was no more than a few cars in various stages of completion. No two cars were alike. Livesay was sentenced to prison for five years. His signature is on the certificate.