Columbus Rexall Oil Co.

Columbus Rexall Oil Co.
Item# 4528
$29.00

Originally known as the Columbus Rexall Consolidated Mines Company, the Columbus Rexall Oil Company was incorporated in Utah, with offices in Salt Lake City.

The firm had properties throughout Utah, including an interest in a test well in the Paradox Basin field in San Juan County. It also owned a 100 per cent working interest in four 160-acre tracts near the well.

The company was plagued by a stock fraud scheme in the 1950s that led to the indictment of then Secretary Joel A. Burns (whose printed signature appears on this piece). Burns was indicted in the Southern District of Florida on May 31, 1961. On January 12, 1962, one count of the indictment was transferred to Utah. On January 26, 1962, Burns entered guilty pleas to two counts of the indictment, and the remaining counts were dismissed. Burns legal team eventually withdrew the guilty pleas and wrangled for another outcome, but the courts upheld the guilty pleas upon appeal review.




Close Up of Vignette:




Certificate: Capital Stock, issued in the 1950s

Printer: Not indicated

Dimensions: 8 1/2 (h) x 11 (w)

State: UT-Utah

Subject Matter: Oil Companies | Scandals and Collapses

Vignette Topic(s): Mining Scene

Condition: Vertical fold lines, no cancels, and some toning and edge faults from age.





All 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. Unless otherwise indicated, images are representative of the piece(s) you will receive.