0 bond certificate Cities Services Co. Oil company Mary D Cassini ornate 1986

Description

PLEASE, ONLY BIDDERS WITH A US-BASED MAILING ADDRESS.
Terms
1) I will only sell to people who have a US mailing address. If eBay shows that you are outside I will have to cancel your bids. Sorry.
2) Due to eBay's invoicing policies, a maximum of 20 items can be put on an invoice.
3) Please wait for me to send an invoice before you pay. I send all items insured or at least with a tracking number. The cost of this is included in the total s/h cost of listed in the ordering information.
4) Wins from the same day will be combined for combined s/h savings, but not for auctions over more than one week. Thanks!
5) I combine postage, so multiple items will be sent together for the higher of the shipping prices quoted. (For example, if you win a banknote with a .50 stated s/h rate and a heavier coin set with a .50 quoted s/h rate, they will be sent together and your total s/h would be .50.
6) I will combine the first 5 wins at the highest quoted price. After 5 wins I will charge an extra 25 cents per item sent at the same time, in addition to the base s/h.
7) Books will likely be sent media rate and may have to be sent separately from non-book items. Ask if you have questions on shipping.
Historic bond certificate.
Company:
Cities Service Company (an oil company, see below)
Owner:
Mary D Cassini (1986)
Zero coupon bond due in 1989 for 0.00
The company traces its heritage back to the early 1900s and oil entrepreneur Henry Latham Doherty.  After quickly climbing the ladder of success in the manufactured gas and electric utility world, Doherty in 1910 created Cities Service Company to supply gas and electricity to small public utilities. He began by acquiring gas-producing properties in the mid-continent and southwest.
In 1982, T. Boone Pickens, founder of Mesa Petroleum, offered to buy Cities Service Company. Citgo responded by offering to buy Mesa, which was the first use of what became known as the Pac-Man take-over defense; i.e., a counter-tender offer initiated by a takeover target. Cities Service also threatened to dissolve itself by incremental sales rather than being taken over by Mesa, stating that it believed that the pieces would sell for more than Pickens was offering for the whole. Cities Service Company located what they thought would be a "white knight" to give them a better deal and entered into a merger agreement with Gulf Oil Corporation. Late in the summer of 1982, Gulf Oil terminated the merger agreement claiming that Cities Service's reserve estimates were over-stated. Over fifteen years of litigation resulted. Ironically, two years later, Gulf Oil itself would collapse as a result of a Pickens-initiated takeover attempt.
In the chaos that ensued after Gulf Oil's termination of its deal, Cities Service eventually entered into a merger agreement with, and was acquired by, Occidental Petroleum Corporation—a deal that was closed in the fall of 1982. That same year, Cities Service Company transferred all of the assets of its Refining, Marketing and Transportation division (which comprised its refining and retail petroleum business) into the newly formed Citgo Petroleum Corporation subsidiary, to ease the divestiture of the division, which Occidental had no interest in retaining. Pursuant to an agreement entered into in 1982, Citgo and the Citgo and Cities Service brands were sold by Occidental in 1983 to Southland Corporation, original owners of the 7-Eleven chain of convenience stores.
Most all checks bonds and stock certificates have been cancelled, so will have staple holes, cancellation holes, ink stamps or other types of cancellations and
notations. Often they have been folded.
Scan is of item for sale. Don't miss out!
I have a number of other beautiful postal items, financial documents, banknotes and stock and bond certificates, as well as other historic items currently listed on eBay, so please see my other auctions.