Beautifully engraved SPECIMEN certificate from the CanUtilities Holdings Corporation
. This historic document was printed by the B A Bank Note Company and has an ornate border with a vignette of a woman holding a compass and a scroll. This item has the printed signatures of the Company's President and Secretary.
CanUtilities Holdings Ltd., was an indirect wholly-owned subsidiary of ATCO Ltd., was incorporated under the Alberta Companies Act and was continued under the Business Corporations Act (Alberta) on March 30, 1984. CanUtilities Holdings Ltd. The Articles of Incorporation restricted its activities to the holding of Class A non-voting and Class B common shares of Canadian Utilities Limited and certain activities incidental thereto, including the borrowing of funds from time to time for periods up to 90 days in an amount not exceeding the quarterly dividend requirement on the Series A, Series B and Series C Preferred Shares (Preferred Shares). Additionally, the Articles of Incorporation permit CanUtilities Holdings Ltd. to receive and hold any non-cash dividends or assets (including shares of subsidiaries or affiliates of Canadian Utilities Limited) which may be issued or distributed by Canadian Utilities Limited to its shareholders.
Specimen Certificates are actual certificates that have never been issued. They were usually kept by the printers in their permanent archives as their only example of a particular certificate. Sometimes you will see a hand stamp on the certificate that says "Do not remove from file". Specimens were also used to show prospective clients different types of certificate designs that were available. Specimen certificates are usually much scarcer than issued certificates. In fact, many times they are the only way to get a certificate for a particular company because the issued certificates were redeemed and destroyed. In a few instances, Specimen certificates were made for a company but were never used because a different design was chosen by the company. These certificates are normally stamped "Specimen" or they have small holes spelling the word specimen. Most of the time they don't have a serial number, or they have a serial number of 00000. This is an exciting sector of the hobby that has grown in popularity over the past several years.