Beautifully engraved certificate from the Golf Trust of America issued in 2003. This historic document was printed by the United States Banknote Company and has an ornate border around it with a vignette of the company's name and golf ball logo. This item has the printed signatures of the Company's Chairman and Secretary.
Certificate Vignette The Golf Trust of America was originally formed to capitalize upon consolidation opportunities in the ownership of upscale golf courses throughout the United States. Golf Trust of America, Inc. was incorporated in Maryland on November 8, 1996. From 1997 through 1999 the Golf Trust of America acquired interests in 47 golf courses, including a security interest in the four golf courses at the Innisbrook Resort and Golf Club which is located near Tampa, Florida. Unfortunately, the company got caught in a quicksand trap and had a double bogeyed. Since 2001, the company has dumped 38 of its 47 golf courses, some at huge losses, after its business plan misfired. the The Golf Trust of America is no longer traded after the stock dropped from a high of nearly $34 per share. History from OldCompany.com (old stock certificate research service).