Hydrocarbon Chemicals Inc. stock certificate 1963
Very nice vignette of refinery equipment framed in a lab equipment bottle. Issued and cancelled. Light staining at the lower left. Dated 1963
Hydrocarbon Chemicals, Inc. was incorporated in New Jersey in 1949 and had offices in Newark. The company also had oil properties in Texas. The company declared for Chapter 11 bankruptcy protection in 1964, and eventually emerged, but never really gained its footing.
News article from 1964 (NY Times)
NEWARK, March 25 (AP)—A Federal Court judge signed yesterday an order preventing the sale or transfer of the Texas oil assets of Hydrocarbon Chemicals, Inc., of Newark until a further court order.
Judge James A. Coolahan acted on an application by Joseph H. Stamler, attorney for some Hydrocarbon stockholders. Mr. Stamler had successfully argued last December for a transfer of Hydrocarbon's petition for reorganization from the jurisdiction of a Federal bankruptcy referee under Chapter XI to that of a Federal District judge under Chapter X of the Bankruptcy Act.
Andrew B. Crummy, speaking for the reorganization trustees, said a new offer has been received for the Texas assets from Zimet Brothers of New York and that he expected other corporations to make offers this week.