|102||Common stock||19, green & black||>5465||VF||$60-80|
Friend Motors Corporation
Incorporated in Delaware in 1920. Otis Friend, who signs this piece as President, acquired the Olympian Motor Company in Pontiac with a view to producing a car of his own design. He exhibited at the NY Auto Show in early 1921 but the company failed after only 50 cars were produced. Although he filed for bankruptcy in 1922 Friend turned up again in Warren, Ohio after forming the Colonial Motors Company.
Capital 300,000 shares preferred stock, shares $10 each and 300,000 shares Common stock of no par value.