Description
The certificate (SAFR 17603, HDC 0031) was issued to Mr. V.P. McMurdo November 4, 1957. The certificate has two foil seals,
one gold and one red. The replica key is scotch taped to the red foil seal.The collection is processed and open for use.
Background
Panama Canal Company history: Panama Canal Company, is a corporation, the stock of which was wholly owned by the United States,
the Secretary of the Army being designated as the sole stockholder. Panama Railroad Company (name changed to Panama Canal
Company, Act of September 26, 1950, 64 Stat. 1038) was incorporated under federal charter (Act of June 29, 1948, 62 Stat.
1075). It is the governmental agency through which the United States carries on the functions necessary for the operation
and maintenance of the Panama Canal. The act of September 26, 1950 is superseded by the Panama Canal Commission, 1979. The
Panama Canal Commission, was established as an independent agency, effective October 1, 1979, by the Panama Canal Act of 1979
(93 Stat. 452), September 27, 1979, superseding the Canal Zone Government and the Panama Canal Company.