Priority share of 500 francs to bearer issued in Tours in 1923.

Head office 44 Place Rabelais in Tours. French automobile manufacturer founded in 1906 in Tours, by François Rolland and Émile Pilain, mechanic, originally from Lyon. The company was dissolved in 1931.

Issue of 7,700 shares in the company's capital.

Pretty decorated frieze. Signatures of Pilain and Rolland.

With all the coupons.