"Le Rénovateur" was a Parisian company established at Boulevard Pasteur in the 15th arrondissement, issued this 100-franc share N°1,225 on 1 September 1901. The Belle Époque was a period of profound urban transformation for Paris: following the Haussmann renovations of the Second Empire, property development companies continued to transform the city's urban fabric. The Art Nouveau aesthetic of this certificate, characteristic of the 1900s, makes it a visually refined piece. The Boulevard Pasteur location, in the 15th arrondissement near Montparnasse, corresponds to a zone of active property development at the turn of the century. This share will interest collectors of Belle Époque Parisian art and history, Art Nouveau graphic design and 19th-century Parisian property companies.