I like the unusual arch format for this certificate. This is one of five example listed by Cox. This company was started by Arthur E. Stilwell a noted railroad builder in the Midwest. Stilwell organized 41 company in his career many were railroads. This company was organized in May of 1895 to build a line of 80 miles distance from Kansas City to Pattonsburg Missouri. The line was completed in June 30, 1898. The K.C & N.C. railroad end up in the hands of receiver in June 2, 1900 when it failed to pay the interest on it's first mortgage bonds. The company was sold in foreclosure in Oct. 25, 1901 to the Kansas City, Peoria & Chicago Railway.