DS, beautifully signed at the conclusion, “Walter E. Disney, President,” two onionskin pages, 8.5 x 11, May 1, 1954. Document sent to Walt Disney Productions in Burbank reads, in part: “We are the owners of 100 shares of the capital stock of Disneyland, Inc., a California corporation. We hereby grant you an irrevocable option to buy all, but not less than all, of such said shares for the price of $100.00 per share, which price, shall be subject to increase as follows: We shall be entitled to receive all dividends on any or all such shares so long as we remain the owner thereof...This document shall be binding not only on us, but any corporation with which we may be merged or may consolidate or which may acquire all or substantially all of our assets and on our successors and assigns.” In fine condition, with punch holes to left edges and a WED Entertainment, Inc. blind stamp seal over end of signature. Walt Disney Inc., was a joint venture between Disney himself, ABC, Western Publishing, and Walt Disney Productions. The company was formed in order to manage and build Disneyland in California. A provision allowed WDP to purchase ABC’s shares within seven years, which it did in 1960, after buying out Disney and Western Publishing, making Walt Disney Productions the sole owner of the park. A significant and highly desirable document related to his famous theme park. Pre-certified PSA/DNA and RR Auction COA.
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