Auction Date:2014 Jan 15 @ 18:00 (UTC-5 : EST/CDT)
Location:5 Rt 101A Suite 5, Amherst, New Hampshire, 03031, United States
ALS - Autograph Letter Signed
ANS - Autograph Note Signed
AQS - Autograph Quotation Signed
AMQS - Autograph Musical Quotation Signed
DS - Document Signed
FDC - First Day Cover
Inscribed - “Personalized”
ISP - Inscribed Signed Photograph
LS - Letter Signed
SP - Signed Photograph
TLS - Typed Letter Signed
DS, signed “Walter E. Disney,” one onionskin page, 8.5 x 13, March 29, 1940. Four days before taking his company public, Disney is named president of his production company. In part: “The undersigned, Walter E. Disney, does hereby certify that he is the duly elected, qualified and acting president of Walt Disney Productions, a corporation organized and existing under and by virtue of the laws of the State of California; that there is attached hereto a full, true and correct copy of the second amendment to the registration statement relating to the 6% Cumulative Convertible Preferred Stock of said corporation as filed with the Securities and Exchange Commission pursuant to the Securities Act of 1933.” This historic document has been stamped by the California secretary of state's office ‘Received Apr – 1 1940.’ In fine condition, with central horizontal filing fold, two staple holes and very light wrinkling. Accompanied by a certificate of authenticity from Phil Sears.
Although Disney had, up to that point, never operated by standard business procedures, he was forced to reconsider the future profits of his features by 1940. This led him to do what he had always wanted to avoid—taking his company public—a necessary decision to enable Walt to bring his ambitious slate of full-length animated films to life. Eighteen months prior to drawing this agreement, Walt and Roy reorganized their company and created Walt Disney Productions Incorporated, with the shares being held by Walt and Roy and their wives. With this document, Walt Disney finishes some of the last legal details before the initial public offering four days later, and certifies with his signature that he is the President of Walt Disney Productions.
Auction Location:
5 Rt 101A Suite 5, Amherst, New Hampshire, 03031, United States
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