DS, signed “Walter E. Disney,” two pages, 8.5 x 11, February 24, 1958. Document headed "Minutes of the 1958 Annual Meeting of the Shareholders of WED Enterprises, Inc.," in part: "Both of the corporation's only shareholders, to-wit: Walter E. Disney and William H. D. Cottrell, as Voting Trustees of WED Enterprises, Inc., were present…Royal Clark, the Secretary of the corporation, was also present…The President announced that the board of directors of the corporation should be elected. Whereupon, by a unanimous vote, the following persons were elected directors of the corporation to serve for the ensuing year and/or until their respective successors are elected: Walter E. Disney, Loyd Wright, Sr., William H. D. Cottrell, Royal Clark, Richard F. Irvine, Diane D. Miller, Sharon Mae Disney." Signed at the conclusion in blue ballpoint by Walt Disney and signed twice by William H. D. Cottrell; also signed by Royal Clark as secretary. In fine condition.
Walt Disney formed Walt Disney, Inc. on December 16, 1952, in order to fund and oversee the development of Disneyland; in 1953, he changed the firm's name to WED Enterprises, using his initials rather than his full name to avoid confusion with his film production company. He provided the startup money for the park from his own personal fortune, funneled through WED Enterprises. Since it was a separate entity from the Walt Disney Company, the development of the park could be conducted in secret and without disclosure to shareholders. A fantastic Disney document.
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