Magic Mountain Inc. - Theme Park in Denver, Colorado - 1958 dated Stock Certificate
Inv# GS6865 Stock
Magic Mountain Inc., incorporated in 1957 by Walter Francis Cobb and John Calvin Sutton, was a company focused on developing a new theme park in the Denver area, Colorado. Their ambitious vision was to create a fun, family-oriented, and educational destination inspired by the American West, featuring attractions like the Magic Mountain Railroad, Cavalry Post and Stockade, and Centennial City, a reproduction of a western village. Initially aiming for a site on South Table Mountain, they shifted to a new location at Apex Gulch southwest of Golden due to local opposition.
Despite the grand plans and the involvement of C. V. Wood Jr., a former Disneyland vice president, financial difficulties plagued the project from the start. While parts of the park were constructed and even opened to the public in 1959, the company faced ongoing financial struggles and eventually closed in 1960. Efforts to save the park were unsuccessful, and its assets were eventually auctioned off, with rides moving to other parks. The core complex stood idle for a time before the site was acquired by Woodmoor Corporation in 1970 and resurrected as Heritage Square, a Victorian-themed shopping village that operated until its closure in 2018.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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