LUCILLE "LUCY" BALL - DOCUMENT SIGNED 05/22/1958 CO-SIGNED BY: DESI ARNAZ SR. - HFSID 171174
Sale Price $1,275.00
LUCILLE BALL and DESI ARNAZ
Lucille Ball and Desi Arnaz sign a document with George R. Doan about terms and conditions of his purchase of Class B common stock.
Typed Document Signed: "Desi Arnaz" as President and "Lucille Ball" as Vice President of Desilu Productions, Inc., 2p, 8½x11. Los Angeles, California, 1958 May 22. Agreement in letter form to George R. Doan, Desilu Productions, Inc., Los Angeles, California, regarding terms and conditions of his purchase of Class B Desilu Productions, Inc. Class B common stock. In part: "This will confirm the following understanding and agreement between us with reference to your rights and obligations with respect to Class B common shares of Desilu Productions Inc. which you are hereupon purchasing from us...you agree that if at any time during which you are employed by said corporation we shall obligate ourselves to sell or exchange all of our shares of common stock to any person, firm or other corporation, and if shall so request you will sell or exchange your shares of Class B common stock to such person, firm or other corporation for the same consideration per share...you will not sell or exchange all or any part of your shares...without first obtaining our written consent...Will you please indicate your consent to and approval of the terms of the agreement set forth in this letter by signing and returning to us the enclosed copy." Also signed: "GR Doan" under typed: "I hereby consent to and approve each and all of the terms of the agreement set forth in the preceding letter." At the time of this letter, Desilu Productions, Inc., owned by Lucille Ball and Desi Arnaz, was well on its way to becoming one of the world's largest television production companies. The previous year, DESI ARNAZ (1917-1986), Lucy's husband and co-star, had purchased the 14-acre RKO lot in Hollywood, and in 1958 the company, which was already producing The Lucille Ball-Desi Arnaz Show (1957-1960), launched two new series, the Westinghouse Desilu Playhouse and The Ann Sothern Show, both of which debuted in October 1958. LUCILLE BALL (1911-1989), who became one of the most prominent women in television, debuted in I Love Lucy on October 15, 1951. The show, which ran until June 24, 1957, financed the creation of Desilu, which Lucy and Desi formed to give them creative control over their show. Desilu, which also rented out space to other production companies, produced some of the greatest hit television series of the 1950s and 1960s, including Our Miss Brooks, Make Room for Daddy, The Dick Van Dyke Show, The Untouchables, Mission Impossible, Mannix and Star Trek. Lucy and Desi, who were married in 1941 and had two children, were divorced in 1960. After their divorce, Lucy bought out her husband's share of Desilu, which was then the world's largest production facility, for $3 million. She returned to television on The Lucy Show in 1962, the year Desilu sold the 13-episodes of the Westinghouse Desilu Playhouse back to CBS for $750,000 (it was re-run as The Lucy-Desi Comedy Hour as a summer series from 1962-1967). Lucy later starred on Here's Lucy (1968-1974) and Life With Lucy (1986). Lightly creased. Staple holes at upper left blank corners, slightly soiled at blank margins. Fine condition.
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