LUCILLE "LUCY" BALL - DOCUMENT SIGNED 09/27/1954 CO-SIGNED BY: DESI ARNAZ SR. - HFSID 176954
Sale Price $1,020.00
LUCILLE BALL and DESI ARNAZ
In this document, signed by Ball and Arnaz in 1954, they agree to give four attorneys power of attorney to represent Desilu regarding tax consequences of the company's recapitalization.
Document signed: "Desi Arnaz/9-27-54/29/A", and "Lucille Ball/9-27-54/11/B" as officers of Desilu Productions, Inc. with four other Desilu stockholders, 5 pages, 8¼x11. Carbon copy on onionskin paper. 1954 September 27, with one signature dated Sept. 25, 1995. This document gives power of attorney to four different attorneys to represent Desilu before the Treasury Department (or any other federal department) regarding the tax consequences of the company's recapitalization. This document lists Arnaz as having 29 shares of Class A stock in the company and Ball as having 11 shares of Class B stock in Desilu. In its six seasons, I Love Lucy ranked third (1951-1952), first (1952-1955, 1956-1957) and second (1955-1956) in the Nielsen ratings. Comedienne LUCILLE BALL (1911-1989) and her husband, Cuban bandleader DESI ARNAZ (1917-1986) had formed Desilu, which became one of the world's largest television production companies, to produce I Love Lucy after CBS had denied Lucy's request that her husband play her spouse on the show. In 1957, Lucy and Desi sold the rerun rights to I Love Lucy to CBS Films for $5 million. They used the money to help Desilu Productions purchase the RKO motion-picture lot, where both had worked as actors years before. With their expanded facilities, the couple produced such successful programs as Our Miss Brooks, The Untouchables, The Danny Thomas Show, Mission Impossible and Star Trek. In 1960, when Lucy and Desi divorced, they divided Desilu's assets in half; two years later, Lucy bought out Desi for $3 million. MARTIN N. LEEDS, the Executive Vice President of Desilu, later joined CBS. In 1993, he published Desilu: The Story of Lucille Ball and Desi Arnaz. Lightly creased. Binder and staple holes at top of each page. Unidentified fingerprint on page 2. Otherwise, fine condition.
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