Santa Clarita Valley History In Pictures

Newhall Land Issues Debt to Build Magic Mountain.


Issue No. 69-231 | December 3, 1969 (Excerpt)

NEWHALL LAND & FARMING TO SELL DEBENTURES.

The Newhall Land and Farming Company, 27050 West Saugus & Ventura Road, Valencia, Calif. 91355, filed a registration statement (File 2-35482) with the SEC on November 26 seeking registration of $35,000,000 of convertible subordinated debentures, due 1995, to be offered for public sale through underwriters headed by Dean Witter & Co., Inc., 45 Montgomery Street, San Francisco, California. The interest rate, offering price and underwriting terms are to be supplied by amendment.

The company is engaged in the acquisition and msnagement of California land and allied interests, including interests in gas and oil operations. Of the net proceeds of its debenture sale, $15,000,000 will be used in connection with the company's participation in a joint venture formed to construct and operate an amusement ride park at Valencia; $19,000,000 to finance construction and completion of additional income-producing improvements, including apartments and office and industrial buildings; and the balance for working capital. The company has outstanding 5,248,990 common shares, of which White Investment Company of California owns 29%; about 82% of the company's stock and all of the stock of White Investment is owned beneficially by descendants of Henry Mayo Newhall and members of their families. Thomas L. Lowe is president.


Issue No. 70-11 | January 16, 1970 (Excerpt):

SECURITIES ACT REGISTRATIONS. Effective January 15:

The Newhall and Land Farming Co., 2-35482 (40 days)

NOTE TO DEALERS. The period of time dealers are required to use the prospectus in trading transactions is shown above in parentheses after the name of the issuer.


MAGIC MOUNTAIN:
• Construction
• Rides Etc.

MAGIC MOUNTAIN
CONSTRUCTION 1969-1971

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Aerial View, 1969

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Aerial View, 1970

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Sky Tower

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Holiday Bazaar

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Metro

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Funicular

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