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Show Vandenberg Village Vandenberg Village, consisting of 3,000 acres of optional property located adjacent to Vandenberg Air Force Base, is a complete residential community. A. golf and country club, motel facilities, and a shopping center represent the focal points of the project. At the end of 1963, 350 acres including 1, 100 developed residential lots, had been sold. Due to a leveling off in operations at the military base, home sales in the area declined to such an extent that local builders owned a surplus of completed and unoccupied units, a number of which were located within Vandenberg Village. Torrance The Company in 1963 held 102 acres of a 219-acre land parcel purchased at Torrance, California. During the year, 83 acres were sold to a contractor who was building a number of homes. Personnel Mr. George W. Vaughan, Vice President, passed away from a heart attack on September 14, 1963. 1963 Balance Sheet Current Assets $ 26,315,687 Investments 58, 612, 658 Other Assets 5,401,839 Equipment 30,343,742 $120,673,926 Current Liabilities $ 13, 624, 797 Long-term liabilities 40, 569, 247 Stockholders' Equity 66,479, 882 $120,673,926 |