XML 32 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
COMMON STOCK
12 Months Ended
Sep. 30, 2011
Equity  
Stockholders' Equity Note Disclosure [Text Block]

NOTE 5 - COMMON STOCK

 

Each share of stock is intended to provide the shareholder with a maximum free use of the park for 45 days per year. If the Company is unable to generate sufficient funds from the public, the Company may be required to charge shareholders for services.

 

A shareholder is entitled to a pro rata share of any dividends as well as a pro rata share of the assets of the Company in the event of its liquidation or sale. The shares are personal property and do not constitute an interest in real property. The ownership of a share does not entitle the owner to any interest in any particular site or camping period.

 

The Company redeemed two shares of Common stock from a single shareholder in the current quarter for $53,000. At this time the stock has not been retired.