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Frank Sinatra — Part 22
Page 101
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FRANCIS ALBERT SINATRA
AKA FRANK SINATRA
The following information was obtained by SA
from the files of the State Vaming Control Board,
vsrsen City, Nevada:
FRANK SINATRA is gn owner of record of 9 per cent
of the Sands Hotel. The following information with regard
to SINATRA was summarized on September 7, 1960, by the
Wawadn Mamdiwua Cantunld eee ed
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FRANCIS ALEFRT SINATRA is applying for e 25 per cent
interest in the Cal-Neve Lodge at Leke Tahoe at a cost of
£100,000.00. The investment is to ba financed by 8 loan from
The City National Bank of Beverly Hills, €alifornia, in the
amount of #100,000.0C. Seid loan will bear intorest at
6 per cent per annum and will be secured by a pledge of
shares {the exact numer to he negotisted) of Hobart Produc-
tions, Inc., stock owned by the applicant, Hobart Productions,
Inc., is expected to be dissolved in 1960, and upon such
dissolution, Mr. SINATRA will receive over *2,000,000,00 in
cash after income texes, He intends to use a portion of these
funds to repay the $100,090.00 loan received to finance this
Anvectmanrt _
Investments
Mr, SINATRA does not anticipate ective participaticn
in the management and cperation of the Cal-Neva Lodge.
The application was filed July 7, i560.
SINATRA certifies that he is a oitizen of the United
Etates, having been born at Hoboken, New Jersey, December 12,
1915, where he resided until 1939; that until 194) he lived
in Jersey City and Hasbrouch Heights, New Jersey, moving to
California in the Latter year; and thet since 19h, he has
resided in the Los Angeles sree,
! ent aver: , his first "steady" engagement
in the entertainment field was in Englewood, New Jersey,
t 1942, he was under contract as a singer
with TOMMY DORSEY and HARRY JAMES; that thereafter he was
62
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