 The Rosendale Nordic Ski Club was organized on January 11, 1964, and immediately created the Joppenbergh Mountain Corporation (JMC) to manage the Joppenbergh property.Three hundred shares of stock were issued for the JMC, priced at $100 per share, to build a new slopeand to buy the mountain itself for $20,000 from its owner, Mary Sammons.The JMC gained control of the property on August 20, 1964, and immediately announced its intent to build a new ski slope on the site of the original one, as well as a parking lot capable of holding 10,000 cars.