company. DeCamp remained on the board until 1922, when the company settled the debt. During that time period, DeCamp prevented substantial improvements to the park or the town, as it was considered too costly an investment. Once Hershey regained control of the company, this made him realize that he should split his operations such that if the chocolate company ever failed again as it had, it wouldn't directly impact the town as the DeCamp period had. Hershey Estates established In 1927, the Hershey Chocolate Company was reorganized and divided into several independent entities under the ownership of Hershey Trust Company. The chocolate company was incorporated and renamed Hershey Chocolate Corporation (today known as The Hershey Company) on October 24. (A prior company called Hershey Chocolate Corporation existed in the early 1920s when National City Bank took control of Hershey Chocolate Company.) On October 30, the company became a publicly traded company on the New York Stock Exchange. The Cuban businesses held within the chocolate company were spun out into a wholly privately owned company called Hershey Corporation. The Hershey Industrial School remained a separate interest. All of Hershey's other non-chocolate business endeavors were incorporated into a separate entity known as Hershey Estates. The company was established on October 31, 1927, in Lebanon, Pennsylvania, with paperwork submitted on October 28. Milton S. Hershey owned 47 of the 50 shares in the company, and Ezra F. Hershey, John E. Snyder, and William F.R. Murrie each owned one share. A share was valued at $100, for a total capital stock of $5,000. On October 31, Hershey Estates elected to increase its capital stock from $5,000 to $50,000 and 46 of Hershey's shares were transferred to Murrie under Hershey Chocolate Company. The increase was issued for property. On November 12, Hershey Chocolate Company sold the property designated for Hershey Estates to the company for one dollar. On December 12, Hershey Estates relocated from Lebanon to Hershey. On December 20, Hershey Chocolate Company filed notice to the Dauphin County prothonotary's office and the Secretary of the Commonwealth's office that they were no longer connected in the operation of various companies including Hersheypark and Hershey Laundry. This formally separated operations between Hershey Estates properties and Hershey Chocolate Company operations. Company growth 1930s-1970s In 1933, The Hotel Hershey opened, becoming Hershey Estate's second hotel in Hershey. Hershey Estates was a conglomeration, having ownership of such things as