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The New Hampshire town of Waterville Valley is part of Grafton County. The town is an island in the middle of the White Mountain National Forest and consists of around 42,000 acres, 41,300 of which are national forest. It was settled in the 1760s and incorporated in 1829. The chief industry was farming, and then it became lumber. Now a year-round resort community in the White Mountains, was once a summer destination, where vacationers could rent one of the 20 cottages owned by residents. In 1965, the Waterville Company, Inc. was established and bought all of the privately held land in the Valley, except for the 20 privately owned cottages, and built the Tecumseh Ski Area, successfully turning it into a full-time tourist attraction. Additionally, they have any manner of condominium timeshares.