Tobacco Documents Online

41 November 24, 1943 A regular meeting of the Executive Committee of P. Loriillard Company was held today at the office of the Company, 1i7:9 West 40th Street, New York Cityr. There were present Messrs.: G. H. Hummel H. A. Kent E. S. Bowling W'. J. Halley J. S. Freeman F. Hopewell H. F. Temple Todd Wool Mir. Hummel, ChairmaII, presided, and tY1e Secretary acted as Secretary of'the meeting. t1n motion duly made and seconded, the read}ing,of the minutes of'the previous meeting, was dispensed with. (h1i motion of' Mi. Hopewel]l, seconded by Mr. Kent, it was unanimously RESOLVED: That the:folLlowing,reemployment of Vlarehouse Clerk and Sales- ma% listed below, with the authorization of the Sales Dept. and the approval of Hi.A. Kent, President, and 1P.Jr. Iialley, Vice-President, be and" the same hereby are in all respects approved, ratified, and conf'irmed: gt the rate of: Effective: Mrs. Lena Cohen $301per week 11/22/43 James Washington Karnes' 38' ~' n n On motion of' Dlr. Hopewel:l,, seconded by Mr. Temple, the fo]i]lowing ad- vertising,ezpenditure was in all respects approved, ratified, and confirmed;: Estimate #153of'J. Walter Thompson Company, dated November l4, 1943, cover- ing radio advertisi:ng,of OLD GOLD Cigarettes over Station Wa1pE, New Orleans, La., January 3' through March 31, 1944, at a cost of $2,09'2'.22'.. The Chairman stated to the: meeting, that some time ago: in connection withithe reorganization of D.A. S'chulte lnc. by virtue of', a claim for money due this Company, it had received 335 18j/]100 sha.res of $25 par value Pre.- ferred'Stock and 1508 33A0O shares of'$1 par value Common Stock of D.A. Schulte Inc., and that it has been deemed advrisable tolsell these shares of stock. Thereupon, on motion of Mr. Kent, seconded by M'r. Bow]iing,, it was unanimousi,y RESOLOED!: That the action of the: Wffiicers of' th3s:Company in selling throngh a, stock broker at market prices 335, 18/'100 stlares, of 12'5, par value. Preferred'Stock and!1505 33/100 shares of $1 par value Common Stock of' D.A. Schulte Inc., be:and the same is hereby authorized, approved, ratified, and confirmed, and the! proper Officers of the C'ompany, are hereby aathorized and directed'to db any and all things: necessary to effectuate *a9!d sale. On motionlof' Mr. Kent„ seconded by Mr. Freeman, it wasunanimousl'ty RE.SOLV'ED: That this Company contribute $]l, 000 1 to the New York and! Brooklyrn Federations of'Jewish Charities. C)n motioniduly made and seconded, the meeting,adjournedg ell~ v~f o~.;.,..... /.~ s sss4 Z0811 Secretary