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Council for Tobacco Research

Minutes of the Meeting of the Board of Directors January 26, 1973 [St]

Date: 26 Jan 1973
Length: 5 pages
CTRMN004062-CTRMN004066
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Type
MINUTES
REPORT
Master ID
Ctrmn00000667-6967
Related Documents:
Request
118
Depository Date
25 Sep 1995
Named Person
Bantle, L.F., Ust
Bryant, D., B.W.
Edens, J.E., B.W.
Galloway, A.H., Rjr
George, W.B., Larus And Brother
Heimann, R.K., Amer Brands
Hetsko, C.F., Amer Brands
Hockett, R.C.
Judge, C.H., Lor
Tisch, P.R., Lor
Author
Hoyt, W.T., Ctr
Box
003
UCSF Legacy ID
rpq30a00

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' ~aw~ UOCUh!FNT SU81E, ;li::'rOI:XCIL FOR T013ACC0 IsC. "T TO AUG ~ EriflRqnOr; 0 ~ M.INLITES OF THE M:.'TING OF THE BOARD OF DIRECTOPS E?""' # JANUARY 26, 1973 • A meeting of the Board of Directors of The Council for Tobacco Rcseardh - U.S.A., Inc. was held i=ediately following the Annual Meeting of the members of The Council in accordance with Article V, Section 4 of the By-Laws at The Council office, 110 East 59th Street, New York, New York 10022 on the 26th day of January 1973, at 11:45 A.M. The mea:*ers of the Board of Directors present were Hessrs. Robert K. Heitnann of American Brands, Inc., Joseph E. Edens of Brown t Williawson Tobacco Corporation, W. Brooks George of Larus & Brother Ccrvany, Inc., House of Edgeworth, Preston R. Tis ch of Lorillard, A Division of Loews Theatres, Inc., Clifford Goldsmith of Philip Morris Incc_-~rated, A. H. Gallcc.:a7 of R. J. Reynolds Tobacco Company, and Louis F. Bantle of United States Tobacco Coopany, constituting the entire Board. The Chairman of the Board of Directors, H. H. Raaua, the Secretary, W. T. Hoyt, and the Vice President, Robert C. Hockett, were present. Also present by invitation of the Board of Directors were Messrs. Cyril F. Hetsko of American Brands, Inc., DeBaun Bryant of Brown & Williamson Tobacco Corporation, Curtis H. Judge, Lester Pollack, Arthur J. Stevens and A. W. Spears of Lorillard, A Division of Loews Theatres, Inc., Thomas F. Ahrensfeld, Jaaes C. Ba+ling, Chandler H. Kibbee and Alexander Holtzm=,n of Philip Morris Incorporated, Milliam S. Smith, H. C. Roemer and Charles B. Wade Jr. of R. J. Reynolds Tobacco Company, Edwin Jacob of Lauterstein t Lauterstein, Willi&m U. Gardner and Sheldon C. Som.ners of The Council for Tobacco Research - U.S.A., Inc. C ? R 6467 CONFIDGNTIAL: iNINN'ESOTA - - TUBACCO LITIGATION r•,, TR H N 00406r"',t
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The Chairsun opened the meeting and presented the min Board of Directors meeting held on Noveasber 10, 1972, which ver* . Directors on November 29, 1972. Upon motion duty made and seconded; reading of the minutes was waived and the minutes were The Chairman stated that in accordance with Article VII of the ty-Laws it vas in order to elect the officers of the Corporation. Upon motion duly made and seconded, it was unanimously RESOLVED, that the following are hereby elected as officers of the Corporation to serve until the next annual meeting of the members of the Corporation.and until their respective successors shall have been elected and shall qualify: Chairman of the Board President Executive Vice President H. H. W. H. H. T. Ramm Ramsa Hoyt Vice President Secretary Treasurer Assistant Secretary Assistant Treasurer Robert C. Hockett W. T. Hoyt John E. Cookman Elizabeth C. Kelley Elizabeth C. Xelley Upon motion duly made and seconded, it was unanimously RESOLVED, that DeBaun Bryant be and hereby is appointed a mesaber of the Pension Coaerr.ittee under the Retirenent Plan for Employees to succeed Addison Yeaman, DeBaun Bryant to so se_ve until his successor has been duly appointed. Upon motion duly made and seconded, it was unanimously RESOLVED, that the proposed general fund budget for the Corporation for the year 1973 as submitted to this meeting and to be filed as part of the minutes be, and the saae hereby is, adopted as the budget for the Corporation. Upon motion duly made and seconded, it was unanimously RESOLVED, that pursuant to Section 1 of Article III of the By-Laws, there is hereby assessed as dues for the year 1973 to be paid by Class A members the amount of $4,160,000; said sur+ being determined by subtracting from $4,190,000, the amount of the general fund budget for 1973, the amount of $30,000 being the anticipated contributions from Class B members; and further 2 CTR 6468 CONFIDENTIAL: FIINNESOTA TOaACCO LITIGATION CTR `1N
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I1. r, .L-.1 JU{J/L~.I I.J l1./,1. .. ID85 huN•DISSEMINATION ORDER M JIOGEg~ AND lj(E CASES. RESOLVED, that each Class A member is hereby assessed its proportionate part of said dues so assessed, the first installne::t of said dues so assessed to be paid by each such member to be an amount determined by such member on the basis of 1 cent for each 5,000 tax-paid cigarettes estimated by such member to have been produced by it in 1972 and each subsequent installment of said dues so assessed to be paid'by the respective Class A members in the sa.:.e proportion as their respective payments for the first installment. Upon motion duly made and seconded, it was unanimously PESOLVED, that the Treasurer, or in his absence or disability, the President, be, and he hereby is, authorized to 6etermine the date for the payment of each installment of dues assessed against Class A members, each such member to be notified at least ten days in advance of each such payment date. Upon motion duly made and seconded, it was unanimously agreed that xHEREJk.S: (a) by resolution adopted by this Board of Directors at its meeting held on January 28, 1972 the budget for the Corporation for the year 1972 in the amount of $3,506,000 was approved; (b) by resolution adopted by the Board of Directors at its meeting held on said date dues to be paid by Class A members for the year 1972 toward said budget were assessed in the amount of $3,476,000; (c) the installments of said dues so paid or to be paid by Class A members through December 31, 1972 aggregate $2,683,014; (d) the disburse:ner.ts made pursuant to said budget and the unpaid accrued liabilities with respect thereto as of December 31, 1972 total $3,297,389; and (e) the dues assessed in the a.•nount of $3,476,000 plus other amounts received from certain members in the amount of $30,750 exceeds the amount of $3,297,389 referred to in clause (d) by $209,361; be it RESOLVED, that the dues assessed against Class A members for the year 1972 be reduced by $209,361 or from $3,476,000 to $3,266,639. Mr. Goldsmith and Mr. Edens submitted their resignations as members of the Board of Directors, such resignations to take effect at the close of business on January 26, 1973. Upon motion duly made and seconded, it was unanimous ly RESOLVED, that the resignations of Hr. Goldsmith and Mr. Edens as members of the Board of Directors, such resignations to take effect at the close of business on January 26, 1973, are accepted with regrets. 3 cTR s469 CONFIDENTIAL: MINNESOTA TOBACCO LITIOATION CTR E,,s N 004064
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JHIS DOCUMFNI SUBJL, ~ 4985 The Chairman stated that in view of Hr. Goldsr~itha~~:-QISS~ ~I .&QQC L~S ^~~ON OROER' ` resignations it would be in order to elect their successors as DirectoN~ ~AASES. motion duly made and seconded, it was unanimously RESOLVED, that effective Ja.nuary 27, 1973, Joseph F. Cullman 3rd and E. P. Finch be, and hereby are, elected mersbers of the Board of Directors. tTpon motion duly made and seconded, it was unanimously RESOLVED, that the following Directors are hereby designated as members of the Executive Coamittee of the Board of Directors to serve until further action of the Board of Directors and until their successors have been designated and qualified: Joseph F. Cullman 3rd E. P. Finch A. H. Galloway Robert K. Heimann Preston R. Tisch There being no further business coming before the meeting, t-he same was adjourned. .4- Secretary ~ , 4 C T R E4 ;;u CONFIDfit:T1AL: i41hNESOTA TOBACCO LITIGATION CTR MN 004065
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Cj,n C6L.VciL Toit ToisAcco L..-iLAIscic-U.S.A., INc. 68,000 56,633 Proposed 1972. 1972 1973 Budget Exaenditures E',:_ze: SC:EN'TIFIC ADVISORY BOARD ADMINISTRATION Salaryt Chairman, Executive Vice President Expenses Salary: Scientific Director & Staff Expenses Services: Jldministrative t Other Provision for Retirement Payroll Taxes OFFICE EXPENSES Rent & Facilities Telephone t Telegraph Messenger, Postage & Expense Stationery t Supplies Insurance 07:SIT)E SERVICES Printing, Reproducing, Subscriptions Translations Exhibits, Special Reports i Services t THIS DOCUMENT SUBJECT lu AUG. ~, jQ85 NON•DISSEMINATION ORDER tli;M J-NQ M WES' 68,000 t Staff 120,000 110,591 114,000 20,000 11,485 18,000 260,000 192,935 270,000 55,000 38,307 55,000 95,000 88,390 95,000 35,000 29,335 40,000 16,000 10,333 16,000 601,000 481,376 608,000 LEO`ARD 2A}LV i ASSOCIATES, INC. SPECIAL SERVICrS, CONTINGENCIES t MISCELLANEOUS(1) !':.'HORIAL FtJND FOR DR. CLARENCE COOK LITTLE 72,000 71,577 76,000 14,000 13,582 15,000 4,000 4,035 5,000 4,000 2,171 3,000 20,000 15,294 18,000 114,000 106,659 45,000 41,103 45,000 5,000 1,521 4,000 50,000 42,624 49,000 58,000 56,152 58,000 90,000 71,326 90,000 25,000 25,000 1,006,000 839,770 990,0Co GRANTS & COtdTRACTS 2,500,000 2,457,619 3,200,000 $3,506,000 53,297,389 (1) Includes legal fees, outside consultants and other continges.cies. C TR CONFIUGNTIAL: IviINNESOTA TOBACCO LITIGATION $ 4,19-_ ,) 64 71 CTR HIN 0040~':~E-

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