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Lorillard

Minutes, P. Lorillard Company Executive Committee Book No. 7

Date: 21 Nov 1951 (est.)
Length: 426 pages
04374083-04374508
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~ The Secretary laid before the .eeting the following: Lease dated October 9, 1953,fro= Charles J. Adler of Sooa 112 Professional Arts Bldg., Taaps, Tla., for one year froa Yo.eaber 1, 1953, at an annual rental of ;600.00, payable sonthly in advance, under terss and conditions tberein.set - out; which On sotion of Yr. Hope.ell, seconded by llr.-Jaales, vas in all respects approved, ratified and confiraed. , . Os sotion of Yr. Hopesell, seconded by Xr. Jaaes, it was snanisoaslf - HBSOLVSD: That this Cospanf contribute to the Federation of Jewish philanthropies the sun of $2,000.00. On .otion of Yr. Hope.ell, seconded by Yr. Tesple, it was ananisonal - ' 7 - - . RSSOLVSD: That this Cospanf contribute to the Coaittee on Religion in daerican Life the sua of $200.00. On sotion duly srade and seconded, the neeting adjourned.
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' 400 (a1,000,000), and in executing and delivering in the name of this Co=pany its promissory note evidencing said debt, bearing date of November 2, 1953, and payable at said bank ninet -one (91) days fros said date, with interest at the rate of 3~~ per annus from said date, be and the sue hereby ia in all respects approved, ratified and confir.ed.. On s+otion of Mr. Hope:ell•, seconded by Mr. Temple, it was nnanis,ons ly RESOLVED: That the following employments of Salesmen, with the authorization of the Sales Dept. and the approval of I. H. Peak, Vice President, be and the same hereby are in all respects approved, ratified and confiraed: ; At the rate of: Effective: Byron t. Lonaig-Nont =65.per week 11/2/53 :Jaaes C. Bone 55 w a Eugene R. Burns, Jr. 55 w John R. Feather 55_ 0 w _ : Bonnie LaZ . 55 w ._. Harold R. Madsen • 55 " ~ w Ralph G. propst 55 a On s+otion of Mr. Hope.ell, seconded by /[r. Temple, it was anani.ously RESOLVED: That the following employments be and the saae hereby are in all respects approved, ratified and confirmed: - Het York Office Donald Mellen Patricia Olmstead Mary Shebab Paul Brown Old Gold Branch ~ , Yagene l/. Dav iL Lt the rate of: Effective: $53 46 39 /40 ~ r ~ 46 f ' Louisville Branch Donald L. Ladenburger ; t . . 51 i -/On aotion of Ilr. Tesple,`seconded l l per .eek w w w byl/r- ~ 10/28153 10/30/53 w 11/2/53 ! . . 10/23/53 10/26/53 , ~. Blacknall, it was ~tnsa sona y : , l . - - I RSSOLYSD:. That the following increases in salary of Assistant Division Manager and Salesmen, each effective November 2, 1953, being incident to the terms of salary agreements or to established salary rate schedules covering work usignaents and in operation of an established plan of salary increases based upon sierit and/dr length of service within established rate ranges, be and the sue hereby are in all respects approved, ratified and confirmed: the rate ofs To the rate of: lroa ~ George A. Collis . $75 Richard L. Hausch 75 per week $80 per'.eek w so . . i 0 .i l I
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Thomas J. Lovett Glade •. Best - Charles B. foods Jackson A. Bagge Donald J. Cronin Hotard D. Haley Donald L. Holbrook Jerry B. Huntley Jack D. Damata Charles B. Haines On swtioo of Mr. Temple, seconded by Mr. Blactnall, it was . ananisously HBSOLPBD: That the following increases in salary, due to pro- sjotion or by reason of additional responsibilities and being indi- vidual nerit increases In operation of an established plan of salary increases based upon serit and/or length of service within established salary rate ranges, be and the saae hereby are In all . •respects approved, ratified and confiraed: Ze. York Office: lrom the rate of: To the rate of: Bffective: Marina Castoni $48 per week $56 per week 11/9/53 Louis LoCascio w 39 43 w w Peter Alexander 39 ' 43 0 0 [entucky Leaf Dept.: Robert P. Weiss =1.335 per hour 61 w - 10/22/53 •bitlock Branch: Robert B. Ledford :1.08} per hohr 46 0 . 10/26/53 program during the year 1953, were In all respects approved, rati- fied.and confirmed: ~ ~ Bstisrates'of Lennen & Ne.ell. Inc., as follows': #501, Supplement A, dated October 20, 1953, covering radio adver- tising of OLD GOLD Cigarettes on toreign language broadcasts, October 26, 1953 through January~23, 1954, at a total cost of $716.04, $563.76 of which In to~ e charged to the 1953 advertising budget, and $152.28 to the 1954 advertising budget when adopted; #502, Revise 1, dated August 13, 1953, covering radio advertising of OLD GOLD Cigarettes on "Bob Elson Sports Show," October 5, 1953, through October 1, 1954, at a total cost of $22,620.00, =5,568 of which is to be charged to the 1953 advertising budget, and ;17,052 to the 1954 advertising budget when adopted; Bstisate d14, Revise 2, of Young & Eubicaa, Inc., dated October 26, ! Ob motion of Mr. Hope.ell, seconded by Dr. Paraele, the follo.- ing advertising expenditures, all of which are a part of and within the sua of money authorized by the Board of Directors at meetings ,held October 15, 1952, and September 16, 1953, for an advertising I 1953, covering mgazine advertising of LBNT Cigarettes in dental publications, Deceaber 1953 through Noveaber 1954, at a total cost of $19,560.00, $1,630.00 of hich is to be charged to the 1953 ad- vertising budget, and $17,930.00 to the 1954 advertising budget when adopted. 1 I i
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''396 On aotion of 1Ir. Blacknall, seconded by Yr. Jaaes, •as in a11 respects approved, ratified and confirmed. ditiona therein set out, which Yidland, riich., for purchase of Dietbylene Glycol for use at the Jersey City, li. J. and Louisville, Ky. plants of the Company, January 1, 1954 through December 31, 1954, under terms and con- On Ou motion duly.rade and seconded, the meeting adjourned.
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Yoveaber 4, 1953 ^ 399 d regular aeeting of the Executive Conaittee of P. Lorillard Coapany was held today at the office of the Coapany, 119 fest 40th Street, Net York City. There were present Messrs.: •. J. Halley - • F. I. J. A. B. Hope.ell - B. Peak . J. Blacknall Jaaes B. Paraele S. F. Tesple , Lnna F. Toessner, Secretary In the absence of the Chairnan of the Board, Sr. Halley, - President, presided and the Secretary acted as Secretary of the Mse t ing . On notion duly sade and seconded, the reading of the tinutes of the previous .eeting was dispensed with. On aotion of 1[r. Peak, seconded by Dr. Paraele, it was unani- nously RESOLVED: That the action of Frank Hope.ell, Executive Vice President, and G. 0. Davies, Treasurer of this Coapany, in borros- ing on October 29, 1953, on behalf of this Coapany, froa Bankers Trust Cospany, 16 Wall Street, Nee* York, New York, the sun of One Million Dollars ($1,000,000), and in executing and delivering b the aaae of this Cospany its pro'issory note evidencing said debt, bearing said date and payable at said bank ninety (90) days from said date, with interest at the rate of 3}I, per annua froa said date, be and the sase hereby is in all respects approved, ratified and confirned. __ . On aotion of Mr. Peak, seconded by Dr. Parnele, it was unani- s+oasly / / RESOLVED: That the action of Frank Hope.ell, Ezecutive Vice President, and 0.0. Davies, Treasurer of this Coapany, in renewing on Novesber 2, 1953, on behalf of this Conpany, the loan eade August 3, 1953, froa Chenical Bank & Trust Coapany, 11 lest 51st Street, Rev York, New York, in the sun of One tiillion Dollars ($1,000,000), and in executing and delivering in tbe.naae of this Coapany its pronissory note evidencing said debt, bearing date of , foveaber 2, 1953, and payable at said bank ninety-one (91) days from said date, with interest at the rate of 3}% per annun fro. said date, be and the sase hereby is in all respects approved, rati- lied and confiraed. On notion of Mr. Peak, seconded by Dr. Parsele, it was nnani- sously ~ RESOLVED: That the action of Frank Hope.ell, Executive Vice President, and G. 0. Davies, Treasurer of this Coapany, in rene.ing on Noveaber 2, 1953, on behalf of this Cospany, the loan aade August 3, 1953, froa Cheaical Bank & Trust Conpany, 11 llest.5yst Street, New York, New York, in the sun of One Ilillion Dollars
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unan isous ly Dale D. Brown 55 " ~ w Glenn L. Hackett 55 " t Jr. 55 ^ Jennings John B , . Yichael B. Laler • 55 ° :. Michel 55 " George 1 . Stanley 1¢utterperl 55 " . w Christopher G. Sayre 55 ^ On rotion of Mr. Blacknall, seconded by Mr. Gruber, it was approved, ratified and confirmed: lished rate ranges, be and the same hereby are in all respects BBSOLOED: That the following increases in salary of Salesaen, each effective October 26, 1953, being incident to the teras of salary agreeaents or to established salary rate schedules covering work assignsents and in operation of an established plan of salary increases based upon serit and/or length of service within estab- At the rate of: Zffective: Snerett D. 8ailej; Jr. $55 per week 60 " 10/26/53 65 .' On asotion of Mr. Blacknall, seconded by 1[r. Gruber, ananinously w it was •-88SOLPBD: That the following increases in salary, each effec- tive xoveBber 2, 1953, by reason of additional responsibilities and being individual aerit increases in operation of an established plan of salary increases based upon serit and/or length of service within established salary rate ranges, be and the sa-e hereby are in all respects approved, ratified and confirmed: ~ lros the rate of: To the rate of: 1(ew York'Office e ek $65 per week Edward D'Avanso• $62 per w , 0 sotion of Mr. Blacknall, seconded by Mr. Gruber, it was nnaniaously / ~ Diana Jensen • 46 "' . 48 ~ 'B.BSOL4SD: That the rate of pay of Mary L. Edwards, Cafeteria Manager at the Old Gold Branch, be fixed at $76.00 per week,effec- Q .ltsereupon, 14 Mr. Halley stated to the seeting that in accordance with the ~ adoption of the new Oregon Business Corporation Act, effective ~ Deceeber 31, 1953, it is deeaed advisable to re-appoint The O Corporation Trust Corporation Systes, 800 Pacific Building, Portland 4, Oregon, or its respective authorized representatives, OD as the agent of this Cospany upon which or whoa service of pro- cess ssty be nade in suits and actions against this Cospany and •all legal notices served for all purposes in the State of Oregon.' tive Foveaber 2, 1953. /
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• On aotion of Mr. Halley, seconded by Mr. Walson, it vas unani- s~ovslF . . • . .. . .. . ~ . . RBSOLYBD: In coapliance with the provisions of the Oregon 8asiness Corporation Act, which becoaes effective Deceaber 31, 1953, this Cospany, a corporation organized and existing under the la.s of the State of New Jersey, hereby re-appoints as its agent for the service of process in the State of Oregon, The C T Corporation Systea, whose address is 800 Pacific Building, Portland 4, Oregon. On motion of Mr. Hope.ell, seconded by Mr. Gruber, the follo.- ing advertising expenditures, all of which are a part of and within the uaa of money authorized by the Board of Directors at seetings .Seld October 15, 1952, and Septesber 16, 1953, for an advertising prograa during the year 1953, •ere in all respects approved, rati- lied and confirned: Istinates of Young k fiubicas. Inc., a follows: ladio 01, Rev.. 1, dated October 9, 1953, covering.radio advertising of KENT Cigarettes on "Monday Morning Seadlines," August 23 through Hh•enber 15, 1953, at a cost of $50,482.25; 'l9-4, 1953, dated October 5, 1953, covering television advertising of g14'1' Cigarettes (sponsorship "The Web"), September 27 through Deces,ber 20, 1953, at a cost of $468,935.50; Estiaates of Lennen & Newell, Inc., as follows: 0505, Revise 1, dated Septeaber 28, 1953, covering television adver- tising of OLD GOLD Cigarettes (sponsorship "'iro for the Yoney"), August 15, 1953, through August 7, 1954, at a total cost of =2,057,445.68, $773,246.18 of which is to be charged to the 1953 advertising budget, and $1,284,199.50 to the 1954 advertising bud- get when adopted; 0510, dated September 30, 1953, covering television advertising of OLD GOLD Cigarettes (sponsorship "Chance of a Lifetiae"), September 11 through Decesber 4, 1953, in the sun of $203,946.58; #511, Suppleaent 1, dated September 30, 1953, covering newspaper advertising of OLD GOLD Cigarettes, October 5 through Hovenber 23, / 1953, at a cost of $15,520.00; /0512, dat d October 2, 1953, covering radio advertising of OLD GOLD ! Cigarettes (sponsorship "T.o for the Yoney"). October 3, 1953 through September 25, 1954, at a total cost of $824,979.20, $204,828.11 of which is to be charged to the 1953 advertising budget, and =620,151.09 to the 1954 advertising budget when adopted; Zstiaates of Albert Frank-Guenther Law, Inc., as follo.s: Dated October 6, 1953, covering advertising of OLD GOLD Cigarettes in financial newspapers, as therein set out. October 15 through sovesber 1, 1953, at a cost of $12,554.40; Deceaber 1, 1953, at a cost of =12,554.40. 1 Dated October 6, 1953, covering advertising of OLD GOLD Cigarettes in financial newspapers, as therein set out, Hoveabvr 17 through ..r The Secretary laid before the seeting the following: l~ ' Contract dated October 15, 1953, with The Dow Chesical ConpanF.
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,L"' _..:.:- L~~ 394 =ro, the rate of: To the rate of: Effective: Eicholas 3loviko.sky $41 per week -=44 per week 10/26/53 Ralph Stabile 55 " 59 " - " John Ziats 39. ~ 41 Old Gold Branch: Ignatius J. 1[eszino w 50 0 56 10/19/53 Lvuisville Branch: Mary f. Beeler u.: ... 45 " • 47 ' 10/9/53 Erson H. Bentley 1.335 per hour 61 per .eer 10/16/53 -'- .~r= On s,otion of Mr. Temple, seconded by Mr. Jaaes, the following advertising ezpenditure,.ahibhlis-a part of and within the suss of soney authorized by the Board of Directors at seetings held October 15, 1952, and Septeaber 16, 1953, for an advertising prograa during the year 1953, was in all respects approved, ratified and confirned: . v F Estioate #509 of Lennen & Eevell, Inc., dated August 28, 1953, cover- ing cost of postcards to be distributed at television progras adver- tising OLD GOLD Cigarettes ("Judge for Yourself," "Two for the Yoney,' _ and "Chance of a Lifetiae"), in the sus of $542.50. On sotion duly aade and seconded, the seeting adjourned. "--~' I 1 8 cr t _ e e a.ry.
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October 28, 1953 395 A regular .eeting of the Executive Cossittee of P. Lorillard Cospany was held today at the office of the Cospany, 119 West 40th Street, New York City. There were present Messrs.: H. A. Lent ."f. J. Halley F. Hope.ell I. H. Peak H. B. Parsele F. 1[. Talson H. F. Teaple •nna F. Toesaner, Secretary Hr."Lent, Chair.an of the Board, presided and the Secretary acted as Secretary of the aeeting. On sotion duly sxde and seconded, the reading of the inutes -of the previous seeting vas dispensed with. On .otion of Hr. Teaple, seconded by Dr. Par.ele, it •as ananis+ously ; 1tB30LVSD: That the action of I. H. Peak, Vice President, and G. O. Davies, Treasurer.of this Coapany, in borrowing on October 27, 1953, on behalf of this Coapany, froa The Rational City Bank of Hee York, Tiaes Square Branch, Hee York, ltee York, the sua of One Million Dollars ($1,000,000), and in executing and delivering in the nase of this Coapany its prosissory note evidencing said debt, bearing said date and payable at said bank ninety (90) days froa said date, with interest at the rate of 31`b per annua from said date, be and the saae hereby is in all respects approved, ratified and coniiraed. • On notion of Mr. Teaple, seconded by Dr. Paraele, it was ananisously i ~ HSSOLPSD: That the action of F. Hope.ell, Executive Vice - President, and G. O. Davies, Treasurer of this Coepany, in renewing I on October 26, 1953, on behalf of this Cospany, the loan .ade July 27, 1953, iros First a 1lercbants National Bank, Hichaond, Virginia, in the sua.of Two Hundred Thousand Dollars ($200,000), and in execut- ing and delivering in the nase of this Conpany its promissory note evidencing said debt, bearing date of October 26, 1953, and payable t at said bank ninety-one (91) days !ro said date, with interest at ' the rate of 3}`L per annus froa said date, be and the saae hereby is in all respects approved, ratified and conlir=ed. . i On notion of Y.r. Hopewell, seconded by 1Er. Gruber, it •as unaai ~ sously . . . . . . Vice President, be and the saae hereby are in all respects approved, Q~ . . , . .. , RESOLVED: That the folloring esploysents of 8aless,en, with the authorization of the Sales Dept. and the approval.of I. H. Peak. ratified and confirmed: . - . ' ~ ' . - . 1 . . . , . 4..' ... • ~.a , , '. .. '^ ` L . ' , : `:-~,3 ;',~ ~ ~ - •. 1~ 7.. A. ~, .E ~- J. J. Blacknall' L. Gruber '- A. Jaaes • . . .. .. ~ .
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r 3y`~ - - - October 21. 1953 _ .. ,... . ~ . -i' . . • regular meeting of the Executive Coaaittee of Cospany was held today at the office of the Cospany, Street, He. York City. .iLere were-present Yesars.: H. A. Lent T. J. Halley ' Z. Hope.ell •J. J. Blacknall L. Gruber A. Jates " T. H. talson P. Lorillard 119 Test 40th H. T. Tesple /,nna ?. Yoessner, Secretary Hr. Lent, Chairsnn of the Board, presided and the Secretary acted as Secretary of the meeting. On notion duly nade and seconded, the reading of the sinates• - of the previous aeetine was dispensed with. On sotion of Hr. Hopewell, seconded by Mr. Tesple, it was •nani.ously HB.SOLVSD: 'That all checks drarn against any of the funds of this Company on deposit with the National City Bank of New York, Tises Square Branch, Nee York, New York, to the credit of the ' Aviation Account shall bear.the signature of any one of the following: . _ ~ . ! Chairsan of the Board President tzecutive Vice President Vice President Vice President Vice President "Vice President iTreasurer Secretary • •sst. Secretary & Asst. Treasurer Aset. Treasurer i This resolution supersedes all previous nection with the signing of such checks. On sotioa of 1[r. Gruber, seconded by ltr. nonsly resolutions in con- Jaaes, it .aa unani- HXSOLYBD: That the following esploysents of Sales.en and Clerk~ with the authorization of the Sales Dept. and the approval of ~ !. Hopeeell, Executive Vice President, be and the saae hereby are in all respects approved, ratified and confiraed: ~ . -S. A. LLent -i .£..;. . T. J. Halley l. Hope.ell 1. S. Peak L. Gruber _ J. J. Blacknall J. Jaaes 6. 0. Dav ies lnAa ?. Toessner !J H. Teiste Z: •. Nausann . .=. _. L. Beard, III .. C.. Y. Hascup. ' , - At the rate of: Sffective: (D W __
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Rita warsha*sty • $65 per,veek Robert H. Balzivic 55 Clarence I. Hickey 55 David B. Repass On notion of Yr. Gruber, secanda44 by 1(r. Jaaes, it was anani- onsly ; RBSOLVSD: Tbat the follorini eLploysents be and the sape here- by are in all respects approved, ratified and confirssetd: X k Of f i Y At the rate of:, Sffective: ew ce or ldvard F. LfcGo.an $58 per week 10/14/53 Jane A. Caapbell 39 " 10/15/53 Dorothy C. Oring w 53 w Ira Grief w 41 Doris Riefler 65 0 Anna H. Casey so w On notion of Yr. Blactnall, seconded by Mr. Hope.ell, it eas unan isous ly RSSOLYSD: That the following increases in salary of Division Manager and Salessien, each effective October 19, 1953, due to pro- sotion or being incident to the ter.s o1 salary agreesents or to established salary rate schedules covering work assignnents and in operation of an established plan of salary increases based upon srerit and/or.length of service within established rate ranges,..be and the saie hereby are in all respects approved, ratified and coa- f iraed : ~ =SSOLYSD:. That the following increases in salary, due to mo' pro.otion or by reason of additional responsibilities and being W individnal nerit increases in operation of an established plan ~ of salary increases based upon serit and/or length of service .Z1 vithin established aalasy rate ranges, be and the sasie hereby are 0 in all respects approved, ratified and confiraed: tillias H. Brown, Jr. $65 Jaaes C. Chestnut 73 Franklin S. Bjerstedt 65 Joseph P. Yastaadrea 65 •illias LeRoy Lightfoot' 60 Jack 1[. 1[cDonald, Jr. 60 60 Loa is P. 1[cllahon _ Troa the rate of: To the rate of: Zffectiv~e~a
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He. York Of f ice ea.00 per br. for 40 hrs _ -lrrank ri. Becker $55 per week Charles S. Blos,quist 55 Nathan S. Armstrong 55 w Herbert O. Craig 55 w Billiaa G. Daly 55 w Ben A. Henry, Jr. 55 w Charles 8. Jaies 55 w Barry . [arstens ' 55 . Thomas J. Yaseno. 55 w Roy H. YarYuaon 55 • Claude B. Tatson 55 William G. •inn 55 w Robert L. Ray Frederick Ooss 40 per sronth• 43 per week nnaniaously 10/13/53 0 10/12/53 w . w w w 0 w 9/30/53 On .otion of Yr. Temple, seconded by Mr. Gruber, it .as BBSOLYSD: That the following employments be and the same bereby are in all respects approved, ratified and confirmed: service within established rate ranges, be and the same hereby are in all respects approved,•ratified and confirmed: J ' ririan Dubin " $43 per week 10/8/53 unanimously -,.•Yargaret C. iirtz 51 w 30/5/53 ~ On aotion of Mr. Gruber, seconded by rir. Jaaes, it .as ~= Old Gold Branch !~ RSSOLVHD: That the following increases in salary of Assistant Division tfanager and Salesmen, each effective October 12, 1953, being incident to the teras of salary agreements or to established salary rate schedules covering work assignments and in operation of an es- .tablished plan of alary increases based upon merit and/or length of Duff William J . ~ y , Melvin A. Schaller John B. BordeaYircher ,--•'James B. Hall, Jr. "Patrick D. Yaloney At the rate of: Effective: At the rate of: Effective: 13' 01 the rate of: To the rate of: $78 per week $83 per week / 75 . ao ~ 70 w 75 d 70 . 7S w w 65 70 O " 63 68 ~ ' 60 w 65 ww ' ~ 60 ~ 65 " Q 60 r 65 • ~ 60 65 ` ~ 60 w 65 w ~ 60 . 65  ~ 60 .65 ` 60 « 65 " 60 w 65 60 w 65 w .A.lezander A. Lotlarek ' George w. Drake Zd.ard B. Freeman Yarl •. Holler Tiliisan J. Lankford Frank F. 1lathias Xed T. McCabe Barry f, Molter Lenneth A. Hilson Guy 1[. Nix • Jaaes A. Younger r ( ( /
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zHSOLVBD: tIu t the following increases in salary, effective October 19, 1953, due to promotion or by reason of•additional respon- tablished plan of salaty increases based upon verit and/or length of service within established salary'rate ranges, be and the saae hereby are in all respects approved, ratified and confirsed: sibilities and being individual erit increases in operation of an es- lroa'the rate of: Xe. York Office Sose Pasley $49 per week Trances Stout 43• " Jane t. Yallon 48 __ '" . Old Gold Branch •illiaa J. Ashaore I 72 . John H. YcCartby 74 • Yarian ioc 62 HarY Perrini 48 ZvelYn 1[. S.ith 51 . To the rate of: '- $51 per week • 46 " 31 82 32 - 68 51 53 . . . The Secretary laid before the seeting the following: Lease dated August 19, 1953, fros lhe Hutton SettleKnt, Inc., of Rooa 425 Hutton Bldg., Spokane, oash., for one year froa October 1, 1953, at an annual rental of $408.00, payable nonthly in ad.ance, ;~ snder terss aad conditions therein set out, which On sotion of Ilr. Hope.ell, seconded by Yr. Gruber, was in all re- spects approved, ratified and conf irsed. On notion of Kr. Gruber, seconded by Itr. Hope.ell, it .as unani- siously r SBSOLVED: That this Cospany contribute to tbe arthritis and/ theuaatiss Foundation. Hes York City, the sna of $2S0.00. I I On notion duly srade and seconded, the eeting adjourned.
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• . ..1 - <,. _ . „? :j: 1 On iotion duly made and seconded, the meeting adjourned. e5z-.-.... ~r 7A4-4-.-,...,. aecretary. . . .. - --.. . _ . , - . . . . _ • _ 1: , . _ , . .'71.i . . .. . . ,~~~ •y.=... . .. : ,-_ - ,. v.-.. . _.r_ ~,_,.,..-~....- _. . ..... rr.~.+arw~.w. .,~_ ..:.~._ . - .,...,....v._. .-. --.- -..,. ..:..._-- . ...~..._..l._ 388 Foundation for Infantile Paralysis, for 1954, the snn of $1,000.00. • On s,otion of Itr. Peak, econded by rir. Graber, it was nnani- s,onsly - • ~ =- . '- g880LYED: •7hat this CoapanT contribute to Friends of Kentucky Libraries, for the Kentucky bookmobile project, the sua of $9,000.00. : 4 _ r ,. . - . .. . . . : ; . '{ . -• I ...
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L regular aeeting of Cospany was held today at Street, Ne• York City. the Ezecutive Coriittee of P. Lorillard the office of the Cospany-, 119 •est 40th Shere were present Messrs.: -. H. w. F. J. I. L. A. H. F. F. A. [ent J. Halley Hopesell J. Blacknall H. Peak Gruber Jaaes B. Parsele M. Talson H. Tesple Anna F. Toessner, Secretary Hr. Lent, Chairsan of the Board, presided and the Secretary. aeted as Secretary of the s+eeting. On notion duly sade and seconded, the reading of the inntes of the previous aeeting was dispensed with. On sotion of Mr. Hopesell, seconded by Yr. Teaple, it was nnaniaously of One Hillion Dollars ($1,000,000), and in executing and delir- ering in the naae of this Cospany its protissory note evidencing said debt, bearing said date and payable at said bank ninety (90) days fros said date, with interest at the rate of 3j: per , annna froa said date, be and the saae hereby is in all respects approved, ratified and confirsed. RESOLVED: That the action of I. H. Peak, Vice President, and G. 0. Davies, Treasurer of this Cospany, in borrowing on October 7, 1953, on behalf of this Cospany, fros Guaranty Trust Cospany of New York, 140 Broadway, New York, New York, the sua On,sotion of Mr. Hopewell, seconded by Mr. Temple, it was ananisously IIHSOLVSD: That the action of I. H. Peak, Vice President, ' and 0. O. Davies, Treasurer of this Cospany, in borrowing on October-9, 1953, on behalf of this Cospany, froa 1Sanufncturers -Trust Coapany, 55 Broad Street, Ne. York, New York, the sns of Qne Million Dollars ($1,000,000), and in executing and delivering in the nase of this Coapany its prosissory note evidencing said debt; bearing said date and payable at said bank ninety (90) days fros said date, with interest at the rate of 3j% per annua fros said date, be and the sase hereby is in all respects-approved, ratified and confirsed. . ~ On aotion of ltr. Tesple, seconded by Mr. Grabel, it vas ~ 'naninously . - W RESOLVED: That the following esploysents of Saless,en and O i Warehouse Packer, with the authorization of the SaleA Dept. and the approval of I. H. Peak, Vice President, be and the saae to hereby are in•all respects approved, ratified and cobfirmed: (Z) • - t: •:. ; . 1. 1. -. --s "- .• 0
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386 On sotion of Kr. Teaple, seconded by rir. Peak, it sas unanimously lZ8OL7ED: That thia Company present to Yrs. Elizabeth Pa.ers, Vido* of Mr. Yrank L. Powers, the sun of $1,380.00 In 1953, and =1,380.00 In 1954, or a total•of•;a,760.00, being equivalent to Yr. Po.ers' salary for a period of six months, in accordance with the established custom of the Company in such cases, In recognition of the outstanding services rendered by llr. Posers to this Company for so-•rsan7 years, and that the proper officers of this Company be and they•hereby are authorized and directed to carry out the terms of this resolution. ~ ratified and confiraed: RESOLVED: That the following esplo7sents of Salessen, with the authorization of the 8ales Dept. and the approval of I. S. Peak, Vice President, be and the saae hereby are In all respects approved, Unaais,ously On motion of Mr. Peak, seconded by Mr. Temple, it sas = Lt the rate of: iffective: . William 0. Parrish :65 per week 10/5/53 Walter Brown, Jr. M 55 w John L. Dix .55 w . Sd.ard d. Iversen -55 w . --John II. Leonard 55 . w Bobby 3torton 55 . . t. ltichard Paul 55 ~ r Sa.ard S. Bassassen 55 w Jack P. Schlegel 55 - -IIoy Y. Wilder 55 . w Thomas L. Ilinn $40 per eonth* 10/1/53 John A. lfclfahon, Jr. 40 0 w y1.00'per hr. for 40 hrs. On sotion of Br. Peak, by Itr. _ Tes,ple, it was That the following employments be and the sase RESOLVED: hereby are In all respects approved, ratified and confirmed: - - >t tbe rate of: Effective: seconded ~ - unaaiaoasly Bes York Ya" talione .Zleanor Berke ' >ana-Braccio tnbie Barwick Old Gold :.James •.-Dow Off ice Branch $45 per •ee1: ~ ' 46 - 39 43 -31; ~ seconded 'On aotioa of rir. Temple, unasiaovaly RESOLVED: That the following 20/5/5s w ~ 10/6/53 . . . , . :.., ~ 9/30/53 by ltr. Parsele, it mas _, . increases In salary of Division 0 .O ' .-w . ~ ~ I
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~38? ~ Managers and Salesaan, each effective October 5, 1953, due to promo- .. 0 tion or being incident to the terss of salary agreements or to es- ; j tablished salary rate echedales covering work assignments and in r operation of an established plan of salary increases based upon ithin establiahed rate raoges, be /o l f i ce e .erit and r eneth o serv and the sase hereby are In all respects approved, raiizisa ana ava- firaed: Tros the rate of: To the rati of: • ' . . ' . . J ' . Malcolm L. Baker $70 per week $85 per eeek Berman L. Tottleben 68 ^ 80 0 Clarence A. Walker 60 ^ "65 ^ On motion of Mr. Temple, seconded by Dr. parsele, it was unani- mously RESOLVED: That the increase In salary of Betty Bean, employed .at the Ne. York Office, from the rate of $65 per week, to the rate of $70 per week, effective September 28, 1953, by reason of addi- tional responsibilities and being an individual merit iacreaae In operation of an established plan of salary increases based upon merit and/or length of service within established salary rate ranges, be and the same hereby In in all respects approved, rati- f ied and confirmed. On sotion of Mr. Gruber, seconded by Mr. Temple, the following advertising expenditures, all of which are a part of and within the sums of money authorized by the Board of Directors at seetings held October 15, 1952 and September 16, 1953, for an advertising program during the year 1953, were in all respects approved, ratified and. confirsed: Estisates of Lennen k IIe.ell, Inc., as follo": .0497, Revision 1, dated September 18, 1953, covering weekly and labor newspaper advertising of BEECB-NV! Tobacco, August 10, 1953 through January 25, 1954, at a total cost of $15,574.06, $13,139.33 of which is to be charged to the 1953 aadvertising budget, and $2,434.73 to the 1954 advertising budget when adopted; #507, dated September 11, 1953, covering television hitchhike ad- vertising YIIBIEL Cigars on "The eb," "Two for the tioney,""Chance ,pi.a_Lifetiae," and "Judge for Yourself," January 1 through Deceaber 31, 1953, at a cost of =14,261.28; #507, Supplement A, dated September 14, 1953, covering television bitchhike advertising of 1[IIBIEL Cigars on "Chance of a Lifetine,^ for three weeks beginning September 11, 1953, at a cost of $226.39. of Mr. Gruber, seconded by Mr. Temple, it was anani- O rQ lbat this Company contribute to the Travelers Aid (,j York, for 1953, the sua of $250.00. - ~
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, _..~..,,.-_., ._..~,,:. 384 $1,105.41, to be charged to the 1954 aadvertising budget when ... ... ._ . _ _ • . .. .. .,r. .t ~ ... t' . .J.'L' . . _.. G .°j' . ~ _ .-,.... . . . .. _ . . t ' i• : . . _ . . . . .:~_.. . c. - _ ~ . . . adopted. The 8ecretary laid before the ssetinH the following: Contract dated August 12, 1953, with Carbide and Carbon Chesicals Coapany, )fes York, x. Y., for purchase of Propylene Gllcol for ase at the Jersey City, ]I. J., Louisville, Yy., and Richnond, Ya. plants of the Co.panY, Septeabeer 1, 1953 throngh August 31, 1954, under term and conditions therein set out, which -- On aotion of 1[r. Hopeeell, seconded by ttr. Gruber, was all respects approved, ratif ied and coniir.ed. ~ On ootion of Mr. Hallel, seconded by Yr. Janes, it was aaanisously .. On notion duly s,ade and seconded, the sseting adjourned. . . Tand the sna of $1,000.00. ItESOLYHD: That this Coapany contribute to United Hospital .._. , -. _. l ~ • ' r...._a. : . ~'.J.. ~-l• . . . . ..._ , I -. ... . ._•• ...t: . . r ~ `
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1 i'~.vli..w'a..~w.a......~.-..~~.. . L regular meeting of Company was held today at Street, ltew York City. There were present L. Gruber H. B. Paraele . H. !. Temple _ Anna l. toessner, Secretary Kr. [ent, Chairman of the Board, presided and the Secretary acted as Secretary of the meeting. On s,otion duly aade and seconded, the reading of the s+inates the sus of One Million Dollars (i1,O00,000), and in ezecatir.g and deliverin3 in the name of this Conpany its promissory note ea-. dencing said debt, bearing said date and payable at said bankk sinety-one (91) days from said date, with interest at the rate of 3}T, per annua from said date, be and the same hereby is ia all respects approved, ratified and confirmed. RESOLVED: That the action of ?. Hopeeell, Ezecntive vice President, and G. O. Davies, Treasurer, of this Company, in borrow- ing on October 5, 1953, 6n behalf of this Company, from Public Yational Bank and Trust Company, 37 Broad Street, Iie. York, He. York, mously - On syotion of Mr. Peak, seconded.by Mr. 2bsple, it *as anani- • sously ` . ZBSOLiBD: That the action of T. Hopewell, Executive Vice President, and G. O.-Ltivies, Treasurer of this Company, in borrow- ing on October 1, 1953, on behalf of this Cospany, fros 2be Chase Xational Bank, 18 Pine Street, New York, llee York, the sua of One Million Dollars ($1,000,000), and in executing and delivering in the name of this Company its promissory note e.idencinQ said debt, bearing said date and payable at said bank ninety,(GO) days from said date, with interest at the rate of 3;o per annum from said date, be and the sase hereby is ia all respects approved, ratified and confirmed. , On .otion of Mr. Peat, seconded by Hr. Te=ple, it ees nnani- of the previous Meeting was dispensed with. The Chairman of the Board stated to the meeting that Mr. lrank L. Powers, Buyer of burley tobacco on the Carrollton, [y., market and Supervisor of purchases on the Southern flne-cnred markets, an employee of the Company for many Years, died on aepteaber 18, 1953, at the age of fifty-t.o; that thronQhont bis service with the Company Mr. Powers was a loyal, able and conscien- tioua employee, and that in the President's opinion, in accordance with the very fine custom that had long been established in such circumstances, he thought the Company, as a token of esteem for the services Mr. Powers rendered, should present to his sido., Mrs. Blizabeth Poeers, the sun of $2,760., the equivalent of rr. Powers' salary for a period of i: months. Thereupon, ,°41._,~- :. October 7, 1953 -385 the Executive Committee of P. Lorillard the office of the Co.pany, 119 iest 4oth ...,. _. essrs.: H. A. tent - I. H. Peak .
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I 382 salar7 agreeaents or to established salary rate schedules covering vork aasigaaants and in operation of an established plan of salar7 increases based upon merit and/or length of service within estab- lished rate ranges, be and the sane hereby are in all respects approved, ratif ied and conf irnied: , Re. Tork Office ,_ Lorette IleRahOp $62 per week $65 per seek, 10/5/53 Louisville Branch - ShirleJ H. 8chott 431 " . 46 w 9/la/b3 On notion of Hr. Grnber, seconded by ]tr. James, the following ad.ertisin3 expenditures, all a2which are a part of and within the ooafisned. % ~ lrOa the rate of: To the rate of: Zffective: Ralph A. Grin Zlains Relson Richard R. Stiles, Zdaard t. Cone Tos:y R. Da.is Boes J. Digati •illiaa C. IIarrod Sdaond A. Hontano Paul Y. Patterson fJene C. Pearigen tros the rate of: $72 65 Jr. 65 Orren G. perdue, Jr. Uaarica V. Dixon sred a. Terrell Donald R, Gibson Ralph Y. Good Derald D. Hentrich Ilaz D. Hnnley fillian L. Csado*s Horace P. Schaeffer John G. StenZer .60 60 60 60 60 60 60 60 55 55 55 55 55 55 55 55 55 per .eek w . w w To the rate of: $75 per week 70 70 w 0 65 a 65 65 0 0 65 w 65 65 60 0 0 0 !0 . ~. 60 80 60. 60 60' « w w w r R85O2.'98D: That the following increases In salary, by reason of additional responsibilities and being individual nerit increases In operation of an established plan of sala" increases based upon aerit spd/or leaath of-sertice within establiahed salary rate ranges, 'be and the same hereby are in all respects approved, ratified and sm of money anthorized by the Board of Directors at meetings held October 15, 2952 and Septenber 16, 1953, for an advertising program during the 7ear 1953, were In all respects approved, ratified and toat ir•asd: • =etisate I2, Re.ise 5, dated Septeaber 18, 1953, of Toung & Rnbicaa, Inc.,.corerina medical journal advertising of tSAT Cigarettes. Jaaaary throagh October, 1953, at a cost of i15,74?..74; . =stiaates of Lennes & lle.ell, Inc., as follo.s: /430,ldated Septes1oer 11, 1953, Snpplemeat A, covering radio ad.er- .. . . _. . . . . . - ~ , . _ i' . I m
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-~t ~_ -~---~ ,% '383 tising of OLD GOLD Cigarettes on re-broadcast to Philippine Islands of "Tao for the lSone7," Iebruar7 through October, 1953, at a cost of $3,222.00; #508, dated August 28, 1953, covering radio advertising of OLD GOLD Cigarettes on OIJ) GOLD News, October 25 through. Deceaber 27, 1953, at a cost of $40,305.60; #511, dated Septeaber 17, 1953, covering newapaper advertising of OLD GOLD Cigarettes in various cities, September 21 through , Xove.ber 23, 1953, at a cost of $512,542.11; .. #409, dated August 13, 1953, covering radio advertising of OID GOLD Cigarettes in California, September 6, 1953, through August 29, 1954, at a total cost of $4,394.00, $1,438.50 of which is to be charged to the 1953 advertising budget, and $2,957.50 to the 1954 advertising budget, when adopted; ... . • • :c.. 0498, dated August 20, 1953, covering television advertising of OLD GOLD Cigarettes (sponsorship Jud3e for Yourself), Az3cst 18, 1953, through Acgnst 10, 1954, at a total cost of *2,847,189.38, =1,164,118.90 of which is to be charged to the 1953 advertising bad=et, and $1,783,070.48 to the 1954 advertising bndget when adopted; #502, dated August 13, 1953, covering radio advertising of OLD OOLD . Cigarettes (sponsorship Bob Elson Sports Show), Septeuber 28, 1053 through Septeaber 24, 1954, at a total cost of s22,E20.00, $6,003.00 of which is to be charged to the 1953 advertising budget, and $16,617. to the 1954 advertising budget when adopted; /503, dated August 13,1953, covering radio advertising of OLD GOLD Cigarettes (sponsorship Bill Evans Show), August 25, 1953 through .Lugust 21, 1954, at a total cost of $46,878.00, =16,828. of which is to be charged to the 1953 a¢vertising budget, and 030,050, to the 1954 advertising budget when adopted; /505, dated September 2, 1953, covering television advertising of OLD GOLD Cigarettes (sponsorship Too for the Eoney), August 18, 1953 ' throngh August 7, 1953, at a total cost of $2,020,999.01, =755,643.44 of which is to be charged to the 1953 advertising budget, and - $1,265,355.57 to the 1£J54 advertising budget when adopted; l /508, dated August 20, 1953, co.ering spot radio advertising of OLD GOLD Cigarettes in New Sngland, Septenber 28, 1953 through October 8, 1954, at a total cost of $42,267.64, $10,710.14 of which is to be charged to the 1953 ad.ertising budget, and $31,557.50 ~ Q to the 1954 advertising budget when adopted; ~- W` =stiaates of 1'(ational Export Advertising Service, Inc., as follows: ~ . 1953 ust 3 covering s~gasine sdverti d Au f g1MA8 i t D , , g s ng o e I a 8T w...4" itflw J.nn.ra tn •ne+..~f 1GSL ~& ~ -. 0ene.i a N+ ______ ~.. ~u ..h.rond tn the 1954 advwrtisino h-Ae.t W6~.. ~a....few. INA ' - -- -- --- - _ , --- ------- ---- .._~~~_-, ., . i-a ~ Dated August 3, 1953, covering billboard advertising of BMBASSt Cigarettes in Italy, January to Septesber, 1954, at a cost of $3,060.94, to be charged to the 1954 advertising budget when adopted; Dated August 3, 1953, covering theatre sho.-case advertising of SlBA5S7 Cigarettes in Italy, January to July, 1954, at a cost of i•
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.. ~*7777 I S H. •.'Lent •. J. Halley F. Hope.ell I. H. Peak A. Jases L. Gruber r, t, 9alson Anna F. 7oessner, Secretary 380 aeptuaber 30, 1953 the 1xecntive Coesittee of P. Lorillard the office of the Coap:ny, 119 Test 40th ti fters were present Yessrs.: ' 1 regular s+eeting of Company was held today at street, 1e. York City. 1r. Lent; Chairaan of the-Board, presided and the Secretary ; acted as Secretary of the eseeting. • Oa notion duly aade and seconded, the reading of the instes of the previous seeting sas dispensed with. respects approved, ratified,and confirned. On notion of Mr. Gruber, seconded by Mr. Hope.ell, it was saaaiaoasly tE50R.VBD: That the action of J. J. Blacknall, Vice President, and G. 0, Davies, Treasurer of this Coapany, in borrowing on .Bepteaber 24, 1953, on behalf of this Coapany, iroa The liational `CitY Pznk of Ye. York, 41st Street and Broadway, Ses York, S1e. York, the sun of One gillion Dollars ($1,000,000), and in executing and delivering in the nase of this Connany its promissorT note evi- dencins said debt, bearing said date and payable at said bank ainetY (90) days froa said date, with interest at the rate of ~ J}% per anana froa said date, be and the saae hereby is in all and G. O. Davies, Treasurer of this Coapany, in borro.ins on ''` On notion of Mr. Graber, seconded by Mr. Hopevell, it was tmaalaousl7 / J. RLSOLYSD: That the action of I. H. Peak, Vice President, aepteaber 29, 1953, on behalf of this Ccapany, froa The liew York Trust CompanY, 100 Broadway, 2fe. York, Bes York, the sun of Oae.IIi2lion Dollars.(r1,000,000), and :a executing and delivering in the nase-oi this CczpanY its proaissorY note evidencing said ratified and coniirsed. debt, bearing said date and payable at aid bank ninety (90) days -- fron said date, with interest at the rate of 3}`I per annna irom said date, be and the saae hereby is in all respects approved, iaasiaovsl~ On notion of Mr. Gruber, seconded by Mr. Eopesell, it was =E80l.9ED: That the action of I."H. Peak, Vice President, and 0. O. Bavies, Treasurer of this Cospany, in borrowing on Septeaber 29, 1953, on behalf of this Co.pany, froa Bankers Trust CospanY, 16 Tall Street, lie. York, Hes York, the sun of one Million Dollars ($1,000,000), and in executing and delivering ia the saae of this Company its prosissory note evidencing said debt, bearing said date and payable at said bank ninety (90) days froa said date, with interest at the rate of 31% per annaa froa said date, be and the saae hereby is in all respects approved, I 0 E ';X 0 CA I
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_ RHSOLYHD: That the following esploysents of Salessen, with -the authorization of the Sales Dept. and the approval of B. Hope.ell, Rxecntive Vice President, be and the same hereby are in all respects approved, ratified and confirmed: ~ • At the rate of: Zffective: Sarry Y. Shats $70 per week Donald E. Beagle 55 w w Pasl t. Boyer 55 Lonis R. Hahn ~ 55 Tred •. Hartaaa 55 GeorQe P. Hoyt 55 w c t• - Wu•iaana Y. Brady 40 per aoath• 10/1/53 James T. Branch 40 « «• - - Joseph J. Gatti 40. Arthur Goldrich 40 Harcia J. Golob 40 sasnel Y. Goodaan . 40 w w. ~.. Leo P. Hittner 40 Arthur 1[. Lieber.an 40 Richard A. Otto 40 w « Norris 8. Perlow 40 w " ' Linda H. aiager 40 Richard A. Snyder 40 « ~ . .. - _-, ...._ . a • . : _ _ 0$1.00 per hr. for 40 brs. • . . ~ On sotion of Yr.Hopewell, seconded by Mr. James, it was taaniaonsly . -''.-'ti80LPED: That the folloeing enployasnts be and the s'ue herebf are in all respects approved, ratified and confirmed: At the rate of: Stfective: - Hs. York Of f ice • f '.. , Zvelfn lerge $39 per week • Y/24%a.1 . yarHaret Cibalshi' . 62 9/28/53 i b - 46 !' « f ; s r ar , Grace Desaond 45 w _ . Jeanette SinSer 40 ' Carlo Uores 39 w . w . a•. t ~.,A . • Yildred Palente ~ . . 51 ~/ tt.'/S3 • O • .
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'' Thomas ?. Dolan, Jr. ~''"Sdvin J. Lnglinh trom the rate of: • . ~ . _ . $60 per week so N . . ' ' 60 Calvin E. Johnson Charles =. Esnlcemper 55 Robert J. Boadrean 8aa1 Cohen Ralph V. Dennington Harold L. Dnnhaa ftichard G. Fady Eddie IIannigan ':•Tlorence B. Saith "Clarence B. 8tanbnry '` George . ryatt 55 55 55 55 55 55 55 35 55 ' w w  . +. To the rate of : . . _ ~ ;85 per week -•.65 65 60 60 w .: w w 60 + ' . EO . w w 60 w « so w 60. w . , 60 w w w , 60 w 60 w On .otion of Yr. Blacknall, seconded by Br. Temple, it was unanimously . . BBSOLYBD: That the following increases in salary, due to promotion or by reason of additional responsibilitits•and being individcal merit increases in operation of an established plan of salary incrcases based upon merit and/or length of service within established salary rate ranges, be and the same hereby are in all respects approved, ratified and confiraed:- ias York Office ?rom the rate of: To the rate of: Sffective: Bnssey H. Vance =11,550 per annum $14,050 per annna 9/1/53 Mtrg'aret licDerdott 53 per seek 61 per .eek 9/28/53 ' Old Gold Branch . . .. • . Sosesarie licBnQh 41 w --' 43 • 10/5/53 , The Secretary laid before the meeting the follo.ins: Lsase'dated Septeaber•10, 1953, lroa Mrs. B. H. Collings, Louisville, Ly., of tobacco storage warehouse knovn aa Motor Transport Baildin , Storage #503, Cnap Taylor, Ky., for one year from Septeaber 1, 1953, J", at an ananal rental of $4,410.00. payable monthly in advance, under terss and conditions•therein'set out; ~ Lease dated August 14, 1953, from Acme investaent Company, of l,oo. 929A Guaranty Building, Cedar Bapide,Io.a, for one year froa October 1, 1953, at an annnal rental of Z480.00, payable monthly . 1n advance, under teras and conditions therein set out; Lease dated August 22, 1953, from John Q. Haaaons, of room and storage space in building to be erected at 1525 South Glenstone, sprSngfield, tio., for three years from December 1, 1953, at an annnal rental of $960., payable monthly in advance, under terrs - and conditions therein set out; I.sasi dated October 1, 1953, from the Masonic Temple Association, of Itoo. 502, CSaonic Bldg., Des Koines, Iosa, for one year from October 1, 1953, at an annual rental of $660.00, payable monthly, is advance, under terms asd conditions therein set out; Lease dated August 27, 1953, from Louis and Ruth Bort, of Rooms 303 and 305 Huron Bldg., Toledo, Ohio, for one year from . I
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October 1, 1953, at an annual rental of $900., payable syontbly In advance, under teras and conditions therein set out; each of which cost of $9,369.30; California and Yezico, January 1 through Deceaber 31, 1953, at a Inc., covering spot radio advertising of OLD GOLD Cigarettes in -tstiaate #453, Revise 1, dated 8epteaber 4, 1953, of Lennen & Ae.ell, confirmed: , daring the 7ear 1953, mere In all respects appro.ed, ratified and October-15, 1952, and Septenber 18, 1953, for an advertising prograa advertising expenditures, all'of vhich are a part of and •ithin the snas of money authorized by the Board of Directors at neetings held On aotion of Hr. Tesple,'seconded by Mr. Valson, the following spects approved, ratified and coafiraed. On s,otion of Mr. Jaaes, seconded by rr. Gruber, sas In all re- -Dated August 3, 1953, covering cagasine advertising of E:3?.33T . . Cigarettes ia Italy, August to Deceaber, 1953, at a cost of ~3779.9d; --- ~ ~ Dated August 3, 1953, co.ering billboard advertising of HZ~:.SST Cigarettes In Italy, October to Decesber, 1953, at a cost of $1020.31; Dated August 3, 1953, covering theatre shos-case advertising ot~~ TO~A88T Cigarettes in Italy, October to Decaaber, 1953, at a cost of =473 .74 . . .. _.. , ., . . : . _ . _ t #6, sevise 2, Change Sbeet.1, dated August 21, 1953, covering In publication dates for ssfasine advertising of =88'! Cigarettes; Ill, Change Sheet #2, dated August 21,•1fl53, covering nedical journal advertising of ~!T Cigarettes, lia7 through Decenber, 1053, at a cost of =25,841.72; „ •ls, Revise 1, Change Sheet 1, dated August 27, 1953, covering chanse In publication dates for s~agasiae advertising of l~.7? Cigarettes; Job Hstiaate $7778,dated Septeaber 10, 1953, covering additional i production costs for television cossrcial advertising ~92 Cigar- ettes, In the sua of $1,201.54; / / T- Estiaates of gational ~port Advertising Service. Inc. as follows: , , , . a29 septeaber 20 1953 at a cost of =4~16 24; tising of SEBT Cigarettes (sponsorship '•Yhe ieb^), Jnne 28 thr #293, Revise 1, dated August 13, 1953, covering television adv -Ltiaates of Young & Eubicas, Inc., as follows: t • Os s+otion duly sade and seconded, the .eetiag adjourned. ~ _ ._ .._. .. . ~ secretary _ _ ~ 't" w.
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:L - ,- '3?6 aepteaber 23, 1953 -.... . _,: .:. ... . . . . . • regular seetins of the Execntive Coa.ittee of Companf was hsld today at the office of the Coapanf, 3treet, aew York City. There were-present Messrs.: . J. Hallef s. Hope.ell J. J. Slacknail ~: A. Jaaes H. a. paraele L. Cqaber !. Walsoa '. T. Teaple Anna !. toessner, P. Lorillard 119 •West 4Qth Secretary "Ia the absence of the Chairaan of the Board, Mr. Ha11eY. President, presided and the Secretary acted as Secretary of the meetin=. . . - - . . . } . - . Oa notion duly aade and seconded, the reading of the siiaates of the previous seetins was dispensed with. On s+otion of Hr. Gruber, seconded by Mr. Yalson, it was anani- .woasly -. BBSOLPHD: That the action of trank Hope.ell, Executive vice President, and G. 0. Davies, Treasurer of this Conpany, in borro.- ins on September 16, 1953, on behalf of this CaspanY, from Itaao•- factnrers Trust Caaps.ny, 55 Broad Street, 2iev York, llew York, the sna of Oae lallioa Dollars (;1,000,000), and in executing and delivering in the naae of this Ccapan7 its proaiasory n,ote evideneiny said debt, bearing said date and payable at said bank ninety (00) days fren oaid date, with interest at the rate of 310 per annne from said date, be aad the sas,e hereby is iL all respects approved, ratified and confirmed. , .. , . ~ . . t I On notion of Mr. Gruber, seconded by Mr. 7alsos, it .as (;500,000), and in executing and delivering is the aame of this Coopany its promissory note evidencing said debt, bearing date of September 21, 1953, and payable at said bank ninety-one (91)• days from said date, with interest at the rate of 3}% per aaaaa from said date, be and the ssae hereby is in all respects appro.ed, ratified, and confiraed. ~ ttnaniaoasl~ ~ i t8SOL9ED: That the action of I. H. Peak, Vice President, and G. 0. Davies, Treasurer of this Company, in renewing on - September 21, 1953, on behalf of this Coapany, the loan eade June 22, 1053, from Citizens Fidelity Bank & Trust Company, Loais7ille, [f., in the sun of rive Hundred Thousand Dollars tE8OLY8D: That the action of I. H. Peak, Vice President, and G. 0. Davies, Treasurer, of this Covpany, in renewing on September 21, 1953, on behalf of this Company, the loan .ad. June 22, 1953, fro. State Planters Bank & Trust Company, Sichs,ond, Virginia, in the sun of Yive Hundred Thousand Dollars I ^~..~ w......
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-377 ($500,000), and in executing and delivering in the naae of this Cospany its promissory note evidencing said debt, bearing date of depteaber 21, 1953, and payable at said bank ninet7-one (91) days from said date, sith interest at the rate of 31% per annum from said date, be and the saae hereby is in all respects appro.ed, ratified and confirmed. , tES0LY8D: That the following employments of 8alessss and Warehouse Packers, with the authorization of the Sales Dept. and the approval of B. Hopesell, Executive Vice President, be and the sas~e hereby are in all respects approved, ratified and confirmed: On s+otion of Hr. Hope.ell, seconded by Hr. Grnber, it .a.s ssaaisqnsl7 ,. At the rate of: r George C. Babcock hank 8. Bruno Robert C. Yresh Jesse D. Lacefield Marguerite A. Larum Sarold f . Ityers Joseph J. Pickard Jaaes A. Preston Lennetb P. Lartin Donald T. Bozzone $55 55 55 55 55 55 55 55 43 43 per week w lathony II. Yazzeo 43 I 0 w . w 0 w « Sffectite: . . ' . L M 9/16/53 9/17/53 0 Os notion of Hr. Hope.ell, seconded by tr. Gruber, it .as lmaniaonsl= t&90LYBD: That the following employments be and the sasre lereby are.in all respects approved, ratified and confirmed: Sew York Office Gloria Beccarelli Mildred Corsa Bridget Quinn John Gillen sodolfo 1[ilatin Old Gold Branch Gregory Bortgis Eelen ?. Nordqnist Odin B. Lawson Bernard Le.ine At the rate of: $54 per .eek .45 .w 43 ' w 53 '' .O/1T/53 39 ~. 9/22/53 68 39 56 w w . ~../__ .. •r.: a . •!:M& On notion of IIr. Blacknall, seconded byHr. lbaple, it sas uaanisously ~ .. , . . . _ . ... • . ~ ~Q SBSOLFBD: That the following increases in salary of 8alessies and Clerk, each effective September 21, 1953, beins incident to the .terss of salary agreesents or to established rate schednles cover- ing work assignments and in operation of an established plan of . salary increases based upon aerit aadbr length of service within established rate ranaes, be and the sase hereby are in all respects approved, ratified and conf irsed: .. . . ,- , a •.r. i .' c I
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374 - a retainer or fee basis any person receiving a retires,ent allowance under the Plan; that after consultation with other officers, it was deesed advisable that iir. fhite, because of his special erperience and knowledge, should be esployed on a retainer or fee basis, which .retainer or fee would be in addition to the retireaent incos» be will receive, and 1tr. Halley recoaaended that Mr. ihite be offered a contract for the balance of the year 1953 for the type of service and at the retainer shown on the schedule presented to this nset- iog. . "lherecpon, after full discussion, on aotion of Mr. Peak, seconded by Br. Jaaes, the following preasibie and resolution were nnaaisonsly adopted: tBBBEdB, it is the opinion of the Board that Mr. Charles J. fhite, Superintendent, Connecticut Leaf Dept., who was retired at the age of sixty-five years on Septeaber 1, 1953, on the retireaent ineoae provided for in the Eaployees' Retiresient Plan, has such special experience and kno.ledge as to render the retention of his services desirable for the benefit of the Cospany, IfOl, THXREFOBI, Bs IT BHSOLYED: That the proper officers of this Coapany be and they hereby are authorized to enter into and to execute with fdr.Yhite, who eas retired on Septenber 1, 1953, a contract for the balance of the year 1953,•for the type of service and at the retainer or fee set forth after his nase on" the schedule presented to this aeeting, which retainer or fee will be in addition to the retiresent inco'e of such employee. . On notion of tfr. Gruber, seconded by Mr. Jases, -the follow- ing advertising expenditures, all of which are a part of and within the sua of noney authorized by the Board of Directors at a neeting held October 15, 1952, for an advertising prograa during the year 1953, were in all respects approved, ratified and coatirsed: . ±7-Za-fiaates of Lennen & I(ewell, Inc., as follows: -• ~ I430,dated Angmt 25, 1953, covering radio advertising of OLD GOLD Cigarettes (tape recording of Two for the Money), at a cost of jS,372.38; . . ~ . : . , . ~ _ . • . _ I43•t, Revise 01, Dated August 26, 1953, covering radio advertising of E133AB57 Cigarettes (sponsorship Conda7 Morning Seadlines), October 26, 1952 through July 12, 1953, at a cost of =133,089.9Z, of which $96,879.72 is to be charged to the 1953 advertising budget; and . . ~ . . . • • . . . ,f471, 3eviae I1, dated August 25, 1953, covering television adver- tising of OLD GOLD Cigarettes on "Let's Look at Sports," April 13, through Nay 4, 1953, at a cost of $5,159.36; #491, 8npplement A, dated AaQnst_31, 1953, eovering fees to talent for use of•television hitchhikes advertising tiQRIBL Cigars, for 23 weeks beginning August 20, 1953, in the saa of $2,970.00; /495, Revise /2, dated August 19. 1953, covering Life rgasine advertising of B8IGG3 Tobacco, October 12 through Decesber 21, 1953, at a=cost of ;i22,061.63i a
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375 Sstiaates of Tonn; & ltnbiczs, Inc., as follo.s: • & 1/ itag. 01, Rev. 1, dated August 24, 1953, covering .ugasine ad- vertising of•KM Cigarettes as therein set out, at a cost of $28,750.00; > kx xe.sp. Be.. 2, dated August 31, 1953, covering ne.spaper ad- vertising of MENT Cigarettes in Yiaai daring 1953, at a cost of . _ $1,898.00; ,) .3. , . Zstiaate #2, Re.ise s 4, dated August 21. 1953, covering advertising of 1B BT Cigarette in Joarnal•of•the American Medical Association during 1953, at a cost of $170502,31. On motion of IIr. Graber,•seaonded by Mr. flope.ell, it was Uaaniioasly - Z880LY$D: That this Company contribute to Children's Kilt ?nnd of Los Angeles the sss of $500.00. On iotion duly made and seconded, the meeting adjourned. 1 Eecretary. . - -. . ~ • . . . .4 f . ~ ~ ..'l•.._ .. ' .~7 1 . ~ . r /.. . .`/ ... .. .. . . • • .i... ~:f. %l%•l.:. . .. . . . . . -1"• . ' .I .S ` v~ , . J')! 5.:7 . .. • /J. K1 1 . M '~ _ a .t'•.... . . -t . ". "{ _. ~ : 1 . e . . . w . . J . } r7•' . ._ t . " _ . ~ • .~..•~ .LS.)%«~ i .
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e T.Hopewell I Ezecntive Vice President I. H. Peak Vice President L. Gruber Vice President . J. J. Blacknall Vice President Alden Jaaes Vice President - Jana ?. Aoessner Secretary 0. O. Davies Treasurer !. H. Weiske dast. Secty. & Asst. 'heas. _. •. Haaaann Asst. Treasurer J. J. Darby - Cosptroller •. J. 1(azarnk Cashier A. Zichhorn - • ' and provided further that ehen the amonnt of the check does not 372 ezceed $1,000 it aay be signed by any one of the foregoing or the following, or signed by eechanically affixing the signature of any one of the following without conjunction with any one of the fore- G, O. Davies Treasurer !. H. teiske Last. 8ectf. & Asst. heas. •. J. NazaraY Cashier A. Iichhora. This resolution supersedes all previoos resolutions in connection with the signing of such checks. On fotion of Mr. Hope.ell, seconded by Yr. Grober, it was nnanisoosly ffi4OLYHD: That the following esplo7aents of 8alesnen, with the authorization of the 811es Dept. and the approval of- ?. Hope*ell, Executive Vice President, be and the sasre hereby sse in all respects approved, ratified and confir.ed: At the rate of: ,-Honte J. Brant $55 per week Jeroae De Gregory 55 " Melvin E. Kozel 55% " / ' Jaaes ricArdle . A S5 • ~ Patricia A. O'llaherty 55 ' Charles Y. Stewart 55 ' Zffective: =gBpLYED: That the following esPlopnents be and the same hereby are in all respects approved, ratified and confirsed: On notion of lEr. Hopewell, seconded by ananiaously ~ At the rate of: Sffective: Xew, York Office " Robert Larsen =38 per week 9/9/53 Michael Cipriano 56 ' 9/14/53 Zileen Sullivan 41 ' 0 0 9/4/53
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ananisoasly At the rate of: =ifecti.e: $43 per week 9/10/53 On motion of 3tr. Graber, seconded by rir.Hopesell; it was 11. -373 -1ttBOLPSD: That the following inerea&xes :a alary of Division Banager, Salesmen and Clerks, each eflect::* September 14, 1953, dne to promotion or being incident to the Ler~s of salary agreeients or to established salary rate schednlac cgr:e:ing work assignaents and in operation of an established plan oj' sal:ry increases based apon merit and/or length of service .ithits estU.blished rate ranges, be and the same hereby are in all respects appioved, ratified and eonfirsed: be and the same hereby are Sa all respects approved, ratified and merit and/or leng:b of service within established salary rate ranges, in operation of aa established plan of salary increases based upon Lonis.ille Branch Ruth C. Gordon _• , .. ~. Tros the rate of: To the rate of: Bennie Castro $83 per week $95 per week Teddy Pierson 68 ~ 73 0 James . Conrad 65 w 70 . Jack B. Routh 65 0 70 w tlbert A. Howard 60 w . . 63 w Donald J. gartin 60 w 65 w Robert Tieffenbach 60 w 65 w Raymond B. Tillery 60 w 65 w Habert D. Cook 55 . 60 w Jaaes A. Crowley 53 . 60 w teith A. titaon 55 w 60 w William J. lleumnn, Jr. 53 . 60 lranklin H. Peter 55 w 60 w James B. Bnrnes bZ w 57 w 4rtha B. lQartin 50 w 55 w . , BY84LTM: That the following increases in salary, by reason ' of additional responsibilities and being indiridnal cerit increases eonfirmed:. j . . 1 . .' - ; ;.!lroa the rate of: To the rate of: Zffecti.e: Hes York Off ice: , " : Jane [night 1 '$59 per week $68 per week 9/14/53 Agnes Psssarelli 40 " 50 •." 9/Z1/53 Joe B. Carter, Jr. 52 ` 57  Lonisviile Branch: . Hr. Salle7 tated to the meeting that Mr. Charles J. White, Snperintendent, Connecticut Leaf Dept., by reason of having reached the age of bizty-five years, has been retired as of Septenber 1, 1953, on the retirement income provided for in the Saployees' 9e- tireaent Plan adopted by the stockholders at the lnnnal L'eeting beld in 1945; that Section 4, subsection 1(e) of the Saployees` Retirement Plan provides that the Board of Directors NAy employ oa
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V -" This resolution supersedes all previous resolntions in connec- tion with the signing of uch checks by sfeans of a facsiaile sis- aatnre. have been affixed thereto, if such facsimile signature or signatnrer resesble the facsimile speciaens froa tiae to tise filed with - The He. York Trust CospanY by the Secretary or other officer of "3?0 of any one of the following: 0. 0. Da.ies !. B. Teiske T. J. Nazarnt S. ?. Grape Treasnrer 11sst. Secty. & Asst. •'lyreas. Cashier and Uate-of Bank.:...~:~ (including its correspondent banks) ahall be entitled to honor and to charge this Corporation for all such checks, each of which shall not exceed One Thousand Dollars ($1,000.00) in asonnt, regardless of by .hoa or by what aeans the actual or.pnrported facsimile signature or signatures thereon ya7 have been affixed thereto, ii such facsimile signature or signatures reseable the facsimile specisens froa time to tisye filed with ( Bane of Bank ..,:.)• by the Secretary or other officer of this Corporation. - . S. Teiske 1sst. BectY. h.Asst. Tress. T. J. gasaruk Cashier ; - E. T. Grape facsisile signature of any one of the following: 0. O. Davies lreasnrer On sration of Mr. Jases, seconded by Tr. Hope.ell, it was nnknisyonalY BEBOLQHD: That The Ee* York Trust Coapany, lfe* York, Te. York, as a designated depositary of this Corporation be and it (inclnd- ing its correspondent banks) is hereby requested, authorized and directed to honor checks drawn against the Begular'and Salesaen's lceoants of this CospanY, each of which shall not exceed the sun of One Thousand Dollsrs ($1,000.00), drawn in this Corporation's naae on its accounts (including those drawn to the indi.idnal order of an7 person or persons whose naaes appear thereon as signer or signers thereof) when bearing or purporting to bear the . and The XeT York Trust Conpany (including its correspondent banks) shall be entitled to honor and to charge this Corporntion for all 'snch checks, each of which shall not exceed One Thousand Dollars (;1,000.00) in asoant, regardless of by .hoa or by what steans the actual or purported facsimile signature or signatures thereon way this Corporation. ~This resolution supersedes all pre.ions resolutions in connec- tion.'sith the signing of such checks by s+eans of a facsimile signatore. Unanisonsly . On s+otioa of Itr. James, seconded by Mr. Hopee.ell, it was OI +Z1 GJ RWOLPIiD: That all checks drawn against any of the funds of N the Coapan7 on deposit with The Bes York Trust Cospany, Se.enth N irenne Branch, Xes York, Nee York, to the credit of the Blue Check CA n r
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H. A. tent W. J. Halley V. Hopeiell I. H. Peak ' L. Gruber J. J. Blacknall Alden Jaaes tnna F. foessner 0. O. Davies s. a. .eiske s. r. Hauaann - J. J. Darby 1. J. Xazarnt CLairsan of the Board. President txecntive rice President Vice President Vice President Vice President Vice President secretary Treasurer Jsst. Bectf. h Aast. 'lreas. Lst. Treasurer Comptroller Cashier. this resolution supersedes all pre.ioas resolntions in connectioa with the signing of such checks. Oa motion of ltr. Jas,es, seconded by lLr. Hope.ell, it was •nasisroasly tES0LVHD: That all checks drawn against any of the funds of .the Company on deposit sith the Chemical Bank and Trust CoapznY, Rockefeller Center Branch, Net York, ger York, to the credit of the Retirement Allowance Plan Account of the Cospany, shall bear the signatures of any two of the following: _. A. Lent •. J. Halley !. Hopeeell I. H. Peak L. Gruber J. J. Blacknall Alden Janes ..lnnaiT. toessaer 0. O. Davies '7. H. feiske S. •. Hanaann J~ J. Darby • J. Fazarnh i. sichhora. Chairsan of the Board President Zzecntive Iice President Vice President Vice.Presideat Tice President Vice President Secretary Treasurer ~ Asst. Becty. k Lsst. Tress. Asst. Treasurer Comptroller Cashier" • l. 'This resol,btion snpersedes all prerioosresolntions in coaneetioa !•ith the ~iHsinH of sn_ct checks. ~ '"--On motion of rir. Jaaes, seconded by Hr. Hope*ell, it fss ..~naniaoasl7 , tBSOLYBD: That all checks drawn against any of the funds of the Company on deposit with The Hee York Trust Co.panf, Se.eath Avenue Branch, He. York, Fes York, to the credit of the Green Cheek,j~ Account or the Red Check Account of this CospanY, shall bear the W signatures of any two of the following: ft~'T
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~,..-..,-. . ? ` 368 Fet York, 55 Vall Street, Aet York City; and Public Hational Bank and Trust Coapany, 37 Broad Street, He. York City: ItBSOLPBD: That all checks drawn against any of the funds of the Conpany on deposit with (Aase and address of bank) shall• bear the signatures of any two of the following: Group 1. H. A. tent Chairaan of the Board -_ in conjunction with each other, or any one of the foregoing in con- junction with any one of the follo.ing, provided that when the aaonnt of the check does not exceed $25,000 the sane aay be signed by any of the two imaediately follo.ingwithoot conjunction with W. J. Halley President !. Hope.ell Ezecntive Vice President I. H. Peak Vice President L. Gruber Vice President J. J. Blacknall Vice President Alden Jaaes Vice President dnna F. oessner Secretary ' ' 0. 0. Davies - Treasurer Y. H. 1eisYe /lsst. Secretary ~ Last. Treasnrer Z. f. IIanaann lsst. Treasurer -J. J. Darby Cosptroller any of the foregoing: I and provided further that when the aaonnt of the check does not exceed $10,000 it nsy be signed by any one of the following in conjunction eith any one of the foregoing or by any two of the J. L. IEason 1sst. Coaptroller •. J. Yazarulc Cashier Group 1-A. J. a. 31cDernott 1sst. Coaptroller , following without conjunction with any of the foregdng: Gropp Z. >. C. 1lnber s. ?. Snyder, also the following one, but not in conjunction with ,'J. Ha:arnl:, Cashier: I /% l ' • s. ?. tirape, 1 I and .hen the aaoant of the check does not exceed =1,000 it aay be signed by any one of the foregoing. . -2his resolution supersedes all previous resolutions in connec- tion with the signing of such checks aanaally. On notion of Mr. Jaaes, seconded by Mr. Hopesell, it was ananiaoasly • . t=SOLPBD: That all checks draws against any of the fands of the Coapany on deposit with The IIes York T4•ust Cospany, 100 Broad.ay, 17ew York, Hew York, to the credit of the Hegnlar or Salea.en's Accounts of the Coapany, shall bear the signatures ~ of any two of the following: . . , . Group 1. 8. A. =ent Chairman of the Board •, J. Halley President !. Hope.ell =zecnti.e Vice President • . . -. . ~ . . - . - _ . . . • I
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I. H. Peak L. Gruber J. J. BlacYaall Alden Jaaes inna F. Woessner 0. 0. Davies !. S. teiske s. .. Aansann J. J. Darby •ice President •ice President rice President Vice President Secretary Treasurer Lsst. Secretary & Lst. Treasurer lsst. Treasurer Coaptroller ia conjunction with each other, or any one of the foregoing in con- 'janction with any one of the following, provided that when the aaouat of the check does not exceed $25,000 the saae aay be signed by any of the two ia.ediately follosini •ithout eonjunctios with any of the foregoing: •.•• -. Group 1-1. J. !. BcDeraott Lsst. Co.ptroller J. L. Itason bst. Coaptr+oller 7. J. Sasaruk Cashier 165 Broadway, 11e. York City; Guaranty Trust Conpdny, 140 IIroaftay, Bes York City, and its Fifth Avenue Branch; 2he Sano.er Sank, 70 Broad.ay,.ltew York City; Manufacturers Trust Coapany, 55 Broad Street, IIes York City; The National City Bank of liee York, 55 eall street, Se* York City; and Public Bational Bank aad Trust Costpaay, 37 Broad Street, ie. York City: tit.40LYBD: That (ltase and address of bank) as a desigaated ~ depositary of this Corporation be and it (including its correspond-'A ent banks) is hereby requested, authorized and directed to bonor ~ checks, each of which shall not exceed the aaa of Oae 1b ousaad ~ Dollars ($1,000,00), drawn in this Corporation's naae on its 4 account (including those drawn to the indi.idual order of any 1J person or persona whose naaes appear thereon as signer or signers N thereof) when bearing,or purporting to bear the facsiaile si8natarez '- / This resolution supersedes all previous resolutions ia connec- "tion eith the signing of such check aanually. /. . On sotion of ]br. Jaaes, seconded by Mr. 8ope.ell, the following •resolution was nnaniaonsly adopted to authorize facsialle signatures for checks drawn against funds of this Coapany on deposit with Bankers Trust Coapany, 16 Wall Street, lies York City; Chase Ilational Bank, 18 Pine Street, Net York City; Chesical 6aak and Trust Coupsay, aad rhen the aaount of the check does not exceed $1,000 it aay be signed by any one of the foregoing. Cashier: - t. F. Grape also the following oae, but not in conjunction .ith t. J. Basaruk, Group 2. A. C. IIuber !. V. Snyder ing without conjunction with any of the foregoing: and provided further that when the aaoant of the check does eot exceed $10,000 it any be signed by any one of the following ia con- junction with any one of the foregoing or by any two of the follow-
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-r-r .----- .~ -. ._. . .. .. ./.M .~ ~T~l~ /.~ -36s oaani.oasly -• B89OLVSD: That the following increases in salary, at the le. York Offico, effective 8eptesber 14, 1953, by reason of addi- tional responsibilities and being individual serit increases in operation of an established p3an of salary increases based spon s+erit and/or length of service within established salary rate ranges, be and the saae hereby are in all respects approved, ratified and confir.ed: -?ross the rate of: To the rate of: Rose.ary Schifini $40 per week $43 per week Aosaline Poller 43 " 46 « The Secretary laid before the aeetins the following: Contract dated August 27, 1953, with John Powell k Co., Inc., Yew York, 1(. T., for parchise of Pyrethrna Extract 020 during the period Septeaber 1, 1953, through August 31, 1954, under - terns and conditions therein set out, which On notion of Mr. Gruber, seconded by Mr. lespects approved, ratified and confirsed. Jaaes, .as in all Os motion of Mr. Gruber, seconded by Mr. Hope.ell, it was emaniaonsly BHSOLVED: That this Co:pany contribute to the Mercy Hospital in Chicago the sun of i1,000.00.
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! regular aeeting of the Executive Cosittee of P. Lorillard Company was held today at the office of the Cospany, 119 fest 40tb Btreet, Now York City. - Zbere were present:Hessrs.: H. J. Halley -- -- F. Hopewell J. J. 8lacknall I. H. Peak A. Jases R. B. Parssle F. 7alson Anna F. foessner, Secretary In the absence of the Chairran of the Board, Mr. Halley, President, presided and the Secretary acted as 8ecretpLry of the s,eeting. On notion duly aade and seconded, the readins of.tb.o s-isates of the previous sieeting was dispensed with. On notion of Dr. Aaraele, seconded by Mr. Jaaes, it was tnaaiaously BBSOLVSD: That the action of Frank Hopeeell, Executive •ice President, and G. 0. Davies, Treasurer, of thin Coayany, In borrow- ing on 8epteaber 9, 1953, on behalf of this Cospany, from The Now York Trust Coapany, 100 Broadway, Now York, New York, the sun of One Million Dollars (51,000,000), and in executing and delivering ~idiid in the naae of this Cospany its proaissory note erenc= sa debt, bearing said date and payable at said bank ninety (C0) days troa said date, with interest at the rate of 31,% per aaaas from said date, be and the saae hereby is in all respects approved, ratified and confiraed. • On notion of Dr. Parasle,•seconded by Mr. Jaaes, it was tmaaiaoasly -. ~ •., • ! ~ , . r SE80Q,YSD:. t the action of Lewis Gruber, Vice President, and G. 0. Diavies, Treaanrer of this Caspany. In renewing on 3eptezber 15, 1953, on behalf of this Congaoy, the loan aade . June 17, 1953, from Citizens Fidelity Bank & Trust Coapany, % - ' Louisville, [estccky, in the was of Five Hundred Thousand Dollars ~(;500,000), and in executing and delivering in the nase of this ~ Company its proaissory note evidencing said debt, bearing date 1 ; able at said bank ninety (UO) days d a 1953 1S , an p y , of 8eptesber from said date, with interest at the rate of 31% per annis from id date be and the sas,e hereby is in all respects approred ,, sa ratified and confirned. ' : • ~ On notion of 1[r. James, seconded by Mr. Hopeeell, the folloe- ing resolution was nnaaimously adopted to anthorise signatories h C is for checks drawn against fnnds of t osSpany on deposit with Bankers Trust Coapany, 16 Wall Street, Now York City; Chase • Sational Bank, 18 Pine 8treet, Be, York City; Chesical Bank and L" e Tork Cit Goarant an lf ?rnst Coe 166 B d C y; y p roa vay, e y, N ompany, Tyrast 140 Broadsay, New York City, and its Fiftb Avenue Branch; The ^ Hanover Bank, 70 Broadway, Now York City; ltannfactarers Trust Cospany, 55 Broad Street, New York City; Hationzl City Bank of
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I atrest, 1ew York City. - mere were present Messrs. r. J. Halley F. HopeRell L. Gruber A. Jaaes ~Y. B. parsele F. M. .alson . I •irginia, in the snn of Two Hundred Thousand Pollars ($200,000), i• -• loan made June 8, 1953, from Virginia Trust CoapanF, Hichaond, 364. , septeaber 9, 1953 8A regular s+eetinS of the Executive Committee of P. Lorillard Company vas held today at the office of the Conpany, 119 West 40th . Anna F. loessner, Secretary In the absence of the Chairman of the Board, Mr Ha11eF, President, presided and the Secretary acted as Secretary of the nesting. On notion duly rde and seconded, the reading of the inntes of the previous meeting was dispensed with. Os sotion of I(r. Jaies, seconded by l[r. Gruber, it was uanisoaslF ZB3OL91D: That the action of Frank Hopesell, Executive Vice President, and F. H. Weiske, Assistant Treasurer of this CospanF, in renewing on September 8, 1953, on behalf of this Company, the 3 oaa nade June 8, 1953, fros First & Merchants 8ational Cank, Sichsond, Virginia, In the sun of Seven Hundred Thousand Dollars (=700,000), and in executing and delivering in the naae of this Company its promissory note evidencing said debt, bearing date of September 8, 1953, and payable at said bank ninety (90) days froa said date,-tith interest at the rate of 313 per annws from said date, be and the sase hereby is In all respects approved, ratified and confirned. . . - . . .f•, , . , . On notion of Mr. James, seconded by Mr. Gruber, it was iaanimoasly 1HSOLVSD: That the action of Frank Hope.ell,~S:cecnti:e Fice President, and F. H. ieiske, Assistant Treasurer of this Coapany, in renewing on September 8, 1953, on behalf of this Conpany, the loan mide•Jnne 8, 1953, from First 8ational Bank of Danville, Danville, Virginia, In the sun of One Hnndred Thousand Dollars ($100,000), and In executing and delivering In the naae of this Company its promissory note evidencing said debt, bearing date of September 8, 1953, and payable at said bank ninety (90) days from said date, vith interest at the rate of 3}% per annum from said date, be and the same hereby is In all respects approved, ratified aad confirssd. l I On sotion of Yr. Jaaes, seconded by Mr. Gruber, uaaniaously it was BBBOLYYD: That the action of Frank Hope.ell, Ezecutive Fice President, and F. 8. teiske, Assistant Treasurer of this Coapasy, in renewing os September 8, 1953, on behalf of this Company, the sad In ezecuting and delivering in the naae of this Company its ' . , '' .f , ti f .- 4 +y ,
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a.doo..r prosiiworF note evidencing said debt, bearing date of 8epteaber 8, 1953, and payable at said bank ninety (90) days from said date, with interest at the rate of 3}% per annnn from said date, be and the sase hereby is in all respects approved, ratified and confirsed. was !IESOL9HD:l That the following increases in salary of saleseen, , isseb effective 8epte.ber 7, 1953, being incident to the terss of / tuninons ly Clerk, with the authorization of the 8ales Dept. and the approval of L. Gruber, Vice President, be and the sase hereby are in all On moti.on of Mr. Hope.ell, seconded by 1lr. talson, it was aaanimonsly ZESOLVBD: That the following eaployaents of 8alesaea and respects approved, ratified aad confirmed: " At the rate of: Sffectivs: Tho.as 0. Slake, Jr. $55 per eeek • 9/8/53 a.rtha G. Ho.land 55 " " sobert L. 1lc0oy 53 " " Tilliaa P. Patrick 55 • w tnanis,onsly On notion of Mr. Hope.ell, seconded by Mr. Ralson, it was =L40LTSD: That the following eaploT.ents be and the saae lereby are in all respects approved, ratified and confiraed: At the rate of: Sffective: Hee York Office Joan Sanmgarten $46 per week 9/2/53 Dorothy iatner 45 " 9/3/53 Cora r. Archung 39 ' 9/8/53 , • On notion of Mr. Hopewell, seconded by Mr. Gruber, it are in .11 t nd the sasa hereb e e f! b h d t salary agreements or to established salary rate schedules covering work assignaents and in operation of an established plan of salary iincreases based upon serit and/or length of service within estab- ' ~ e s e ranges, a r sp c e ra lis Leo G. Haslo.nd •illiaa 0. 3iith ~ Delbert t. Glover Charles H. Cries Bill' B. Ihisas llbert Schsaa Haailton B. Andrews Harold F. Bolhafner Sobert E. Tonns Tro. the rate of: To the rate of: $70 per .eek $75 per week 65 " 70 " 63 ' 68 w 60 60 " 65 w 60 " 65 • 55 " 60 , w 55 " , 60 • 55 " • Q0 w
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f Troa the rate of: To the rate of: ect ve August 24,.1 53 Barbara L. Bancroft $60 per week $65 John R. Dekle 60 « 65 Philip Y. Harris Calvin I. Weiner Harold L. Junkins 60 60 55 w w w 65 65 60 Joseph C. Lanbert 55 - w 60 Jabes J. Mahoney .55 • 60 Lenneth D. Stockton - 55 « 60 Effective August 31, 1953 Jaaes T. Bell 66 « 71 Lloyd H. Powell 66 w 71 E •illiaa A. Carrillo ' 68 • 70 Bid D. Yeshel 65 « r 70 - _/ Geraldine 1[. Ssith 65 w 68 ` filliaa A. Boehs 6U w 65 Jisaie R. Cates 60 0 65 Hoaer f. Bulse 60 • 65 Jases T. MacAllister 60 w 65 Janes L. Musillani 60 w 65 Lawrence H. Walker 60 w, 65 Arnold R. Wedel 60 « 65 Hortense 0. Meyer 55 ' 60 Walter J. Proteroe 55 w 60 John L. Robertson 55 w 60 -Thelaa H. ilson . 47 w "- 51 On motion of Mr. Peak, seconded by Mr. aously Walson, it was unani- . RESOLVED: That the following increases in salary at the Louisville Branch, effective August 26, 1953, due to promotion or by reason of additional responsibilities and being individual ierit increases in operation of an established plan of salary increases based upon s,erit and/or length of service within estab- lished salary rate ranges, be and the saae hereby are in all re- . spects approved, ratified and confirsed: ?ros the rate of: To the rate of: ~ George E, Kraus $64 per week $68 per week «. Lilbon Childress 63 w 68 7ho.as J. Dunphy 63 " 68 « " ' 1[aynard 8. Allen 62 w 66 w •illiaa L. Hazel 63 w ~ 68 w 1-1 On .otion of Mr. Hopevell, seconded by Yr. Ja.es,'the following ~ advertising ezpenditures, all of which are a part of'and within the ~' s.u of money authorized by the Board of Directors at a seeting held October 15, 1952, for an advertising program during the year 1953 ~ , were in all respects approved, ratified and confiraed: R . '-, /L111v_ Eatisates of Lennen & Newell, Inc., as follows: 0497, Supplesent 1, dated August 7, 1953, covering cost of labor 4477 •' . ~ newspaper advertising of BEECH-NUT Tobacco, August 10, 1953 througb . :1 _ , - January 25, 1954, at a total cost of 51,453.23, $1,229.66 of which ~ is to be charged to the 1953 advertising budget, and $223.57 to the ~ • f•.: : ':: " I , . " ,,- f . • i . . ~ Eff i 9
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1954 advertising budget when #501, dated August 11, 1953, OLD GOLD Cigarettes, July 27 of $800.28; #504, dated August 13, 1953, •advertising MURIEL Cigars on $236.00; adopted; covering spot radio advertising of through October 24, 1953, in the swa Hstiaates of Young tc Rubicam, Inc., as follows: #TY-3, Supple,ent 1, dated July 30, 1953, covering advertising of KENT Cigarettes (sponsorship The Web), June 28 through September 20, #9, Change Sheet 2, dated August 4, 1953, covering advertising of LEtIT Cigarettes in medical journals therein set out, during August 1953, at a cost of $10,409.97; 1953, in the sua of $456,398.34; . ,: 1953, at a cost of E522,951.16; . .. . 021, dated July 27, 1953, covering advertising of 6EHT Cigarettes in medical journals as therein set out, Yay through Deceaber 1953, at a cost of $25,701.75; #12. Revision 1, dated August 12,.1953, covering Sunday newspaper advertising of KENT Cigarettes, September 20 through Novesber 29, 97527, dated August 4, 1953, covering production cost for spot tele- vision advertising of KENT Cigarettes by Jonathan Blake, in the sua of $10,969.84; #1 Art ic Mechanical, newspapers, dated August 11, 1953, covering •est Coast newspaper advertising of KENT Cigarettes during 1953, at a cost of $1,265.00; i1 Art & Mechanical, medical, dated August 11, 1953, covering adver- tising of KENT Cigarettes in medical publications during 1953, at a/cost of $8,500.00. " On sotion of Mr. Hope.ell, seconded by Mr. Peat, qs.ia all re- 0 spects approved, ratified and confirmed. . . • .. , • • . bh froa Septeaber 1, 1953, at an annual rental of $1.080.00, payable onthly in advance, under terms and conditions therein set out; which , : Lease dated August 20, 1953, froa The Har.e1 Corporation, of 8ooss 401 and 414, The Century Building, New Haven, Conn., for one year, - Zbe Seeretary lad before the meeting the following: I On motion duly made and seconded, the .eeting adjourned• - ~ . . ~ , ~ . . ..-. aecretary • • " ~•. .~_ ..* sr +. ,I : . 1••..•..::i. t .i.:-JL ~ ~. ~ .. .. • ,,1 . _ 4 , • . . vctn
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signatures of any two of the following: •RBSOLYSD: That all checks drawn against any of the funds of the Company on deposit with Citizens Fidelity Bank and Trust Company, Louisville, Kentucky, to the credit of the Savings Bond -Account of the Louisville Branch of the Company, shall bear the - 360 8. D. Seeley •. B. Blunk . ;. t. D. Comstock ~_ .~, •. J. A. J. J. Harpring Cheek, Jr. - ~ . B. T. Siers. This resolution supersedes all-previous resolutions in regard to the signing of such checks. .. . I On motion of lfr. Hope.ell, seconded by Mr. Peak, it was unanimously RESOLVED: That all checks drawn against any of the funds of the Company on deposit with Citizens Fidelity Bank and Trust Company, Louisville, Kentucky, to the credit of the Regular Account of the Kentucky Leaf Department of the Company, shall bear the signature of any two of the following: H. D. Seeley T. B. Blunk •. D. Comstock J. J. Harpring A. J. Cheek, Jr. . Z. T. Siers. • On sation of Yr. Hopesell, seconded by Yr. Peak, it was f unanimously to the signing of such checks. This resolution supersedes all previous resolutions in regard I RESOLVED: That all checks drawn against any of the funds of the Company on deposit with American National Bank and Trust Company, Danville, Virginia, to the credit of the Danville Leaf Department of the Company, shall bear the signatures of any two ofthe following: - - . -.!. 1 R. R. Patterson / A. B. Seward -lauis H. Lindsey - Annie B. Scruggs C. A. Taylor. This resolution supersedes all previous resolutions in regard the signing of such checks. On motion of ir. James, seccuded by Yr.•salson, it was unanimously to RESOLVED: That the designation of The Corporation Trust Corporation Syste., San Francisco, as resident agent of this Company upon whom service of process aay be made in the State of California, is hereby approved,.ratified and confirmed, and the designation of the agent heretofore made is hereby revoked. I
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" 3GI On motion of Mr. Janes, seconded by 1[r. falsron, it vu unanimous- approved, r ati fied and co nfirm ~ ed: - At the rate ofz Yffective: Horace B. Dixon $55 per week 8/24/53 Marion C. Hasa 55 « « Moyd fi. Hazelrigg, Jr. 55 « . .. James B. Crutchfield 65 « 8/31%59 James C. Campbell M 55 William T. Lechner « 55 w William P. Riley w 55 RESOLVED: That the designation of A. J. Cheek as resident agent of this Company upon whoa service of process say be made in the State of Kentucky is hereby approved, ratified and confirmed, and the des- ignation of the agent heretofore made is hereby revoked. ~- On motion of Mr. Hopewell, seconded by ilr. Peak, it wu anani- soualy RESOLVED: That the following employments of Salesmen, vith the authorization of the Sales Department and the approval of Y. Sopewell, Ezecutive Vice President, be and the same hereby are in all respects , On tiotion of Mr. Hopewell, seconded by Mr. Peak, it was unani- s+ously RESOLVED: Tbat the following eiployDents be and the by are in all respects approved, ratified and confirmed: Few York Office Edwin Diehl ' Grace Andaloro John Barnett Ellen Dalton , Louisville Branch Bernard E. Head David A. Vogelsberg Joan Cappelli Constance Layne Old Gold Branch Jean A. Soldi Sarah Alessi Mary B. Burke - • Thomas L. Cowan saas here- At the rate of: Sffective: $10,000 per annum 8/31/53 41 per week 8/20/53 48 « 8/24/53 39 ' • . 8/26/53 40 43 43 39 ' 68 94 52 51 « « .. w -8/17/53 « 8/21/53 Dorothy B. Curley On sotion of Mr. Peak, seconded by Mr. Walson, it was unani- mously , -. . , of service within established rate ranges, be and the same hereby dsta blisbed plan of salary increases based upon merit and/or length and Clerk, being incident to the terms of salary agreements or to . RESOLVED: That the following increases in salary of Salesmen + . 8/2T/53 % 8/31/53 . ~ 8/19/53 8/24/53 ' - 8/25/53 •, 8/31/53 t
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" A regular eeting of the Executive Committee of P. Lorillard Company was held today at the office of the Company, 119 *est 40th Street, New York City. There were present Messrs.: f. J. Halley F. Hope.ell I. H. Peak ` •. Jases F. 11. Walson • Lnna F. ioessner, Secretary In the absence of the Chairman of the Board, Mr. Halley, President, presided and the Secretary acted as Secretary of the neeting. • On motion duly made and seconded, the reading of the einutes of the previous meeting was dispensed with. On notion of Mr. Peak, seconded by Mr. James, it was unanimously RESOLVED: That the action of the Executive Vice President, and the Treasurer of this Company, in borrowing on August'19, 1953, on behalf of this Company, from The Hanover Bank, 70 Broadway, He• York, New York, the sua of One Million Dollars ($1,000,000), and in executing and delivering in the name of this Company its promissory note evidencing said debt, bearing said date and pay- able at said bank ninety (90) days from said date, with interest at the rate of 3j$ per annum from said date, be and the same hereby is in all respects approved, ratified and confirmed. On motion of Mr. Peak, seconded by Mr. James, it was anan imous ly RESOLVED: 1bat the action of the Executive Vice President, and the Treasurer of this Company, in borrowing on August 19, 1953, on behalf of this Coapany, from Guaranty Trust Company of New York, 140 Broadway, New York, Itew York, the suin of One Million Dollars '(i1,000,000), and in executing and delivering in the name of this Company its promissory note evidencing said debt, bearing said date and payable at said bank ninety (90) days from said date, h ith interest at the rate of 3i% per annua from said date, be d and the same hereby is in all respects approved, ratified and ,. On sotion of 1[r. Hope.ell, seconded by Mr. Peak, it was ananinously RESOLVED: That Hudson County Fational Bank, Jersey City,- xe. Jersey, as a designated depositary of this Corporation be and it (including its correspondent banks) is hereby requested, authorized and directed to honor checks, each of which shall not exceed the sua of Five Hundred Dollara ($500.00), drawn in this Corporation's name on its account (including those drawn to the individual order of any person or persons whose names appear thereon as signer or signers thereof) when bearing or purport- ing to bear the facsimile signature of any one of the following: confiraed. , {
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as amplified hereby. provided that no check so drawn is-to-be honored by said Bank unless presented within thirty days from date issued, and FQR7HER RESOLVED: That the resolution heretofore adopted at a meeting of the Executive Committee of this Company held on April 15, 1853, for the signing and honoring of checks, drafts or other orders _ for the payment of money drawn on the said Hudson County National Bank by this Corporation is hereby continued in full force and effect • '359 ~~ and Hudson County National Bank (including its correspondent banks) shall be entitled to honor and to charge this Corporation for all ~ such checks, each of which shall not exceed Five Hundred Dollars ($500.00) in amount, regardless of by whom or by what means the actual ~~ or purported facsimile signature or signatures thereon may have been t( affixed thereto, if such facsimile signature or signatures resemble f } the facsimile specimens from tiae to time filed with Hudson County ~/ xational Bank by the Secretary or other officer of this Corporation; /~ On motion of ISr. Hope.ell, • mously seconded by 1[r. Peak, it was unani- RESOLVED: That all checks drawn against any of the funds of the Company on deposit with Citizens Fidelity Bank and Trust Company, Louisville, Kentucky, to the credit of the Regular Account of the Louisville Branch of the Company, shall bear the signatures of any two of the following: • • - H. D. Seeley • Y. S. Blunk .f. D. Comstock J. J. Barpring _.A. J. Cbeek, Jr . _ --E. T. Siers. . This resolution supersedes all previous resolutions in regard to signing of such checks. - - i On motion of Kr. Hopewell, seconded by Mr. Peak, it was unani- .oualy -the Company on deposit with Citizens Fidelity Bank and Trust Company, Louisville, Kentucky, to the credit of the Payroll Account of the Louisville Branch of the Company, shall bear the signature of any r BBOOLVED: That all checks drawn against any of the funds of one of the following: H.'D.'Seeley . •. B. Blunk . 1. D. Comstock J. J. Harpring 'A. J. Cheek, Jr. B. T. Siers presented within thirty days from date issued. This resolution super- sedes all previous resolutions in regard to the signing of such ' provided that no check so drawn is to be honored by said Bank unless " checks.
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#479, Snpplement 1, dated July 31, 1953, covering television adver- tising of OLD GOLD Cigarettes (sponsorship Chance of a Lifetine), August 20 through 27, 1953, at a cost of $61,680.10; #497, dated August 3, 1953, covering advertising of BEECH-NUT Tobacco in neekly and labor newspapers during 1953 and 1954, as therein set out, at a total cost of $13,694.22, of which $11,872.03 is to be charged to the 1953 advertising budget, and $1,822.19 to the 1954 advertising budget, when adopted. :_The Secretary laid before the .eeting the following: Lease dated June 11, 1953, fro. Orpheus Cospany, Inc., of Rooas 311-12 Orpheua Bldg., Seattle, /ash., for one year fros October 1, 1953, at an annual rental of $1,320., payable in snnthly installsents as there- in set out; which ... Os aotion of Hr. Hopewell, seconded by ![r. ialson, •as in respects approved, ratified and confiraed. all .I H.BSOLPED: That this Coapany contribute to the Sister Kenny Toundation, for 1953, the sua of $500.00._ On aotion duly ssade and seconded, the eeting adjourned.
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14 . : August 26, 1953 ~35? The regular meeting of the Executive Coaittee of P. Lorillard Company due•to be held today at the office of the Co.pany, 119 eet 40th Street, llee York City, was adjourned, no quorua being present. '-• i 1
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' Jaaes B. Alexander, Jr. $63 per week $68 James L. YooTe 63 R 68 Jases V. Christian 60 ' 65 Frederick L. Hayes 60 " 65 John G. Yeyer '60 R -• 65 " Douglas A. Ogilvie '60 . R 65 R Clarence L. Pearson, Jr. '60 ^ 65 • Willard C. Waycott '60 R 65 ` Aan •inslow 60 R 65 " R Peter J. Brown 60 " 65 R Paul Y. Cobb 55 R so '_James it. Sphlin 55 " 60 " , ` Roscoe 8. Hensley,-Jr. 55 ^ 60 " Paul F. Junker 55 R 60 R Ray C. Rinardo 55 " 80 " Joseph F. Scatch 55 " 60 " . . . _ . . - _.. . , On sotion of Mr. Hope.ell, seconded by Mr. Jases, it .as unani- sously RESOLVED: That all checks drawn against any of the funds of the Company on deposit with the First Hational Bank of Danville, :Danville, Virginia, to the credit of the Regular Account of the ~~ Danville Leaf Department of the Company, shall bear the signatures of any two of the following: Froa the rate of: To the rate of: 't. R. Patterson A. B. Seward Louis H. Lindsey Annie B. Scruggs C. A. Taylor. ~ ~ 1 Zbis resolution supersedes all previous resolutions in regard the signing of such checks. ''On sotion of Mr. Hopeeell, seconded by llr,Jaaties, it as unani- monsly RESOLVED: That all checks drawn against any of the funds of the Cospany on deposit with the First-liational Bank of Danville, Danville, Virginia, to the credit of the Payroll Account of the Danville Leaf Department of the Company, shall btar the signature of any one of J I " the following: l. R. Patterson A. B. SeTard Louis H. Lindsey ;.,lnnie B. Scruggs ' C. A. Taylor; provided that no check so drawn is to be honored by said Bank unless w presented within thirty days from date issued, 'lhis resolution super-,4 sedes all previous resolutions in regard to the signing of such cbecks $.A - On sotion of Mr. Hope.ell, seconded by Ilr. Jaaes, it was unani- axmsly r~' .., - - i - - • RESOLVED: per week R w R to W u
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>zs the Company on deposit with First National Bank and Trust Cotpany,' Lesington, [entucicy, to the credit of the Regular Account of the Lexington Leaf Departnent of the Coapany-shall bear the signatures n •355 of any two of the following: ~: J. i. Pile ! . l. Jones c . -C. C. 8pissu T. R. Shinkle. ~ This resolution supersedes all previous resolutions in regard to the signing of such checks. • On notion of l(r. Hopeeell, seconded by Xr. Jases, it was snanisously RESOLVED: That all checks drawn against any of the funds of the Company on deposit with First National BanY and Trust Cospany, Le:ington, tentucty, to the credit of the Payroll Account of the Lexington Leaf Department of the Co.pany, shall bear the signature - -of any one of the following: J. t. Pile _ A. Jones ~ ± r C. C. 8pissu ?. fl. Sbin.tle, provided that no check so drawn is to be honored by said Bank on- less presented within thirty days fro date issued. This resolu- tion supersedes all previous resolutions in regard to the signing of such checks. On otion of ![r. Halley, seconded by 1[r. Eopeeell, the folloe- ing advertising expenditures, all of which are a part of and within the sun of toney authorized by the Board of Directors at a neeting held October 15, 1952, for an advertising progra during the year 1953, were in all respects approved, ratified and confiraed: . r / Estiiates of Lennen & Fewell, Inc., as follors: , 0427, Revise 1, dated July 31, 1953, covering radio advertising of OLD GOLD Cigarettes in Sa.aii, October 20, 1952 through Septeaber 5, 1953, at a total cost of $5,750., $1,312.50 of nhich is charged to the 1952 advertising budget, and $4,437.50 to the 1953 advertising budget; % rr , , g441, Revise 1, dated August 4, 1953, covering advertising of/ OID GOLD Cigarettes in service aagazines 4uring 1953 as therein set out, at a,cost of $10,539.36; .. r . -• . therein set out, at a cost of $9,558.48; #442, Revise 1, dated August 4, 1953, covering advertising of ~ OLD GOLD Cigarettes in sedical publications during 1953, as there -W ia set out, at a cost of $16,197.54; . ' . ' ~ I443, Revise 3, dated August 4, 1953, covering advertising of IPA OID GOLD Cigarettes in religious publications during 1953, as W of OID GOLD Cigarettes (sponsorship Queen for a Day). August 17 through October Q, 1953, *t a cost of $52,352.94; 0455, Suppleaent 1, dsted July 31, 1953, covering radio advertising
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i #456, Revision 1, dated July 8, 1953, covering cost of OLD GOLD advertising in •Induatrisl Retail Stores, FebruarJ and November, 1953, in the sua of $439•05j f2-Snpplement 1, dated June 30, 1953, covering cost of advertising KENT Cigarettes in tvo color spread in August edition of Jonnnal of American Medical Association, in the s9a of =11,830.40i /2-Supplement 1, dated May 20, 1953, covering cost of advertising KENT Cigarettes in the Journal of the American Medical Association, Ztay thru December, 1953, as thefein set out, in the sua of $10,557.42; fTY-3, dated July 14, 1953, covering sponsorship of e?he Vebe pro- gram by KENT Cigarettes from Juni 28, 1953 through September 20, 1953, in the sum of $l,80,152.18= - f6, Revision 2, dated July 22, 1953, covering KENT advertising in four consumer magazines (Life, Saturday Evening Poet, Ti=e and Mevs- veeY), May thro ugh December, 1953, in the s m. of $925,926.33• The secretary laid before tbe -meeting the follovingt Lease from Carolina Life Insurance Conpany of Rooma 309-310 Carolina Life Building, Columbia, South Carolina, for one year from July 1, 1953, at an annual rental of $660, paynble monthly in advance, under terms and conditions therein set out, vhich On notion of Hr. Hopevell and seconded by Mr. Gruber, vas in all respects approved, ratifiid and confirmed. . On motion of Mr. Gruber, seconded by Dr. Yarmele, it vas nnani- -_moasly $ESOLVEDt- That this Company pay =500.00 to the National Better Business Bureau for membership reneval from September 1, 1953 to September 1, 1954• -- "-- . . - On-motion duly made and seconded, the meeting vas adjourned. . - . ,. . ~~ . , . . . .- ~ ,~~
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August 19, 1953 -353 I A regular seeting of the Executive Com ittee of P. Lorillard Cospany .as held today at the office of the Coapany, 119 test 40th 8treet, Hew York City. Mr. acted as There were present Messrs.: t.Y. lalsoo ~ ' Jn.na F. Woessner, Secretary l. ' Jaaes ' H. A. [ent 1. J. Halley F. Hope.ell - - - I H Peak [ent, Chairman of the Board, presided nnd Secretary of the meeting. tse Secretary On sotion duly aade and seconded, the reading of of the previons meeting was dispensed sith. On notion of Mr. Hope.ell, seconded by Mr. Peak, unanimously the ainutes it was - ItBSOLVSD: That the following employments of Salesmen, with the authorization of the Sales Dept. and the approval of I. H. Peak, Vice President, be and the sase hereby are in all respects approved, ratified and confirmed: . . , ,; . . At the rate of: Effective: _ lrank J. Locascio, Jr. :55 per week 8/17/53 Wayne B. Phillips ~ 55 ^ George D. Walker 55 . ^ ^ On motion of Mr. Hope.ell, seconded by Mr. Peak, it was _dnaniaously , . . itESOLVED: That the following employments be and the saae f bereby are in all respects approved, ratified and confirswed:. + / Hew York Offsce ~ ,..rllorence Goldreich lnna H. Brogan `: Albert Barbiero At the rate of: $43 per week 46 39 ^ tffective: 8/12/53 8/13/53 8/18/53 Old Gold Branch ` Lillian D.;Hand 43 ^ d/13/53 approved, ratified and confireed: I _', each effective August 27, 1953, being incident to the terss of salary agreements or to established salary rate schedules covering work assignments and in operation of an established plan of salary increases based upon merit and/or length of service within estab- lished rate ranges, be and the sase hereby are in all respects } RESOLVED: That the follo.ing'increaees in salary of Salesmen, . On sotion of Mr. Peak, seconded by Mr. James, it was sously I . , + r 1 a.
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Street, Yev Tork City. .....-.There vere present Hesara.t H.l. Kent J•regular aeeting of the EzecntiTe Coanittee of the P.Lorillard -CoapanT vas bold today at the office of the Company, 119 Vest l,0th I c. W.J. Halley T. Hopevell , J.J. Blacknall I.H. Peak L. Gruber A. Janes •ngnst 12, 1953 , H.B. Paraele t.Valson T. Yeiake, Assistant Secretary IIr. Lent, Chairman of the Board, presided and the Assistant aecretar7 acted as Secretary of the aeeting. --- On aotion duly made and seconded, the reading of the inutes of the previous meeting vas dispensed with. On motion of Mr. Hopevell, seconded by Hr.Gruber, it was nnaniaoualT and the approval of L. Gruber, Vice President, be and the same hereby are in all respects approved, ratified and confirmedi .Varehouse Packer, with the authorisation of the Sales Do part.ent HESOLVED: That the following employments of Salesmen and• At the rate of: LffectiTet William G. Eunkel =43 per veek ' 7/27/53 Albert D. Barron 55 e B/10/53 Bobert J. Brown 55 e e Trancis J. Brovne 55 e e Billy J. Higgins 55 e , e Arthur S. Hodges 55 e s Ruaeell 8. Halaaphy7 55 e  Daniel V. Turner 55 e. e Andrew Van iConteren .".55 Donald 8. Yilliazs 55 e e r On otion of Mr. Hopevell, seconded by Mr. Gruber, it vas unanisousl7 , , . RESOLQEDs That the following e.plopments be and the saae hereby are in all respects approved, ratified and confir.edt - iev Zork Office Margaret O'Connor $46 per week At the rate of: EffectiTes •Old Gold Branch Gemma Giordano Oalina Golubow Ann P. Joyce ,
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- On motion of Mr. Hopevell, seconded by Mr. Gruber, it vas nna nimonsly RESOLVED: That the following increases in salary of Salesmen, each effective August 10, 1953, being incident to the terms of salary agreements or to bestablished salary rate schedules covering vork assignaents and in operation of an established plan of salary ;.increases based upon merit and/or length of service within estab- lisbed rate ranges,-be and the same hereby are in all respects approved, ratified and confirneds .- , - From the rate ofs To the r}te oft Robert L. Hart Jack D. Howell ' Latson D. Beard lnse M.Davis Barney L. Leopard Frank P. Lopesso Sal.adore J. Oddo ~ . Ralph Grothkopp John H. Lemon Saul Malaberg Richard A. Hanney .James G. Sloane, Jr. • Lloyd A. Volf From the rate of s , To.the rate ofi --•- -- ~ - -- -- - ' $65 65 60 60 60 60 6o 55 55 55 55 55 55 On the motion of Mr. Hopevell, seconded by Mr. Gruber, it ~ was unanimously " AESOLYED: That the following increases in salary at the Louisville Branch, due to pronotion or by reason of additional responsibilities and being individual merit increases in operation of an established plan of salary increases based upon merit and/or length of service within established salLry rate ranges, be and != ',the same hereby a e in.all,respects approved, ratified and confirmeds Effective 8/1/53s ~" Earl HcLinaey I' - :$104 per vesk $5,550 per annum ; - Zffecti.e 8/7/53: ~ ~ ea m . eo a 3 'k Eugene H. Fronk 7I, e .e2 per veek W d 60 a H l l B 6 e advertising expenditures, all of which are a part of and within the snm of money authorized by the Board of Directors at a meeting beld October 15, 1952,.for an advertising program during the year 1953, ' vere in all respects approved, ratified and confiraed: C On motion of Mr. James, seconded by Mr. Hopevell, the folloving , Estimates of Lennen and Mitchell, Inc., as follovss ~i /439, Revision 3, dated July 16, 1953, covering cost of OLD GOLD (.) 1953, in the sum of E23,960.57f , ~,j advertising in seven trade magazines, Februar7 through MoTember %L3 L
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George A. Collis - John A. Castansa •Jack D. Danato Samuel B. Duncan Charles E. Haines Elno E. Bill Villian IC„ Sropp, Lellogg 0. Lyndes Robert A. 8eichle Lt the rate of: Effectivei $75 per week 8/3/53 • 55 55 55 e 35 , • 55 ~ •. Jr. • S5 • 55 55 • _ ..._ s On notion of Hr. Blacknall, seconded by Mr. Hopevell, it va• 3 nnanisouslT HFSOL4EDS That the enployaent at the Old Gold Branch of Hr7hor>> B. Duas, at a salary of $46.00 per veek, effeotive July 30, 1953, be and the sane.hereb1 is in all respects approved, ratified and oonfirmed. On notion of Mr. Hopevell, seconded by Mr. Jaaes, it was nnaninouslT ~ RFSOLRED: That the folloving increases in salry of lssistant Division Manager and Saleaaen, being incident to the terms of salary agreements or to established salarl rate schedules covering vork assignments and in operation of an established plan of salary increasee based upon nerit and/or length of service within estab- lished rate ranges, be aud the same hereby are in all respects approved, ratified and confirsed: Effecti.e Edaund Burke Ju_ly _Z7 John C. benneall7 Robert H. Lee 'James J. Linehan Ervin C. Markovits Lester T. Sheets Iffeeti.e Aueust 3 John C. Brown -- Carl R. Brown Jack E. Bainey Villiaa A. Guahurat ]ianrice H. McETo7 Yhilip Gramaatico Villias T. Ponder Charles E. Southvick John Y. East Thomas J. McGrath . Jerry H. Fields Lugustns C. Gentry, Jr. Fros the rate of: $55 per week 55 55 55 55 55 82 74 71 70 70 68 68 65 60 60 55 55 • • s i To the rate of: per week • • • .
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lrthnr J. Graff Billy D. Bnnter Robert I. Parker - Robert L. Honss Lssistaot Searetary
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. • . . . . . . . ~. 7.246 1953,,in grocery s+agazines as therein set out, at a cost of =59,116.81. • The Secretary laid before the seeting the following: Lease froa Woodsen Building Corporation, of @oo 301 foodaen of the World Bldg., O.aha, 1(ebraeka, for one year from -- July 1, 1953, at an annual rental of =T50., payable .onthly in adrance, under terss and conditions therein set out; Lease from Jaaes C. and Yarie A. Gasble, of Boo. 100, 1301 West -3rd Avenue, Denver, Colo., for a period of one year from August 1, 1953, at an annual rental of $780., payable aonthly in advance, ander terss and conditions therein set out; Lease fro. Tenth Street Building Corporation of Erie, of 619 G. Daniel Baldwin Bldg., Erie, pa., for one year from septeaber 1, 1953, at an annual rental of $540., payable syontbly in advance, ander terss aod conditions therein set out; each of •bich On s,otion of Kr. Blacknari, seconded by Kr. Walson, .as in all respects approved, ratified and confiraed. On sotion of Mr. Balley, seconded by Kr. Peak, it sas" snanisously --- - -- -- 7 - • RESOLVED: That this Coapany contribute to the Coaittee for Econoaic Sdacation the sun of $100.00.
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:: 34? August 5, 1953 t regnlar meeting of the Executive Committee of P. Lorillard Company vas held today at the offics of the Company, 119 Vest 40th Street, H.v York City. -. There .ere present Hessrs.s H.A. Eent V.J. Halley r. Hopewell- J.J. Blacknall L. Gruber H.B. Paraele A. James • P.M. Valson P.R. Veiske, lsst.•Seoty. aecretary acted as Secretary of the meeting. On motion duly made and seconded, the reading of the minute. of the previous meeting was dispensed with. Kr. ient, Chairman of the Board, presided and the Assistant On motion of Mr. Hopevell, seconded by Mr. James, it was znaniioasly ]tlSOLQEDs That the action of J.J. Blacknall, Tice President, and G.O. Davies, Treasurer of this Company, in renewing on August 3, 1953, on behalf of this Company, the loan made Hay !„ 1953 from Chemical Bank & Trust Company, 11 Vest 51et Street, Nev Tork, Yev York, in the sna of One Million Dollars ($1,000,000.00), and in ezecnting and delivering in the name of this Company its.promissory note evidencing said debt; bearing dat. of Augnst 3, 1953, and payable at bank ninety-one (91) days from said date, with interest at the rate of 3j% per annum from said date, be and the same hereby is in all respects approved, ratified and confirmed. On motion of Mr. Hopevell, seconded by Mr. Janes, it vas J iaanisousl, / . RESOLifBDs That the action of J.J. Blacknall, iice President, and G:O. Davies, Treasurer of this Compa ny, in renewing on August 3, 1953i on behalf of this Company, the loan made May l„ 1953 from Chemical Bank & Trust Company 11 Vest 1Clet Street Hev York N v , , , e ZorY, in the sum of One Million Dollars ($1,000,000.00), and in ezecuting and delivering in the name of this Company its, promissory swte evidencing said debt, bearing date of August 3, 1953, and payable at said bank ninety-one (91) days from said date, with interest at the rate of 34¢ per annua from said date, be and the C) -sase hereby is in all respects,approred, ratified and confirmed. m4 On aotion of Y.r. Hopevell, seconded by Mr. James, it vas Q tnanisously . .14 BESOLYEDs That the following employments of Salesmen, with ~ the aathorisation of the Sales Department and the appro~al of J.J. Blacknall, Vice President, be and the same hereby are in all ~ respects approa d, ratified and confirmed: I
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1 regular meeting of the Executive Company was held today at the office of Street, Few York City. ,Zbere were present I. H. Peak J. J. Blacknall A. James H. B. Parsele y. Y. Walson Lana y. foessner, ~ July 29, 1953 Committee of P. Lorillard the Company, 119 iest 40th A. Kent J. Halley Hopewell Secretary Mr. Kent, Chairman of the Board, presided and the Secretary acted as Secretary of the meeting. .On notion duly made and seconded,tbe reading of the minutes of the previous meeting was dispensed with. On totion of Mr. Peak, seconded by Mr. James, it was unanimously RESOLVED: That the action of the Executive Vice President, and the Treasurer of this Company, in renewing on July 27, 1953, on behalf of this Company, the loan made April 27, 1953, from lirst & Merchants National Bank, Richmond, Virginia, in the sun of Two Hundred Thousand Dollars ($200,000), and in executing and delivering in the aanie of this Company its promissory note evi- dencing said debt, bearing date of July 27, 1953, and payable at said bank ninety-one (91) days from said date, with interest at the rate of 3~k per annus from said date, be and the saie hereby is in all respects approved, ratified and confirmed. On motion of Mr. Hope.ell, seconded by Dr. Parsele, it was unanimously r HESOLQBD: That the action of Mr. J. J. Blacknall as Vice President, in executing an agreement dated July 7, 1953, between Lentucky 4 Indiana Terminal Railroad Company a== :Lie !'onpany,, concerning construction, use and maintenance of industrial side- tracks at the Louisville Branch of the Company, as more fully+ :sho.n by the terms of said agreement presented to this seeting, ~ and which abrogates any agreements between the parties hereto or ?tbeir predecessors covering construction, maintenance and operation J of said tracks, except that agreement dated August 1, 1951, for the construction of wire fence and gates, be and it hereby is approved, ratified and confirmed. C appoint Mr. A. J. Cheek, Jr., and Mr. G. A. Hoffsann as the agents ~1 of this Company upon .ho service of process may be made in suits ~.) and actions against this Company and all legal notices served ~ for all purposes in the State of Kentucky and the State of Virginia, rQ ~ respectively, in the places of Yr. H. D. Seeley and Iir. J. A. GlascockbJ •now retired employees presently retained on a year to year basis. ~ ~ Thereupon, Yr, Halley stated to the meeting that it is advisable to Yessrs.: H. T. !. 0 ii a
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: .345 RESOLVED: That this Cospany, a corporation organized and existing under the laws of the State of New Jersey, hereby appoints as its agent for the service of process in the State of Kentucky Hr. A. J. Cheek, Jr., whose address is 3029 Michigan Avenue, Louisville, Kentucky, and the designation of the agent heretofore asde is hereby revoked. - On sotion of Yr. Halley, seconded by ![r. Hope.ell, it was ananisously tBSOLYED: That this Cospany; a corporation organized and existing under the laws of the State of New Jersey, hereby appoints as its agent for the service of process in the State of Virginia Yr. G. A. Hofisann, whose address is 23rd and Cary Streets, Hicbzond, Virginia, and the designation of the agent heretofore sade is hereby revoked. On sotioo"of llr. Hopevell, seconded by Hr. Jaaes, it •as• ananisously - RESOLVED: That the following esploysents be and the saie bereby are in all respects approved, ratified and confirsed: hes Tork Office Henry Hayden At ths rate of: $11,000 per annua Effective: 7/27/53 Slizabeth falsh ___ 75 per week ^ Ruth Lanigonis 56 " 7/22/53 ' - Louisville Branch Robert K. Fenno 72 0 7/15/53 ' Whitlock Branch John i. Pool w 61 7/20/53 .. 'On rotion of Mr. Peak, seconded by Ilr. Jaaes, it was ' nnanisously RESOLVED: That the following increases in salary, due to prosotion or by reason of additional responsibilities and being individual serit increases in operation of an established plan of salary increases based upon serit and/or length of service within established salary rate ranges, be and the sase hereby are in all respects approved, ratified and confirsed: lroa the rate of: To the rate of: Sffective: Be. Tork Office: John Ssith $80 per week $88 per week 8/3/53 Old Gold Branch: w Carol Bernhardt 65 66 ^ , . 7/20/53 A © 96 0 lrsand ifaebe 90 w On notion of Hr. Hopeiell, seconded by 1[r. Blacknall, the following advertising expenditure, which is a part of and within ~ the sus of soney authorized by the Board of Directors at a meetingoo ,, bold October 15, 1952, for an advertising prograa during the year N 1953, was in all respects approved, ratified and confirsed: Zstisate #438, Revise 4, of Lennen h lte.ell, Inc., dated July 15, 1953, covering advertising of OLD GOLD Cigarettes during Decesber,
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From the rate ofs Paul A. Davis $70 per veek $75 per veek Albert V. Martiny, Jr. 65 • ' 70 • Villiaa R. Forson 63 • 68 • Robert M. Baker 60 • 65 e . Remo A. Helncci 60 • 65 Clayton K. Tenfel 60 • 65 e Charles R. Haasis ~ 55 ' • 60  Yilliam P. Sexton 55 • 60 e Robert J. Weaver 55, • 60 e On notion of Mr. Gruber, seconded by Dr. Parmale, it vas nnani- aously 1iYSOL4EDt That the increase in salary of Olga A. Toors, employed at the Hsv Tork Office, from the rate of $48.00 per veek, to the rate of =51.00 per week, effective July 20, 1953, by reason of addi- tional responsibilities and being an individual merit increase in operation of an established plan of salary increases based upon merit and/or length of service vit hin established salary rate ranges, be and the same hereby is in all respeots approved, ratified and oonfiraed. ` On notion of Mr. HalleJ, seconded by Mr. Grnber, the following advertising expenditures, all of which are a part of and within the snm of money authorized by the Board of Directors at a meeting held October 15, 1952, for an advertising progras during the year 1953, vere in all respects approved, ratified and confiraed: ._ . . ~ tstimates of Lennen & Mitchell, Inc., as follovs: #429, Supplement l, Revise 1, dated June 15, 1953, covering cost of television advertising for OLD GOLD Cigarettes on •Tio for the 1lone7, Ja nuary 6 through August 11, 1953, in the sun of 51,299,797.19T /480, dated Kay 13, 1953, covering cost of advertising OLD GOLD Cigarettes in service magazine •Post Ezchange June, 1953 through •4pril, 1954, in the sun of =1,808.50. . , . ;_ .. / , of =SB9 SOf t a ooat f487, Snppleaent A, dated June 26, 1953, covering cost of television eom=ercials for MURIEL Cigars for Father's Day, in the sna of $41.92; #492, Supplement 1, dated June 22, 1953, covering advertising of OLD ~( GOLD Cigarettes in weekly paper •East Side Mevs on Jnne 27 and July 11 inne co.erng a.ersn o 1 d t d J 22 1953idtiif BRIGGS s a e . ~ a S , , g ~ e , e. Tobacco in Life Hagasine, September 14 through December 21, at a cost ~ of =22,061.633 . . _ _~ OLD GOLD Cigarettes in Indianapolis, July 20, 1953, 1954, at a cost pf i36,946.00. #496, dated June 29, 1953, covering spot television ii /
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343 j . Estisates of National Ezport Advertising Ser•.ice, Inc., as follovst- Dated June 25, 1953-covering foreign nevspaper advertising of LMBASSI Cigarettes as therein set out, August through Decenber, 1953, in the sua of $2,716.56, . Dated Jnne 29, 1953, changing estimate of March 26, covering erport newapcper advertising of EMBASSZ Cigarettes, HaJ 6 through July 29, 1953, because of decreased lineage rate of =24.70t Dated Jnne 29, 1953, changing eatiaate, dated Decesber 3, 1952, covering foreign newspaper advertising of OLD GOLD Cigarettes, January 2- December 18, 1953, dna to decreased lineage rate of $91.73. / I 5
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RESOLVEDs That this CoapanT contribute to World Hedical Association, Re: York, Yev York, the sua of =675.00, i Secretar7
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-341 July 22, 1953 , Y.J. Halley T. Eflpevell L. Gruber A. James H.B. Parmele Anna T. Yoessner, Secretary Mr. Sent, Chairman of the Board, presided and the Secretar? and oonfirmeds r lJ f At the rate oft Zffeotive: ~ On motion of Mr. Hopevell, seconded by Mr. Gruber, it was snanimously, • • ~ 1 - 1 "' ~ I l. 1 RESOLYED: That the following employments at the 21ev York Office be and the aame hereby are in all respects approved, ratified J*0th Street, ltev Zork City. There were present Xessrs.: H.l. Sent A regular meeting of the Executive Comuittee of P. Lorillard Company vae held today at the office of the Company, 119 West aeted as Secretary of the meeting. - of the previous meeting was dispensed with. = On notion duly made and seconded, the reading of the minntes ` On motion of Mr. Hopevell, seconded by Mr. Jaaes,'it was ananimously $ESOLVEDs That all certificates of stock of this Company .bearing the facsinile signature of W.J. Halley, as Ezecnti.e Yice President, issued at a date subsequent to April 28, 1953, shall be valid in every respect, notwithstanding the fact that Mr. Halley ras elected President of this Company on April 28, 1953. TDRTHER R&SOLQEDs That all certificates of etock of this Company bearing the facsinile signature of Todd Wool, as Secretary, issued at a date subsequent to June 30, 1953, shall be valid in every respect, notvithstanding the fact that Mr. Wool resigned as Seoretary of the Conpany on Jnne 30, 1953. ~ Ann foss $46 per week . 7/16/53 W , • _ ., . . . ~; ratified and confirmeds men, each effective July 20, 1953, being incident to the teras of salary agreements or to established salary rate.schedules covering 'vork asnignments and in operation of an established plan of salary increases based upon merit and/or length of service within established rate ranges, be and the saae hereby are in all respects approved, SFSOLQEDs' That the following increases in salary of Sales- Claire O'Helia 40 e e 7/20/' j3 NI
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July 15, 1953 c A regular meeting of the Executive Committee of P. Lorillard Company vas held today at t he office of the Company, 119 Vest 40th Street, iev York City. << , , H.A. Kent V.J. Halley ?. Hopevell I.H. Peak - - J.J. Blacknall L. Grnber -L. James H.B. Parmele T.H. Walson lnna F. Voessaer, Secretary - On motion duly made and seconded, the reading of the minutes of the previoua meeting vas dispensed with. ' On motion.of Mr. Hopevell, seconded by Mr. James, it vas nnani- monsly BSSOLVEDs That the action of J.J. Blacknall, Vice President, and I.H. Peak, Yice President of this Company, in renewing on July 13, 1953, on behalf of this Company, the loan made April 13, 1953 from Guaranty Trust Company of Hex York, 140 Broadwayt liew York, liev York, in the sun of One Million Dollars ($1,000,000.00), and in executing and delivering in the name of this Company its promissory note evidencing said debt, bearing date of July 13, 1953, and pay- able at said bank ninety-tvo (92) days from said date, with interest at the rate of 3}4 per annnm from said date, be and the same hereby , is in all respects approved, ratified and confirmed. fl i On motion of Mr. Blacknall, seconded by Mr. Gruber, it was nnsn- imonsly RESOL4EDs ?hat the following employments be and the same hereb are in all respects approved, ratified and confirmeds At the rate ofi iev York Office Gloria Florovits ' ~43 Bettye Henaley 43 James Hayes - 48 Margaret McCaffery 43 Marilyn Rosenberg Clarence McIntyre 56 Old Gold Branch lt.J. Piergiovanni Walter Schirmeister There vere present Hessrs.: I Effectives per week 7/8/53 . e . ' • 7/13/53 / e e e ~ e e 7/14/53 ~
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;339 On motion of Mr. Hopevell, seconded by Dr. Parmele, it was ~ unanimously aESOLOED: That the following increases in salary of Division Manager, Salesmen and Clerk, eeob effective July 13, 1953, being incident to the terms of salary agreements or to established salary rate schedules covering work assignments and in operation of an established plan of salary increases based upon merit and/or length of service within established rate ranges, be and the same hereby are in all respects approved, ratified and confirmed: Trom the rate oft To the rate of: llbert Straub =90.00 per week $95.00 per week Theodore Zymanek 85.00 90.  e Yilliam Virginia 80. s 85. s s Lyndell L. Stiff 71. e 76. e s John Harin 63. 68 s s Leonard Czech 60. e 65. e  Oerard Dapolito - 60 s 65. e s Raymond Jahn 60 e 65 . Thomas Mangan 60 e 65  e George Smith 60 s 65 e e Hancy Yaddbll 60 e 65 . Tboaca Bartolo 55. s 60 s • e 1[es.er Hendriz 55 s 60 e s ll3'red Klein 55 e 60 e e Carl Lorman 55 60 e s lrancis HcCabs 55 e 60 . Dnane Stromberg 55 e 60 a s Jefferson Vaughn 55 e 60 e a ![abel Cain , 55 e 58 e e On motion of Mr. Hopevell, seconded by Dr..Parmele, it vas 'nanimously HSSOL4EDt That the increase in salary of Estelle Fitch, employed at the Nev Zork Office, from the rate of $75 per week, to.the rate of $80 per week, effective July,6, 1953, due to pro- aotion, be and the same hereby is in all rjspects approved, ratitied and confirmed. .rThs Secretary. laid before the meeting the follovings lgreement dated May 1, 1953 with i.D.T. Company, supplemental to and expiring concurrently with agreement dated December 27, 1951, tor direct connected service of fire alarm unit at the Companyls Lexington, Ky., plant for a period of five years from date system is operative, and to continue from year to year thereafter unless terminated by either party on 30 days' notice, at an installation cost of $336.00, and a maintenance cost of a1l,4.00 per annum, under terms and conditions therein set out; which On notion of Hr. Peak, seconded by Mr. Hlacknall~ was in all respects approved, ratified and confirmed.
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RESOLVEDt That the folloving employments of Salesman and Yarehonse Packers,b vith the authorisa2lon of the Sales Dept. and the approval of I.H. Peak, Vice President, be and the same bereby are in all respeots approved, ratified and confirmed: aously At the rate oft Iffeotires E.T. Harpring $1,200 per month 7/30/53 J.Y. Riley 900 ! • 7/16/53 On notion of Mr. Peak, seconded by Mr. Gruber, it was unani- At the rate oft Effeoti.e: Cherles B. Cherneak7' $43 per week 6/16/53 Larol E.J. Eruaseveki 43 • • Joseph Y. Domsalski, Jr. 43 • 6/29/53 ltichard _t!.• MoPhereon 75 • • 7/6/53 On notion of Mr. Peak, seconded by Hr. Gruber, it was unani- aona7,y RY.SOLVBDs 2hat the following employments be and the eaie bereby are in all respects appro.ed, ratified and confirmedc Old Gold Branch - ananiaousl7 /' / . / I ~ f At the rate oft Effectivet Valter Zinn 33 . • 7/6/53 Mary Cravford - 40 Helen Curry - : -•39 • - • John J. GaSTin $6,250 per annum 7/1/53 Harriet aahn 43 per week • ?herese I. Rodgers 60 • 6/30/53 On notion of Mr. Hopevell, seconded by Mr. Gruber, it was .z=oLYaD1 InLt zn° ro11ov1ng increases in salary or Ylaslon f ser.ice vit hin established rate ranges, be and the same herebT'are 4 all s ots roTed atified and confirmed: ~ i !' lisb°d plan of salary increases based upon merit and/or length!of schednles covering work assignments and in operation of an estab- to the terms of selarT agreements or to established salary rate Manager and Saleeaen, eaoh effective July 6, 1953, being incident .Yroa the rate oft To the rate oft • Ivar H. !(ordqniat Alfred H. Gustafson 7rancia T. Mooney • Orville v. xoon 1[aryin R. Buhai Jases H. Chapman • Alexander S. Yereno 1-1
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. ^1 ==33? 1 lrom the rate of: To the rate oft 1 Bruce L. Levin =5S per week $60 per week John J. Mattimore 55 e 60 a Richard S. Rusaell 55 s 60 a - Richard C. Smith 55 s 60 e Joseph P. Stengel 55 e 60 s Billy B. Stewart 55 : 60 s Lavrenae B. Trullinger 55 i 60 e On notion of Mr. Hopevell, seconded by Mr. Gruber, it vas tnaniaonaly __ -____RESOL9EDz That the increase in salary of Vincent Gallo, employed at the Sev lark office, from the rate of $57 per veek, to the rate of $68 per week, effective July 6, 1953, due to pro- sotion, be and the same hereby is in all respects approved, ratified and confirmed. . On notion of Mr. Gruber, seoonded by Dr. Parmele, the fol- loving advertising expenditures, which are a part of and within the sua of money authoriaed by the Board of Directors at a meetins IIeld October 15, 1952, for an advertising program during the year 1953, were in all respects approved, ratified and confirmedt r t cost of $1,160,904.44i 1437, Revise 3, dated June 16, 1953, covering magazine advertising of OLD GOLD Cigarettes during 1953 as therein set out, at a total Zstiaates of Lsnnen &evell, I,nc., as follovs: fj68, Revise 2, dated June 16, 1953, covering magazine advertising of OLD GOLD king-size Cigarettes during April, May and June 1953, as therein set out, at a total cost of $170,098.37; #491, dated June 15, 1953, covering talent costs for television nitchhikes advertising MURIEL Cigars for 13,veeks beginning May 21, 1953, in the sun of $1,380. / the Secretary laid be~ore the meeting the followings Liase dated Jane 8, 1953 rom Realroc, In., of Roos 321, Burke ldg., Rochester, N.Z., f r one year from August 1, 1953, at an nnual rental of $900., yable monthly in advance under terms % On motion duly moved and seconded, the meeting adjourned. ~ and conditiona therein a t out, which On motion of Mr. H pevell, seconded by Mr. Gruber, was in all respects appro.ed, atified and confirmed. i i C ~ °ee ar7 .4
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\ #475, dated May 26, 1953, covering kinesoope production costs for television advertising of king-sise OLD GOLD Cigarettes on Tvo for the Money during April 1953, in the sum of $7,475.001 1476, dated May 26, 1953, covering kinescope production costs for "television advertising of king-sise OLD GOLD Cigerettss on Chanoe of a Lifetime during April 1953, in the sna of $5,175.00j #482, dated May 25, 1953, covering installation of applanse neters for use on Chance of a Lifetime television program advertising OLD Gold Cigarettes, at a cost of $690.00j* f487, dated May 25, 1953, covering editing of Father's Day Cotaercial advertising 2SIIEIEL Cigars on Chance of a Lifetiae and Tvo for the -. lfone7 television programs, at a cost of $57.50; 1488, dated Ha7 25, 1953, covering editing of Father's Day coa.aercial advertising OLD GOLD Cigarettes on Chance of a Lifetime and Tvo for the Money television programs at a cost of $57.50. On notion duly noved and aeconded, the neeting vas adjourned.
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July a, 1953 L regular meeting of the Ezecntive Conuittee of P. Lorillard Company was held today at the office of the Company, 119 Vest 40th Street, Nev Iork City. H.B. Parmele Anna F. Voessner, Secretary T.Y. Valson L. Grnber A. Jaaes There vere present Messrs.t H.A. lent • T. Hopevell J.Z. Blacknall I.H. Peak llr. lent, Chairman of the Board, presided and the Secretary acted as Secretary of the meeting. On notion duly made and seconded, the reading of the minutes of the previous meeting vas dispensed with. The 8ecretary laid before the meeting affidavit of Merrill Lynch, Pierce, Tenner & Beane of Nev Iork, ll.I., dated June 11, 1953, in connection with the loss of certificate No. H-91197 for one hundred shares of Conmon Stock of tt;is Company of the par value of $10. per share, registered in the name of Elvood C. Davenport; also, bond dated June 5,-1953, with Bational Surety Corporation, Nev York, N.I., a Nev Iork eorporation, as Surety, in an aggregate sum not exceeding the maziIIum for xhich Surety nay lawfully obligate itself in respect of any single risk, in- de=nifying this Company, the Nev Iork Trust Company, Transfer 'Lgent, and The National City Bank of Hev Iork, Registrar, against any loss or damage which may result from the issaance to Merrill Lynch, Pierce, Fenner & Beane of a new or duplioate certificate, in the place of the one lost, and, On zotion of Mr. Hopevell, seconded by Mr. Peak, it vas anani~oualy _ . EESOLOLDs That The Hev York Traat Company be aad it is hereby authorized and diYected to issue to Merrill Lynch, Pierce, Tenner & Beane a new or duplicate certificate for one hundred shares of Common Stock of this Company of the par •alne of ,',10. per share, in place of the one registered in the name Elvood 0. Davenport, alleged to haTe been lost, and that tbe Fational City Bank of llev Xork be and it is hereby authorized and directed to register such nev or duplicate certificates. I •. • . ~ , On aotion of Mr. James, seconded bT Mr. Blaoknall, it was Qnanimoualy kESOLTSD:I That the following temporary employments during ~ the btping season on the burley markets be and the same hereby W are in all respects approved, ratified and oonfirmedt ~ r _.....•.
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At the rate of: Effective lev TorY Office • John 0. Ferriter 7,500 per annum 6/29/53 Hoberta PaliclY 39 • veek • : : f. . : 1 - ~ - • On aotion of Mr. Blacknall, seoonded by Mr. Jaaes, it vas nnaaimouslT • RFSOLVEDs That the folloving employsents of Salesmen and Clerks, vith the authorisation of the Sales Dept. and the approval of F. Hopevell, EzecutiTe Yice President, be and the same hereby are in all respects approved, ratified and confiraed: >t the rate oft Zffective Madeline H. Silver $72 Richard H. Stiles, Jr. 65 George V. ldams - 55 Maurice V. Dixon 55 tred M. Perrell 55 Leonard G. Gallagher - 55 Donald H. Gibson 55 Ralph E. Good SS -Derald D. Rentrich 55 Max D. Hun1e7 - 55 Yillian L. ?leadovs 55 Horace P. Schaeffer 55 John G. Stenger 55 Sheila 0. Graf 50 BESOLYED: That the folloving employments be and the same hereby are in all respects approved, ratified and confiraedt Yalter A. Torbki 51 • • 6/8/53 William BooneJ 46  • 6/22/53 Helea Y. Selger 43 • • 6/23/53 r ~ f I' Old Gold Branch On aotion of lir. Hopevell, seconded bi Dr. Parmele, it vas nisonel7 i RF.SOLPLDs That the fo loving increaeee in salary of Division anager, lssistant Division Manager and Salesmen, due to promotion or being incident to the terms of salary agreements or to establisbed salary rate schedules covering vork assignments and in operation of an eetablished plan of salary increases based upon aerit and/or Q length of service within established rate ranges, be and the-same ~ hereb~ are in all reepects ap ro.ed ratified and fit d p , con ae t . ` _ all a• Q
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_ ;.;_333 Troa the rate of: To the rate oft Effective 6/29/53 Post Jr. Robert Z $80 per week $90 per week , _ . John E. Corooran 68 • so • Donald 0. Hancock 70  75 ` Emmett 0. Boland 65 e 70 •. e Vallaoe V. Jones Voodley Albert F 65 65 e '7vC • . Bobert V. Terkan 65 e . Eugene R. Novotny 63 e 6S -• Carroll E. Baker 55' e 60 - • Paul H. Custard 55 . 60 • Robert C. Kelley 55 e 60 • .\ McWilliams Mary J 55 e 60 • _ . Albert Monoson 55 e 60 • Villiaa L. Redditt, Jr. 55 s 60 e Eugene V. Sloain 55 e 60 • sffective 6/1/53 Albert J. Laabreoht 55 e 60 e On aotion of Hr. Hopevell, seconded by Dr. Paraele, it was unanimously -E?SOLVED : That the following increases in salary, due to promotion or by reason of additional responsibilities and being individual merit increases in operation of an established plan of salarT increases based upon merit and/or length of service v]lhin established salary rate range, be and the same hereby are in a11 respects approved, ratified and eonfiraedi Tros+ the rate ofs To the rate oft 1ev ?ork Office - Effective 7/6/53 Goldie Storer . $43 per week $47 per veek Eailia Sirico 45 • ! 51 • Beatrice Yhite . 49 • 56 • ! Visconsin Leaf Dept. - Effaetive 7/3/53 Arthur ?. Jensen . 59 per week 61 1 o• On sotion of Mr. Bleeknall, seconded by Mr. James, the fol- lowing advertising expenditures, all of which are a part of and vithin the sua of money authorized by.the Board of Directors at ; a teeting beld October 15, 1952, for an advertising progras during i !the year 1953, were in a11 respects, approted, ratified and oonfiraedt ~ Estimates of Lennen & Hevell, Inc., as follows: . f410, Revise 1, Suppleaent 2, dated lSaJ 25, 1953, covering additional ooat for king-size OLD GOLD television advertising on Chance of a Q Lifetime, April 23 through May 14, 1953, in the sms of =388.82f ~, 1429, Supplement 4, dated May 26, 1953, covering additional produc- ~ tion costs for television program Two for the Money advertising ~. OLD GOLD Cigarettes, April 21 thro ugh June 23, 1953, in the sma 6 6-A 01 =4,759•5 f ,
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-..~r.~~. ! ! I W - (;330 ontf Lease dated Kay 19, 1953, from The Penobscot Building, Ino., of Booms 1905-1906, Penobscot Bldg., Detroit, Mich., for three years from July 1, 1953, at an annual rental of $2,3/,0.00, payable aonthly in advance, under terms and conditions therein set outj Lease dated June 2, 1953, from Rector Building Kanagement of Room 212 plus storage space in basement, Rector Bldg., Littl~ Rock; Ark., for one year from July 1, 1953, at an annual rental of i66o, payabler tonthly in advance, under ter'a and conditions therein set Lease dated May 29, 1953, from Sizty-siz EleTen Clayton, Inc., of Room 103, 6611 Clayton Road, St. Louie, }to., for one year from J uly 1, 1953, at an annual rental of $1,200.00, payable monthly in advance, under terms and conditions therein set outj Lgreement dated June 10, 1953, with Air Reduction Sales Company for requireaents of kirco aitrogen for use at the Richmond, Va., plant of the Company from June 1, 1953 through June 1, 1956, ander terms and conditions therein set outf Agreement dated June 1, 1953, vith General Electric Company for purchase of electric lanps for one year from June 1, 1953, under terms and conditions therein set outj On motion of lir. Blacknall, seconded by Mr. lanes, vare in al2 respecta approved, ratified and confirmed. On aotion duly moved and aeconded, the meeting vas adjourned. 11 I
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fl~31 A regular meeting of tbe Esecntive Committee of P. Lorillard Company vas held today at the office of the Company, 119 Yest 40th Street, Hev York City. , There were present Xessrs.i H.l. aent 11.J. Halley T. Hopevell ~ J.J. Blacknall _ A. James P.lS. Valson H.B. Paraele ' lnna T. Yoeasner, Secretary Mr. tent, Chairman of the Board, presided and the Seoretary acted as Secretary of the meeting. . On notion duly made and seconded, the reading of the ainntes of the previous meetinE was dispensed with. On notion of Nr. Hopevell, seconded by Dr. Paraele, it was - unanimously RESOLVED: That the action of J.J. Blacknall, Tice President, and G.O. Davies, Treasurer of this Company, in renewing on June 29, 1953, on behalf of this Company, the loan made March 30, 1953 from 2ianufactnrers Trust Company, 55 Broad Street, Uev York, Yev York, in the snm of One Million Dollars (:1,000,000.00), and in executing and delivering in the name of this Company its pro- aissory note evidencing said debt, bearing date of June 29, 1953, and payable at said bank ninet~r-one (91) days froa said date, with interest at the rate of 3}S per annum. from said date, be and the same hereby is in all respects approved, ratified and - confirmed. l 0 0 On motion of Mr. Hopevell, seconded by Dr. Para.le, Vice President, it was nnanSmously _ , , ~ . HESOLVED: That the action of J.J. Blacknall, Tioe President, r and G.O. Davies, Treasurer of this Company, in renewing on Jane 29, the loan made March 31 on behalf of this Coapany 1953 from 1953 , , , ~ The Hanover Bank, TO Broadvay, 3sv York, Ilev York, in the swa of One Million Dollars (a1,000,000.00), and in ezeonti ng and delivering ~ in the name of this Company its promissory note evidencing said Q i debt, bearing date of Juna 29, 1953, and payable at said bank ~ ninety-one (91) days from said date, with interest at the rate ~ of 3}% per annum from said date, be and the same hereby is im W s.11 respects approved, ratified and confirmed. i On notion of Mr. Ha11ey, seconded by Mr. Hopewell, it •as N unanimously (11 , Company on sixty days vritten notice. . ~ RESOLYED: That Lavs-Gibson Associates, of Pb iladelphia, Pa., be appointed to conduct a special market public relations progry for tnis Coapany, for a period of six months from July 1, 1953, at a total cost of =2,600, plus anthorised ezpenaes, payable-In equal monthly inatallments, provided, however, that this appointaent may be termisnted at any tire by Lavs-Gibson lssooiates or b~ this :.;
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lroa the rate ott Margaret 1. Morris :60 per veek' $63 per veel[ Engene Drosyner 53 • 56 Ruth Yinchell 4a • 53 .• Ludvig Schnlts 57 • 60  Edith H. Podolla . 48 53 .e Patrick A. Fitsgibbons 50  53  Erio H. Watson 49 • 53 . Jaaes J. HcDona2d 51 •• 54 a Hary B. Perrini 45 . • 48 a Sonan E. Friedel 51 • 54 John•H. LnbovakT 50 • 51 a Lydia F. Holan•k 47 • 50 a Evelyn H. Saith 49 __! 52 s Ignatius J. Hessino 47 • 50 . Fannie Keating 52 • `S4 • Arthur J. Dinter 49 • 51 . Mary Kralich 43 • --_ -,~ a Winifred H. Horan 48  'SO Hary H. Davidson 46  48  Dorothy Hiskell 41  145 . Helen HoBrlean 41 • 45  Jennie 0. Taylor 47 • 49 Joan H. Hilcsaraki . 43 • 46  1Sarie Santangelo 41 • 44  $osemarie McHugh 38 • 41  Alice P. Losirsski 39 • :43  lndrev Spoto 40 • 43  9hitlock Branch - Eitecti.•e July 1, 1953: Edvard Francis . Hnaphrey S. Belt . ;85 per veek 86 • $5,000 per annm 5,000 • ~ hitlock Branch - Etteotive July 6, 1953/ ~ Henben ]1. 8eane =53 per veek Yilton Bondranko - 58 • Brandon B. Hallory 63 • lrank V. Stokes 50  Constance C.C. Birindelli 56  Ruth J. Craig 52 • Juanita K. Siith 61.50 • Toa Favicett ' 55 • zelTia T. Brntt7 Goldie H. Denaler 43 e loria 0. Sadler 43 • Sarah M. Slaughter ,(0  Clara C. Jenkins . 43 • Hargery E. Hannigan 40 s Minnie H. Beadles 44  Willie B. Nelton, Jr. 48 a Evelyn R. Strite 47 • Esther L.L. Connell 1 40 s Agnes C. Morgan ,42 • lfary H. Bosselli 42  , II
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Mildred B.Bannon J•an 0. Carlisle Martha B. Champlin Mary Z. Higdon lrank J. Langbeok Lavrence L. Lenharr Devey T. llarshall Xhelaa L. McLaughlin DanKlle Leaf Dept. tdaonia L. Patterson June T.Gilbert C. Trances Wright Jeanette C. Yhite Dvight S. Eahle Troa the rate oft 'to the rate oft $50 per week $53 per• rreek 43 s . 46 e 42 ' 45 • I'1  43 • 74 • 77 • 79 • 83 s 63 • 66 • 45 e 51 • Zffeotire July 2, 1953s $45 p:r veek $48 per veek 39 • 46 -• 39 • 46 ' 45 • 48 ' 45.50 • . 56 e Lezington Leaf Dept. - Lffeotive July 1, 1953, tllen T. Zones, Jr. $54 per week Tbelna Tate 42 • 8tayce Caywood 42 • Lanoaster Leaf Dept. - Effeotive July 1, 19533 $62 per week 46 e 46 • George V. Oswald $52.50 • $57 On notion of ![r. Hopewell, seconded by Dr. Paraele, the tolloving advertising expenditures, all of which are a part of and rithin the anm of money authorized by the Board of Directors at a Yeeting held October 15, 1952, for an advertising prograa during the year 1953, were in all respects approved, ratified and confiraed: gatiaates of Lennen & 2lsvell, Inc., as follovas - f460, dated June 3, 1953, covering cost of editing Tatherts Day teleTision ooaaercial for EbSB1SSI Cigarettes used on CLUB EMBASST show in the aum of =28.75f - /484, dated May 15, 1953, covering production costs of telerision aosaercials for MQHIIL Cigars in the sus of =11,431.00j /486, dated May 25, 1953, covering spot radio advertising of OLD GOLD Cigarettes over Station VIBA, Hadison, Via., Jnne 1, 1953, through xay 28, 1954, at a total cost of ;8,"034.00, of which $4,758.60 is to be oharged to the 1953 advertising budget, and $3,275.40 to the 1954 budget, when adopted. ~ Lease dated May 20, 1953, froa Hillsaps College of Rooas 313-14 ~ Bld J ks on Mi ae s f !he Secretary laid before the aeeting the follovingt , s Ililleaps g., ., or one year froa Jnly 1, 1953, at an annual rental of $732.00, payable nonthly in advance, nnder ~ teraa and conditions ther i e t a ae ontf "t -/*jp~ k I ., . ~ ' ~ ~ , . .. .. > > -t . .; .
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loraa Dnri. ~48 per veek $ 52 per veek >nna Pike 47 50' • Catherine RoHaaara 149 e 5I e Horaa Zeppieri 48 e . 32 e Phxlias aarten 43 • 48 l na Dnbroff 43 e 45 e Joan Poris 43 i 50 e $attie lConcelik 42 e 46 8osel7n Sillman 40 e e Boseaary Akel 47 s 9 e lrances Hothandler 40 e 44 e Ida •alenti 48 r 52 Madeline Sorrentino 1*7 s 9 e Gloria lntortia ' I 40 e 47 e ingnsta Znckeraana 43 e 45 Fern. Fabis 43 e 46 e liarJ Ann Hm.phre7a 43 e e Zdna Castle 45 e 49 Ralph Mannheiser 38 s 41 e Prank Bravn, Jr. 44 e 46 s Patricia lioore 43 ~ 45 ]tose ZaTe 9 51 s Arthur Herold 38 e 46 e Ienneth 1Saolnnea 45 e 51 • Zdvard Lilnartin 52 e 57 1.ngelin. Gnlotta 54 e 58 e Karina Castioni 45 e 48 e l[arT Flood 55 e 68 Ann Lotegreen J,0 43 • licholas Slo.ikovsk-T 38 . 41 e tita D. NoNanaa 38 e J. Grabaa Y.nrtaagb e 46  Aaron 8. Pen:er 47 e 56 e lstrid Hunteaann 5; e 55 s L.nore Zoob 57 .• 62 e Hildegard A.M. Hehlert .50 e r 56 e Frederick ConrtenaY Jean Castorino 46 e ! ! 52 e Lorraine Laab.rt 1 52 • 57 e Zeslie 8*ans 54 . . . 6; Eabert Fiaoher 50 ' 56 Frank Lang 38 a 41 e iheresa Mcaenna 65 a 70 e ltosanonde Phia 60 .• 64 e Gloria HTaas 52 • 60 • Gerard J. Saur 70 • 82 e Yatha Lee Bln}u 54 • + 68 s •arol 8nrden . 55 • 60 s , I t
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Donald E.Cole.an Edvazd J. Hackett Xary U. Z[eyer Robert H. Ransdell Yilliua T. Ransdell Oral Rudd lnna ?S. Scifers falerie B. Tharp Edgar Wallace, Jr. Mary J. Glenn 1[ary E. Hunter Engene 0. Iredale I[arJorie E. Oakley Corine Skeeters Margaret S. Benson Snna Zveydoff Lillian H. Degener Helen L. Gibson Evelyn C. Sing Hattie Lynn lfarie D. Ifevton Thelsa O+Beill Esther 0. Ragland lranoss B. Vaughn June E. Veilage Lila F. Bannon Nary V. Wheeler Vanda L. Crnap Dorothy J. Hettick 1(aitland Lindnner Julia $. Richardson Mildred C. Cooper .Old Cold Branch Yilliaa B. 1ico11 Loretta A. Black Rose K. Carney Margaret C. Cnllen Margaret B.Dreyfttl . Terry L. Grasiosi • nne K. Hyiand Jsan McCann EoseaiarT B. Saith Margaret L. Travers C.lina J. Friedel Joseph•J. Larkin Elaer C. Colyer Helen Bihnniak Lucy C. Schnlts Eayaond V. Stine Tlorenoe De Gross Ste2la H. Piechocki Jennie !S. Darmento 1 nna Rayment John R. Aondinone lroa tbe'rate $57 70 34 67 66 65 42 40 61 43 44 59 47 40 65 61 42 42 48 51 47 50 42 43 42 48 42 41 42 42 42 47 per ve.k of t to the rate ofs $63 per veek s a . 72 e 62 a 75 e 72  67 a 46 ~ 43 e 63 s .48  47 s 61 e 53 e 42 s 68 ! 66 s 48 a 46 s 53 a 54 s 53 e 54 e .47 e 53 e 47 e 52 . 45 s 47 s 45 e 51 45 s S0 s $61 per veek 43 1 43 43 1 43 43 43 43 43 43 43 72 72 62 69 58 60 60 60 60 58
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Mae Butler 2asie Fairfull llarie Hacauley Dorothea Oreino Tloreaoe Schneider Robert Graber Charles Timm, Jr. Grace Yhelpler -Kathleen Rudden Dorothy HacBair Anne Koore Josephine Durso Catherine E•117 Theresa Gargano Ethel Corkery Pearl Schiller Jnle Darhaa Jeno Argady •nne Cook Lillian Hovard Belen Y7aaa Margaret HoCarthy Eiily Ssith TannT Shapiro !latthev Caao,JTr. Tincent Luciano . Jases ?[orris Tlorenoe Gargano Barton Templeton _ Agnes Edvards Teronica Tierney Mary Bastis Jane Hallon Mary Concannon Barbara Sullivan Joan HoNeill ysater Hersan hg211s Huller arT Lohler • - John Baxter Sophie Jacob Joan XcHahoa Bruce Taylor Qillias Beadle lfae Reilly Ruth Hielk• Eaanuel lokersan Tolanta Bancker Uilliaa Taanenbama , Trances Bahrs 1[ary Napadano lnne Sohvarts Trances Stout lnne Blissett a I ' Troa th. rate oft ?o the rate ofs $49 per veek $53 per veet 52   56 e 51 •  • 55 • sl a 55 • 54 • s 57 • 47 e e 54 . 47 • s 53 • 50 • 53 • 48 • a S1 • 47 • e 53 • 45 e S1 • 52 • e 56 • 55 • e 60 • 56 s • 60 • 55 e 60 • 53 s • 56 • 55 e s 53 . 56 e 55 s s 60 •  e 60 • 4z a e 65 • 56 e s 59 • 62 e 65 . 58 e s 65 • 60 e e 67 • 57 • 62 • e e 65 • 62 . e 70 • 75 e s 85 • 61 e . 70 • 34 s 59 • 52 s  59 • . 42 s e 48 • 40 e  48 • 40 e e 44 • 40 e e 42 ' 63 e I 70 • 64 e e- 70 • 58 e a 62 • 51 e 56 e 55 s e 58 • 681 s s I 52, t s 70 • 53 e e 57 • 52 s 56 • 50 s e 54 • 52 e 62 • 52 e : S6 • 36 e e 39 • 39 e e 43 • 42 e e . 46  40 e e e 43 39 e e 43 '• 43 e s 48 • I , II
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•8ose Paeley Marie Lanohantin Anne Carr Marie Marrocoo Constanoe Bettini Lois George Charlotte MoGloin Yillian Volf Jonathan Winters Jases J. Bel Bruno Steve Ylahos Allan J. Loran Joseph M: Mellett ioraa L. Osinga Helen V. MikolalosJk tatriaia Shannon Sydell B. Bassett Daisy Miller •nne E. Gnnebion Mary Z.Southvick Josephine M. Capossela ldeline M.Shires Eleanor M. Booker Tolanda Di Silvestro Rosljn Yeiashlns Joan Lechtaneki Evelyn Cba.ar Larry anrnents Eileen R. Duggan l[abel Halloran Diane X. Hirsob Lillian E. Ragan Gloria Teraotto- Anne E. Madison Jaaea A. Platt SyIfia Shapiro Mary T. Gartland ;Tera Londner Arne Hakaneon- Cene.ieve Lavler John Snith Everett l.rris, Jr. Lrett MoMahon William Hengebaner Anne Rndmaan Eleanor Haggar Bessie Povers Pauline Holahan Ethel Streever MarJorie Grady Eya Dehn Doreth Baach Gestge ConnollJ 8essie Werts ~'•325 lros, the rate of: To the rat. oft =46 per veek 45 48 47 43 46 53 69 70 51 59 39 46 40 52 52 52 52 32 65 42 50 41 42 38 55 57 '52 55 ..55 64 60 70 85 49 51 57 70 49 S9 45 55 49 57 51 55 52 74 54 55 50 $49 49 52 53 .51 51 56 39 82 78 56 70 41 49 46 36 55 53 55 55 55 48 51 51 45 42 59 56 59 59 .70 68 75 90 53 53 e e e ao 54 e 62 49 e e s 62 s 58 e 62 e 60 e 84 a 61 e 63 e 56 per reek
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322 of salary agreements or to established salary rate schedules cover- ing work assignnente and in operation of an established plan of salary inoreases based upon nerit and/or length of service within established rlste ranges, be and the sam• hereby are in all respects -approved, ratified and oonfiraeds ' Froa the rate ofs To the rate ofs Sffeotives Edgsr P. Safner $65 per week -$70 per veek 6/22/53 Jphn E: Mneller 65 a e 70   a , T honas 8. Mnrra~" 65 • e 710 s e Joan I. 8chneiders.an 65 • s 70 . e s Jaok f. Eorsecki 63 • e 68 • • e Lawrence J. Clark 60 • e 65 • • * Yilliaa C. McDowell 60 • e 65 • • s Vincent F. llbano 65 • e 60 e • Lawrence Bluaberg 55 Robert F. Burke 55 • • e .6o a  e 60 e  e e •Ilan C. Cushing 55 - • 60 • • e Paul V. Dnrkin 55 • s 60 • • e i Yilliaa F. Ebert 55 • e 60 s e s Robert L. GnbrT 55 • e 60 • e Robert B. Benderson 55 • s 60 s e e Harbld D. 3nhns 55 • e 60  e e Ralph D. Sssith,Jr. 55 • 60 e s s John 2ioIntyre 55 • a 60 e e • I SESOLVBDs--Shat the following increases in salary, due to prosotion or by reason of additional responsibilities and being individnal merit inoreases in operation of an established plan of aalary increases based upon serit and/or length of service within •stablished salary rate ranges, be and the saae hereby are in all respects qpproved, ratified and confirmeds / Bffeotives July 1,1953 Fros< the rate ofs To the rate ofs 1ev Tork 0ffice Joseph F.. MoServey Henry B. Brickson Philip Croke " John Urasis Lillian Oher l[arian Gott $17,000 per 6,450 • 4.472 • 4,628 • 3,640 • 3,120 • Effectives July 6, 1953 Blisabeth Lane =, 67 Jngela Martin 43 Sesaie Daples 45 Pauline Harcbese 51 Dorothy 6elly ' 55 Catherine Leahy 54 Josephine Curtis 45 . ~. . • . $1 . 8,000 per" annma 7,150 4,732 4,888 4, 001, 3,328 • week = 72 . . As • • 51 e e 54 s e e s e  58 56 51 . e e e s s e  - e 0
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Hattie Birn Leslie Clark Eugene Bosco Ethe1 Boggs Ediard McCarthy ~ Bernard Batchelor Catherine Gallagher Dorothy Velasco Thomas Plough Vincent Miele Michael Nicholas Lathryn Butler Dolores Spina Louise Cella James Pegram Catherine Atkins , villiam EearneJ Mary Kelly -Louise Teschner __ Helen Voodhouse Grace Singleton Leonard Barbiero Gerald Muldoon Doris L. Andrevs Catherine X. Collison Gertrude C. Haggbloa Shirley Y. Parker Ursula Reich Howard T. Duffy Elisabeth A. Dempsey Margaret Romano Lavrence M. Post tathleen Marron Gertrude Beresno7 Julia L. Laiaille Ralph R. Stabile Ethel H. Supple Dorothy E. Sterling Wilbur V. KoGough Karforie Pettigrew _ •Elisabeth Benito Myra Elsen lrieda Liebentbal Joan HoGough Aida Hernandes 8tephanie Svierska Arline Cintorino Lucille Corato Ida Kirk Blanche Hildebrand Mary Antes Catherine Dobry Rita Gallagher Virginia Nepola Tannie Bracoio , lrom the rate ofs To the rate ofs =55 50 56 59 55 53 66 56 57 63 70 43 46 56 62 - -r 47 sk 7 51 53 55 65 38 36 39 ~0 40 42 140 39 52 1#6 46 /43 49 56 62 56 63 6Z 61 '40 1 467 39 -~ 45 45 42 43 47 47 43 43 43 .S0 I $61 per week 56 s e 59 a • " e e 59 e e 60 e e 68 • • 62 • • 63 • •• 70 e e 75 • • 46 e . ~t9 • • 62 • • 68 e e 50 e e 50 e e 56 e s 58 • • 60 • a 67 . s ~ e s 39 -4.1. e e 4,2 e e A-2 e e 65 • • 43 • • •63 • e 56 • ,~,g e s 48. e e '46 e s 51 e s 60 e e _ 66 • • 61 •  .69 -- " a • 44 s e 43 • • 50 • .  43 ,47 e e 69 •  66  s 1*6 e  50 • a ~ 50  • 1*6 e e . ..j6 e e 1.6  • ,53 9 6
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1 I 11320 said debt, bearing date of June 22, 1953, and payable at said bank ninety-one (91) days froa said date, with interest at the rate of - 3}% per annna fro= said date, be and the sa,e hereby is in all rs- speots approved, ratified and confirsed. On notion of Mr. Ss1tus, seconded by Dr. Paraele, it vas nnani- aonely , • ;..•., . 9 . one of,•the follovingt part, of any Sinking Fund payment, shall beas the signatnre of any HESOLVEDt Thai t::e"aotion of the Executive Vice President and the Treasurer of this :ompany, in reneving on June 22, 1953, on behalf of this Cosodny, the loan aade March 23, 1953 fro= Citizens Fidelity Ban,c and Trust Conpany, Louisville, bentncky, in the sun of Five Hundred Thousand Dollars ($500,000.00), and in executing and delivering in the name of this Company ite promissory note evidencing said debt, bearing dats of June 22, 1953, and pay- •able at said banY ninety-one (91) days fros said date, with interest at the rate of 3.1% per annwa froa said date, 'De and the saae hereby is in all respeots approved, ratified and confirmed. On notion of llr. Hopevell, seconded by Dr. Paraele, it was nnanisonsly AL90LV'ED: That the Guaranty Trust Coapany of Hev York, 140 Broadway, Hev 2ork, Hev York, b e, and it hereby is, designated as a depositary for this Coapany's 20 Tear - 3~ Debentures dne October I, 1963, such Debentures to be held in a Custody Account. PLfRTHER RESOLTEDt That all instrnctions pertaining to authorizations to asks payment for such Debentares delivered into such Custody Account, or to surrender such Debentnres to Guaranty Trust ConpanJ of Bev York, Truntee, for cancellation or to deliver 'ont of such Custody Account to Guaranty Trust Company of Nev 2ork, Trn9tee, Debentures to be applied in discharge, in vhole or in Y.J. Halley Frank Hopevell. I.H. Peak Levis Gruber J.J. Blacknall• llden James 0.0. Davies ?resident Executive Vice President Vice President •ice President ; Vice President ; Yioe President - -Treasnrer BESOLYEDt That The Hanover Bank, 70 Broadva7, Yev Sork, 1ev York, be, and it hereby is, designated as a depositary for this Conpany's 25 Tear - 3% Debentures due Harch 1, 1976, such Debentures to be held in a Custody Account. FURTHER RESOLYED, That ell instructions pertaining to authorizations to make payment for such Debentures delivered Into such Custody.iccount, or to surrender such Debentures to The Hanorer Bank, Trustee, for cano3llation, or to deli.er out of such custody Account to The Hanover Bank, Trustee, Dsbentnres , 0 11
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to be applied in discharge, in vhole or in part, of any Sinking tnnd payaent, shall bear the signatnre of any one of the follov- H.J. Halley rrank Hopevell •I.H. Peak Lewis Ornber ` J.J. Blacknall Alden Jaues 0.0. Davies President Executive Yioe President ' Tice President lioe President f ioe President Tioe President Treasurer - On aotion of Mr. Hopevell, seconded by Mr. Jases, it was unaniaonslT HESOLYED: That the following eaploTaents of Salesaen and Warehouse Packer, with the authorization of the Sales Dept., be and the saae hereby are in all respeots approved, ratified and oonfiraedt lt the rat. ofs Effeotirer• Charles E. Bankesper ;55 per week 6/22/53 Robert J. Bondreaa 53 Saul Cohen 55 Ralph V. Dennington, Jr. 55 s • • Harold L. Dnnhati 55 Richard G. Yady 55 Eddie Hannigan -55 ' • ' ' Calvin H. Measell 55 Clarence E. Stanbary 55 George Y. Yyatt• 55 • • ' Vincent A. [lerneP '43 s • 6/15/53 On notion of Mr. Hopevell, seconded by Mr. Jaaes, it vas snaniaouslJ I EESOLYEDt That the following eeploJaents be and the sats hereby are in all respects approved, ratified and confiraed: k Jt the rate ofr Effeeti.e: 1ev Zork Office ' Peter llezander _ $39 per week ,' '6/22/53 Marjorie Cvaiaan •46 • • 6/19/53 nnaniaonalP - On s+otion of Mr. Hopevell, seconded by Mr. Jase., it was Joseph B. Carter, Jr. $52 per veek' 6/15/53 Lonisville Branch sen, Warehouse Packers and Clerks, being incident to the terss EPS OLYEDs That the following increases in salary of Sales- ,
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- i The regular aeeting of the Ezeontive Cosaitiee of P. Lorillard OoapanT due to be held today at the offioe of the Co=pacy, 119 Vest 40th Street, Hev York City, vas adjourned to sseet this afternoon at 2t30 P.M., no quorna being present. El
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, Jnne 24, 1953 IF Li ln adjourned meeting Company was held today at Street, !(ev Iork Ci tT, at of the Ezeonti.e Committee of P. Lorillard the office of the Company, 119 Yest 40th 2130 P.H. There'vere present: Mesers.c V,J. Halley P. Hopevell J.J. Blacknall H.B. Parmele • A. Jaaes " l.T. Voessner, lsst. Seoty. In thi absence of the Chairman of the Board, Mr. Balley, rresident, presided and Anna F. Voessner, Assistant Secretary, acted as Secretary of the meeting. On aotion duly made and seconded, the readins of the minutes of the pre.ions meeting was dispensed with. tsnaniions ly On motion of Mr. James, seconded by Dr. Parmele, it was $F.SOLQEDt That-the action of J.J. Blacknall, Tice President, and the Treasurer of this Company, in renewing on Jnne 22, 1953, on behalf of this Company, the loan made March 24, 1953 from yational City Bank of Nev York, 41st and Broadvay, Dfev Iork, Hev York, in the snm of One Million Dollara ($1,000,000.00), and in . execnting and delivering in the aame of this Company its promissory note evidencing said debt , bearing date of Jnne 22, 1953, and pay- able at said bank ninety-one (91) days from said date, with interest , at the rate of 3:% per annum from said date, tfs and the same hereby is in all respects approved, ratified and confirmed. On'motion of Mr. James, seoonded by Dr. Parmele, it was an.n4.on81y - , HESOLYED: That the action of J.J. Blacknall, Vice President, and the Treasurer of this Company, in reneving on June 22, 1953, on behalf of this Company, the loan made Haroh 23, 1953 from Manufacturers Trnst Company, 55 Broad Street, Hev York, Dev York, in the sws of One Million Dollars ($1,000,000.00), and in executing and delivering in the name of this Company its promissory note e.idencing said debt, bearing date of Jnne 22, 1953, and payoble at said bank ninety-one (91) days from said date, with interest at the rate of 34% per annnm from said date, be and the sase hereby is in all respects approved, ratified and confirmed. ~ On motion of Mr. James, seconded by Dr. Parmele, it vas ~ nnani.monsly ~ BESOLQLDe That the action of the Exeonti.e Yice President ~ and the Treasurer of this Company, in reneving on June 22, 1953, ~ on behalf of this Company, the loan made Harah•23, 1953 from State Planters Bank and Trust Company, Richmond, Virginia, in the sna of ~ Ti.e Hundred Thousand Dollars ($500,000.00),and in executing and • delivering in the name of this Company its promissory note evidencing
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~tl T=• .. . ~. 316 sQa of One Nillion Dollars (a1,000,000.00), and in executing and delivering in the aame of this Coapany its promissory note e.i- dencing said debt bearing date of June 17, 1953, and payable at said bank ninety 190) daTs from said date, vith interest at the rate of 3j% per annum from said date, be'gnd the same hereby is -in all respects approved, ratified and confiraed. .• On aotion of Mr. Hopeve2l, seconded by Mr. Gruber, it vas ananimonsly jtESOLPEDi Thet the action of I.E. Peak, Vice President, and the Treasurer of this Company, in reaeving on June 17, 1953, on behalf of this Company, the loan made March 19, 1953 fro Citisens Fidelity Bank and Trnat Company, Louisville, gentncky, in the a ma of Pife Hundred Thousand Dollars (5500,000.00), and in executing and delivering in the name of this Company its promissory note evidencing said debt bearing date of June 17, 1953, and pay- able at said bank ninety 190) days from said date, with interest at the rate of 31% per annum fro= said date, be and the aa.e hereby is in all respects approved, ratified and confirmed. On aotion of Mr. Peak, seconded by Mr. Gruber, it vas nnani- >lonsly $E5 OLYEDt That the folldving employments of Salesmen, vith the anthorisation of the Sales Dept. and the approval of I.H. Peak, fioe President, be and the saae hereby are in all respects approved, ratified and confirmeds At the rate ofr Effeotive: I Robert P. Casey. $73 per 7oraan Clive, Jr. 55 ' .Habert D. Cook 55 • James L. Crovley .55 • teith A. Litson 55 • -9illiaa J. 8eumann, Jr. 55 • Tranklin H. Peter 55 • veek 6/15/53 e e a s e e  ~ . ,., e . . _. e ~ e a s - On aotion of Mr. Peak, seconded by Mr. Gruber,.it vas nnani- asonsly - r ILYSOLYBDt That the folloving employments be and the saae are in all reapeota approved, ratified and confirmedt . Zev 2ork Office Paul Shevin Charles Prince - Carole Smolen , Louisville BruncD Geneva Chambers Shirley A. Hettich it the rats oft Effecti.et $39 per veek 6/15/53 56 e  s 43 e e e 43 • • . 6/11/53 6/9/53 horeby [1-
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U On motion of !!r. Hopevell, seconded by Mr. Grnber, it vas nnanisonaly . $BSOLYBDe ?bat the folloving increases in salary of Sales- aen, each effective Jnne 15, 1953r being incident to the terms of salary agreements or to •stablished salary rate schedules covering vork assignments and in operation of aa established plan of salary increases based upon merit and/or length of ser- vice vithin established rate rangess be and the same hereby are in all respects appro.eds ratified and confirmede Prom the rate ofr I To the rate of: Clarenoe J. Bachmann $65 per veek $70 per veek Jaues F.Teapleton 65 • • 70 • e Ronald C. ti'hitlov 65 • • 70 • .., Boner B. Adams 55 • • 60 • - e William R. Bond 55 • • 60 • e Thomas L. Craig 55 • • 60 s s Jr. 55 John J. Daae7 60 e e i Jnstin H. Edmondson,Sr. 55 • • 60  . . Ralph H. Gle:ner 55 • • 60 e e . Seymour Grabman 55 • • 60 • e Illiott G. Honeycntt 55 • • 60 • e Robert B. Hooper 55 • • 60 e e Horace V. Thoni 55 • • 60 e e Joseph B. YeaTer 53 • • 60 • e On aotion of Mr. Hopevell, seoonded by tnanimonely Mr. Grnber, it vas seconded, the meeting adJoarned. W RESOLPEDs That the folloving increases in salary, due to pro- - motion or by reason of additional responsibilities and being in- diTidual merit increases in operation of an eatablished plan of salarT increases based upon merit and/or length of service vlthin -establiehed aalary rate ranges, be and the sans hereby are in all respects appro.ed; ratified and confirmeds '. _4 From the rate ofi 1.Z. Office Manuel Iellen $15,500 per annum To the rate of: Effecti.ee $17,500 per annum Old Gold Branch . 2[icbael V. ?nnnicliffa __ 70 per veek 75 per veek 6/22/53 ..Edvard T.Callahan 65 6g • e e Roger P. Heilig 65 6g Thomas H. Carrino 65 6g Yhitlock Branch llerrin K. Griffin 4,750 • annum . 5,550 • annum 6/1/59. rOD OII motion duly moved and 4salstznt Secretary ~ ' ~
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! 314 _ tbe Secretar7 laid before the meeting the folloving: Lease dated May 7, 1953, from Lyoeaa Building Corporation of 8ooa 510, LTceua Building, Duluth, Minnesota, for one year from JnlT 1, 1953, at an annual rental of $420., payable monthly in adTance, under terms and conditions therein set out, vhich On sotion of Mr. parmele, seconded by Mr. Peak, vas in all respects approveds ratified and confiraed. . On aotion of Hr. Gruber, seconded by Hr. Jaaes, it vas unaninously RESOL9EDs That this Company contribute to United Hegro College Fund, for 1953, the sua of ;1,000.00. On aotion duly moved and seoonded, the meeting adjourned. Assistant Secretary n
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J nne 17, 1953 1 regular meeting of the Bxsontive Committee of P. Lorillard Coapany vas held today at the office of the Company, 119 Yest 40th Strset, Nev Zork City. There vere present risssrs.c 8.1. Kent . Y.J. Halley l. Hopevell I.H. Peak J.J. Blacknall : L. Gruber H.B. Parmele l. James Anna Z. Yoessner, lsst. 8eety. Mr. Ient, Chairman of the Board, presided and the Assistant Secretary acted as Secretary of the neeting. - - On motion duly made and seconded, the reading of the minntes of ihe previous neeting was dispensed with. On motion of !!r. Hopevell, seconded by Mr. Gruber, it vas ananiaonsly B?.SOL4ED: That the action of I.H. Peak, oice President, and the Treasurer of this Coapany, in renewing on June 15, 1953, on behalf of this Company, the loan made March 16, 1953 from Guaranty irnst CompanT of Sev Zork, 140 Broadway, -Nev Zork, Bev Zork, in the snn of One Million Dollars•(=1,000,000.00), and in executing and deli.ering in the na=e of this Company its promissory note evidencing said debt, bearing date of June 15, 1953, and payable at said bank ninety-one (91) days from said date, with interest at the rate of 3}% per annum from said date, be and the saae hereby is in all respeots;appro.ed, ratified and confirmed. sta of One Million Dollara (,"r1,000,000.00), and, in executing and ' , delivering in the name of this Company its proaissorT nota •.i- dencing said debt, bearing date of June 17, 1953, and payable _ at said bank ninety (90) days from said date, with interest at / On notion of Mr. Hopevell, seconded by Mr. Gruber, it was i 'ananimonsl7 . AESOL9EDs That the action of I.H. Peak, Vice President, and . ~s=the Treasurer of this Company, in renewing on June 17, 1953, on behalf of this Company, the loan made March 19, 1953 from Nev York Trust Conpany, 100 Broadway, Hev Zork, Hew Zork, in the the rate of 3}¢ per annum from said date, be and the same hereby 0 is in all respects approved, ratified and confirmed. On notion of Mr. Sopevell,-seconded by Mr. Gruber, it was ~ snaniionsly 00b BFSOL4EDt That the action of I.E. Peak, Vice Prssidant, and ~ the Treasurer of this Company, in renewing on June 17, 1953, on _~ bshalf of this Company, the loan made March 19, 1953 from Nev Zork Trust Company, 100 Broadway, Nev York, iev York, in the 9
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312 lirst Rational Bank of Danville, Danville, Virginia, in the ma of One Bnndred Thousand Dollars ($100,000.00), and in erecnting and delivering in the name of this Conpany its promissory note evidencing said debt, bearing date of June 8, 1953, and payable at said bank ninety-tvo (92) days from said date, with interest at the rate of 3;% per annum from said date, be and the sane hereby is in all respects approved, ratified and eonfirned. On notion of Mr. Janes, seconded by Mr. Peak, it was nnani- aonsl7 R&SOL9EDs That the following esploJzents of Salesmen, with the anthorisation of the Sales Dept. and the approval of I.H. Peak, Vice President, be and the sa.me hereby are in all respects approved, ' ratified and confirmeds At the rate oft ~ Effeotl.es SaYilton B. 1ndYevs $55 per week 6/8/53 Sarold F. BolhAfner 55 • Lonis B. Brnns 55 • a e . Willian g. Harris 55 • • Joan R. Jones - 55 • s  s e Robert E. Young 55 • s On motion of Mr. James, seconded by Mr. Peak, it vas nnani- tonalT ErSOLPEDt That the following eaployments be and the same hereb7 are in all respects approved, ratified and confirmedt At the rate oft Effectire: ~ ' Xev York Office 6ertrnde Hnrley $56 per week ' 6/8/53 ' jifhitlock Branch I / A Danford Y. Basinger 51 • • 6/2/53 r On notion of Mr. Jases, seconded by Mr. Blacknall, it/vas u.naninonsly - / , SSSOLQEDr :That the folloving increases in salary of Di.ision Managers and Salesmen, each effective June 8, 1953, due to proao- tion or being incident to the terms of salary agreements and in operation of an established plan of salary increases based upon serit and/or length of service within established rate ranges be and the sane hereby are in all respects approved, ratified and eon- f iraedt i Hershel L. Carroll Jases V. Rand 'Teodoro irmas John P. Stanton Ralph Y. Buntrock Arnold Pall John L. Richardson Gene L. Spp nievski Cecil L. Iates lroa the rate oft To the rats of: $85 per week $100 per week 85 • • 95 . . 60 • ~ • 65 e . 6o • a 65 • e s ~ SS • -_ 60 • 55 • • 60 e e V • •• go • e . ` J A I ! I r U ,
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31Q are in all respects approved, ratified and confiriedi On =otion of Mr. Jues, seconded by Mr. Blaoknall, it was snaninonsly RE80L9BDs That the following increases in salary, due to promotion or by reason of additional responsibilities an.Q being individnal merit increases in operation of an est:,blished plan of salary Increases based upon merit and/or length of service vithin establiahed salarJ rate ranges, be and the same hsrrby tron tbe rate of:To the rate oft Effeotiv.•: Leaf Depts. J.J. Harpring $15,920 per annas $18,000 per annma 6/1/53 L. Lindsay 7,750 • • 9,000 • • • Carl Taylor 80 psr veek 5,000 • • • <.Z. Office Carrie )SoQnillan .69 • • 56 per veek 6/8/53 On >.otion of Hr. Hopeveil, seconded by Dr. Parmele, the following advertising expenditures, all of which are a part of and within the aun of money anthoriaed by the Board of Directors at a meeting held October 15, 1952, for an advertising prograa during the year 1953, vere in all respects approved, ratified and confiried: Publication in financial nevspapers in May, 1953 of notice of dividend due July lat ae shown on schedule of Albert Prank- Gnenther Law, Inc., lev York, H.Z., at a cost of $3,959•56f Estiaates of National Bzport 1dTertising Service, Ino.t Change dated May 27, 1953, in estisate of March 25th covering nevspaper advertising of OLD GOLD Cigarettes in Las Villas, to other areas in Cuba, April through June, 1953, at a cost of =1,176.OOj Dated May 27, 1953, covering nevspaper advertising of OLD GOLD Cigarettes in Cnba, July 1 through August 31, 1953, at a total eost of =1,092.84, 50% of which is to be paid by Brown and Villiaason, and the balance of :51,6.1,2 by this Conpaqrf Dated Ha7 Lb, 1953, covering newspaper advertising of OLD GOLD Cigarettes In Cuba, March tiurongh Hay, 1953, as therein set out, at a cost of $227.1.6s / / Dated May 22, 1953, covering magazine ad.ertising of E1ffi1SSZ / Cigarettes in Trance during ingnst,'1953, at a cost of =1,732.501 Dated'Hap 25, 1953, covering radio advertising of OLD GOLD Cigar- ~ ettes in Cuba, July lst through August 31, 1953, at a total oost r of ;633.80s 50 per cent of which is to be paid by the distributor, Brovn and Villiaason, and the balance of $316.90 by this Coapstpj Dated May 27, 1953, covering nevspaper advertising of uLD lFULD Cigarettes in Cnba dnring Jnne, 1953, at a oost of =2,555.28. I- ,
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, ~ -On notion of Mr. Gruber, s.conded~F Mr. Blacknall, '~ it vaa unanimously BESOLOED: That this Company contribute to Business' and Industry Conmittee for United lations Y.ek, 1953, the sun of $100.00. BESOLQEDs That this Company contribnte to the National ~ ?ire Protection Association, Boston, Mass., for 1953, the sn:_of $1500.00. On notion of Mr. Ornber, seconded by Dr. Parael., it vas nnaniaousl7 ' EESOLYED: That this CompanT contribute to the Committee of American Industry of the bational Fnnd for Medical Bducs- fl
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s > regular meeting of the Executive Committee of P. Lorillard Company vas held today at the offioe of the Company, 119 Vest 40th Street, Hev Zork City. There vere presents Z(essrs.s H.1. Ient V.J. Halley T. Hopevell I.E. Peak J.J. Blacknall H.B. Parmele L. Orcber A. James ,nna T. Voessner, lsst. Seoty. Mr. Lent, Chairman of the Board, presided and the Assistant aecretary acted as Secretary of the meeting. On motion duly made and seconded, the reading of the minutes of the previous =eeting was dispensed with. On aotion of Mr. Hopevell, seconded by Mr. James, it was unanimously RESOLVED: That the action of I.E. Peak, Vice President, and the Treasurer of this Conpany, in reneving on June 8, 1953, on behalf of this Company, the loan made March 9, 1953 f:o: tirst and Merchants National Bank, Richmond, Virginia, in the sum of Seven Hundred Thousand Dollars ($700,000.00), and in executing and delivering in the name of this Company its prosiissory note evidencing said debt, bearing date of June 8, 1953, and pay- able at said bank ninety-tvo (92) days from said date, with interest at the rats of 3}¢ per annum from said date, be and the same hereby is in all respects approved, ratified and confirmed. minety-tvo (92) days from said date, with interest at the rate ~ ~ of A% per anaaa from said date, be and the same hereby is in ~ all respects approved, ratified and confirmed. ~.7 On aotion of Mr. Hopevell, seconded by Mr. James, it vas unanimously IJ the Treasurer of this Company, in renewing on June 8, 1953, on be- half of this Conpany, the loan made Maroh 9, 1953 from Virginia Trust Company, Richmond, Virginia, in the sum of Tvo Hundred Thousand Dollars ($200,000.00), and in executing and delivering ' in the name of this Conpany its promissory note evidencing said debt, bearing date of Jnne 8, 1953, and payable at said bank On aotion of Mr. Hopevell, seconded by Mr. James, it was -snani=onsly . . . . /. , _ BSSOLYED: That the•action of I.H. Peak, lfioe President, and RESOLaED: That the action of I.H. Peak, Vice President, and ~ the Treasurer of this Company, in renewing on J nne 8, 1953, on behalf of this Company, the loan aade March 9, 1953 from the
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On motion of Mr. Halley, seconded by Mr. Blacknall, it was nnanixonsly . - BESOLVEDr That the following increases in salary of Divisipn Manager and Salesaen, each sffecti.e June 1, 1953, due to promo- tion or being incident to the terms of salary agreements or to established salary rate schedules covering work assignments and in operation of an eatabliehed plan of salary increases based upon merit and/or length of service within eatabliahed rate _ranges, be and the sane hereby are in all respects approved, ratified and confirmeds Trom the rate Olen V. Rogers . =76 per week •Villiam H.Conrtney 70 { . Zront. 70 Zdvard ! Joseph E. Berdin 65 ?rank E. Gansemmuller 65 e • • • Sanford D. Silverstein65  • Billy J. Johnson 63 John H. Stockton 63 Villiam G. Swindle 63 e . s ., • lrank 2. Corrigan 60 Thomas J. Danaher 60 . John E. Collins 55 111an H. Gova -55 Edward D. King 55 Charles l!. Rader, Jr. 55 $99 per week 75 • 75 • • 70 • s .70 • 70 • • 68 e • 68 68 • • 65 e • 65 • • 60 • • 60 e • 60 • 60 I BESOLFEDe That the following increases in salary, effecti.e l[ay 1, 1953, due to promotion or by reason of additional responsi- ' bilities and being individual merit increases in operation of an establiahed plan of salary increases based upon merit and/or length of service within establi•hed salary rate ranges, be and the same '.Dereby are in all respects approved, ratified and oonfirmedt trom the rate of: ~/ the rate oft ' Jev York office / I . 9.J. sasarnk $5,850 per anncm`- $6.825 ner aaam J. Howard 4,950 9  6,375 9 0 • l.H. Eichhorn i.i. 4,330 • • 5,290 • • J.C. Eisnaet ~! 6,250 • ! 5,000 .3.0. Kontos 67 per veek 6,836 • •. .J.L. Mason 9,400 • annnm 10,750  • W l.H. Henelt ' 7,150  • 8,375 R.L. Hose 8,100 8,850 • • .rZ1 ' R.V. Stevenson 6,850  • 8,225 l lredricksen 1 815 • • 6 317 T , , . . . Z.T. Caldararo 6,950 • • .7,800 • E.P. Hahn ~ 6,575 • • 7,188 • • _ _ 900 • • 5 J Bi 550 • • M Y rn _- , . , . G.H. Mackie . 43 per week 5,283 • • ! oft To the rate of:
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Trom the rate oft To lh6.rLte of: ~ {5,000 per anntoa J.P. Leben $4,600 per aanni Don B. Eldredge 3,900  • 5,075 • • Lonisville Branch ' ` - Y.D. Coastock 115 per veek 6,890 • • Y.l. Schlenk 4,900 per annum 5,575 • ' 8ld Gold Branch J.l. Kraus 6,600 7,200  J.L. Jookel 70 per week 4,945 • Lentncky Leaf Branch H.C. Hertling 3,880 per annua 4,4.(0 e a Qhitlock S.G. Breeden Y.M. Yellman J.B. Watkins Branoh _ slCnaona Leat H.H. Yingfield 6,350 e a 67 per veek 76 e  75 16,450 e e a e e ZIIBTHEB BESOLQLDi That the following increases In sala-ry, effectiTe May 4, 1953, by reason of additional responsibilities and being individual merit increases In operation of an established plan of salary increases based upon merit and/or length of service .vithin established salary rate ranges, be and.the saae hereby are in all respects approved, rati#ied and confirmedt lroa the rate of: iev Tork Office To the rate of: Z.t. Grape $60.00 per ve.k $78 per veek • t.J. Choninard 72.  • . 77  • /On motion'of Mr. Grnber, seconded by Mr. Teak, the following advertising ezpeaditnre, vhich Ss a part of and within the sna of money authorised by the Board ot Directors at a meeting held .. October 15, 1952, for an advertising program during the year 7 eovering radio advertising of OLD GOLD Cigarettes (Patrick all respeets approved, ratified and confirmed. O#Biley Show), May 25 through August 21, 1953, as therein set /ont, at a oost of $19,247.15. the Secretary laid before tbe meeting the folloving: Agree- ment with Esso Standard Oil Company dated May 21, 1953, for re- qnireaents of lubricating oils and greases for use at the Jersey City, l.J., Richmond, Va., and Danville, Ya., plants of the Company, for one year from May 16, 1953, nnder terms and oondi- tiona fully set Sorth therain, which On aotion of Mr. Blacknall, seconded by Mr. Peak, vas In ~ 1953, was In all respects approved, ratified and confirmedt Sstimate /485'of Lennen & Hevell, Inc., dated Ma7 20, 1953, i 7,075 • ~ 4,867 • 5,101 ' .~: .~ i ,. -: ,x,--
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-?he Secretary laid before the meeting the follovings -- Eztension, dated May 20, 1953, of lease dated May 15, 2948, from ?ortlite Realty Corporation, of Rooma 401-403, 214 Daffield 8treet, Drooklyn, Nev lork, for a further term of one year from July 1, 1953, at an annnal rental of $1,020., payable in equal monthly installm.nts in advance, under terms and conditiona of said leasey Lease dated April 28, 1953, from Main Holding Co. (J.C. Baft & Co., tgent) of Room 210 Broadvay-Stevens Building, Caaden, Y.J., for one year from May 1, 1953, at an annual rental of $900., pay- able monthly in ad.ancej •aoh of which On motion of Mr. Blacknall, seconded by ?[r. James, vas in all respeots approved, ratified and confirmed. On motion dnly ma e and seoonded, the meeting adjourned. ci
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Jnne 3, 1953 A regular ieeting of the Bzeontive Coaaittee of P. Lorillard Coapany vas held at the office of the CoapanJ, 119 Vest 40th Street, Hev Tork City. ,-. Y.J. Halley J.J. Blacknall I.H. Peak L. Grnber H.B. Paraele A. Jaaes Anna T. Yoessner, Asst. Seoty. Mr. Kent, Chairaan of the Board, presided and the Assistant secretary act•d as SecretarT of the aeeting. On notion duly •ade and seconded, the reading of the ainntes of the previous seeting vas dispensed vitb. On notion of 2(r. Blacknall, seconded by Mr. Graber, it vas nnani=oas1J " HBSOLTBDi That the folloving eaplo7aents of Sales.en, vith the authorization of the Sales Dept. and the approval of I.H. Peak, Tioe President, be and the same hereby are in all r•spects appToved, ratified and confirsedt There vere present Xessrs.s H.1. Kent it the rate oft Sffecti.es Valter J. Protheroe $55 per teek 6/1/53 Hortense 0. Meyer 55 • s • John L. Robertson 55 ' • • Bernard M. Hosner . 55 ' • -• On notion of Mr. Blaeknall, seoonded by Mr. Graber, it vas ananisonsly • EESOLTSDs That the folloving eaplo7sents be herebl are in all respects approT.dq ratified and ~ r~. 'lev Tork Office Mary Hall j Anthony Salese Ira Bolling•r Louis Lo Cascio Ltchard Natey ~ I 43 • 52 • .• and the saae oontiraeds tffeotiTe1 5/22/53 5/26/53 +;.,..
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i .,...~ ....~.,-.~. . _.._.._- .~ ._... ,__..._...r....... Kay 27, 1953 I 40th Street, Yev York City. There were present Mesers.s H.A. tent 1 regular meeting of the Executive Committee of P. Lorillard Company was held today at the office of tae Company, 119 Yest Y.J. Halley T. Hopewell J.J. Blaoknal1 of the previous meeting was dispensed with. A. James H.B. Parmele tnna 7. Yoessner, Aest. Seoty. I[r. ient, Chairman of the Board, presided and the Assistant aecretarf acted as Secretary of the meeting. On s+otion duly made and seconded, the reading of the minutes On aotion of Mr. Blacknall, seconded by Kr. Hopevell, it was snanimously BL40LYED: That the following employments of Salesmen, with the anthorisation of the Sales Dept. and the approval of Frank Hopevell, Vice President, be and the same hereby are in all re- speots appro.ed, ratified and eonfirmed: David M. Jennison Harold L. Junkins Joseph C. Lambert _ James J. Mahoney .Villiaa 8. Parrish --tenneth D. Stockton At the rate ofs Zffeotivel =55 per veek 5/25/53 55 e s 55 e .s s 55 e s s 55 e e e 55 s  " ~On motion of Mr. Blacknall, seconded by ~ unanimously - . Mr. Hopevell, it/vas~ -_~ 111 ~ the ew York .~ approved, ratified ; f .. ~ O ;Sffectives It BESOLYSDs That the following employments at Offics be and the same hereby are in all respects dr and confirme I At the rate ofi r !//anlia,/e Irky ~ =1.6 per week ~/ '6 e .e ~.. Yilliam Hadlein, Jr. j On aotion of Mr. James, seconded by Hr. unanimously agreements or to established salary rate schedules covering work ~ r 41 5/26/53 Blacknall, it vas HSSOLYEDs That the following increases in salary of Salesmen, each effective May 25, 1953, being incident to the terms of salary w I
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_,. _-~~.........._..~ :305 L, assignnents and in operation of an established plan of salary iricreasee based upon aerit and/or length of service vithin established rate ranges, be and the saae herebJ are in all re- spects approved, ratified and confirmeds 7roa the rate of: To the rate ofr Ruel Z. Bradshav $60 per veek $65 per veek Villian 8. Brovu,Jr. 60 65 • • Llenna A. Dugger 60 65 • • Cesar H. Quinones 60 65 • • Donald H. Utter 60 65 • • Stanley V. Yan Zandt 60 65 • • Robert H. Bigott 35 60 • • Paul Bokor, Jr. 55 60 • e Richard H. Bnrkhart 55 60 • • Jases Z. ireieinger 55 60 • • Lnbert Y. Jaeger 53 60  • 8aymond H. Lacey 55 60  • Tlo7d B. Sav7er 55 60  • Alfred }I. Schvars 55 60  • John J. Sullivan 55 60 • • On notion of Mr. Janes, seconded by Mr. Blacknall, it vas .ananiaouely BLSOLVEDs Tbat the increaee in salary of Jida Hernandes, enploJed at the Hev York Office, fros the rate of $4,1 per veek, to the rate of $44 p.r veek, effecti.e Hay 25, 1953, being an in- di.idual aerit increase in operation of an established plan of salary increases based upon aerit and/or length of service vithin established salary rate ranges, be and the saae herebT is in all sespeots approved, ratified and contiraed. On aotion of Mr. Hopevell, seconded by Hr. Blacknall, the folloving advertising expenditures, all of vhich are a part of and within the sm of noneJ authorized by the Board of Direotors at a aeeting held October 15, 1952, for an advertising progran dnride the Jear 1953, vere in all respects approved, ratified and confirseds Zstinat as of Lennen & llevell, Inc., as follovs:/ l / ~ ; ~~ , / . /468, Ee.ise_1, Snppl. I, dated April 30, 1953, covering R.I. nevs- paper adTSrtising of OLD GOLD Cigarettes in Ha as therein 1953 advertising-of OLD GOLD Cigarettes in Ha7 and June, 1953, as thereiqA set out, at a cost of =668.4l,j • . W ~, , set out, at a cost of $629.12; 1468, ~ Revise 1, Snppl. 4, dated May 8, 1953, covering B.C. n.vopape #477, dated April 29,1953, covering television advertising of 4 MURIEL Cigars on Chance of a Lifetise A ril 2 through Angnet l;, 1953, as therein set out, at a cost of ~1,500j ~ /478, dated May 7, 1953, eo.ering advertising of OLD GOLD CigaretteA in May 25th issue of trade paper ?ood Topics• at a cost of ;2,157.88. L n ,,. ,:.~..-
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. . .~•. +. ~ . . . .~ .. ...~:RYi.J~. i . ~ . `.._ _ -_ .- . . .. .. .....,_ . ._ .- ~ ..... ~.. ..~.r ..•~. .rrr..+....r I 302 . 'Jt the rate ofi Bffecti.e: LonisTille Branchi John E. Rathburn $62 per veek 5/8/53 John A. Sands 62 ' ' 5/11/53 On notion of Mr. G=nber, seconded by Mr. Hopevell, it was ananisoaalT RYSOLVED: That tL" following increases in salary of lssist- ant Division Manager and Salesmen, each effective May 18, 1953, ,being incident to the terms of salary agreements or to established salary rate sohednles covering work asaignaenta and in operation of an established plan of salary increases based upon merit and/ er length of service within establiahed rate ranges, be and the same hereby are in all respects approved, ratified and confirseds From the rate off To the rate oft Charles V. Sroog, Jr. $80 per week $85 per veek Bruce A. Mackintosh 65 e s 70 ' Robert lagnsts 60  e 65 s -Harold L. Faulk- -_ 60  s 65 ' e George C. Barr 60 e ' 63 . Randall D. Barner 55  e 60 '  James 8. Hadden 55 s e 60 ' e Robert C. Hasson 55 . 60 ' a R11 II. Bull 55 e e 60 ' a Bdvard J. licHanimon - 55  e • s Max B. Monk 55 60 . Richard H. Drontt 55 e .e 60 '  Barry L. Parker 55  s 60 ' e Richard A. Yasaanesi 55 s s 60 s s Charles B. Scbell 55 s 60 '  Donald 8. Smith 55 e a 60  e Jases H. Yi2son 55 e a 60 • animously / EffiOLVED3 lhat the increase in salary of Helen Mikolajosyk, On notion of Mr. Graber, seconded by 1Sr. Hopevell, it was nn- r aaployed at the Hev Zork Office, from the rate of $41 per veek, to the rate of $46 per week, effective May 25, 1953, due to promotion, be and the arse hereby is in all respects ap prored, ratified and eonfiried. On notion of Mr. Hopevell, seconded by Mr. James, the following ~+ advertising expenditure, which is a part of and within the saa o ~Af money authorized by the Board of Directors at a meeting held GJ October 15, 1952, for an advertising program during the year 1953, ~ i ws in all respects approved, ratified and confiraedi ~ enne eve a ed pr , 2 l 953, o Sstimate . Inc., f474~ covering recording of jingles for television advertising of SKBISST w ~ Cigarettes at a cost of $513•58. . . .~ n & s d t l il 0 1 f L l ~
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r 1 ,
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-~~--~~- ~.,...~:...,,.. by this Corporation is hereby continued in full foroe and effeot as amplified hereby. =•--'On aotion of Mr. Ha11eJ, seconded by Mr. Jaaes, it vas nnaai- =ousiT ' . BFSOLYEDt That Bankers ±eust Coapan7s 1dv Zort,aev York, as a designated depositary of thts Corporation be and it (inclnding its correspondent banks) Za horeby requested, authorized and di- rected to honor ohecks es.:h ai which shall not ezceed the sua of One Thousand Dollars (~1,0(;0.(•;i), fravn in this Corporation's name on its account (including thore drevn to the individual order of any person or persons vhose naies appear thereon as signer or signers thereof) when bearing or purporting to bear the facsiaile signature of any one of the foliovings 0 0 - 0.0. Davies Treasnrer , - - T.H. Y.J. Yeiske iasaruk isst. SectT. O lsst. Treas. _ Cashier E.T. Grape and Bankers Trust Company (including its correspondent banks) shall be entitled to honor and to charge this Corporation for all such ehecka, each of which shall not exceed One Thonsand Dollars ($1,000.00) in amount, regardless of by whom or by vhat means the actual or pur- ported facsinile signature or signatures thereon ma7 have been af- fized thereto, if such facsimile signature or signatures resenble the faosiaile specimens from time to time filed with Bankers Trust Company by the Seoretary or other officer of this Corporation; and -PQRTHSE RESOLTEDs That the resolution heretofore adopted at a aeeting of the Executive Cosaittee of this Company held on May 6, 1953, for the signing and honoring of checks, drafts or other orders I .for the paysent of money dravn on the said Bankers Trust Company by this Corporation is hereby continued in full force and effect as amplified hereby. _ On notion of Mr. Halley, seconded by Mr. James, it was nnani- aouslT / ~ , ! ! BLSOL9LDs ihat Public Aitiona2 Bank and Trnst CoapanT, aev , Zork, IIev York, as a designated depositary of this Corporation be , and it (including its correspondent banks):is hereby requested, authorized and directed to honor checks each of which shall not exceed the sun of One.Thousand Dollars [a1,000.00), drawn in this Corporation's name on its account (including those drawn to the in- dividual order of anyperson or persons whose names appear thereon as signer or signers thereof) when bearing or purporting to bear the O faosimile signature of any one of the folloving: ~ .. . . . ,: , w . ~ OA. Davies •, Trmasnrer ' l.H. Yeisks lsat. Sect7. E lsst. Treas. . ~ ~ p :~ 9.J. lasarnk- Cashier. S.l. Grape H . _. . . . . _ . , - . _ . . . , • . _. ~, . , , , A . -~ - W1 . --••--_-~---- `
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and Public National Bank and Trust Company (including its corres- pondent banks) shall be entitled to honor and to charge this Cor- poration for all such checks, each of which shall not ezoeed One Thousand Dollars ($1,000.00) in amount, regardless of by vhoa or by what means the actual or purported facsimile signatnre or sig- natnres thereon may have been affixed thereto, if such faosiaile signature or signatures resemble the facsimile specimens from time to time filed with Publio National Bank and Trust Company by the Secretary or other officer of this Corporationj and iDRTHEH RESOLVED: That the resolntion heretofore adopted at a meeting of the Executive Committee-of this Company held on May 6, 1953s for the signing and honoring of checks, drafts or other orders for the payment of money drawn on tbe said Public lationa2 Bank and Trust Company by this Corporation is hereby continued in full force and effect as amplified hereby. On motion of Mr. Hopevell, seconded by Mr. Gruber, it was unanimously EESOLTEDi That the following employments of Salesmen, with the antborisation of the Sales Dept. and the approval of I.H. Pe4h and J.J. Blacknall, Tioe Presidents, be and the sane hereby .are in all respects approved, ratified and confirmeds • At the rate oft Effeoti.es Panl E. Cobb $55 per_ veek 5118153 Jack H. De9rnin 55 e . Joseph !. Scatch 55 . s s James R. Ephlin 55 e s e Roger F. Roscoe 8. Bayer Hensley, Jr. 55 55 . e e e e Paul l. Jnnker 55 e s e Ray C. Rinardo . 55 e s e • On motion of ?Ir. Hopevell, seconded by Mr. Gruber, it was unanimously ~ . , . RESOLVED: That the following eaployaents be and the saae hereby are in all sespeets approved, ratified and confir=ed: ~ Xev York Office oalter Hack Estelle Titch ' Ruth Triedsan William ltengebaner Old Gold Branch Lucille Rinaldi Loretta A. Black Jean McCann Margaret O'Brien Thomas T. Lyons l
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Coapany, lie. York, A. Y., for purchase of Diethylene Glycol for use at the Louisville, Ly. and Jersey City, a. J. plants of the Coapany, April 1 through Deceaber 31, 1953, under term and con- ditions therein set out; Agreesxnt dated January 19, 1953, with A. D. T. Cospany, supple- ental to and expiring concurrently with agreeaent dated !(o.eaber 4, 1948, for Installation and maintenance of additional Central Station Eurglary & Holdup Protection Service at the Coapany's . Louisville, [y. plant, at an installation charge of $33. and a maintenance cost of 514.30 per annua, under term and conditions therein set out; . - Lgreeaent dated 1larch 10, 1953, .ith A. D. T. Coapany, suppleaental to and expiring concurrently with a;reeaent dated 1lay.23, 1952, for installation and maintenance of additional Central Station Sprinkler Supervisory and Taterflo. Alara Service at the Cospany's Louisville, [y. plant, at an installation charge of $252. and a maintenance cost of $108. per annua, under term and conditions therein set out; /greesent dated I[arch 17, 1953, with A. D. T. Coapany, suppleaental to and expiring concurrently with agreeaent dated October 18, 1950, for installation and maintenance of additional Central Station Burglary ic Holdup Protection Service at the Covpany's Jereey City, X. J. plant, an an installation charge of $39.34 and a maintenance cost of $16.00 per annua, under term and conditions therein set out; which - On aotion of tir. Blacknall, seconded by Mr. Jaues, .as in all respects approved, ratified and confiraed. Oa aotioo duly stde and seconded, the aeeting adjourned. Secretary .I -1, , , - - i . ~ ~ ~ /01"- ~'l/Pae
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There vere present Y.J. Halley T. Hopevell •I.H. Peak J.J. Blacknall L. Grnber - 1. James LB. Parmele lnna ?. Yoessner, Asst. 8eoty. • Mr. Eent, Chairman of the Board, presided and the Assistant Secretary acted as Secretary of the meeting. C.O. Davies Treasurer - T.H. Veiske lsat. Sooty. & isst. Treas. ! O.J. Masaruk Cashier, E.F. Grape I ~ i and Guaranty Trust Company of.Hev York and/or its Fifth Avenue W Branch shall be entitled to honor and to charge this Corporation for a11 such checks, each of vhioh shall not exceed One Thousand: ~ pollara (=1,000.00) in amount, regardless of by whom or by what .p r] means the actual or purported facsimile signature or signatures N A regular meeting of the Company vas held today at the 60th Street, Hev York City. On notion of Mr. Halley, seconded by Mr. James, it vafs unanimously RESOLVEDe That Guaranty Trust Company of 3ev York, 21.0 Broadway, llev York, 3ev York, and/or its Fifth lvenne Branch, as a designated depositary of this Corporation be and it is heruby requested, authorized and directed to honor checks each of which shall not exceed the sum of One Thousand Dollars (i1,000.00), dravn in this Corporation's name on its account (including those dravn to the individual order of any-person or persons whose naies appear thereon as signer or signers thereof) vhen bearing or purporting to bear the facsimile signature of any one of the follovings of the previous aeeting was dispensed vith. .. On motion duly made and seconded, the reading of the minntes thereon may have been affixed thereto, if such facsimile aignatur.(X) or signatures resemble the facsimile specimens from Lime to tiae (Z filed vith Guaranty Trust Company by the Secretary or other officer of this Corporation; and ~ .. , lII&THEA RESOLPEDs That the resolution heretofore adopted at a meeting of the Executive Committee of this Company held on Ma7 6. 1953, for the signing and honoring of checks, drafts or other orders for the payment of money drawn on the said Guaranty Trust Company Ezecutive• Committee of P. Lorillard office of the Company, 119 Yest llessrs.: H.l. [ent 1
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296 tersinated at any tine by Sidney J. Rain, Inc., or by this Cospany on sixty days' written notice. On motion of Mr. Jaaes, seconded by rir. Gruber, it was ananisously RESOLVED: ibat the following eaploy.enta of Salessen, Clerk and Warehouse Packers, with the authorization of the Sales Dept. and the approval of Todd Wool and I. H. Peak, Vice Presidents, be and the sa.e hereby are in all respects-approved, ratified and confirsed: At the rate of: Effective: f I Ralph Grothkopp $55 per week 5/11/53 John R. Lemon 55 w w Saul italzberg 55 n w Richard A. Ranney Jr. Sloan Jaaes G S.~ 55 w w w , . Lloyd A. Wolf 55 w .. Ernestine M. Clayton Douglas O'Shea LA W 43 w « M 4/30/53 Vincent J. Talters 43 w 5/5/53 On notion of rir. Jaaes, tnaniaously seconded by Mr. Gruber, it was RESOLVED: That the following enploynents be and the sa.e hereby are in all respects approved, ratified and coniirsed: At the rate of: Effective: llew York Of f ice Michael Boback $92 per week 5/11/53 Gertrude Haggblo 40 ' a Agnes Passarelli 40 w Louisville Branch I Donald U. Hall $5600 per annns 4/22/53 ~-Coartland E. Calvert 4800 " 4/27/53 : Paul R. Jacoby 6000 " / 5/4/53 _. 8idney D. Hood, Jr. 62 per week 5/1/53 ~, Old Gald Branch Jasses A. Sullivan • 6$ per week 5/4/53 On notion of Yr. Hopesell, seconded by Rr. Peak, it was ananiaously . I RESOLVED: /Thstthe following increases in salar of Salesmen, iach effective.riay 11, 1953, being incident to the terns of salary agreements or to established salary rate schedules covering work assignsents and in operation of an established plan of salary in- ~ creases based upon merit and/or length of service within established w rate ranges, be and the saae hereby are in all respects approved, ratified and confirmed: INA th t f h f ' T S roa e ra e o : e rate o : o t 1 Francis R. Orlando $66 per week $71 per week . . , . .~.. .~ - . . • .
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...a~<.. . .- •~ -29? Fro= the_rate of:. ro•the rate of: Richard A. Cossart Kenneth H. Gilsor $65 65 per week w $70 per week 70 w Alfred 8. Marino 65 M 70 " John H. 8recht. . 65 68 • , John H. Corcoran 63 w 68 • Barry G. Mozian 60 ~ 65 " Balvatore A. polizsi 60 w 65 w Sobert Xeinwurs 60 65 w Leon C. Charlton 55 w 60 • John J. De Sautels 55 w 60 " ' Jaaes V. Foust 55 s 60 w Thosas I. Galanti • 55 w w 60 •.Jaaes D. McCarter 55 w 60 - Jerry O. Reece 55 « 60 " •.Lnthony T. Bende 55 w . .60 John B. 8haw 55 w 60 ~ Gregg H. Teiss ' 55 w 60 w . -, On notion of Mr. Hopevell, seconded onaninously • • • by Mr. Peak, it was I RESOLVED: That the increase in salary of Anne E. Yadison, eaployed at the New York Offi.ce, due to pros,otion, froa the - rate of $59.00 per week, to the rate of $64.00 per .eek, effec- . tive ![ay 11, 1953, be and the aase hereby is in all respect approved, ratified and confirmed. On notion of Mr. Hopesell, seconded by Mr. Peak, the follo.- ' ia;-advertising expenditures, all of which are a part of and ' within the sus of noney authorized by the Board of Directors at ~ .a meeting held October 15, 1952, for an advertising program during ~ ihe~yea r 1953, were in all respects approved, ratified and con- I i .Estiaates of Lennen k 1(evell, Inc., as follows: /• .#410, Supplement 1, Revise 1, dated April 21, 1953, covering tele- f/ - vision advertising of OLD GOLD Cigarettes (talent costs Chance of ~ / a Lifet/ise), March 5 through 1lay 14, 1953, at a cost of $3,852.50; l I i437, Revise 2, dated April 23, 1953, covering aagazine advertising ! of OLD GOLD Cigarettes during 1953 as therein set out, at a cost Q of =1 130 562 98• 1 8468, Hevise 1, dated April 23, 1953, covering sagasine advertising ~-- r of OLD GOLD king-size Cigarettes, during 1953, as therein set out, at a'coet of =171,566.77; i #468, 8eviae 1, dated April 23, 1953, covering newspaper adver- tising of OLD GOLD Cigarettes during 1953, as therein set out, at a cost of =808,630.82; '- Estiaate #6, dated April 23, 1953, of Young & tabicaa, Inc., eover- ing magazine advertising of 1E1f? Cigarettes, riay 4th through December 21st, 1953, at a cost of $976,664.76. The 8ecretary laid before the meeting the following: Contract dated March 10, 1953 with Carbide and Carbon•Cheaical
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May 13, 1953 :295 ci • regular meeting of the Executive Com•ittee of P. Lorillard Company was held today at the office of the Company, 119 iest 40th Street, Now York City. There were present Messrs.: H. A. lent W. J. Halley F. Hopewell I. H. Peak J. J. Blacknall L. Gruber H. B. Paraele A. James Todd tool • Sr. Lent, Chairsan of the Board, presided and the•8ecretary acted as Secretary of the meeting. On motion duly made and seconded, the reading of-the ^inates of the previous meeting was dispensed with. rr. Blacknall stated to the meeting that H. i~ Y. Specialties Co., Inc., had entered into contract with Cigarette-Coaponents, Ltd., for the purchase of crepe paper under terms and conditions set forth in a contract between said companies dated May 5, 1953, which paper is to be used solely in filters which H. & V. furnishes for KEHT Cigarettes in accordance with the agreement dated Febra- ary 14, 1952, between H. & V. and this Company; that H. & V. Specialties Co., Inc., has requested this Conpany to agree that in the event any change by Lorillard in specifications for such filter should not include crepe paper covered by H. ts Y.'s contract •sith Cigarette Components, Ltd., Lorillard will purchase from 8. L Y. at its cost any supplies of such paper which they nay have on hand, as well as any additional supplies of such paper H. & Y. may be .required to take in accordance with the terms of this contract with Cigarette Coaponents, Ltd. - He further stated that in the event of any such change in specifications of such paper, it could be used in-the eanufacture of BENT Cigarettes, and there was produced and read to the aeeting a letter dated May 8, 1953, executed by Mr. Blacknall on behalf of this Company, addressed to Mr. A. L. Nicholson, President of , H; & V. Specialties Co., Inc., snking such agreement. Thereupon, / I On motion of Sr. Gruber, seconded by l[r. Hopesell, it was imously RESOLVED: That the action of Yr. J.'J. Blacknall, Vice President of this Coapany, in executing the agreement with H. tV, Specialties Co., Inc., evidenced by letter dated May S. 1953, shich' has been produced and read to this meeting, is hereby approved, ratifiedI and confirmed in all respects.• On motion of Sr. Gruber, seconded by Mr. Hopewell, it was nnanisously - --- ,~. RESOLVED: That Sidney J. Yain, Inc., of Now York City, be appointed Public Relations Counsel of this Company, at a fee of :2,000 per month, plus espenses, effective Kay 1, 1953, provided, hoaever, that the appointment as Public 8elations Counsel may be .. ~ • . -----+. ~..i , .. ;! : ' ,,: ~ . ~` ••;• `.. -~., ;' : ~ ° r"`~ ~i1T • .. c: ~}'~ <¢-F_' ~i~iar'~Y ~ a"-:l: !' •'-:t ~ `C ~
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r '.,.- - 292 S. •.Fansann J. J. Darby Z. L. Beard, III C. T. Hascup. with the signing of such checks. On notion of Yr. Jases, seconded by llr. Gruber, it .as. ~ Arthur Obldrich Eorssan Fright Leslie Y. Arnold Jerry H. Fields Arthur J. Graff . Billy D. Hunter Glolia A. ltilton Robert I. Parker Robert L. Rouse xargaret li. 1Lills Augustus C. Gentry, Jr. This resolution supersedes all previous resolutions in cocnection RESOLVSD: .11u t the following esploynents of Salessen,•.ith the authorization of the Sales Dept. and the approval of I. H. Peak, Vice President, be and the sase hereby are in all respects approved, ratified and confirned: hereby are in all_respects approved, ratified and confirmed: RESOLVED: "Ihat the following esploynentd be and the sine ~ ~ / . . . ~ f rate ranges, be and the sane hereby are in all respects approved, creases based upon .erit and/or length of service within established assignsents and in operation of an established plan of salary in- aEreeaents or to established salary rate schedules covering work each effective Yay 4, 1953, being incident to the teras of salary HESflLOSD: That the following increases in salary of Sales.en, Xe. York Office John ri. Coabs Edward D'Avanzo : •illiaa Tosasulo At the rate of: Effective: At the rate of: Effective: -=10,000-per annna 62 per week 51 Asst. Treasurer Cosptroller 43 - .Yirginis Repola ~. j Old Gold Branch Alfred C. oollers Gerald E. Bush Vincent J. Walters ' 1J i 46 j 39 43 w « r 5/4/53 ~ r 4/29/53 b/4/53 w . 2 3 //4/8/5 5/4/53 5/5/53 On notion of rir. Blacknall, seconded by Mr. Sope.ell, it was nnaniaonsly , ratified and confiraed: - .,, .,w~.., . :
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Troa the rate of: Tb the rate of: Phyllis J. Ward $70 per •eek $75 per •eek Walter •. Holmes 65 ' 70 ' Horton P. Starr 60 " - 65 ' Allan Bloom Ss ' 60 " Donald J Cronin 55 w w 60 . Howard D. Hale7 55 ' *0 w James L. Harty 55 ' 60 ' Hdward L. Hight, Jr. 55 " 60 w . 293 On swtion of Mr. Blacknall, seconded by Mr. Hope.ell, it was . April 9, 1954, at a total cost of $72,742.80, ofohich $51,190. is to be charged to the 1953 advertising budget, and $21,552.80 to the ~ • 1954 advertising budget when adopted; - ' #473, dated ApTil 16, 1953, covering production costs for sets for :` television advertising of OLD GOLD Cigarettes during 1953 in ajeount ` /of :5,000. The Secretary laid before the meeting the following: J~ Contract dated April 1, 1953 and supplement dated April 7, 1953, f with H. P. Murphy & Son, Inc., Richs,ond, Ya., for purchase of 'coal for use at the Richmond plant of the Company for one year O froa 1(a7 1, 1953, under terms and conditions therein set out; 04 which ' On motion of Mr. Blacknall, seconded by Mr. Hopetell, was is J~h unanimously HHSOLYED: That the increase in salary of Ralph R. Stabile, employed at the Rew York Office, froa the rate of $47 per week, to the rate of $51 per week, effective Ha7 11, 1953, being an individnal merit increase in operation of an established plan of salary increases based upon merit and/or length of service sithin established salary rate ranges, be and the same hereby 1s in all respects approved, ratified and confirmed. On s+otion of Mr. Hopewell, seconded by Mr. Grnber, the follo.- ing advertising expenditures, all of which are a part of and sith- in the sua of money authorized by the Board of Directors at a meeting held October 15, 1952, for an advertising prograa during the year 1953, were in all respects approved, ratified and con- firmed: Hstis~ates of Lennen & Hewell. Inc:, as follows: •i428, Supplement 3, dated April 6, 1953, covering production costs for television advertising of B1a3A8S7 Cigarettes in amount of $1,614.60; 0471, dated April 16, 1953, covering television advertising of OLD GOLD Cigarettes on sports progracs, April 13, 1953 through all respects approved, ratified and confirmed. Oa sation of Mr. Gruber, seconded by Mr. Hopetell, unanimously _ I . Harserj, Ri chnond, Ya., the sua of ;500. it sas t , RSSOL9HD: That this Company contribute to Soothside Day N .~ .04
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with the signing of such checks. and provided further that when the aaonnt of the check does not exceed $1,000, it say be signed by any one of the foregoing nas,ed in Group 1 or Group 1A, or 8. !. Grape, or signed by s,echanically affixing the signature of any one of the following without con- jnnction with any one of the foregoing: Z. !. Grape 4 0 Davies Treasurer !. H. Weiske. Isst. Secty. ic Asst. Tlreas. •. J. Nauruk ' Cashier H. 7. Grape. ~ ~ This resolution supersedes all previous resolutions in connectios -- On notionof rir. Gruber, seconded by Itr. Halley, it was ananisowly HBSOLVSD: That all checks drawn against any of the funds of the Cospany on deposit with The Few York.Trast Coapany, Seventh Avenue Branch, New York, New York, to the credit of the Green Check Account or the Red Check Account of this Ce.pany, shall bear the signatures of any two of the following: Chairsan of the President Ezecutive Vice Vice President Vice President Viee President Vice President Treasurer /1sst. Secty. k Board President & Secretary Asst. Treas. /lsst. Treasurer Cosptroller Cashier A. Hichhorn (~~ - - H. A. Ient V. J. Halley !. Hopewell Todd Wool I. H. Peak L. Gruber J. J. Blacknall 0. 0. Davies !. H. eiske S. •. Nanaann J. J. Darby . J. lfaaaruk and provided further that when the asount of the check'does not ez- ceed $1,000 it say be signed by any one of the foregoing or the following, or igned by s,echanically affixing the signature of aay one of the following without conJunction with any one of the fore- going: I ItZSOLOED: That all checks drawn against any of tbe funds of the Cospany on deposit with The Ne. York Trust Co.pany, Seventh Avenue Branch, New York, Ne. York, to the credit of the Blue Check Account of the Cospany, shall bear the signatures of any two of the ananiaoasly ~ On notion of 1(r. Gruber, seconded by llr. Halley, it was .r 7. H. •eiske . Jsst. Secty. & asst. Tress. t. J. Nazaruk Cashier A. Zichhorn. , 1•G: 0. Davies Treasurer This resolution supersedes all previous resolntions-in conslttion with the signing of such checks. following; '' / I . I
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---r---.,--•-~.-.-: _... . .~.•.._......, ~.... 291 0 I H. A. Lent •. J. Halley .T. Hopewell Todd Wool I. H: Peak L. Gruber J. J. Blacknall G. O. Davies 1. H. Weiske _. T. ][aunann J. J. Darby T. J. HazaruY Chairman of the Board President Executive Vice President Vice President & Secretary Vice President Vice President Vice President Treasurer Asst. Secty. h Asst. Treas. Asst. Treasurer Conptroller Cashier. This resolution supersedes all previous resolntions in connection tith the signing of.such checks. On motion of Kr. Gruber, seconded by Kr. Halley, it .as tnaniaously RESOLVED: That all checks dra.n against anf of the funds of the Cospany on deposit with The Chesical T,ank and Trust Company, Rockefeller Center Branch, 1(ew York, Ne. York, to the credit of the 6etireaent Allowance Plan Account of the Coapany, shall bear the signatures of any two of the following: T. Hopewell , Executive Vice President • Todd Wool Vice President and Secretary - I. H. Peak Vice President '.L. Gruber Vice President J. J. Blacknall Vice President t'r. O. Davies Treasurer !. H. feiske dsst. Secty. and Asst. Treas. H. A. Lent Chair.an of the Board _ 7.-_J. Halley President S. •. Nausann Asst. Treasurer J. J. Darby Comptroller f. J. Razarnk Cashier Bichhorn " ' l . . . . This resolution supersedes all previous resolutions in connection with the sisninH of such checks. . I • i . _ . - On aotion of llr. Gruber, seconded by Kr. Halley,it was nnanisously ! I .- , / • ! - RESOLVED: That all checks drawn against any of the funds of this Cospany on deposit with the National City Bank of lle. Tork, Siies Square Branch, Ne. York, Ne. York, to the credit of the Aviation Account,shall bear the signatures of any one of the I following: H. A. Lent •. J. Halley s. Hopewell Todd ool I. H. Peak L. Gruber - J. J. Blackaail G. 0. Dav ies l. S. Weiske i . i Chairsan of the Board President Executive Vice President Vice President and Secretary Vice President Vice President Vice President Treasurer Asst. 8ecty. & lsst. heas. . 1 ~•- •/ .
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t 288 conjunction with any one of the foregoing or by any two of the following without conjunction with any of the foregoing: Group 2. A. C. Fuber H. /. Snyder also the following one, but not in conjunction with . J. Hazaruk, Cashier: . .. . . . - . • . i Z. T. Grape andprovided further that .hen the aaount of the chetk does not exceed $1,000 it nay be signed by any one of the foregoing naaied in Group 1 or Group lA, or B. F. Grape, or signed by echanically affi:ing the signature of any one of the.follo.ing without conjunc- tion with any one of the foregoing: with the signing of such checks. 0. 0. Davies Sreasnrer T. H. feiske Aunt. Secty. k/Lsst. Treas. f. J. Iiazaruk Cashier '-` _. !. Grape. This resolution supersedes all previous resolutions-in-connectios ananiaously • On aotion of Mr. Gruber, seconded by Mr. Halley, it was .ItESOLVHD: That all checks drawn against any of the funds of the Coapany on deposit with Bankers Trust Cospany, 16 Wall Street, Hev York, lfe. York, shall bear the signatures of any two of the following: H. A. Kent Chairsnn of the Board f. J. Halley President T. Hope.ell Szecative Vice•President Todd Wool Vice President b Secretary I.;H. reak i •ice President L,` Gruber Vice President / Ji J. Blacknall fice president l G. 0. Davies Treasnrer ' T. H.-geiske Aunt. Secty. & Aunt. Tress. S. •. lfauaann Aunt. Treasurer J. J. Darby .Co.ptroller • • in conjunction with each otber, or any one of the foregoing ta con- junction with any one of the following, provided that when the asount of the check does not exceed $25,000 the aane may be signed by any of the two iaaediately following without conjunction with any of the foregoing: I Group l<. ing without conjunction with any of the foregoing: J. E. IIcDer.ott Aunt. Co.ptroller J. L. llason Aunt. Coaptroller Y. J. lfazarnk Cashier ' :. and provided further that when the aaiount of the check does not exceed =10,000 it tiay be igned by any one of the following ia,con- jnnction with any one of the foregoing or by any two of the follo.-
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Group 2. A. C. lfuber t. •. Snyder ~ also the following one, but aot in conJunctioa with w. J. Aazarak, Cashier: S. T. Grape and provided further that when the aswunt of the check does not exceed ;1,000 it aay be signed by any one of the foregoing naaed in Group 1 or Group lA, or E. F. Grape, or signed•by•Qechanicall; affixing the signature of any one of the following without con- junction with any one of the foregoing: :the Coapany on deposit with The Public Ilational Sank•and Trust Coapany of 2iew York, 37 Broad Street, Aew York, lle. York, shall bear the signatures of any two of the follosing: HBSOLVXD: That all checks drawn against any of the funds of S. F. Grape. - - f. J. lazaruk Cashier - 0. O. Davies Treasurer t. H. •eiske Aast. Secty. & Asst. 'heas. This resolution supersedes all previous resolutions ia connection with the signing of such checks. . On notion of 1lr. Gruber, econded by Hr. Halley, it sas inanisously ~ _ .-Group 1. H. A. lent .. t. J. Halley r. Hopewell ToddTool I. H. Pekk L. Gruber ' J. J. Blacknall G. O. Davies / !. H. Teiske / S. •. Aauaann J. J. Darby - . / in conjunction with each conjunction with any one aaount of the check does by any any of , Chairaan of the Board .President Hzecntive •ice•President Vice President t< Secretary Vice President Vice Preoident' Vice President* Treasurer + , Lsst. Secty. & Asit. Treas. /sst. Treasurer Coiptroller ; other, or any one of the fortgoins in of thefollowing, provided that when the not exceed $25.000 the saste say be signed of the two in:edistely following without conjunction with the foregoing: . . Group 11. J. R.,1ScDera,ott Lset. Coaptroller' ,' J. t. L. Itason J. Aasarnk Jast. Coaptroller- Cashier Group 2. A. C. lluber s. f: Snyder , . ~. :: r.; . . _ . . . , + . ,~. also the following one, but not in*coajuactioa with •.*J. lazarak, and provided further that when the aaount of the cbeck does aot ~ exceed $10,000 it aay be signed by any one of the-following in conjunction with any one of the foregoing or by any two of the N following without conjunction with any of the foregoing: (~ M Q ~ w
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folloviag without conjunction with any of the foregoing: and provided further that when the aaount of the check does not exceed $10,000 it say be signed by any one of the following in conjunction with any one of the foregoing or by any two of the Cashier: _. ?. Grape _ . also tbe follo.in8 one, but not in conjunction eith •. J. Yasarut, Group Z. A. C.'Huber 1. Snyder R tion with any one of the foregoing: • and provided further that when the aaount of the check does not ezceed $1,000 it aay be signed by any one of the foregoing nased in Group 1 or Group lA, or B.-?. Grape, or signed by nechanically affizing the signature of any one of the following without conjunc- G. O. Davies Treasurer T. B. oeiske Asst. Secty. ta Aunt. 1lreas. •. J. ifasarak Cashier . r_ S. F. Grape. - 'lhis resolution supersedes all previous resolutions in•connection •ith the signing of such checks. gg801.VZD: That all checks drawn against any of the funds of the Coapany on deposit with The Chase National Bank of the City of Res York, 18 Pine Street, Eee York, 1[es York, shall pear the signa- tnaniaoasly ' On moti.on of Yr. Gruber, seconded by Itr. Halley, it was tnres of amy two of the follo.ins:. Group 1. E: •. Lent ~' J. R. 11cDeraott . J. L. Mason t. J. ltaurulc t. J. Halley !. Hopewell ,.•''Dodd Qool ":I.H.Peat ` L. Gruber Slacknall J ~ J . . G. 0. Davies !. H. teiske _. •. !(auaann 'J. J. Darby .x: Aunt. Coaptroller Aunt. Co:ptroller Cashier / . Chairaan of the Board President izecutive Vice President Vice President 8 Secretary Vice President •ics President Vice President Treasurer Aunt. Secty. & Asst. heas. Aunt. Treasurer Cosptroller • ~ ia-conjunetion with each other, or any one of the foregoing in con-. junction with any one of the following, provided that when the aaount of the check does not exceed $25,000 the sane aay be signed by any of thet.o iamediately following without conjunction with any -. ~ of the foregoing: Group 1i. J. R. HcDer.ott Jsst. Coaptroller J. L. Mason Aunt. Coaptroller' t. J. ltasaruk . Cashier .-A I u
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...~,_-~.,,~....._~...-- w 287 and provided iturther that when the amount of the check does not ezceed $10,000 it say be signed by any one of the following in eonjunction with any one of the foregoing or by any two of the following without conjunction with any of the foregoing: Groev 2. A. C. Fuber R. T. Snyder a}aa the following one, but not in conjunction with w. J. Xasarul:, " Casaiar: Z. Y. Grape and provided further that when the amount of the check does sot exceed $1,000 it say be signed by any one of the foregoing aaaed in Group 1 or Group 111, or 8. !. Grape, or signed by sechanically affixing the signature of any one of the following without con- junction with any one of the foregoing: . . " G. O. Davies Treasurer T. H. ReisYe Lsst. 8ecty. it•6sst. Treas. , •. J. Xazaruk Cashier S. T. Grape. This resolution supersedes all previous resolutions in connection with the signing of such checks. . [:l On otion of Mr. Gruber, seconded by Mr. Halley, it was .nanisously _ -- BB3OL9HD: That all checks drawn against any of the funds of the Coapany on deposit with Manufacturers Trust Coapany, 55 Broad Street, Ne. York, New Yorr, ahall bear the signatures of any two of the following: . I -,_ Group 1. / • H. d. Lent 7. J. Halley Cbairasan of the Board President l! T. Hopewell Todd iool Izecutive Vice President Vice President & Secretary i I. f. B. Peak Gruber Vice President Vice President' J. G. t. E. J. J. O: H. f. J. Blacknall Davies Weiske Fauaann Darby Vice President- Sreasarer Asst. Secty. & /lsit. Tress. Jast. Treasurer Coaptroller is conjuriction with each other, or any one of the foregoing 'ia conjunction with any one of the folloving,provided that when the amount of the check does not exceed $25,000 the sane may be signed by any of the two iaaediately following without conjunction with ~ ,any of the foregoing: ' . ~ Group lA. J. H. llcDerAott Lsst. Comptroller J. L. Mason Jast. Coaptroller • •~ ~ *. J. Rasaruk Cashier . ~ . . and provided iarther that when the amount of the check does not ~ •eYceed $10,000 it say be signed by any one of the following ia I J , .- ~~ . . . . • . .s ~w . _'• ~~ ... . • .
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. - : ;- ..~ . U in conjunction with each other, or any one of the foregoing in conjnnc- tion with any one of-the following, provided that shen.the asount of the check does not exceed $25,000 the saae s,ay be signed by any of the two imediatel7 following without conjunction with any of the fore- toing: . Group lA. J. lt. YcDerswtt Asst. Cosptroller J. L. lLason tast. Coaptroller ; _ •. J. Hazarnk Cashier and provided further that when the amount of the check does oot exeeed $10,000 it s+ay be signed by any one of the following in con- junction with any one of the foregoing or by any two of the following tithout conjunction with any of the foregoing: .. and provided further that when the aaount of the check does not ex- ceed $1,000 it =a7 be signed by any one of the foregoing naaed in Group 1 or Group IA, or B. F. Grape, or signed by sechanically affiz- ing the signature of any one of the following without conjunction with any one of the foregoing: - Treasurer 1sst. Secty. • Asst. Treas. Cashier This resolution supersedes all previous resolutions in connection vith the signing of such checks. I' w B8.90LPBD: That all checks drawn against any of the funds of/the a• ~.at n._b en D-w~J-_- / tnan is+oa.17 • On s+otion of IEr. Gruber, seconded by rir. Halley, it was He. York, shall bear the signatures of any two of the following: yyar-J' .. ..,.v- ~ .ra. ..-rv.... -r-, . v -X , a. Gronp 1. H. A. tent I -f . Chairsan of the Bo=ed ~ T. J. Halle7 I Pre.ident . F. Hopewell (. I lzecutive Vice President ./~ Todd Wool / ice President & Secretary ' I..'H. Peak ~ ice President ~J L. Gruber- ~ Vice President ; J.•J. Blacknall Vice President J.. ; S. T. Waunann lsst. Treasurer , J. J. Darby Cosptroller : 'lreasurer- F, H. Teiake - lsst. Sect7. & Asst. Tress. . G. O. Davies in eoojnnction with each other, or any one'of the foregoing in con-- Jnnction with any one of the following, provided that when the amount of the check does not exceed $25,000 the saae .a7 be signed by aay of the two iasediately following without conjunction with I . I . t
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any of the foregoing: Group ld. - J. H. icDer.ott Jsst. Cosptroller J. L.lSason Asst. Co=ptroller 7 J Hazaruk Cashier and provided further that when the aaount of the check does not exceed $10,000 it say be signed by any one of the following in conjunction with any one of the foregoing or by any two of the following without conjunction with any of the foregoing: Group 2. A. C. Hnber , 1 _ 1t. f . Snyder also the following one, but aot in conjunction with •. J. ltazaru]c, Cashier: ' •. J. Hazaruk Casbier Z. T. Grape. . . .1 - t. H. Yeiske . tsst. Secty. h dsst. Treas. ' junction with any one of_the foregoing: , 0. 0. Davies Treasurer and provided further that when the aaount of the check does not exceed $1,000 it say be signed by iny-one of the foregoing nased is Group 1 or Group lA, or B. !. Grape, or signed by s+echanically affixing the signature of any one of the following without con- S. !. Grape - This resolution supersedes all pre.ious,resolutions.in connection with the signing of such checks. On s,otion of l[r. Gruber, seconded by Mr. Halley, it was •nanis,ously : tBSOLPHD: That all chects'dra.n against any'of'the funds of the Cospany on deposit with The National City Bank of Her York, ?iies Square Branch, lles York, Qe. York, to the credit of the Regular Account of the,Coapany,'shall bealr the signatures of any with any of the foregoing: ' signed by any of the two ia.ediately following without eooaunctioa the aaount of the chech does oot exceed $25,000 the saae aay be conjunction with any one of the following, provided that .hen H. A. Kent / , •. J. Halley !. Hope.ell Todd Wool' . ,`. . I. H. Peak 1" .L. Graber-. / .J. J. Blachnall 0. 0. Da.ies F. H. •eislice _. W. Haa.ann J. J. Darby , Chairsan of the Board President Eseeuti.e Yice'President •ice President k Secretary Tic~ President Tice President' ' Vice President f ' Treasurer I Isst. Secty. h'Asst. Treas. Cosptroller - /sst. Treasurer in conjunction with each other, or any one of the foregoing in ,
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Todd Wool -I. H. Peak L. Gruber J. J. Blacknall 0. 0. Davies F. H. Weiske s. W. Naasann J. J. Darby Vice President & Secretary Vice President Vice President Vice President Treasurer •sst. Secretary and Asst. Treasurer Aast. Treasurer Coaptroller in conjunction with each other, or any one of the foregoing in con- junction with any one of the following, provided that when the asiount of the check does not exceed $25,000 the saae tay be signed by any of the two isaediatelT following without conjunction with any of the foregoing: Group l/l. J. B. YcDermott - Lsst. Cosptroller J. L. 7. J. 1lason xazaru.k Lsst. Coaptroller Cashier and .provided further that when the aaount of the check does not-"- e:ceed $10,000 it siay be signed by any one of the following in conjanction with any one of the foregoing or by any two of the following without conjunction with any of the foregoing: Group Z. A. C.'llober s. 1. Snyder also the following,one, bat.not in conjunction with T. J. Cashier: ~ and provided further that when the as,ount of the check does not exceed $1,000 it syy be signed by any one of the foregoing named in Group 1 or Group lA, or B. F. Grape, or signed by mechanically affixing the signature of any one of the following without conjunc- tion iith any one of the foregoing: ,•G. O: Davies Treasurer F.-H. teiske - Jsst. Secty. h dsst. Treas. . J. Xazarnk Cashier S. F. Grape., I is resolution supersedes all previous resolutions in connectios with the signing of such checks. " ` . ~Os a,otio of Yr. Gruber; seconded by Mr. Ha11eF, it .as ni- llasaruk, sroasly. 1tH3OL9SD: That all~checb drawn against any of the funds of the (= Co.panF on deposit with GuarantF-'!rust CoapanF of New York at 140 ODb 0 Broad.ay, New York, Ke. York, and/or its Fifth A.enue Branch, shall (rJ - ' bear the signatures of any two of the following: H. A. Lent •. J. Balley F. Hopewell 7bdd Wool •I. H. Peak i . Chairs,an of the Board President Ixecuti.e Vice President ' Vice President and Secretary Vic,6 President L. Gruber " Vice President .
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: 283 _ J. J. Blacknall ---Tice President 0. O. Davies Treasurer t. 8. Teiske Asst. 8ecty. & asst. Tress. . "s. V. llaaaann Asst. Treasurer J. J: Darby Comptroller 4 in conjunction with each conjunction with any one aaonnt of the check does other, or any one of the.foregoing in of the follosing, provided that when the not exceed $25,000 the sa.e•maf be signed by any of the two irsediatell any of the foregoing: . following without conjunction with any of the foregoing: following without conjunction with Lsst. Comptroller bst. Comptroller Cashier and provided further that when the aaoant of the check does not ezceed $10,000 it nsy be signed by any one of the following in . conjunction with any one of the foregoing or by any two of the Group L. J. t. YcDersott J. L. Yason t:.J. Hasarak T. H. Weiske Last. Secty. & dsst. Tress. ~ •. J. Nazarak • Cashier : S. ?. Grape. L This resolution supersedes all previous resolutions ia conneetioa with the signing of such checl s. ~ ~ On motion of Mr. Gruber, seconded by Itr. Ha11eI, t.aa znanlaoasly ezceed =1,000 it say be signed by any one of the foregoing na:ed •in Group 1 or Group ld, or B. ?. Grape, or signed by ssechanically affixing the signature of any one of the following without con- junction with any one of the foregoing: _ . -- - . . •. ; . O. O. Davies Treasurer , and provided further that when the amonnt of the check does not RE30LPT.D: That all checks drawn against any of the funds of Corpany on deposit with Chesical Bank and Trust Co.panf, Broadway, Ber York, xew York, shall bear the signatares of C two of the following: J Group 1. H: A. lCent I T. J. Halley !. Hope.ell Tbdd Wool I. H. Peak L. Gruber J. J. Blacknall 0. O. Davies !. H. Weiske s. W. Sam.ann . J. J. Darby Chairaan of the Board President . I• Izecutive Vice President Vice President & 8ecretarf Vice President Vice President Vice President ~ Treasurer .4 Asst. Secty. & Asst. Tress. bst. Treasurer ~ Cosjptrol ler .~.1 W .
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Troa the rate of: .ro the rate of: Garnet B. Stratton, Jr. $60 per week $65 per week Robert C. Barton 55 . 60 « Charles H. Criss 55 w 60 w Ralph f. Drips Bernard A. Treed 55 55 w M 60 60 w w Jesse J. Harkness 5a 60 w Eugene T. O'Donnell 66 w 60 w Paul R. Robbins Fw w 60 w On totion of Yr. Hope.ell, secondbd by rr. Gruber, it vas nnanisously ~;:_ . . . . . R890tAED: That the follo.ing increases ia salarT, due to pro- ssotion, be and the same hereby are in all respects approved, ratified and confirmed: lrom the rate of: f i To the rate of: Zffecti.et ce f Xew York O John H. McCarthy $60 per week $74 per week 5/4/53 Jane H. Gatti 56 0 65 0 Louia.ille Branch Robert 8. Lindauer . 79 0 N 0 4/24/53 Maynard H.- Allen 55 " .62 0 w On motion duly aade and seconded, the s,eeting adjourned. I 1 s ;1
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_.__...,.'Nl~ . .. . . . . . ~~ . . . . .. . - . . ~.:...~ L.~~. . . _ HaF 6, 1953 281 l regular aeeting of Company .as held today at Street, Aew York City. the Hxecative Coasittee_of.P. Lorillard the office of the Coapany,.119 test 40th There •ere present Messrs.: H. A. Eent •. J. Halley T. Hope.rell J. J. Blacrnall . L. Gruber .. :. % B. B. Parnele • . . L. Jaaes dana F. roessaer, 4st. Secty. 1 •naniaonsly . Mr. tent, Chairaan of the Board, presided and the Assistaat Secretary acted as Secretary of the aeeting. . On sotion duly made and seconded, the readins of the aiantes of the previous s+eeting was dispensed with. On aotion of Mr. Hope.ell, seconded by Mr. Blacksall, it was ZESOLVBD: That the action of the Hzecutive Vice President, and the Treasurer of this Coapany, In renewing on.tiay 4, 1953, on behalf of this Company, the loan aade February.3,•1953; from Cheaical Back and Trust Conpany, 11 West 5lst Street, IIo. York, Hee York, In the sun of One Million Dollars ($1,000,000), and in executing and delivering in the naae of this Coapany its promissory note evidencing said debt, bearing date of MaF 4, 1953, and paF- -able at said bank ninety-one (91) days fros said date, with inter- est at the rate of 3}% per annns from said date, be and the sase •nanimocsly BBSOLPSD: Zaat the action of the Bsecntive Vice President, and the Treasnrer of tbis.Coapany, in renewing on.Eay 4, 1953, on behalf of this Coapany, the loan ride Febrnary.3,•1953, froa Cheaical Bank and Trust Coapany, 11 Vest 51st Street, liew York, Xew York, in.the sun of One Million Dollars ($1,000,000), and In executing and delivering In the naae of thin Ccapsay its proaissory note evidencing said debt, hearing date of Uay 4, 1953, and pay- able at said bank ninety-one (91) days from aaid date, with inter- est at the rate of 3j% per atnma from said date, be and the sass bereby is In all respects approved, ratif ied and conf iraed. ~On motion of Mr. Hope.ell, seconded b7 Hr. Blacknall, it was .hereby is In all respects approved,-ratified and confirned. I On aotion of Mr. Gruber, econded by Mr. Halley, it was nnani- ~ s+onsly t.o o e o owing: ' . . .- u8OLYHD: That all checks drawn against any of the innds of the Company on deposit .ith-The lie. York Trust CoapanF, 100 IDroade way, Nee York, Fe. York, to the credit of the Regular or Sales- ~ aen's Accounts of the Company, shall bear the signatures of.any w f th f ll ' 9 Group 1. 1. A. Lent • Chairman of the Board ..t. J. Halley President t. Hope.ell Rxecntive Vice President V
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• regular oeeting of the Executive Coaittee of P. Lorillard Co.pany was held today at the office of the Cospanl, 119 iest 40th Street, lte. York City. There were present Bessrs.: H. A. Ient •. J. Halley , t. Hope.ell I. H. Peak J. J. Blacknall . L. drnber A. Jas,es H. B. parsele Todd tool Mr. Kent, Chairaan of the Board, presided and acted as Secretary of the meeting. Oa aotion duly aade and seconded, the readins of the previous s,eeting was dispensed with. the Secretary of the .iaates On s,otioa of rir. Peak, seconded by Mr. Hope.ell,it was ananisonsly 1BSOLYED: That the action of the Executive Vice President, and the Treasurer of this CoQpanY, in renewing on April 27, 1953, on behalf of this Conpany, the loan n:ade January 26, 1953, fros Yirst & Merchants National Bank, Eichsond, Virginia, in the sun , of Two Hnndred Thousand Dollars (y200,000), and in executing and delivering in the nane of this Con•pan7 its pro.issorf note evidencins said debt, bearing date of April 27, 1953, and pay- able at said bank ninety-one (91) days fros said date, with interest at the rate of 3% per anraa fros said date, be and the sasw hereby is in all respects approved, ratified and con- firaed. On .otion of Mr. Hopeeell, seconded by Mr. Jases, it was Uaaninously . /si.40L4XD:' That all checks drawn against any of the funds of the Cospany on deposit with Citizens ?idelity Bank and Trust Cospany, Lonis.ille, LentacL7, to the credit of the Regular Account of the Kentucky Leaf Departsent of the Conpany, shall bear the siQnatare of any two of the following: d. D. deeley V. Y. Blunk •. D. Coastock J. J. Harpring s. H. Vance A. J; Cheek, Jr. This resolution supersedes all previous resolutions signing of such checks. - On sotion of Mr. Blacknall, seconded •nanisonsly I ia regard to . . . ~ by Hr. Hopesell, it was RESOLVED: That the following eaploYsents of Sales.en, with the aathorization of the Sales Dept. and the approval of Todd Wool n ; ~ -
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r . .. •. . - and I. H. Peak, Vice Presidents, be and the saae hereby are in all respects approved, ratified and confirsred: Oh notion of Mr. Blacknall, seconded by Hr. sope.ell, it was unanisonsly tESOLVED:• That the following esplo7neats be and the saae hereby are in all respects approved, ratified aad confirsed: 0 Arne Bakanson 51 • 4/23/53 Lucille Earnetta . 46 • 4/22/53• Hargaret McCarthy 56 a "4/24/53 Gerald ltaldoon 36 " 4/28/53 On motion of Mr. Hopewell, seconded by Mr. Gruber, it, was ,., . r7 ?reesan B. Bobbitt j. 46 l , :4/27/53 / At the rate of: • sffectiv.: Janes J. Linehan $55 per week 4/23/53 Zdsnnd B. IIcAIIle7 55 " 4/27/53 Dtanley Charlon 55 w w w .' John C. Lenneally 55 : Robert H. Lee 55 w Srwin C. lEarkowits 55 . w Lester T. 8heets 55 . ~ Rose Garruto 56 per week At the rate of: Sffecti.e: xe. York Office Howard Cussinss $5200 per a.anum 4/27/53 . . w 4/27/53 4/23/53 4/21/53 Louisville Branch ' Earold H. Hubbard 62 4/14/53 =rnest B. Sears 62 " 4/13/53 Old Gold Branch Lorraine A. palaabo 42 Robert Laab 56 Terry Lee Graziosi 42 • 1I / fhitlock Branch ananisousl, j . f , and the sass hereby are in all respects approved, ratif ied asd tonfir.ed: - in operation of an established plan of salary increases based upon serit and/or length of service within established rate ran;es, be Yanaeers and Salessen, each effective April 27, 1953, dne to pro- ~ notion or being incident to the terss of salary aQreesests or.to established salary rate schedules co.ering work assignaents and / ;` 7 . tsSOLOED: That the following increases ia salar7 of Division ?ros+ the rate of: To the rate of: Znaene R. Head $105 per week John H. Baner _ 90 Donald Turner 70 Vincent J. Alessandra 60 >illiaa B. S.ith 60 0 . Y
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-•' Old Gold Branch - Sobert A. IIallace $5000 per annus 4/13/53 " •Hargaret B. Dre7fas 42 per week Jean ikcCann 42 ' 4/15/53 On motion of Yr. Hope.ell, seconded by Hr. Jaaes, it was nnaaiaoosly SB3OLYBD: That the following increases in alarY of 8a1as- s+en, each effective April 20,,1953, being incident to the terss of salary agreements or to established salary rate schedules •eoverina work assignaents and in operation of an established plan of salary increases based upon merit and/or length of service .sithin established rate ranges, be and the sasre hereby are in all respects approved, ratified and confirmed: " Troa the rate of: To the rate of: Walter F. telly $70 per week $75 per week Wilford B. Harris 65 ' 70 " Sichard D. Allen 60 " 65 ' Charles H. Etzler 60 " 65 w faTne H. C,ood.yn 60 " 65 ' Jerry B. Hantley 55 " 60 ' Hays L. IEcCord 55 " 60. w .. Jack Y. HcDonald, Jr. 55 " • 60 -' . On motion of ltr. Hope.ell, seconded by ttr. James, it was aaaaiaonsly - - EESOLYlID: That the following increases in salary, dae to promotion or by reason of additional responsibilitios and being Individual merit increases in operation of an established plan of salarT i.ncreases based upon merit and/or length of service within established salary rate ranges, be and the sane hereby are in all tatbleen ?. 8adden ' -41 , " " 48 " « Sita Gallasher ;39 43 w • Loais.ille Brancb Ragene 8. Zronk 6a ' ~ 74 " 4/10/53 Oa notion of Hr. Peak, seconded by Yr. Hopesell, the.follos- ing advertising ezpenditnres, tll of which are a part of and within the sn: of money authorized by the Board of Directors at a meeting held October 15, 1952, for an advertising program ~ during the Ysar 1953, were in all respects approved, ratified DettY L. Bean $55 per week . $65 per week 4/20/53 ` ?rom the rate of: To the rate of: Zffective: ' Tee York Office ~ • ' •• respects approved, ratified and confirmed: • , . .. . r and confirmed: I ~ Zstiaate 0469, dated April 1, 1953, of Lennen k Hosell, Inc., ~ eoverinB purchase price of jingle to be used for television ad.er- N tisins of BLBd83Y Cigarettes, in amount of ,
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277 covering television advertising of XXNT Ciearette (sponsorship "The 9eb"), March 29 through June 21, 1953, at a cost of ;43T,661.48; Zstiaates of National Export Advertising Service, Inc., Se. Tor*, S. T., as follo.s: < - Dated Sarch 26, 1953, covering European newspaper advertising of SIBASSY Cigarettes as therein set oat, May 6 through July 29, 1953, at a cost of $1,684.62; Dated lFarch 31, 1953, co.ering Znropean newspaper advertising of OLD GOLD Cigarettes as therein set out, during IiaY 1953, at a cost of $194.25; Dated March 31, 1953, covering European newspaper advertising of LRdSSY Cigarettes as therein set out, during May 1953, at a cost of $194.25. The Secretary laid before the s»etins the following: Lease dated March 13, 1953, from Jefferson Building Corparation of Room 539 Jefferson Building, Peoria, Ill., for one year from ltay 1, 1953, at an. annual rental of :510., paTable.s+onthly in advance; which On sotion of Mr. Sope.ell, seconded by Mr. Gruber, was in all respects approved, ratified and confiraed. On notion of f.r. Salley, seconded by Mr. Sopesell, it was : 'nnaniaously . • -•iZSOLVSD: That this Company contribnte to United Jewish Appeal, for 1953, the sca of $5,000. ... _:.:r. On notioa of Mr. Gruber, seconded by Mr. Peak, it was tiaaai- • . monaly - " 9SSOLVSD: That this Co"nY contribute to the Greater Ses York Znnd, for 1953, the ava of =Z,500. •.
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\ lroa the rate of: To the rate of: Irving S. Lovett •=55 per week d 55 M l monsly MM M w $60 per week 60 M 60 60 60 On notion of Hr. Halley, seconded by Hr. Hopewell, it was unani- rank p. l athiaa Xed F. IicCabe 35 [enneth A. Nilson 55 Guy li. Hi: 55 . H83OLVHD: That the following increases in salary, due to promo- tion or by reason of additional responsibilities and being individual nerit increases in operation of an established plan of salary increases based upon aerit and/orlength of service within established salary rate ranges, be and the sase hereby are in all respects approved, ratified and confiraed: tro= the rate of: 2b the rate of: Bifective: Old Gold Branch Albert A. Schultz $88 per week $5200 per annus 5/1/53 Gerald Langlois 80 ' 90 per week 4/20/53 Marian 1COc 55 • 62 " 4/13/53 Tilli.a J. Ashs,ore 62 M .?2 M nobthly in advance; fte Secretary laid before the aeeting the following: Lease da`ted liarch.21, 1953, froa Henry L. Jones and Katharine Church-Jones, of Soo 53, Bennett Bldg., 7ilkes-Barre, Pa., for one year froa Hay 1, 1953, at an annual rental of $528:, payable Os Aution oi •1[r.' Halley, seconded by Hr. Gruber, it was unanis,ous respects approved, ratified and confiroed. On notion of Yr. Hopeeell, seconded by llr. Janes, it ias tmaniaonsly SS80LV8D: That this Conpany contribute to the T. Y. C/ A., II Jerse1 City,'Xf J., for 1953, the sui of $500. r M M On notion of Yr. Hopewell, seconded by Yr. Gruber, was in all ~ Report, for 1953, the sun of $500. That this Coapany contribute to the Citizens Coaaittee
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r 272 _:f.:. __. ,...~..-.:,..~ 'Rzis resolution supersedes all previous resolutions in regard to the signing of such checks. ~- On 'eotion of -llr. Peak, •seconded by Mr. James, it was unanimously RESOLVED: That all checks drawn against any'ol the funds of the Company on deposit with Citizens Fidelity Bank 4 Trust Company, Louisville,Hentucky, to the credit of•the Regular Account of the Louisville Branch of the Company, shall bear the signatures of any _ . two of the following: H. D. Seeley f. D. Comstock V. E. Blunk J. J. Harpring B. H. Vance A. J. Cheek, Jr. This resolution supersedes all previous resolutions . signing of such checks. in regard to the : On motion of Mr. Peak, seconded by Yr.•Jaaes, it was unanimously RESOLVED: That all checks drawn against any of the funds of the Company on deposit with Citizens Fidelity Bank 4 Trust Coapany, Louis- ville, ientucky, bothe credit of the Payroll Account of the Louisville following: Branch of the Company, shall bear the signatures of any one of the '.- H. D. Seeley D. Constock ~ : •. E. Blunk - - J. J. Barpring 7 B. H. Vance provided that no check so drawn is to be honored by said Bank unless presented within thirty days iros date issued This resolution su sr- A. J. Cheek, Jr. . p sedes all previous resolutions in regard to the signing of such checks. On notion of Mr. Peak, seconded by Mr. Jasxs, it sas unaniaously BESOLVED: That all checks drawn against any of the funds of the IDA Company on deposit with Citizens Fidelity Bank k'h-ust Coopany, W Louisville, Lentucky, tq the credit of the Savings Bond Account of; ~ the Louisville Branch of the Company, shall bear the signatures of . ~1;6 i the iollo.in : t g .o o any H. D. 8eeley t.,D. Cosstock •. E. Blunk J. J. Harpring B. H. Vance •.J, Cheek, Jr. i On sotion of Yr.'Halley, seconded by:llr: Hopewell, it'sas unanimously
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273 RESOLVED: The the following employnents of Salesmen and Warehouse Packer, with the authorization of the Sales Dept. and the approval of F. Hopevell and I. H. Peak, Vice Presidents, be and the same hereby are in all respects approved, ratified and [l confirmed: At the rate of: Effective: ;i' ibosas P. Bartolo $55 per week 4/13/53 :.. Jack P. Graff 55 " w Remer C. Hendriz 55 w w I . Alfred [lein 55 w w ' ~ Carl •. [orman 55 n w Francis J. UcCabe 55 " w Lloyd [. Satterfield 55 w w Duane A. Stromberg 55 w w Jefferson U. Vaughn 55 w w William Smith 40 w 3/23/53 Oo .otion of Mr. Halley, seconded by Mr. unanimously Hope:ell, it was RESOLVED: That the following employments be and the saie hereby are in all respects approved, ratified and confirmed: At the rate of: ' !ew York Of f ice Helen Dewinski Eugene Boaco 56 John Ziats _ 39 Old Gold Branch. -Justus L.Lawson 49 _Patrieia A. Ackerman 42 Thitlock Branch Yargery Harrigan 40 Effective: $46 per week 4/9/53 4/13/53 w 4/6/53 4/7/53 2/17/53 Blacknall, it .as f RESOLVED: That the following increases in salary of Salesrsn, each effective April 13, 1853, being incident to the ters of salary agreements or to established salary rate schedules covering work assignments and in operation of an established plan of salary increases based upon merit and/or length of service within estab- lished rate ranges, be and the same hereby are in all respects 0 0 w r / .. / .. - / !On motion of Mr. James, secodded by Mr. %wanimously . _ approved, ratified and confirmed: , u Frca the rate.of: Charles I. Lorngut $65 per week Harry L. Harvey, Jr. 60 •illias L. Sharp 60 Belton B. Arnett, Jr. 55 Olin LeRoy Blebm 55 George f. Drake 55 Earl •. Holler 55 Tillman J. Lankford 55 f• ' • i To the rate of: I =765 per meek ~ . 65 60 60 60 60 60 w w w
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April 15, 1953 A regular meeting of the Executive Committee of P. Lorillard Company vas.held today at the office off the Coapany,.119 West 40th Street, l~ei York City: There sere pYe•serit Heasrs.: H. A. sent ' •. J. Hailey ~ Y. Hopewell 1. H. Peak J. J. Blacknall. ~L. Gruber A. James JLsst. 8ecty. foessner 'Anns F , . . ~ 7 n . • ~ . . .. . , . . . . Hr. Lent, Chairnan of the Board, presided and the Assistant Secretary acted as Secretary of the meeting. On motion duly s,ade and seconded, the reading of the minutes of the previous aeeting was dispensed .ith.. On motion of 1lr..Hoper.ell, seconded by ttr. PeaLc, it was unanimously R8SOL9ED: That the action of the Executive Vice President, and the Treasurer of this Company, in renewing on April 13,'1953, on be- half of this Company, the loan made January 13, 1953, fro. Guaranty Trust Company of Ne. York, 140 Broadway, New York, New York,'id the sua of One llillion Dollars.($1,000,000), and in ezecuting.and deliv- ering in the naae of this Company its promissory Dote evidencing said debt, bearing date of April 13, 1953, and payable at said bank ninety-one (91) days from said date; with interest at the rate of 3% per annum froa said date, be and the same hereby is in all respects aRproved, ratified and confir.ed. On aotion of 1[r. Hope.ell,.seconded by Yr. Peak, it was unanimously .RBSOLYED: That the action of the Executive Vice President, and the Treasurer of this Company, in renewing on April 13, 1953, on be- half of this Company, the loan made January 12, 1953, from The Hanover Bank, 70 Broadway, Few York, New York, in the sua of One Million Dollars ($1,000,000), and in executing and delivering in the name i of this Company its promissory note evidencing said debt, bearing date of April 13, 1953, and payable at said bank ninety-one (91) days from said date, with interest at the rate of 3% per annum from said date, be and the same hereby is in all respects approved, ratified and conf irmed. .On aotion of 1[r. Hope.ell, seconded by Mr. Peak, it was unanimously Ii RE3OLVHn: That the action of the Executive Vice President, and 0 the Treasurer of this Company, in renewing on April 13, 1953, on be- half of this Company, the loan made January 12, 1953, from Chase Xational Bank, 18 Pine Street, New York, New York, in the sua of ~ One Million Dollars ($1,000,000), and in executing and delivering ,~ in the name of this Company its promissory note evidencing said ~ U debt, bearing date of April 13, 1953, and payable at said bank pinety-one (91) days from said date, with interest at the rate of , 3% per annum from said date, be and the aae is in all respects ~ ~^J approved, ratified and confirmed. • . -• 9 On aotion of Mr. Hope.ell, seconded by Yr. Peak, it was unanimously
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271 RESOLVED: That the action of the Executive Vice President, and the Treasurer of this Company, in renewing on April 15, 1953, on be- half of this Company, the loan made January 15, 1953, from Chemical Bank & Trust Coapany, 11 •est 51st Street, New York, New York, in the sua of One Million Dollars ($1,000,000), and in executing and delivering in the name of this Company its proaissory note evidencing said debt, bearing date of April 15, 1953, and payable at said bank ninety (90) days from said date, with interest at the rate of 3% per annus from said date, be and the same hereby is in all~respects approved, ratified and confirmed. On motion of Mr. Blacknall, seconded by Mr. Hopewell, it was unanimously BBSOLVHD: That all checks drawn against any of the funds of the Company on deposit with the Hudson_County National Bank, Jersey City, New Jersey;-to the credit of the Regular Account of the Old Gold Branch of the Company, shall bear the signatures of any two of the following: _. C. Fieg J. A. Lraus •'T. D. Okerson J. L. Jockel. lLis resolution supersedes all previous resolutions to the signing of such checks. i.n regard On notion of 1[r. Blacknall, seconded by Mr. Hope.ell,-it was unanimously . ! • RESOLVED: That all checks dra=n igainst any of the funds of the Company on deposit with the Hudson.County National Bank, Jersey City, New Jersey, to the credit of the payroll Account of the Old Gold Branch of the Company, shall bear,the signature of any one of ,e the following: - . . !Z. C. Fieg • ~ J. A. [raus ; . . , _ 7t. D. Okerson ; ' r J. L. Jockel . ~ ; • . provided that no check so drawn ia to be honored by said Bank unless presented within thirty days from date iasued. This resolution supersedes all previous resolutions in regard to.the signing of ~ , such checks. ~ I •! On notion of Mr. Blacknall, seconded by Mr. Hopewell, it was . _ unanimously RESOLVED: That all chccks draRn against any of the funds of the Cospany on deposit with the Hudqon County National Bank Jers , . ey ~ City, New Jersey, to the credit of Lhe.Bavings Bond Account of the -.Old Gold Branch of the Cospany, shali kear the signatures of any W .,teo of the following: . • ~ S. C. Fieg J. A. [raus f. D. Okerson J. L. Jockel. _ . .. . .. . .p
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i e
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269 8 at a totsl oo.t ot $9,402.6'91 Ltlaatos of itstioml Ztport A,isrtisicg Serrf.os, Ino., as follawss Dat+a 19arcn 25, 1953, oo..riag nnnpaper aa..rtisiaa of o2D ooID Ctpi+tas In CuDa dwieg April, My aot! Jws, 1953, at a total oo.t of =3,W.36s Dabed ifsrah 25, 1953, comrii+a spot tradio aQ..rtisin6 of Clm a= Ci.V:•ttas In CUbs, APril tbrww* Jtay, 1933, at a botal aost of $1,322.33. !+nla2 of =3,2k0., DaTabls aoathlr in ad.anos; Sb 8eo=+tary lald bsfoi+ tbs in.tins tbs follwriast iwas- datsd T.brssrf 19, 1953, fYca A. 0. EaY11, for Rooss S04-y0g Calbom: E1IIa., rilrm.apolis, kim:., for tvo ye.rs fro. April 1, 1953, at atota1 .fhinh On aotion of Mr. Paa1c, s.oond.d by Mr. Jsaa, ws In a1.1 r•spsots appro.d, ratitioa s.aa ooafis.•a. On notiaa of Mr. Qsagwr, s.oaodad LT Mr. drdber, it .as smaalao4sl,T ltf30L9m: That"this Coeza:p oontribntb to tb. Bp.oisl Anti.itiss hmd of ths Cooa ros i Iadustr7 Assooiatim of IIrf Iork, for 1933, t3r sma of 45M.00. On motion QLl2J fSdI aaQ MoOOdIQ, tbo sfsti21g &djotamaQ. r / ~. . : -~. :( r f. ' ~.. ~ . L - ~ .. . ~- _.-.. ' t . .. . - . L . ~ , • . 4 . . . , • . . .. . - . . ~ ., " . ~ + .( j . .~ ©
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f r I f . ~.~=.:: •~ , ....r-.-,....-..... -2ss I~F., for purahaw of coal for ass at the Lonis.flls and Lszington plaats of tbs Coepaa7i ana.eaoh bsias for oas year fraa April 1, 1933, umd,.r t.rav aail oooditiona thsseia set out; , Contract, Qated lfaroh 13, 1953, Kth Inpsrial Coal Corporation, Johnsto.n, Pa., for parobaes of oosl for n.a at tbs Jsrssy City, I. J, p1aLt of tLs CosWanV, for om 7sar froft April 1, 1953, U"Adr tsrms and oonditians thsreia Mt out, each of .biob . On sotion of Kr. Ba11sf, s.oonded by )6r. Hoptwll, vas Sn all s+spsots apppro..d, ratifisd aall ooafirasd. . - On notioo daly as" adi wooc3d, ths mstiag sdjourasd. I ,_ Assi,teat 8soe+t+r7. S
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April 8, 19'S3 ts? A=.gala.r sts.tiag of tbs tr..ont:.a Coss+tittN of P. Irorthard Cos/paq ras ksl,d todsJ at the offios ofts CusspnaT, 119 y.st kOth 8tr.•t, Esr Iork.CitT. lbrrs wr" prsssnt Iissrs.s E. A. Lent a. 1l. Oanger H.J.Eell.t I. H. ItiaY - ! J, J. m•cke.il L. Or~sr - L. Jasss . ibd+3 Wool .. 1br. Iant, Cbaitsn of tbs Bos,rd, prssi3sd and t3>s S.oi+tarT aotse as E.or.tarT of tbs asstina. •. Oa aotian duly sads and asooa6sd, the :+adins of the aiaatas of tbs yr~.inw asatina vas Qi.psaasQ vith.: . On aotion of 1r. Hopewll, saooadsd by rir. Jaass, it sas nnsafaoaa2y IiTSOLVICDs 'lbat the action of I. H. P.ak, Tios Pr.siEsat, aaQ a. 0. Da~rl~a, S`t+asn=er of this CooyatyT, in iensving on April 6, 1951, on behalf of this Conpazw, tbs loan asd. JamarT S, 1953, frosi Haalorrs Trust Caapaqt, 3,6 Wall Str.+t, 14iv York, Hsv York, in the sla of Ons Hillio© Dollars ($1,000,000), and in essovting and d.li.rring in tLs naas of this CacyaW its proaiisor7 ncte o.ideaoing said dsbt, b.aring date of April 6, 1953, aand paysbL at said bank alastT-cm (91) ds,rs srco saia aats, •ith iabsast at the rate of 3$ p*r aaasa froa said dat., b. and the sas l.r+tq ls in all s+spsota approwd, ratifiqd aakL ooufir.ra. Oa Notian oS-1r. 0¢a®.r, s.ooadsd Lcr 14r. • Jaas., ' it. Vas imanIaoasi? BTSCL.PED: that the fo2lwit>a etpl07ss+nt. qf SaZeraro; tita the aatbo=i- . / I satiou of the 8e.lss Dept. and !b. ayyco.a2 of,T. Hapev.ll and I. H. Psak, - rios R+sidsats, bs tad the saas Lsl+b7 ar* in au rsspsots approrsQ, iatt- i"t.d as3 ooafi:+sed: . . :•. , . ., a•- a.. ..L.« ~ ~ . •-~ .. ..: .. .. . ~' :.,a._ . /. l -_ ;l .. Lt tbs satf aff tlriotisi . . ,~' , - • .. . Orville v, xooa Lsrv+.k CLar]ss V. Robarts l 65 J.as V. Cbapma ALaaBar 8. T.rsso Is.ranos D. 8aas.n srnc. L. 1.sn Joha J. Ilattisio=+' 33 ~ ~ W4brr3 s. 8uspu 8iohard C. Siitk Jos.ph Y. Btsn®.1 Eilljr B. Btsrart (4 Lavt•rOO. _. 'lYailiage! ~ On s,otion of Mr. Canger, s.oo>si.d tr7 ilr. Jess+s, it .aa tmaafaoos]y ^ ~ l=QLPW: That tbe fo1]avirra saslo7..nts be aad the ssss Ls=.bby at• ta Q all rssp.ots appro.:d, ratift..d aad ooatirspt:- .. ::. ... . 1 t . 7. eopw.u t
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at the 7taa- af: lffsotiw: Ne. York OdYios . . Jas». dor.an 457 Der w•k 3/B/33 MaraLi•t lbsDez.ott r 3/20/53 itosl,jn VeiLablua 50 ' 3/23/53 Jllioe Taas 45 3n3/33 oiQ cold aranoh Tietoria E. CorinBton 42 ' j/19/33 TAMis vad ~U ~~ 63' ' p=al B 3/13/33 Oa .otion of llr. OaWr, .soaod.d bT lEr. f' '.- -o--"`-`!1-, it saa tmaaiaouslT 8?=AID: That the follarinE iaol+aaas ia sa]arT of Balssaan, eaab stfeoti.. tlroh 23, 1953, bind inoid.nt to tbe tsroo of salary aa8reements or to esbblisLsa sa]sryI =ate sohsdnlLS oorrrina wrork usigasats sad in oparatioa of aII establisbed plan of saLr7 inoreases ba.ed xDoe aerit an0./or 7ssgth of serrioe .ithia establisbad =ats raa(gss, bi aad the sar La=+DT at+ ia all reay.ots appro..d, ratified and oonfilsds lroat the rab o!t ib the Tate of: aeo:®. [sapt. $75 per .eek $80 rar wat Zdz=tl H. Jo7al 63 ', JO • ![lBOLPED: '!'6at the rollcving inos•ases in sa]arT, das fo proeotion or 1T reasoa of additiaml responaibilities and being iadiTSdaal writ inoreases ia op.=•ation of an establishsd plan of salary inorK+es baoed a9oa sorit and/or lsngth of serrioe vithin .atablisL.d salary rats raa3es, bs and the ssay bersbT are in a11 respeots appro..d, ratitied and ooafit+bs lroa the rats o?t '!b tbe uab ofs ZfNoti+n: Za. York Oifioe -• _ 'Joa A. Platt : $52 per vooY p+r vooY 3/30/S3 . . ' ' i S7 'ID~+os. pyou~ Doaald s, Colsaoa y2 ' .- ; . • ?l ' 3/2T/33, f I - I y6/YyavLi1JI Dren61/{ - . - I+,/ ~. J.ao Agor4T jt the 8eoratsry ]aiQ bsiore tbe ssetins ffie tollorins: • i I . .• O Co4$aot eat.d NaroL 18, 1953, ,rith ms Do+r cLenioal coaOuq, xialaan, lliak •, rP for Durchase of Prowlene 017001 for ns, at the J.=e.y City, t. J., and L09is.ills, :j., Dla.nt. of the Ca.va~i, April 1, 1953, tbrou4ft Maroh 31, Q 1954, Vhich .Cb On aotioo of Mr. Elac1ma11, s.oonasd b7 lir. IIopr..ll, ws In all re- • N apsots approwQ, 1+tified and ooIIfirsd. •. M
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saM. berab7 ai. ia all rsspsota approwd, :atifisd aad ooafii•asd:• _ , _ fyroa tbs rats of: Lv¢isrilU Dranob Ui113aa L. lIasel !y9 per wsk eaoas J. Dtmpb, 60 • Arnand J. Eas.iaisr 66 • Do7d D. P.tt+ 66 • - Jcssph s.- Bast 63, .. .• Lszisgtoa Saaf Dspt. L:. E. raob.r 63.: 0 To ths iats of:' Zff.atiw: ! 63 Der y.k ' 3/n/S3 63 • . n ; -• -. : • . R 66 • Zo Yi.oonsin 7saf Drpt., Doeald 0. Qass k9 12s 8sosatarJ ]aid bsfor+ tbs masting tts follaviag: 3/6/S3 Agr..astt dat+sd So..rb.r 20, 1W, oith A. D. T. Coa~, scppls.rgtal to sad •syiring oooourr.atly ritb serseasat dated Ssptsnb.r 27, 1930, for sdditiooal lastalLtion aad zaiatsnanos of 8priaklnr Sap.rrisor7 aad Yatatflav Alarm Ber•Los at tbs 0onatp's gioLapfld, Pa. plant, at an iasta]Ltion oLsres of 46kT.iz, vith nniatsnsaos for fis y.ars froa dats sfstat is op's=atiw at a oost of l326.70 Ar anna, *hlzh Os swtion of 1lr. Sellaf, ssoondsd 1y Nr. Jaass, ws In a11 rsirysots appro..d, ratified aad ooei:•rd. _ Oo .otion of 1[r. Eal]xT, ssoonded bpr 1r. Jaass, it ras aasaiaonsly r . - ~ -258 . .... .. . . ..r.~i~i~L'~6Cr.. . dns to p=o.otion or ~ ltL80LYIDi ?hat ths folloviag iao:easss in salary , bt reason of add.ittoeal rsspoasibilitiss and bsing indi.ido.l s+rrit inor.asss ia opa=ation of an .stablirbsd plan of sslar7 iaorease * based KPoa a'rit ~ aDQ6 lpngth of ssr.ios ttithia astsbliabsd salar7 rats =aagss, be sad tbs
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Ql~. !w g 1 a1 457K/1 ~1 ~ . . i . p . . , y p • xdQOd {S h i+ EEII ~ . . . . o • •. K .. • Vvq~S.• ;-tf 5V ~ s 1r ~ ~ Le IF ~ '~ ~ ~~~•r+o,=y V VI~ONVINO WV~V1 p ,. ft . " $A ty s$WAU~uu ~ ~ ~ ~~ ~ ~ ~ ~ .. - d }_ ~ ...•...•.. ~ ~- ~ . ,. . , ~ . , , P J P .
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I_ I w "__ ._ ~. .~~. _.a_.. ._ ~ -..__...... ,. .....~....r... ,...........~... ~ ~, ~ ~..._ ~~, . - .: . y . ~ -•__-__~...~ .:... ~.... ..r .~ ......~.,._.~~ ...~..... Cn noticp af l4r. Ha1.leT, Moon,d.d by W. Gaager, tLe folloving advertising azproditmes, all of Yhioh are a part "of ant vithin tbe sat of .owy aatborrissd bT the Board of Directors at a aeeting b,.ld Oototer.15, 1952, for"an advertisin6- progTass dqtiaa the year 1953, vere In all respeots approawd, ratified an3 oon- tlrusd: . , Zstiaatas of Ieaarn & lisrell, Ioo., as follon: 010, Reriie 1,dated TebnarT 19, 1953, Oo'+er1+s teL*i.ioo advertising Of OID GOID Ci©arettss (spon.orship Cbaaoe of a Llritias), Janmry 1 thzoogh lL,t 14, 1953, at a ooat of $592,941.83; 028, 8aypleasat 2, aatsa ?ebtmrf U, 1953, aosring television advertising of =3MASSY Cigarettes (sponsorship Clsb bba.q), Jaavarf 6 tLroa®h Juns 23, 1953, at a oost of $1G2,Z2o.57s A29, evpplsawnt 1, eatsd Tebrmr7 11, 1933, cover1aS tels.ision advertising e! (TD OCID Cigarettss (spoasorship Tvo for tts uoosy), JaanarJ 6 tnrasgl. 8epts.ber 22, 7953, at a aoet of $1,476,3u•65;• sstisatss Eo. ST 1, Es.. 1, dated 7ebruatry 10, 1953; of To®,g i Rtlbicaat Iao., aosriaa tslanlslon advertising of lC~1T Ciga~ttes (spoosorahip ~S Yeb,, + Jsaoary 4 t2eioa& 13sroh 22, 1933, at a cost of $371,787.C3; Adwrti.si:g 8ab.dul., dated Jaaaarf 30, 1953, of Albert Traok-0n.a Lsr Iav, 2no., Bev Tork, t. T., oovsring ptmlioation of Anasnl Report in flmnoial trnrspapere as tberain set out, at a cost of $25,381.00, Os nDtloe of )tr. 4snSwr, eeoond.tl by IEr. Hopev.ll, it vaa tmanlaronsly 2 F 1W r~s 12at this Caapaavr ooatribate to tba lfew Tork D8O Defeasa luA, mo., for 1953, tbe sn• of Z1,000.00. Ds aotim dal, ss8a an3 seoondsd, tbs setias ad3onro.d. ' i 'l~P seoretar7. - ~ ~ ~.
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11 a ~•stref+~orw~tqia.tpat~s~a.psm~t~ev, pe~,orer~~cara.;.~»s...pa.xsa.t~e~.pa.a~u~pspn~.a.pt~sea~!ca. +o~a..p;rma.a.ac,w~aHrpatpocpoeyc~;edmae;,cp~.rmmc~••tt'"K:°f"i"4'~:''?txor . . ....5. .. . .. ..._ .. .. .. ... . fit" ro 0 w 0, +~o ~j ~ ~~i ~i ~ C a ~'~"p 0 ~p G>~~ ~m ~ ~d ~s~e ~~~ s~ ~ o; ~. .. . M ° ~ 9, . . p . v /-~zi Q•FWNO~W®WOD.7~~M+0~0•WNOol+~~W VODW~PWWGfF•F,frPV CW&aWMpolN1~p+ODWv WPV s ODOD(+a GIODF+ I Pi » M M • .~./S~WVIWOV10V100WOGOV1rpWh+/+VIWOVSWO•V~V~SWWWp.WPV~O~V1COV~CF'WS~WVI~WOO~WOOOW O I 1 - . .1~ . ' . y 4
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. .. . ,. .. . -. -.aa<,aa.. zr.r~..:...a - _ _ . .....`..-,..~...,o.~.. ~Ya,.=..n.,.a...r~-• . . ., ,.. ._. . . ..~-:~.x<•....t _ - _- . . .. . .'. ._ - . 248 sation of the Ba1.s Dept. and the apppro.al of r. Hopev+ll and I. E. Peak, tioa Fiesidoats, be and the saas L.r.bJ are in a11 teap.ots appro.ed, s+ti- liad and ooafirm.di- . •- Albert J. Lsabeeoht Marlss x. asdsr, Jr. Arnold Bsll ssans.l C. ltorst Joha Z. Colhn• Ll].aa H. clovs Zdvard D. Ling 50 - Zffeotivs: Os sntion ad 1[r. Gaagsr,Fssoond.d bbJ 1k. Jsass, it raa smaataoasly 1CiBOtAEDs 'lbat the following oarpl.af.rcts be and tbe sass hereby a:e saoonded by Mr. P.ak, it a.s ®aniaoaslv, 'ltat the iaersasa in salary of tdilliar J. Dafff, Qw to pron_ tins to Assistmt Division }kaa8wr, ftaa the =ats of $66 p.r vssk, to the rate sf =76 per •eek, rffeotiw Kaz•oh 2, 1953, be and tbe eaa. hereby is in all =.- apsots approwdo: ratified and ooaf i=srd, and -- r r0RTM 8=SOL4Os 'lbat the inoreaass in salary of Salsssn, as s.t forth on tD• sb.sts attaab.d to snlA ns6+s a part of tbsss stiautes, .aob rfriatin - to7.iber 10, 1952, being the balwnos of salary adjo+tsnts to bring sal.'sssn within nnr salary range er•ated In ionab.t 1952, aad in aooordesaoe with s; •stabliahsd plan of salarl inoreaass bap.d upon srlt and/or Lngtb of set.lw within alsblisbsd sats Tan*s, be and the sar hereby ara ia all respeots ay'Rw'wd, l+titi.d aed eaaf i:m.d. ,~ : Oa swtim of 14r. CsnB.r, ssoond.d by Mr. Psaj~, it was :maaLooslf. JMSCMTIDt 'lSat the following inoreasss ist salary, due to p=o.otioa or by l.aaon of additiooal i•sponsibilitiss and being indiridnal ssrit inotoasa apvn srit and/or In opslatioo of an stablisbsd plaa of selatf imrea.a based l+rnath of serrioa within astablisbed salary :at. =anb+s, be anS the sar LsrsbJ ar. !a a11 ~spbts appro.+d, ratified and oonfi=.ad: lsee page 249) (I : all =.spsots approved, ratified and aonfirs+.ds In r At the iats Of: =friatiw: H/ York Offios •i111aa x. Otto $7200 per aneza • 2/16/53 Jaa.s A. Orovley, Jr. wek per 55 ~ / Qilliaa psadL 53 2 27 53 Go e 15aSMM7 Jr 57 •- 3/2/53 i rG . . . Dani.l o'i.oan 45 Dolores Ybltini 45 '. . Joaa rAweill ho . Ol.d Gold Beaaoh Zdya=d L. OrimsvalA ro ' 2/26S3 . • IYLrJ f . I4rriai ~9 '. 31253 - tOsitlook Branah ~ Sloiaa J. Siriftt •0 2 3 Oorin. Bbst.ra 4o 2/25/53 Os notion of Mr. 6aager,
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I .. r A A e m .* d - 1+ p eva cpia ae ~.~ea•.~.rccs.~. pt~rN~~e a.;a;dtc'4"M '° 1y °°:' •e s a+ e o . .... .. .. .. ... .. . .... . .. . 004 ~0 '~V°OM, 1y~l~ ~r~ro a >f1•/ClCf ~FO~.afAlV l~71Y •tAt.6. aH00~ N~.A7 N W Y+ ~X. O '~'~ Q~.ty~yy rmmm.~~PFoeI.~ta,+; pt~~y yee ~cpnc Qc p v'S'X"•~~'~s!~ X"ny~S~f sitttyyyC~D rµ`• ~a~o~K,~+'~K,. ~~cf~1 C+tOroCCC+++ 1a-o~~roO~cpao~ ~o a ti M O K '7 ,~ M V 't {p~ r. M 7'V .+ 7 G e6 !p•+ ~ lf T~c' 7:7 •1 r O !+. •l'• T~ tf pr L~ M f+ ~ O b~} • 4 F+•V 'f hp+ 10 fE a 9 7 ~ M ~+ e c f+h•M 46~r s`{ .+o p P.e d 1. 7e •1 .. Gu .. M c• O r •f M .•f M 7 o O p 16 M O/b ~ Y c• F+ 0~ O ~ M c+ w,7 F+ V C/ ~A °~e^ vN° ~ n°1 YS~`° "~ ~ Mr .~yopn s & ~+ d . .. M v -• v N tD N N O~~DC•COO.F~~WWWfr~O.O.WWOOODOoO~OWWWFWWWOOWODWWM•~WWO6WOO~WWOOOupoO~DOUPW~O~WS~M+WWlI~ ~ . , V 4F . ,I ^t O Pr ~ p M A p 0 » .,;,..• . N MWSV1Vl~7SW~Q+~NS~0000f3V1VLVSWaaVIt VISVIV~IWV1VlOV100VlVSO000v & VlGaVSNOWVIVSO ~ . . . . . . • . • . • . . • . . • . . ... . . . . . . . . . . . . . . . . . ..ly M '.'A ..y,•.. • .ii••ii•ii: '.• .••••i•• i•.i 6 ~.6 ••• •••••• •• R
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t 1 N .-. -. . . ;:w ~ . ..... . . ~. . ..,. .. o......a. . _ a+s .NVe..~~.... ..~w..w.1Y~+... 246. fh&, a+ts& 70br'vsrT 9, 1953, Oo*srin8 prodnotion costs of b]..iston hitobhib for 14URffi. Cigars on es Y.b, Jezearl k througb Sspbenbsr 20, 1933, In tbs sm of $2,408.44; :~ fk88, BopDlssrnt A, eatsd Saamrr 23, 1953, oovsring prodnotton costs of blarisioa hitahIIiYs Sor i@RM Ci~prs on tbs Web, &o*sob.r 23 tbrm* Y Dsceabsr 28 26 .as oLatN.d :b ~La of whioh A63 19~2 In tba ass of #lyj 28 . , , . , 1952 aQvartislna bodg.t aad $92.02 is to bs oLargsd to tbs 1953 tLias Da3ast• - =stiaab ¢8, Hrv. 1, ot 7os% & Eabicaa, Ino., Eatsd ibbroar! '.3, 1933, *over- iag nsrapap.r ad..=tisina of l~f! cipps.ttes In 111aai, Tla., as thasata sst sat, Jaa4ar7 34 tbroogb April 1, M3, at a cost of $5,963.63. . "a 8aoi+taT7 Lat,d bKors tbs ar.tina ffia tollcsiaas . Agr.easat eatsQ l.braarY lo, 1953, vith Staadard Oil Qo.0a07 (Lntnoly) !or parobnsa of oils aad graasss for xwo at tLe Ionis.ilU, J~r. plAat,of tb. canwaw, tor a psriod of oas y.ar lraa)larah 15, 1953, %Odes t.rs sad ooodi- tioos In wt out, wtsl.oh . Qs notioa of Ik. B1.aoYnail, ssooaCnd by /(r. lmi, vas In all =aDsota apProwa, latifisd aad ooafitard. Oe nctioo duly ssds and ssooad.d, ths assatiag adjo In 91" ratat7 1 I • I.
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247 1aroa k, 1953 . Lregnlsr ss.ti:g of the Zbsactiw Cosaittse of P. T,ori]lard CoapaW .aa k Ci hsld todW at tLe ofYios of the Caapatp, 119 vst koth 8tlwt, xsw Zor b. ~._. w=e pe+srnt )bssrs.t H. A. Lant E . M . Gangwr V. J. r..ll.r I.H.PraY : 7. aops.all J. J. B1so1ma11 . . - 7.. ardb.r - A. Jsass Anas F. Yosssmr, Assistaat Ssorelar7 1k. L.nt, CLair.nn of tb. Board, pr•sLd+d and tbs Assis4at Sw1+tarf Os aotioa of *. Hopswll, s.oood.d by 1r. P.ak, it .as imsalaousb Ei8(3AXD: 'mat the aotion vf the IYsoutiv. r1c. Presidant, and the 'heasnr.r of this Co3Wanf, in lemo+rins on wrch 2, 1953, on boh.lf at this the lonn sade Dsosaber 1, 1952, ftoa Chsss Estlocal 8unk, 18 Pins a~ Cc , ~ Etiest, 1s. Tort, ra York, in the sum of Ow liillion Do1L4rs ($1,000,000), and in sxsoating and d.liverin8 in the nsae of this Cos9srW its proaissol7 avbp avilinoing ssid debt, bw.rlnS dst0b of Harch 2, 1953, &n1 PDJsbU at ~' said banY nimtT-ons (91) dsys froa said aat., vith int.:+at at the rata af 3% pp.r aaavst fra sai.d aats, bs and tLs saas he,+bT ta in s11-r.speots ap- . yi.owd, ratiti.d anR oonfir.rd. .. - .. j ' On sotion o! *. Hopswll, ssoo~ by Mr. Psalc, it rs onaniaonslr jEgCdAIDt thst tLe aotion of tbs tssoatis Yio. PrssiE,.nt, and tbs . ?~easvr.r oi this CompanT, in renwia6 on F'arch 2, 1953, on bahalf of this pospa~qT the l,osa ssds Deosab.r 1, 1952, fr~ ~rs 'Prust Cormtp, 16 Vall . , Steaat, xaw iort, If.. TorY, in ths sua of Qw 3lillica Dollars ($1,000,=), - ` and in sssovtina and dslisriag in the ness of this Coanawy its ptodssort IJ aoLw a.tdsnoin6 said 8sbt, bearing data of 1'arch 2, 1953, and payable at said bznlc nimetT-oos (91) Qa,7s fr4 said date, .ith intst+st at th. rate of 3% Dsr a.zant $cs said dsts, be and tbe css hsr+b7 is in all rOrP.ots ap- Ro'wa, sssu y.a a~ wai ar~a. O r.9-- v-71 rwn..A-A 1- 1L. A.Ir_ 1l.w nn.wl~.lW 1Mb aw-OLinm: That the aotion of tbs hsoutiw Yio. President, and the ?r.asvrwr of this Company, in :•asvina on lSercb 3, 1953, on bsialf of this 04' all CoavsW, tbs loan m3. D.o.ab.r 3, 1952, $oa Bank*rs $ast OoetimW ~ ~) dtr~t, isv York, Ss. 2orY, in tLe sia of One .}4illion Dollars (#, , , 4h s,ad in .z.octios and dnliwrin6 in tbe nss of this CospaqT its proai..ory Qj stits ..idrnoing said debt, bearing date of )faroh 3, 1953, AuA DLyabU at saib bant nin:,ty (90) days froa ssid dat., with intMst at the iats of 3% psr amna trm said Ests, be and the ssas Ls1+L(r is In all rsspsot. apprond, • aatifi.d end ooofirmod. On wtion of Mr. Csng.r, soomd.d by Nr. Jsass, it vas umsniaous],T IMSMPm: lhat the follorin6 .nylof..nts of 8a3,.san, rith the ant6ari-
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,,,~. ._ - --
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~ ~ .....:....:.:....:.:..:' ~~~t~ ~ .. ~ i s M ~ ~ .....:..::.............. a.i ~ NR R p A p R R 043'74248 .4 1; ~ ~~
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r f 242 Zlbsrt A. 8aeard Ho.er V. Hulss T4addens 8o rassinaki Qillias IeEor Lightfoot .Doaa]d J. /hrtin • , fyea the =ats of: ib tha aaa oS: ~ per +eek $60 par ~ek n ' .60 ' . YS . :.. 60 Oo .otioo ad Mr. Orabsr, seooaled by Mr. PPSak, it vas tmaaiaona]y 1OLSOMM: ftat the inareaa. In salart of Paulins Z. Holabaa, ssploy.d at the lfev York Offios, froa the rate of W per vesk, to the rate of $51 par vsek, effsctivs FebruarT 23, 1953, due to promotion, be sad the sams bsrsbT is in s11 resp.ots approred, ratified aad aoafirmed. On sation of Mr. Ysek, seconded by !h•. Blaolmall, the folloving adsrtising azpenditars, ahich is a part of and vithin the eua of sioney authorized by the Board of Directors at a meetiag hsld Ootober 15, 1952, for an e4srtising aoa.. publioity progeeua during the year 1953, vas in all respects approved, ratified I/arch 22, 1953, as tb+eseia set out, at a cost of $368,790.03. 'ms Seorstary laid before the eeatiag the follortng: Zstimte 1T-1, dated Jamiar7 30, 1953, of Tosmg & 8nbicas, Im., covering tsls- vision advertising of'14M Cigarettes (sponsorship The Veb), Jaauar7 hth tArough sad ooatirsd: Iwass dated Jawary 20, 1953, froa plaaYinton Baildirsg Coape.qT, of rooa 5129 Plaakintoa Bldg, Hilvaukee, Vis., for ose iear fron Maroh 1, 1953, at an anDual rental of $978.00, payable aonthly in advance; Agceement dated lebrae.rp 9, 1953, With Tide Vaber Ilasociated Oil CompnW for putchaas of 1u'Drioating oil a.od g=cases for use at Btohmond, Ya. and Iaaoaster, Pa., pl.aats of the ConpaW, for a period of one Year fros JaauarY 1, 1953, under haras anl oonlitions therein set out; approved, ratified and oonfiss»d. . each of vhioa . . ;. . . ~ . On notion of Hr. Jaaes, seconded by Mr. Blacknnl1, .as in au r.sp.ots Oa totion nu1T nado aad seoonded, the neeting adjourmd.' y,~ . . •A1.o. Doatlas A. ftl1.t. Paul Y. Pattarnoe ob.rt Ti.ff.ubscl Ra7wnd s. T111.ry Q.rald T. T.i11.Q •illsrd C. fayoott Aaa fiaslo. Jars A. Younger I .d0 U :
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.. , .. . z4s - lebroary 25, 1953 . A re6ul.ar s+seting of the RxsoatiTO Cosaittsa of P. Lorillard CoaDasp aas LaLi today at the offioe of the CcspaRy, 119 Yest kOth Street, New York City. ..ft!ra wr+ present Kasars.: E. A. Ssat E. K. Canawr Y. J. Hsa11e7 T. sopsw1l Z. E. Peak J. J. 83a4ma1l L. Jaas Todd Yoo1 • Kr. Lirnt, Chairsaa of the Doard, presided and the BeoretarP acted as Qeoratar7 01 the msetins. • On aotioo duly s,ada and seoonLd, the readisg of the sdautes Of the rioas ssNtins was dispsnrd with. on notion of W. Oangar, seooodad by Kr. Peak, it Was :maaSaoualT - ]MCLVID: Sbat the action of the Szsoctiw Tioe President, asMS the Tteaaorar of this ComqxtV, in rsanriag on 7ebroary 2k, 1933, on behalt of this CaspasQ, the loan esde ioreaber 2k, 1952, from IIational City Bank•of !!rr York, MLt Btreet and Broadra7i X+v York, 3Sn York, In the sia of One H1111oa Dollsrs (=1,000,000), an! in exusantina aad delirering in the naas of this CoernaW its yrodssort nots eridenoin6 said debt, bearing data of Tebrasr7 2k, 1953, and payable at said bank nias2P (90) da7r from said date, vith iaterest at the :ata of 3% per aaatim from said date, be aaa the sasm h"bT is in all respaots a•D-ro'++3, ratitYed and oaatirnad. • - On notion of lr. Caaser, ssoodbd by Kr. Peak, it vaa imaataoasiT 1MCLTaDs '!lfat the action of the tssentive Tios Presidesit, and the !'rsascrer of this Coa.pasp, in resawin8 on 7ebrmr7 2k, 1953, On behau of this Cbs@azy, the loan ssde foernber 2k, 1952, from Iatloasl CitP Bank or T.m Yor1c, llst Btreet and Broadray, Tw* York, Nov York, in the ssa of One ttilliaa Dollara ($1,000,000), and in e=soatiag said deliwriag In the naas or this Corpasq its pronissory noa evidencing said debt, bearing date of Tebryar7 24, 1953, and ~ ps~7able at said bank ninety (90) days from said date, with interest at the ratr I of 3% per saasas from said date, be and the ease berebP L. In all =esysots li aDDro+ed, ystifiad and ooatirssd. } On swtion of lk. Gaspr, asooodad by W. Peak, it Yaa -iaoosly ~ ~60ZV~s ibat ths aotion of the Z:osoativs Tioe Presidant and tLs 1 ' $+aavz+r of this Com@asp, in rensYiag on Tebraa!7 24, 1953, on/bahalt of tsia Oostpasp, the loan a+ds IIoreaber 2k, 1952, lr= Cbeqioal 8r-nt•i '$aat Caapasq, 11 Yest S].at Btr»t, New York, New York, ib the saa of Oa. Killica Do1]ars . (#1,000,000), and in earcnting and dslinrina in the sis of this CosSagy its • praaissory not. aridreoin,s said Qsbt, bearing dats of Pebrssrt 2k, 1953, &ad O psyable at said baak ninety (90) days from said daa,- vitb tat.rest at the =ats of 3% ptaama from said date, be and. the esss LsrebP is In all respeots (W approved, ratified and oocfirmad. Oa aotion of Kr. GanSsr, seoooded by in. Aa1c, it raa smaataonsl,j. llS80Q.?IDs Sffit the aotiae of the Zosoctira Tioa Prasident,and the r
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:. ._ .. . -.__ . . ~: .... . _ ..,-. ..:...~.._._:.::...r..: • . _ . . . - ....~>. ..on•ss.~.?s._.... ~.-...~- .-us.r~n.r.v ir ... .~...~.A sebroary 18, 1953 A regular ating of the Ensovtis Comittee of P. Lorillard Cosfpaq> >ras bsld today at the office of the CompaiW, 119 West bOth Street, 3ev Tork City. . . ~ . m" wio pR+s+snt lfssars.: E. lt. Gen6er Y. J. Ha11e7 I.H.A+ak J. J: Blaoknall . L. orabsr .. 1. Jaaes ibdd Wool i In the absenoe of the Cbaiaan of the Board, Mr. Cnnger, p4esidsnt, yresi.asd and the SeorsterT acted aa Ssoi+tarP oZ the asetina. on aotion duly ssde and ssooodsd, the r.aQin6 of the ainutss of the pi+.ivus asetin6 .4e diLpeased vith. On notion of Mr. Jbaes, asoonAsd by Mr. H1aoYaall, it Yaa naaniawsly ~SO'DP~: mat the aotion•of the ftecuti*e Pim President, and the Tceasv4+r of this CoKpazW, in borrowing on Tebruary 11, 1953, on behnlf of this Oc.paw, froa National City Bank of Feo Tork, h1at Stteet an1 Broadv.y, Ber Tork, Is+r York, the sm of One ltillion Dollnrs ($1,0D0,000), and in executing and delivering in the neas of this Ccoiaaq its proaissonr note eTidenoing said debt, bearisg said date and papabU at said bank nimtP (90) days frm said dats, with int.reat at the =ate of 3% per annm fro. said dats, be and the same Ler+bJ is in a11 re- apeots appro.ed, ratified and ooafirmed. - On notion of ![r. Jaass, seoonded by Mr. Blaoknal1, it .as manisooaly R'dBQLYED: Tlmt the action of the Mcsonti.e Qioe President, and tho fizm.d. On notion of )tr. Psat, seoand.d by Ht. A,•^t,,.,l, st ..a -aaiDOUS1P - , . $e~ of this Coapaq7s in renevia8 on lebraary 17, 1953, on behalf of this Coosyany, the loan sads+ IIosenbsr 19, 1952, from Manufactursrs 4rust Co.pany, n Broad Street, Aer York, Ssv York, in the sm of Ons Nillion Dollars (a1,000,oo0r, and in emoutiag and delivering in the nnaa of this Co.pany its proaissory note - atiEsnoing said 8sbt, bearing date of lebrMr7 17, 1933,•aad pqfable at said bank . ainstJ (90) da,Ts frm said date, .ith intsrest at the rate•of 3% psr ann® fr4 said dab, be and the sam be=ebJ is in all respects approved, ratified and oon- itSSOLYSD: 'That the following e*ploJasrnta of Division Ilanager and Balesmsn, aith t6e authorization of the 6ales Dept. aad the appro.al of Todd Wool an0 I. H. Pesk, Vice Presidents, be and the saas Lr,seb7 are in all rsspeots appro..d, =atified and ooslf irrd: t•rbsrt C. Goldstein Jaass a. Haddsn -Robert C. Basson ni D . Hull . , Mrard J. ltallnaiaon 1= Z. itonk Sddis A. lbrriss aiohard 8. Orcutt At the =ate of: I =ff.oti..z $]23 per v.ek . . - 2/16/S3 . . I
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---_-- ' ~ `~ . , 241 At tb s rats of: Ztf.otiws i Ifsrs7 L. Parbsr $55 Imr ser . 2/1~6/53 Eir3ard A. Passamsi 55 . ' Charlns Z, Scbell ~ 55 ' Donsld 8. Wta 55 f7 Jasss L. ivrn&r isrs H. Yilson 35 ' ' : 55 ' On nution of lbr. Psat, woaad:d by Mr. Bleamall, it ias ansaiaouslr , =dLYSa: Y'hat the SolZoring esploJarsts be aad the all s+speots appravsd, ratlfi+eQ and oonfiissds Zs+r York Offios lbrina Castioni Ossoa Bingleton Loais 'irisiaao Patricia lfoore aosssr7 Bchirissi Lrry Lvrnenta toDer~, tlsci~Or~~ o.orB.aaJ.4Uos1Sf lemnller Alios P. tosireski Loais~i.lls Branch l47asrd H. A1Len Dolar•s A. Bsndy . Oa ssotion of 1(r. detDer, ssae hsreby at+ At ths =ate of: Zft.oti..: 445 per v..k 2/17/53 65 . 2/e/53 Sf ' • . .. . 43 ~ •o - --- 3 3 so° 40 iiiiis~ 2/9/53 . 39 2A/53 0 5 / - 2/ 3 9 f 53 •8.,o psr .eek 2/11/53 lo p.r veek 2/10/53 seooaS.d b7 16-. ibak, it .as unaniaausly in 71'i8(II.11EDS That tb+ folloving iacreases !: salarT of Salesirn, eaoh .sdriotiw ?sbrssary 16, 1953, being is,oid.nt to the tes~. oi sslsrr agt.srnts or to establishsQ saL>7 rate sahsdoiss oo+r.ring vork assigrmnts and in op* =stion of an establisbsd plan of salsrl inor+aaes baaed npon Bsrit sad/or lengtb of servioe Lritain established rate ranvs, be and the saas hss,etq a=. In alA respsots ayyroved., ratified nnd ooaflrrd: ?raim the rate of: ib ths rits of s ` L Bc! C. Broro $79 per eesk Jaok s. osntrt r58 ' Lrl B. Psrbr 58 ' 2osemary Spessw, r,r 58 - ~ Biabara K. 'hnb. 58 ' sich.ra Cw rsyn.. as ' so - s4mana A. romtaao as ' so • la7aonA J. tlirph7. Jr. 55 Tbosas P. O•Connor 33 ' io • .7r+aerink L. Hsyas ss - 60 -. ~ 0 0 David s. arirrin 55 ' 60 - Yi]lissi C: Harrod 35 - 60 : Barbars L. Bnno=ott yn ' sEsaid 1. Bars,k 35 ~ aass 0. Qhristian ys- - ZQrard S. Cons 53 - 2obert H. Davis 55 ' Bi7.],T B. Duass 5S - , .,:,. ,•.
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$ ~ ~ A ~ ~ I If~$s~~~$~s$s~$ss~ ~ ~y~ •••••••••••••.• w ; ~b~•.n • i• g«~^1%k' ' UN " 44 gg ~ ~rp f a a~~wo p~rC ~ir+ ~~~•yybC . ttt!!! ~ ' . • P : ~ d ~ ~~aP:Q~r~~ a ~ ~ ~ o R l8 ~ ~ . ~ ~c '~,,,dfC- l11ll r ts ~ 1 d ~ ~ . . ,~ a. 6 ~ O I ,°'iev ::,:: tt a,e : u+e;~re€aaeeetc .•+:~s . A r ~ u ~ 0 ~~ • ~ ~ G' L,* . F ~8 a r .V A•~ 9~~ a j M ~ .~ 8w4 a ~ w 4+ P tl ~ D i O ~ ~ • rr 11 • 6 s• ~ %ajl E go ~~: i I K go g,tQtQtQtttfff ~, ~ = w O w r wprr rr p A 1'.
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" 239 1953 edition of the Internstional lfotor Sports Show aaassia., at a cost of =S3o.00. sstlaats dated JanuarP 26, 1953, of Ratioaal ]Gsport Aa.ertisiag Ser.i.oe, Ino., Aev York, !. T.r ooa.eria8 fol+i~ ns'rspaper aQ.ertisiaa of ~ASE! Ci~tattes, FebruarP • through April 29, 1953,•as thsrein set out, at a oost of 41,536.4k. n 4hs BeeretsrT laid bsfoe+ the meting the fo11orin6: Eens.al dated Jaasary 26, 1953 of oontY+ct vith Dun & BY"eti+et, Ino., for subsoription to oowr booh seryioo and repvrta for the Sea York Offioe of the Coepany for oma year froa Haioh 1, 1953, at a oost of 48,325.00f Leaw dated Taasart it, 1953, and l.ttr.r attached dated January 3D, 1953, Yra ?iahqaa Realty & Coostrootion Co., Ino., of Roo.s 807 and 808 at 120 Yest 42n! Btreet, a.+1 York, a. t., for fi.e y.ars e.a3 elevsn s+ootlls fraa )fsroh 1, 1953, at an ammna1 rental of 413,000., yqabls in eQual sonthlj installa.ats in a3.anoe, aadsr teran aad ooeditions tberein Mt out; Lasa dated Jaamrr 16, 1953, fra. Union Trust & Dejweit oo.pa,w, Ag.nt, of Eoca 515 Union Trust Bnildina, Perb+rsbarg, Y. Ya„ for oae year f:on Ilaroh 1, 1953, at an aaaval reDtal of $312.00, TwTaDls acntb]y in .dranoe, .=Ar tesas aad ooaiitlocs Wetain art out; - s.wes dated Jaauary 19, 1953, hc. xillsr Brotbers & Co., Agents for liaeonio Te:pL Assooistion, of Roaa in Nsaonio TeatDU Hldg., 8arrisbnrB, Pa., for one Y.ar fras April 1, 1953, at an aaaa.l rental of 4360., pa7abLs s,ontb- 1r iII aQv6aae, mder ters ead ooo31t1oos thereiII Nt out; , baas dated TebranrP 1, 1953, froa Riobard N. veightsa,•of spaoe In baild- ias at 3231 Yest 6lencaYi Bld., f3]sadale, Calif., for one year Sro. lebra- ar7 1, 1953, at an -1 rent+l of $8k0., pqTabLs s,onthly in ad.ance, nnder bsrs~e aad ooaditims tb.rein set out;: . ~ I ~-_ ~ ~ On aotion of /(r. Hallpr, .eoonl.d by Mr. Oruber, ws in all respeots aDDror'sd, ratified aad ooufir.ad. eaoh of .rhioh, • On notion of )Er. Vool, seoaodsd by 1(r. Orid*r, it .aa ~afaomlj. 1L1SdLYZD: a+at this Ca.;-W ooatribats to'!be Salvation Ar.q, for 1953, tea ssa of $500.00. Cn aotion of xr. Sa11eP,soooaea W Mr. sl.olmau, tt ras mn.ni.onsly . • O I for 1953, the •m of #900.00. - • ~ on notion anl,jy ssiae e.od seoeonea, the ,..ettns aajournea: , =MQUD: Shat this Co.maqf eoatribab to the s.. York IIeart Toodl pl I Qeorstars . ~
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.. . 7etaus,rt 11, 1953 L regnlar aseting of the I=onti.e Catittee of P. InrilLrd Compaip - _ City. . • • . w hela.todaP at the office of the CoscpatyZ, 119 Vest kOth Street, Ife. York '1Lsre wre present INsars.: E. K. Oanger, ii. J. Ball,er J. J. Blaok-11 L. Oruber A. Jsnss _ • =ud4 Voo1 . - In the absenoe of the Cbairssn of the Board, Hr. C.m®sr, President, presided aad tbe Secretary acted as Secretary of the sseting. ~ p: sotion dn2y aade aad seooaded, tbs reading of the minntes of 'tLe previous aseting vaa diapensed.witb. , Af s»tian of Mr. Grmbar, seconded by Mr. Jass, it .a.s m:aataoaslP tmaume qhat the action of the Exeontira Tios President. and the .'$.ascrer of this Cospafp, In borroring on TebraarJ k, 1953, ou bobsu or this Ccs:panf, froa Chsioal Bank a~ad ir.ut CompaaJ, U Vest 51Lt Street, Eev Tork, J.r York, the sns of One Killion Dollars ($1,000,000), aad in executing and delivering In the aar of this Compatp its pro.issory note evidencing snid debt, bearing said date and payable at said bank niaetl (90) days fro. said date, with interest at the rate-of 3% per aamaa fraa satd date, be aa3 the paim he=ebCr is In all respeots appro.ed, rstified aad oonfirasd. _ Qn ac>tion of 1(r. Oruber, swondsd by:Xs. Jeass, it .aa tmaniaonsly approved, ratified aad oocfirsyd. the rits of 3% per annua frm said date, be sad tbe ses bs"bT is =n all resysots paJabla at rid bank nin.tJ-ons (91) deqs froa said date, .ith interest at proaissorJ nobs evidencing said debt, bearing date o! 1ebr'Oat7 9, 1953, =A , (=1,000,000), aad in exsoating and delivering in the nar of this Co=panT Its tp r In tbs ss: oi One 1[111ion Dollare Zork 1ji0 ~ ~ BroadMY Fev Zork F.w Zork 10 1952 fra Guarantr Trust Coapa~ of IRr C-a tba loan stade Ho.enbs h.asnrer of this CogatV, In r.nering on lebtoarl 9, 1953, an behalf of 'this S80LTBfls T''hat the action of tbs Emsontiw Tio. President, and the RMUTID: Shat tbe action of the Ixsoative Tioy President, aad the 'h+asurer of this Caspwy, In renseing on T.br-r7 9, 1953, an behalf of this CosgnaQ, the loan mde lfovembsr 10, 19~e, from The Cbase aationnl Benk, 18 Pins Strost, Bsrs York, Esw York, In the sum of One )iillion Dollars (l1,000,000), sad In executing and delivering in the nnme of this Ca.yany its nrossis.or7 nota - e.i8snoing said debt, bearing dsto of February 9, 1953, and psyabL at said bank ninatT-ons (91) da7s from said date, vith interest at the rate of 3% par s.ms= fram said date, be and the saas hereby iL In all respeots aypro.ed, Tatified and ooufitmsd. . ~. Aa sYrtion of Nr. 4rnber, seconded by 1lr. Jeass, it .as naaaS.~ons1J . i • . , . On motion of Mr. ordber, seconded by Mr. Jssss, it vaa :mani.ous71 3i8QLTID: Rbat the action of the fiaonti.+ Vice President, and the this Ca.panT, the loan sads io..absr 12, 1952, fraa Ouarant7 Trust Cos{paW of 'l4easei+r of this CesipanT, in iensving an tebrmrf 10, 1953, on behalf of
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237 1ev York, i4O SroaQvsy, Zs+r York, Her 7ork, in tbs sia of Ooa llillion Dollars (41,000,000), and in ezsouting and deli.ering !n tLe naws of this CoayaqF its prassissorf note e.idenoiag said debt, bearing Eate of Febrnarl.1O, 1953, and pq7able at saia•bank ninaty (90) days froa said date, .itL interest at ths =ats of 3% per annusifrom said date, be and tba saas bsreb7 is in all rssyeat@ aPProved, ratified aad oonfirmad. . ' On notioa of 1lr.. Blaokna11, esooodad bF 16: . Ornber, it ras tmaalaous3J • reepsots appro.ed, ratified and o9aftrsrod. at tDe rate of 3% Psr aanue lro. said date, be and the sas Ls=ebJ is ia a11 1953, and pepable at said bank niastF (90) days froa said date, rith interest CatpanT its promissory note evidsnoing saia Cebt, bearing date of FebroarF 10, Ca.PaW, 11 West 51st Street, ffe. York, !s. Zork, in tbe su, of A» Jdl11Q.. Dollars (#1,000r000), and in executing s.ad delivering in tba nsas of this fhis Ca.uan7, the loan mde Zoveaber 12, 1952, froa C.hsaioal Bank and Trast On srotion of *. Gruber, ssoonisd by Mr. Ja.,ss, it.vse mnni.ously RUMVM: That the aotion of the Eieontiw Yioe Pt+eidsnt, and tbo 14easRe+r of this Coapeay, in renewing on Febrffir7 10, 1933, on beLalf of is in all respeots aPDrove a, ratifisd and oonff,tsd: . Zssoutirs Vies Pkesi6ent and Todd Yoel, Vioe FYesid.nt, be and tDe avs Le=etq and Clerk, vit3 the aathoriution of tLe Sales Dept. and tLs aypro.al of tLs "IXSOLYZD: 'lbat the follvrinQ ea@l.of.ents of EaLsm.n, Yarebous: Aakers sQwaid J. BaoLmn, Jr. Thraeu P. Coleaan Herbert IlqQuads Ieon C. Chsrlton Zobert J. Dsnia1 Jchn J. Ds Sautels Jssss 9. ?oust thasse I. 4alanti Jass D. VioCart.r Jer27 O. ]3eeoe ,~J'.' AatLosr T. Rea1a I John s. 8ba* - Ot+gS H. Weiss Sbals H. Vileon ' . Joseph F. Petso.ioh VeIn~it..r '' OeorBis J . . H1eLs:d A. Otto ; _ eOo1lLags studsnt, ;1.00 ysr' hr. for 40 hoiCrs . Al sDtiCn of 1(r. Blaolnall, At tLa rate ofs =ffsoti;a ~ pet .eek 29/33 • ,63 0 SS . ' . SS . ~ . 33 . S3 3S . . . ~ n ~.  . ~ R . ~ •7 . ' 40 b . -2 9/ 3 ho per s+ooth+ 2/23. r
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234 - L Healey Building, Atlanta (antborised representative of The Corporation 'iSNst CoapasW, 120 BroadraT, aev Tork, Bsr Tork), aad the dssignatioa of fL. aKsnt Lsz+tofore mds Ss Lereby rerokad. On aotioon of Mr. Halley, woonead by Mr. Psak,'it vaa :maniaously EZSOLVED: ftat this Company hereb7 aesignates '!bA Corpo=ation Trust CoscpatY, Ino., vhose post offioe address is Ro. 10 Ligdt Sti+at, Baltiaoee, IIarTlaad, as the resident agent of this Company in ths State of Kar7land, for ssr.ios of process in the Stata of }Krylsnd, and ths dssignation of tba a8snt Lsratofors aeds is hereby raroled. os aotion of Kr. Ha11s7i ssoonrUd by Kr. Peak, it ras nnaniaoasl; RWOLVED: TLat this Coemany appoint Darid K. Donlq, whose bnsinsss addaess is Corporation Trust Company S7stes, Union Caa.ros 1hcildia8, ClswlandL, sa the agent of this Company upon vbon proosss against this Company mT bs served in the Stats of Chio, and the designation cf anT agent for the service af proo.as bs*tofos* aade is hereby revolosd. : TORTM BL5CL9m: 'lbat this Company hereby oban~s tby location of ~ its prinoipal office in Ohio fra Klddlstonn in Butler County, to Oaion Oo,eros Building, Clenland, CWahogp Coumty, 0110. On slation of Mr. Crabsr, seooodad by l4r. F'sak, the following adsrtiLind asptnditrra, all of vhioh are a part of and within the sia of aos»T autbor- . . isad by the Board of Dir•otors at a s,seting La1d SsyOeaber 19, 1951, for an • ~ advertising p=oglaa during the year 1952, an3 Ootobsr 15, 1952, for an adsr• . tisia8 DswBraa dDrinB the 7ear 1953, ~ In all raspsots aypro.ad, ratitiad sad oonfi=sds • =stiaatss of Iannsn & S.wll, tna., as follows: J450, dated Dsoeaber 29, 1952, oowrina spot radio advertising of OIa 60TD CiBsrsttss (Jobuny Aabrosa Sportsoast) over Station irP11O, Yoroastsr, Ksas., D.osabar 29, 1952 through Dsosa<bar 25, 1953, as tLsr.in.ast out, at a total sost of #12i313.08, of which $157.86 L to be oharged to tha 1952 adsrttsins _ bodat aaQ i12,73's.22 to the 1953 ad..rtiaing badget,• {45k, dated DaossAsr 34, 1952, coverina television advertising of C8D OOID CiPrttss ('spoasorship.'ti2usen for a Dsy'), as tA.rrein set out, Jaaaary 5, 1953 t~~ J~~1'7•1,.195k; dt a t+otal cost of 4ikT,~•, of tihiaL 41A7,112. Zs to be aharllad to the 1953 advertising budgat and =568. to tLa i9~ adsrtisins Dndgat ~sn adoptsdj / r ~~, dated Janm17 9, 1953, ~r~ oosts !or Ksdison Squar. Cardsn taLsoasts aanoanoer aad trT-onts for annocmosr on bls.is.d 'Club hbasq,' advertising XxB1SST Cigarattss, at a total oost oL44,19T.50i - : . ,t #451, dated Dsosabsr 29, 1972, 00"rinB 'sPot radio advertising of CID COiD 0 Cigarsttes during tiss-sigoel aUDOU000snts In Indiaaa, Jansary 1 through nao.ab.r 30, 1953, at a oost of #i5,6o0.s ~ #152, dated Dsoesber 29, 19T, eosring rsdio advertising of CSD OOID Ciaprettss ,A ea nsrsoast onr Station WCII., Buftalo, 1. T., Jaamrt 1 t~rou~ Dso.ab.r 30, 1953, at a cost of 46,70D.i N satiaatss .aoo..rZns :ias adsrtisin6 of CRD OCID Cfgaretb. durina 1933 c1- ~ aa follows: -- - 'r•r
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235 039, January 12, 1953, oroosrt aad drug .ag+sines " ,510.~ #4i2, January 9, 1953, ~cal pnblicati.ons 15,161.12 FA3, R•.. 1, Jan. 8, 1953, Religlous publiaations a,j01.91 #449, January 9, 1953, Qsnd aaBe:ia. 1,932.yG fk56, January 9, 1953, Indnstrial Estail Btores Wgsla. 625.5/ A57, January 12, 1953, Colls®. Store aom:ias 3C7.28. satlsabs #458, dsted January 12, 1953, oover1:+B adwrtising of lLB;Ia. Cigars !a tb. Qusrtersnstsr 8.riw, Qgriag 1953,-at a oost of =1,130.98j I Zstiaatss of lfntioodl Export Aa..rtisitg Ssrrios, Ino., as follows: - 1•dsioa datsd January 6, 1933, of .stiaats dated B.yteab.r 2, 1952, oowrias sssalias aamti. in Italy of D0~18.4t Ci~r•tbs, January theoi+8h Jmns, -1953, at a oost o27,~7.~: . =stisats dated January 8, 1953, oovertsd advertising of L4D Ooua Cigar•tt.s !a 4rw i Air Toros Tiass, Yaoifio & Esropsaa SditLans, January t1trocgb December, 1953, at a total oost of $6,350•40. . "s B.orstars laid bsfoe. tbs rstiaa tbs folla.iaa: 1 Las dated January 9, 1953, fra. 813.:y B1,da.,-Ino., of ltooa 223 Bidvq Bies., D:drilo, 1. T., for tio lsars fraa lY7 1, 3953, at an ammial rental af 41,080•, ps?.,bL aonthlJ in adtnaos, .diAh
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~~ 232 , f~; . _ .. CaapdnT, U West Slst Street, 3e+r York, Z.v Tork, in the snm of On. 1[illion yc; Dollars ($1,000,000),.and in executing an3-dslirering in'tba nas of this y Cosspany its proaissory nob eridenoing said debt, bearing date of lsbraar7 k, at the iats of 3% per aanfla froa said date, be and tha tase hereby is in all laspsots appro.ed, ratified and oonfirmsd. :. 1953, and payablA at said bank n1nsty (90) days fYbs said date, with intsrest On aotl.on af )k. Aak, saeon8.d bT ltr. BlaoYaall, it .as umsaiaausly 1CESCLUD: That the action of the bosontis Tios Presidsnt, aad the Treasurer of this CaamntV, in l+neving on Tebrnart k, 1953, on b.half of this CosyanW, the loan asds Iforember 6, 1952, froa Ksnafaotur+rs Trust Co.paqT, 35 Broad Stiwt, lisa 7ork, lDsv York, in the na of Cae Million Dollars ($1,000,000), and in sxeonting and deliwrin6 in the nar of this Cosrpnnf its proaissort note sridenoina said debt, bearing date of ZebruarT k, 1953, - - ...~,._.-,. and p4Tabls at .aid bank ninaty (90) dsTs fraa said date, vith intsiest at the rats of 3% per anma froa said date, bs.and the ssae hsieb: is in all - =aspsots approvsd, ratifisd and oonZirasd. Cn aotion of lbr. Ball.ey, seoonded by llr. Orabar, it wa tmaniaaos],T 1CSCLTM: 4bat the follvaing eaplqrnts of Salssasn, with the anthorisa- tion of the Sales Dept. and the aypro.al of the Mosonti.. Vice President and I. H. Peak, Tios'President, be and tbs seus harebt ara in all respects ayproa..d, patified andd oonfiraeQ: uI6n $10M ^ . Domld J. Cronin ; Xdward B. Ctnan a+atiazd D. Bals7 Jaass L. Barty ~ ,. .-.xo:.orRC.~_.-. ....r- - --....._•.c...~..~...... -a.......]ecs..A..va.a4mS•.~+..K.._.:...»...e:. : ~ . .. ` 2dwrd L. Highti .1r. - 2ffeotin: 2/2/53 . . . -'On syotion of 11r. Ha12.ey, sseoods3 by lbr. oraber, it .as mmaiaoosly - lI~SCQ.TID: That the following ewylorsents be aad the tar hr=.b,T are in all respsots ayprowd, ratified and ooIIfir.nd: At the rate of: 2firotiwt •kr York Cffios 7erns Tabis Sarold Ore.n' Zor.a OsinaL A11an Lorin . ltnth Tolts 2ernios tosiba ~ ~ •., =dna Ca.t1s - ~ Li11Ssn Eag:n Old Gold Branoh t.. x. Brtima Qrthnr J. ChadB.rtan Vbltlook Btanoh Gladys B. 8ushs s ~83 per' ..k • 1/~9/53 . 3 . O . . • 2/2~33 ~ _ - • .6S .. ~ .~ ;. ~ . . 2/3/53 . .~.......~~~ 1/rr 3 ~8 53 1/13/53 . , ,~ .
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!. ' OII aotion of 1[r. SaileT, ssooaaad by 1r. Fwat, it nas tmanis+oosly lOCSM4ID: In oosplianoe with the provisions of Seotion.192 of Title 10" ` of th' Code of Alabnsa, 1940, sad 8sotion 232 of the Constitction of Alabaaa, ; 1901, p. Lorillard CcsQ,nny, a corporation- or8anised Tmder the laws o•f _ the Stnts of !!aw JerseT and having its prinoipal pLsos of Dnsimss in tbs Cl%r of Eew York, State.of Sa. Zork, aad having presimsl, filed a oertified copy -of its Art2,:l:s of Inoorporation or Assooiation amGer the ]avs of the Stats.. of 1w Jerw7, In ooolianos vith the provisions of Seotion 192 of ?itL 10 .. of the Code of Alsbam, 1940, hhereby revokes all previovs desigvati,oos-aad • appointasnts of agents and designtes as its knorn place of basinsss in the ,Q-" - Btste of L1aDsaa, 717-20 7irst 3tational Bank Bailding, In the CitJ of ltost- ~ tasrp k, County of lbntguosT7, aa3 its anthorised aGentB thereat, Fred 8. W _ Dell, Jr., Riahs=d A. Ball (authorized representatives of Sbs Corporation ~ Trust CosGaaf, 120 BroadsaJ, aev York, 3e. York), an aho., as suoh agsnts, ~ ser•io. of process ssW be mds aad all 1e®al noti.oes srrved for"all Ahs • parposss oontesplatsd by the Iaws of.the Stab of AlaEaaa ana hs=.t0 ra.obs ~ aad annuls the appointmnt of Y. J. Rohm&r, Of the City of 1bntVo.arJ- ln ~ said Btab, as such agent for aav pArpose .bsts.er. On sotion of Nr. Ba11eJ, seooorl.d by *. Peak, it ras m:niaoosly 1ttBOLUD: That this Company, a corporation organized aaa existing m3er the ]ars of tbs State of liev Jersey, hereby appoints as its agent for the sersioe of prooess in the State of Osor6ia, ibosss Z. tieWton, vboss address 233 - On aotion of 1(r. Psat, .eoond+sd by Xr. 0r%"r, it tas ®aaiaoasl,7 1l860LM: ibat the follA+ring imreasss in sslarf of 8a1ssasn, eaeh , Ktbotiw tebrualf 2, 1953, being lnoidsnt to the terss of salsrJ agr+ernts or to eslahliaLed salary =ate schedules ovnring rork assiamsonts and in • operation of an established plan of salary inoreases baaed upon asrit and/or lengfh of sarrios vithin estshtisbed rate rang+s, be aad the sasfs hereby ari in a11 respsots appro*ed, ratifi.-' sad ooafiiwsd: lrca the iats of: '!tio the i.ts ofs . Itiobard I. Senbner t,Y3 per .eek $60 per mak • lb.oaas J. lSoQrath 60 alem 0. BchieDel n ' 60 ~ On avtian of Mr. Psak, seoonled by 1lr. OrnDsr, it tas ®aniaoosly ~OZAID: mat the folloving inoreasss in saler7, due to plosintioo, be and the sas hereby a=+ in all respects approved, ratified aad ooafirssd: Traa the =ats of: ib the rate of: rfriotiws Twr Tork Offioe Astriois Sbannon .- $36 psr wek W psr wsk - 2/9h3 : Ola oold sranch Eq ooa stin. Sk : 2A/33 Ibr. Hailey ststed to the sreting that it is dserasd advisabL to appoint / Ths Corporation Trnst Ccmpany, 120 Brosd.qT, lfw York, ]fe. York, or Its ,/ tmon r =+speotiw aathorized rspresentatiss, as the agent oi this CosVaW shiah or Vhoa ssr.ioe of process msy be nsds in suits anri actions agains Ift this Caaaay and all legal notices sersd for all polposes in the 8tatss of Alabano, GeorgSa, Ulsrrlaa3, and Chio. 'Ihsrespon + ,
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r < n' '230 ,~ lsapsotirei,, on'tbs fitirfrst fnaas pro.i3ed for in tb. Eoglof.es''Retirs- arat Plaa, baw snoh speclal erp.rience and 1mo.lsdgp as to rradsr the rstsn- ~~` ~ tion of t.bsir ser.loes 8esilabLs for the bsnefit of tLs CoswW, ffi II' RZSCLOID: That ti» propar Offioers of •this Co.psaT `r 3=, 'SS , r A Zts aad tbtt bsr.bt ai+ aalhorissd to .atar into and to a:oeaate vith itiss ?it:- siaoos aad 1[iss Beison, Yho .ill be retired on Tsbrasy7 lst aaQ Marob lst, 1953, rsspeoti.elT, oootiaots for tbs rsssind.er of the fsar 1953, for the t1Ps of sarrios and at the retainsr or f« set fortA after thstr oaass on tAs sobadnL prasoIIt.d to this aeeting, ahich rsLeiasr or iw -vill be in sbditios to tLs r.tiresosnt ir»oas of smh emplo»a. ' 'Lb 8+oratar7 laid bsfoi+ tba ss.tina the foll.oriaa: 7sas:, ditad Daossm.r 18, 1952, 24aa R?s 2100 Ayti. Co.pas,, of Eoo. 303 an4 3D6 tila Bail.Ging Clswlaail, Obio, for ons year fraa Jammrl 1, 1953, at an ammo.l i+ntal of #1,500., P&YffibL avntDlT in sQ.anos, under brs aad ooodi- tions thas+in wt out; th s,oti,on of 1(r. IIa1Lry, swond.d by /k. Hop.sll, it ras cmnniaoosly M0L7ID: 'Pbat tats CoRarp contribute to The 14tional ibbaoco 'bs 3l.eeareh Cosmeily Ino., tbr 1953, the susof 0,OOD•00- ' As fvt.ion daly as3s sad seoodfsd, the ssatiag ad,wqrned. ,
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~l•~ 9N /' v • Y~~~111 N ~Y M+ ~ M A A Y. o. 14 i t•.•.•.• U ~ 1~a Z N. ~ N C3 N .7 ~ ~ ~~I ' e.~I 1 ~ ~~~ . ~,.~.... 41~~~1 ~~~ * ;~l~,~ ~ V A ~' ~~'~~~~~: ~ ffi .~~ i~ ~.. ~S : " ~ ~ ~ . ~ ~ M~ a9 i . I pI A . 91 a I I v~1 ~~ ~ ~ ~ ; ~ ~ 8~ ~0 ~ ~ : , ~ N:IvI M~ =g ~~"~ • g ~... o ~~G~~k 0 a ••~~40~4 "1 k g @ 9 v t ~~~ ~~ ~ ~ ~ ~~ ~ ~ ilEm ~~ , 8 ~ .~ • 043'74268 . .. ..... . , n ~x && , i * . I . . ® -L, ~ .~--. . ~
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ti--, To the rat. of: $63 per vsek $73 per vsek 73•75 • - 78.75 8 ' 73•75 • 78.75 8 • 73•75 • 78.75 8 '
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. 7 i , , i, . .. . . '~! ~ . . . . ' . _ _ -~ 043.7,4270 1..
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r-7 we,c..~w~ d~ ~.1~ ~y ~.1 era•~ uva.- ac t~.ppa.t.~a~tpcp;~~q~ bxbf~" A • M W fA A V! Q1 fl V~.+1 ~p. S17 iT. 76 ~c. Ql NrQy A~• pM~111 ' ~.t A w ~'O O •~A ~qQ~C Na'dC l'4 ~ O M 7M R' A~11 A7~~~.~ r~~M ~ii•-~{.. ~6 0 ~~~ ~ ~ b ~~ 1y h O q 1~ 7 • w K M w~~$ " i..•+..~i. M.. w L a O ~ w A V p O It~ V vr..+ ' M K . : a 4: a: iK. a p ^ - . ~ .. • V\I w V \ V1V10~V~V1VlV~OV1V\Y~V~V1V~1~I~+~Ip~OC~00NWW-lOOV~1WP~ODO~~WWODO~WWWWGDy~j~~~0lOD • •~p~O~~OWWW~OV% ~ ~~ kA ;A g • .............................'.............................~ : s ?v o . .~ ., %WnOaONNV~N~CVIV~IOiODN F'C~v~"'W vtOePWW F~P~ODV~W~064~iF+ ~V% K •
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~rp r F ,ruerKer 06 ov oe,;•r r;eF ;t:o r r !'!°;e,r;•!':'P!°!'rr p papF°P.% !°!°F'K°f'p'II.s;err ra.;, _ 4f1r . p h1«190a.MN1+7drdOrbMttc~M a.ti+a.romcw~+~+a..or~c..naaeteeb a,~coopetrrff0°~Q:'0D4° • q . . . • . . . . . . . . P • . . . . . . . . L . • . . . . . . . • ' p M ~'a.~ i ~C~ ~ V 9 ~a %b4 • • • • • • • • • • • • • • • • • • • • • • 1 l •WW~~1-~W~WWA~NWF+V~VQ.C'O.VW11cro PO.COWPWWWO~~P~W1-~W~lOW/30V~ROVI~~VIW~V~ONO~ S . ~. .•.~ . y. . . ..~ ~. . ~ . . . . . . . . . .y~ . V1 V1~ .y~ . .~V~ . .VSH • . . , . . . . . . . . . ~'1 I ~ • •   .  •  •  • .  • •  • • • • • • • • • • •   • •   •  •  •    •  •.   • • . •  • s • VA V1 VSV1 V1 VLVI V1V1 41 Fr ~ { ry ,
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o rr r ~+ae~ p.a.eaa.. . . ~ rr tr a.a.~.m S'!"ama...?t.~t:' ""r r P`'!•'tP°~.e!'r P ~"°° °P'~P'~t°?c~" . •. •.•. . .. .. .... . .. . . . . .. .. . . . . . . . . . . . . . . . . . . . . . . . . • . . . ~ !~}` W~ ~pyf1 4 fl ~ ~9 C A/~ (M~ ~ r00 1~~~ M/~ ~~pJy ~ , ^ i~ ~rh~y•M~ M b0 ~7 70 O ..~ ~' fAQ0 ^~~QQ '~1 M• P 6 0 C ~~ G o ~~ M 4 ~ A O N ~ ~ 7 R D O 51. ~ ~ ~ M L 11 f1. O 1•e~+ " 11 ~ ~ CCCN M~ O M h j~ ~ ~ G .~ O~ O~ 0 O ~• P p ~ ff p y G 7 1+ c 0 ~ O i1 ~ .~ O ~ 1+ r1 K M iiii 4 tr O O M ~ b M v 8811 v Y O v • • . PFrOOC'V~1+~1••~lO~W07V1V~1~r~O~WOO /V .OVWWV\OO00~~p.~OWOV% ~.AiW~OOO~V% 074+~V~1%A WCDWWCONp.OD Y ~ • a • • •  • a a a  • a a •  • a a  • •  •  a a a a a a a a N 1 • F+~F+~~N~F+~F'~OF+h+WMO~F'WO.WOOOOW/rWW/r~VI~H~GeW~WF+~DGNODF•~O.h+G/'M+OPWP~F~~1+ ir . .......... .......... ........................ ! . ' ••aRR~ •,•,•.•:.t.••• _ ~ ;Wiztzaetro 1
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-222 - .11 Vast 5lst; Btreet, IIav York, 1Gs. Zork, In the sQ of Ooa tti]lion Dollars (41,000,000), and. in o=ovting aad delivering in the nas of this Cosway its prosiasor7 no0s iri6anoing said dabt, bearing d.ts of Janmr7 15, 1953, aad Mabla at said bank niasty (90) da,fs f=ca said dats, with intsrest at 3 the rata of 3¢ per sanm fras said dats, be and tbe ssm Lsreb7 is ia all "spsoto approrsd, =atitLd and oonfiietsd. . _ 7Aass dated Deoeaber S, 1952, $am llain Holding Co: (J. G. Saft t Co., Ino., •iant) of Sooa 211 Droad.a7-Btssna Bailding, Caadsn, H. J., for ooa 7.ar fraa all rsspsots approved, iatified and oonfiraas; '!ba Saoi+tart ]atd bafoie the siseting the follo.ina: ' A1 aotlan of /[r. aiopswll, saooorLad b7 1lr. Jssss, it .as anaatsousy ZISMTID: '1'bat the following emp.loyssnts oS Balsassn and CLsrk, with the acthorisation of the Sa]s. Dept. and the appro.al of 7. Hopesll and I. E. Psak, Tioe Prssidenta, be and the sasr bsreb7 are in all respeots approwd, ratifieQ and ooaM fi.d: At the rats o?s Jobn T. sisipsoa Ms1ton a. Arnett, Jr. Iarr7 0. Hias Olin L. Blabs GeorQp V. Dtals brl V. Boller - 2illlrw J. lankfprd Irving 8. Lovett. 74aalt 7. Ilath1as Ssd 7. 1ioCabe Lrnnsth A. ailson ouy x. aiz 1lathsas P. Poarsoa, Jr. _ Jo Ann Plies,.r - David s. Linsr (Colls©s studsnt) ;1.00 p.r bs. for bo hrs. . - . ...' b psr aonth ati, aotioa of llr. BnP.M11, seconded bs' )fr. Jasss, . r Z`ifrotiw i 1/12/33 - . . • .. 0 0 it vas smaniaoosly gSC1.PID: Tbat the following sstplofsnta at the ]fev 7ork Offios fas ssr bs=eby ars ia all i.spsots appro.ed, =atifisd aad ooafirmd: Os s»tiosi of l[r. lbak, ssooodad by Ilr. Jess, it .ae msaiaousl,j IaSOQ.YID: Tdst the imreasei in salar7, as sat forth on the ittacbsd sbsets, ba and. ' At the rate cf: =ttsotiw: ' VO ZQ.ard Mat~srtl~ . per week '' i/7/33 ~~ ~ - , ~ , , .. i/~/53 of Division NsaaVrs, Asst. Division 1Qaaappra, Salssson, and Claks, eaoh .ff.o- tiw Janmr7 12, 1953, du• to proaotion or being inoid.nt to the ter.s of sa]ar7 aarsesnts -or to astsblisLsd salary rate soLsdul,as covering work assigssnts aad ia operatioa of an astabli.]»d plaa of salary ino:eases based vpoa usrit and/or ]snath of service within establisb,d rits iangas, be and the ssar lr:eb7 a=e ia 0
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..<•. s4zv&cvo .g ,..__ - -j . . ` .a.p.aae, je~raK Kea.wr..e~a.~t«ic,;.h`•~"Syl"°P0°!•i'ta°'~••war'~ 4"'« s es.~s m ~o e~ pc aa .... .. . ... .. .. ... .. .. . . . ....... . F'F:°:•F :'r :°P:'?'c:'xrf'Po::~,•pf'0?,:•~,!"S•a'"a•ra.a.aoeoc~.tpa.ai.pn;a;.a.a.gpc ^+..° . . . . . . . ~. . . . . . . ~'. . K~ 0 n" ~ p r~ap ~ A1 7 tig ~f r e~h g r o..tt~ C f• .• ~ s w boao 7 hP. ~ •~r • r ~ p S a • • • • • • • • • • • ° • • •  ~ • 1 . ° ° . %A ~~%A v1v10 O
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~ , .,.e , .-~~ :. . .~_ x_.._... _. - . . ...... .:.....,r. .~: .... -~~^:a...;.... irnr.r7 14, 1953 ~ ro8uUr as.ting of tLs Zmoctive CamitW of P. Lorillard Cveqaapr atr to bo h.3,Q today .t the offios of the Com;aat, 119 v.t kOtb strs.t,•. -tw York City, sa adjoorn.d to s.t Rbur.day, J.auary 13, M3, at 11 o'oloot so 4norita D*ing prasat. , r 0 t
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,~. ~ . . Zttiaabs of 7.raaon & ltitohell, Meo. as- folLowt •' #438, Raision 1, dated Deoe.ber 12, 1M oasring aQbrtiLiaa of OID 000 CiApretba In grooery aaepaines as tber6in set out, daring 1953, at a total eoet of i107,9u.7'S, oanoe11sa6 oorrespoodias estssa #a+38 dated so.e.be,• 11, ],952, for $106,220.99; 418, datsd Dooe.Der 10, 1M, ooveria8 fila aad Wo3eotor oosts for 10RIIIM iitoh-~hlbs oa Tbe wb TV abar, so.esDer 23 throug% DsoeaDer 28, 1952, In t]r sn ar yzz<,.oo. • _ • . . . . .- .. • ' . ~- ms Seoeetsry 1a13 befor• tbe asetin6 the folLariaat ' Acr.earnt, dated No.esbe! P9;-1952, exteadlna ]ea.e dated TeDrosrl 5, 19A, : tlth Sbe l=.derio]c g. gow in.estsent CWatA7.of Booa 214 Danhaa Bldg., - Dsnv+r, Co1o., for oas f.ar fraa TebraarJ 1, 1953, at an aamal r+ntsl of S870.00, pq~abL aonth)f In ad.aaoe; . Qn aotioef of flr. PAar, seooed.d by lfr. Ortber, ras In all respeots . ~DDro~eQ, ratitL.d an3 oosSitmsd. , • .. Oa-antlan dnly ied,e aM seooddsd, tbs m.etias adJoarosd. '• ' fI s ...;....:o:.~:....=Y.,... ,_ _ 217 #33, dabd Dses.bir 19, 1932, oowrtna R'o4mtim oosts for d.erttsins of MW Ciparsttss In Jownal of As.rioad }fsdioal Assobiatios dta-ins 1W In of =1,192.00 f . A-1, Ee.iss 1, dateQ DeowrLer 19, 1M oo+rind oost of art and panka6+ i.siep for LIItt Ci$arettss during 1952 in tLs sun of $1b,900.00. . tLina of EM Cigaa+ttss during 1952 In tLe sum of $49,014.00; On sotiaa of flr. GrUber, seoonded by Ilr. Jaass, tLa follo.ins aQr.rtisias Osy+aditsa+s, a11 of vh.iah are a part of and .ithin tbs sm of aowT anthor- ls.d by the Board of Dir+otors at a awtina beld Bepteob.r 19, 1951, for an ad•ottisiag yrovaa dvzing the 7.ar 192, and at a..etins Leld OotoDsr 15, . 195e, for an advertising prograa dnrlna the 7.ar 1953,- ••re !n all respeots appro.eQ, ratified aad oonfiae•ads . -
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, . . . - - .... • . -~ . . i ._ T !' ~i . . ,~..~ :. : '216 fro. Haautsotia+rs Trust CompanT, the loan neds Septe.ber 29 1952 thia Co~et , , p, Broad BtrNt, -Bsw York, Her York, in the sus of Ow 1[illion Dollars , •($1,000,000), and in ezsoutin6 and delivering in the nas of this Co>paw its proRissory nots evidsnoing saiQ debt, bearing date of Dsoe.bar 29, 1952, and ya,fable at said bank ninstb.oos (91) da7.-fra sail dats, with lntsreat at the rste of 3% psr affiua fraa sai,d date, be aad the saas Lsrebf is In all rSspsots approved, ratified ani ooniirted. _ On sotion of Mr. Peak, s.oaod.d W Mr. Asras, it vas unaa1aons7,T EESC1.PRas That the aotion of the Ymoutias Yios Fiesident, and the Treasurer of this Ccapatp, in raaerina on Deoaabar 29, 1952, on baLdlf of this Ooaygmy, tbe loen mle 8epteaber 29, 1952, fraa Tbs Sanorer Bank, 70•Rroad-7, Zor York, Tav York, in the sum of Od Ki1l.ion Dollars ($1,000,000), and In fssouting and dsli.ering in the asars of this OosVesyt its pranissos7 not. eri- '8rnoiag said debt, bsaring dats of Deosaber 29, 1952, Gmd P47abL at said bank ainat,f-aos (91) days froa said date, rith iatMst at the rats of 3% per aama frca said dats, be aa3 the sas Lereb7 is In a1l.resPoots aD'DrwOd, ratified saa confirs.a. • . On .otioo of 1[r. Peak, ssoaod.d b~ Kr. Jess, it aas smaataousIl - -8l8CIM: That the action of the 1`msouti.. vios Presidsnt, and tbs 44easur.r, of this Caapnryy, In reneving on Deoe.ber 31, 1952, oa behalf of this Ccayany, the loan *sed. October 2, 1952, fros Ths Bano•se-r Bank, 70 Droadra7, ser York, Bw York, In the sm of One llillian Dollars ($1,OOO,000), and In assentins ani delivering in the nsae of this Cotpary it s proaissory note evidencing said dsbt, bearing date of Deosaber 31, 1952, and P4yable'at s.id bank ninety •(90) days froa said date, vitb intsrest at the rate of 3% per amm froa said date, be aad tbe sams hereby is In all respwt* approved, Tatified aad ooaflrend. . . . . On notion of Wr. Sallsy, seooncSad by Mr. Peak, it vas tmaaiatovslr laBQi.fIDt RLat the ino:+asss in salary In the 8ales 1~n-t as }~ forth oa the sbe.ts attached, effective JanaarT 1, 1953,i~ Y S. 1q reason of additioml rasponsibilitias affi being 1adi.iIIna1 ssrit inoraas.s in opsratioo of an establi.bed plan of salary inoreases based upon arrit and/or ],rnsth of ser.ics within establir2rd sulsr7 rats ranges, be an1 the saas Larab7 aie In all resysots approved, ratified aad oanfi=sd. : On sation of Hr. OraD.r, seooodsd br Ibr. Jars, the following ad.artisins apea/iitui+s, all of i&ioh are a yart of aad vithin the •sm of .onarf autborissQ b7 the Board of Directors at ssetiogs Lsl.a•1[ea•oh 20 am June 1$, 1952, for an. adwrtisins aad ydblioity progiaa dstrin6 tbs fear 1952, ti.r. In all r.syeots . 1. approved, ratified and ooufirsadl - =stimt.s of YoussB i Rdbiosa, Yao., aa follorss c ' • Q iT prod..#1, dated Dsowsber 19, 1W, oc"rinB television advertising of - ~ S!! CiOLr.ttas (production of ?ila for ase oan "e Web), at a cost of W, • • - - . ~ - -- - ~W-3, doted Deoeebar 22, 1952, e_cerind inorease in Actors Union scale re3a- ~ ~~ COj tiA to The W.b tsl..isioo progra. In Deoa.bar 1952, In aaoimt of #h25. #j1, dated Deos.ber 16, 1952, covering adwrtiLinB of M! Cigprettes In Joos•oa1 of Aa.rioan lt.dioal Association during 1952, at a cost oS $5,W8•71s #32, dated Dsoabsr 19, 1952, ooverin6 Produotion costs far n.nspapsr adwr- I i VY
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_Sales Division, effective January 1, 1953: Hes York Office: _ lroa the rate of: Edsnnd Priaus 500 =11 per annum Hannel•Yellen , 14,000 « trederick •. Stor. 12,200 Arthur 1. Corby 12,200 "Jobn E. Harray. 12,000 Morgan J. Cramer 11,000 Robert f. Snyder 9,400 -Harold /1. Sherer 7,000 Say 1. Young 7,050 •alter L. Sullivan 5,500 George E. Rodaan 4,460 Herbert B. Junesan 4,300 Hoeard Gercken 13,200 A. L. Dion 250 11 per annum T. P. 8ussell , 11,050 « George Gross' 10,050 w s. J. Robser 100 11 w - [. B. Smith , 6,500 » •. A. Jordan 6,500 •. T. Quinn 5,824 w •. H. HoltLClav 6,200 w D. •. Root 5,304 w e. A. McGinn 6,344 w .?. A. Horaan 5.564 w $13,000 15,500 13,200 13,200 13,000 12,500 10,100 7,700 7,750 6,350 5,000 4,700 14,200 12,000 11,600 11,000 11,650 7,500 8,000 7,500 7,000 6,000 7,500 7,000
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t
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John B. Watkins 72 Frank •. Stokes 47 •illiaa M. •ellsan 62 Reuben N. BEAN 50 Bessie Y. Hughes 52 Zelvia T. Bruffy 40 Clara C. Jenkins 41 Evelyn R. Strite 45 Irvin T. Watkins 40 Yinnie H. Beadles 42 Goldie 11. Denzler 40 Horaa G. Sadler. 40 Juanita Y. Ssith 38 Milton Bondranko 53 Brandon B. Mallory 60 Dudley B. Ledford 49 Yary H. Bozzelli 40 Agnes C. Morgan 40 Herbert E. Slaydon .61 Edward O. Van Pelt 69 Chester A. faleski 70 sl.ood L. Fultz 51 John It. Boos 52 Alexander D. Hbrholzer 61 Charles S. Winder 51 Lewis D. Abbott 52 Huapbrey S. Belt -81 Thosas B. Tletcher 82 Henry T. Burton . 80 Thoeas A. Childress 80 Janes S. Sdaunds 80 Ed.aed Francis 81 tillia= R. Hardsan 76 Chandler H. Morris Freddie H. Snead So 81 John H. Taylor 81 John B. Cusaings 74 Thosas J. Doherty 73 •Benjasin R. Enighton 72 lllen L. Wooldridge 72 Richard B. Barnes 64 Conway L. Crews ~ Charles B. Gantt 67 •illiaa J. Garrett 70 Walter L. Isold ' 57. Alvin B. l/ann , 65 Fred H. Poehler 67 Janes R. Reas 61 Whit. H. Roudabush 67 per week w w w w January To the rate of: $76 per week 92 © w w 43 ' w 41.50 w 58 « w 63 52 w 42 « 42 •w 64 'w 72 73 59 57 w 64 54 58 86 87 84 84 84 83 So 84 85 85 78 77 a 76 w .'!6 w 67 0 -67 . w 70 75 , w 60 r
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lro. the rate of: Charles G. Rogers $69 per week Harion H. Starkey w 60 John lI. Tilley, Jr. w 62 Ernest H. Wall w 61 Carl A. Taylor .68 " Dwight S. Kahle 42.50 " Bdsonia L. Patterson 42 • June T. Gilbert 36 w Gracie F. Wright w 36 Jeanette C. WHITE w 42 [entucky Leaf Dept., effective January 2, Thelaa L. McLaughlin • 42 per week 'Helen L. Gibson• w 39 Mildred B. Bannon 46 w Dewey T. Marshall . 58 w Frank J. Langbeck 69 w Evelyn C. King 45 w Martha B. Chaaplin w 39 Jean G. Carlisle w 40 Robert H. Ransdell 63 w -Margaret X. Benson .._.' w 60 Mary S. Bigdon 39 Lawrence L. Lenharr w 74 Blaon R. Miller : 63 w Joseph Miller w 95 Ernest White 76 w Thosas A. fh ite 55 Stanley R. iilliass 60 0 Anns M. Eveydolf - -- - 58 Calvin Cundiff 72 Robert t. Lotz ~ 95 w saysond L. Quaack 91 w 1953 : 42 0 0 50 63 w 74 w 48 w w .42 43 w w 67 w 65 41 79 w 68 w 100 w al w 58 0 63 w ~ 61 w 103 Lancaster Leaf Dept., effective January 1, 1953: Lexington Leaf Dept., effective January 7, 1953: 45 per week George •. Oswald 50 " Lee i. Tucker '58 per week 63 per week 'f illia. B. heeler 64 " 67.50 w William C. Tincher 64 " -67.50 w 52.50 Stanley D. •illiars 53 a 57 To the rate of: 65 67 66 $74 per week w w a w 54 Thelaa Tate •, ' 39 ". - 42 ~' Allen T. Jones ' 49 I Stayce Caywood 39 . " .42 a . Ja.es H. Hudson 64 0 67 Alfred C. Powers so " E4 Jaaes H. Jackson 57 w 62 tich.ond Leaf Dept., effective January 5, 1953: , William H. Wingfield 76 per week 75 1,.
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Ta. Doerhoefer •.. Siers Tn. Johnson - John Daugherty John Bruner Blao B, Warden, Jr.. Joseph Durbin Barry Bverson I. T. Ransdell De.ard Tones ` Edward Beck.ith George C. Bite, Jr. tillia. D. Cosstock Edgar Wallace, Jr. Mary U. rieyer . Anoa Y. Sciffers Bsther O. Ragland ihelaa O'Neill Yarie D. Newton Margie D. Lucas Battie Y. Lynn Albert C. Wolf Eugene D. Fronk Mildred ![. Welch June B. •eilage Iona U. Bush lfary C. Cull Marjorie B. Oakley Mary B. Bunter llline F. Van Meter Eugene G. Iredale Mildred C. Cooper George B. Iraus Ifalcols B. Bead *illiaa Hazel Thoaas J. Dunphy Leon B. White = llerrell S. Moss Xiliard Highley, Jr. Joseph B. Best John J. Lehaann Saiuel f. Einnaird Mary T. Beeler Maitland Lindauer Dorothy J. Hettich Lila F..Bannon - tanda L. Crtup. Reuben A.Myrick Julia H. BiChardaon Lillian B. Degener •alerie B. TBABP Jerry *anek Walter C. [elly Salvatore Randazzo •. .:; • Froa the rate of : $78 65 85 93 70 75 75 85 63 90 90 60 85 57 50 39 40 47 43 39 47 63 63 52 39 47 43 40 40 48 55 43 59 55 55 55 63 60 63 60 a 59 65 39 39 39 45 39 64 40 - 40 38 Miguel Dancausse ' 95 Alexander Robertson 65 « To the rate of: $79 68 89 95 74 Bo 80 89 66 94 94 •63 92 61 54 42 42 50 47 43 51 67 68 57 41 50 47 44 44 52 .59 47 64 60 59 60 .66 63 ,66 l 63 63 59 42 42 42 48 41 42 42 40 56 w w w « w 0 0 4 . ~ . Y , I i . r v
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Joseph Larkin • Peter L. 1[arken Louis Henning Eugene J. Drozyner Winifred Horan Marie Santangelo Mary Davidson Madeline Di Martino Joan Milczarski •. Morris Lucy Schultz Elier Colyer W.J. Ashaore Marion Koc T. Donnelly A. Rayaent A. Bininger J. Daraento H. Bihuniak R. Yiachell - E. Podolla Helen HcErlean Dorothy Hiskell Arthur O'Keefe Jensie Taylor licholas De Graaf John P. McDermott Michael Tunnicliffe ' Roger P. Heilig Edward Callahan th J Di t -A ur n er r . 8tella Slattery Eric Watson 'Jaaes J. MC Donald Lyach - Thoaas H . ~ Roaan E. Friedel Florence De Gross stella Guszkosski ; Lydia R. Friedel Raynond •, Stine Roseaary Saith Lnna Y. Caapiglia 'Fannie [eating Ludwig Schaitz Albert A. Schultz ~ ' Adaa Lraus Bernard F. 1[ohring Richard P. Bertiard Leonardo Forte John H. Robertson 'Douglas A. Browne Frieda Faria Alfred Sault 8arry McCulloch Martin Leszczynski , Alice Lent •illiaa Schneider rallace P. Pike Gerard Langlois __ I - Froa the rate of: To the rate of: $66 per .eek $69 per..eek 65-_ ^ • . 70 ^ w • 5~/6~ w 59 50 ^ , . . . . VJ - 45 48 .. 38 w 41 a 43 ^ 46 .36 ^ . 39 ^ 39 ^ 43 ^ 56 ^ . 60 ^ 62 , ^ 65 w 64 ^ 68 . « 57 w 62 w 52 . ^ 55 ^ ; 50 ^ .53 _ ^ 54 ^ 57 " 52 ^ .55 " • .52 ^ 55 ^ . _ . 50 ^ • 54 !' , . . 44 44 38 38 33 44 ' 79 60 65 60 60 45 43 46 48 45 48 54 54 43 48 40 42 49 _ 54 83 98 76 77 59 73 90 ` 59 65 100 90 76 80 So 72 ^ 48 ^ ^ 48 • ^ w 41• w' w • 41 . w ^ 36 w ^ 47 •: 1 w . 93 ^ 65 ^ 70 w• 63 65 ^ 49 « 47 " 49 '' 51 w ^ w w / 0 a
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'-" 7. G. Robbe Pros the rate of: $12,000 per &noun . ....,,,.,...,....„ - . ~ _. .. y-_... .: a.:..-. ...~... :. • ..._ ...._..._. - . ------------...:..,. To the rate of: w 0. B. lhitaore 7,000 w 7,750 P. B. Wtrzoni 13,700 0 14,350 J: H. w Boae 22,000 22,800 teaoyrch Dept.: J. J.. w Seffer 8,000 8,500 J. H. w Bohlken 3,750 4.000 T. Ir. w tbtsis 3,900 4,200 A. e. acpf 4,200 w 4,600 T. J. w Yan Elden 3,750 4,125 J. E. w Zarenbo 5,850 6,432 H. A. w Wagner 4,125 4,525 8. L. w Bernbolz 4,125 4,375 D. A. Anderson .3,750 w 4,125 Louisville Branch, effective January 1, 1953: Jr. 14,500 per &noun J. Cheek A 15,900 , . -8. H. Vance 11,000 „ 11;550 w 0. B. Van Hise 7,450 9,200 w B. T. Siers 6,685 7,285 •. 8. Young 6,600 w 7,000 w Y. Reich 5,340 5,800 w R. Susaers 4,650 5,250 w G. iirzinger 5,300 800 5 V. 8, Blunk 5,750 w , 6,050 w E. Po.e, Jr. 5,850 6,150 •. A. Greenlield 4,900 5,300 C. B. *ellborn 4,200 4,600 w t. A. Schlenk, Jr. 4,420 4,900 1 Sentucky Leaf Dept., effective January 1, 1953: 'J. J. Barpring ?. Powers Old Gold Branch, effective !. C. Tieg t. D. Okerson T. B. Saith J. A. ICrias" Walter Birn _ J. B. •oll'er 8. J. Rainbow T. T. Yredericksen B. L. Edwards Whitlock Branch, G. A. Hoilaann L. T. Irving S. S. Ellis , 1/. Griffin C. A. Buchanan H. ;.Lac7 S. 0. Breeden effective 14,520 per annua 5,260 N January 1, 1953: 13,000 per annua 8,250 ~ 6,800 6,000 4,500 w 0 w w w 5,600 6,000 4,515 w 0 3,640 " January 1, 1953: 14,000 per annu. 6,000 6,100 4,500 7,760 6,460 5,750 w « w w w w 0 0 15,920 per annus 5,520 w 13,650-per &noun 9,150 7,150 6,600 4,900 6,000 6,750 4,815 3,940 15,400 per &noun 6,700 5,600 4,750 w 0 0 7,950 - " 7,060 6,350 0 0 .r~~ h'
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waY~$T'~s .~.--.r..~..,..~.~ Charles R. Erb Richard A. Lants Lancaster Leaf Dept., effective January 1, 1953: To the rate of: =6,700 per anan ' 15,920 8,375 7,750 5,570 per annua w w w 8,700 per aann. 3,420 w Lexington Leaf Dept., effective January l, 1953: J • Connecticut Leaf Dept., effective January 1, 1953: lros the rate of: George D. ROCREFELLER =8,250 per aainus Danville Leaf Dept., effective January 1, 1953: John W. Pile 14,520 per annus F. Taylor 7,875 w L. Lindsey 7,100 w A. B. Seward 5,270 w Thoaas H. Shinkle Yilliaa A. ROSE 5,900 per annua 4, ?00 w John L. 'ihoaas, Jr. 4,400 0 •illiam R. Brewer 4,050 " Charles C. Spissu 3,600 " Wisconsin Leaf Dept., effective January 1, 1953: ------Hugh M. lanning 8,500 per"annua J. L. Nichols -- _---7,000 - w - - - R. Mc+Cortiick 4,300 " i {..! ` O. T. EllingsoD 5,060 --" - xew Tork Office, effective January 5, 1953: ~ John F. Bustice. - ~, 84 " 89 Louisville Branch, Earl YcEinaey Jnaius H. Goulder Carl E. Raser Estill Singleton Finley P. Ward George N. Cooper Lloyd H. filliford Albert i[cGuffin 6,200 per annai 4.900 4,660 4,400 4,000 0 « 0 0 8,950 - _. 7,100. 4,550 _ _ .5,310 per "annua w 0 60 -per-veek --- -----:75 per..eek Don 8. Eldredge 8,000 per aaaua 3,120 effective January 2, 1953: 63 w w w 64 Arnaud J. Rassinier Edward D. 8ith Boyd D. Batts -Delbert Y. Rube Lilbon Cbildreas Carl H. Geiser, Jr. Mickey N. Sabo Adrian Yan Bakel Eugene Rains Coy A. Clark Xi:lard Higbley, Sr. Joseph R. May ' 63 60 63 63 60 63 70 63 63 64 72 65 w
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~---'~-- .. .... .... .. -----°--~ M; Eatad Borssbar 11, 19>2, oor.ring nsispapsr sa.arti,ina of KM Cigarsttss in varioas oitiss as tLsrein sst out, dsring =o.emb.r 1'952, at a oost of $9,906.21j f30, dataQ Dsoe,ebar 11. 1952, oo..riag nsospap.r ad.arttsiaa of Ln! Oi4Pr.ttss in tarions oitiLs as tbs+in sat out, durina D.oabar 193Q, at a eost of 4'25,60G,01. - the t.oY+tarr laSd before the sMatina the folloringt _ .. . ~ - - . . 7wass 8atsd Dsoestbsr 9, -1952, !rw Lmb.r Z=bato~. Corp., of 8oas 313-14 Lngbar Zsobst~e, ISnar+apolis, Him., for ons Tsar from .Taauar7 1, 1953, at sa aanaal rsntal of 41,00a., ps,fahLs avnthIr in ed.aao.; 214 Lsass Eated fowetbsr 2k, m2, $aa Busiasss Servios at Itssno; Calif., rt offios at ly} Vap Esss Avwnv., h+sao; ~C"a~lif., for ooa 7.ar fra. Jaaoarr 1, 1953, a.taa aansa1 rental cf yocu~., ps,Tabls aoatbay. ia edvaao.i Lsas: datad Dsosibsr 6, 1952, !raa arl J. aad 11srgvrits 1. Ir•!a, of ipsos _ is bni14lna at 325 Alaasar ksnas, Coral OsbUs, 1]L., for two 7sers f5ros! J+asrf 1, 2953, at a- tats.l rental of =2,NW ., paJabls aonthly in .daoos j ~aah of .biah Oa aotioo of 1¢r: Boper.ll, soond.d b7 Mr. YssY, .aa in all =.rpsots aDPro~, rat3fisd ari oonfirmed. 'ft siotioa of I(r. Aempr, ssoosd" by Mr. Ha11.aT, it ws unaaiaoasv lC~SOLYIDs 'laat thls Cawstw aontribQb to the Tatioaal Coaooil a[ . Curobss, the ss• of $1,000.00. . Oa aotivn of )b'. Oanaar, ••ooadsQ b7 ifr. 309411011, it vas uasnlaonsy I
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Increases approved at meeting of Executive Committee held Decenber 24, 1952. - Res York Office, effective January 1, 1953: G. O. Davies . J. J. Darby D. J. YacYillan R. A. Sauer F. Y. .alson J. R. McDermott R. L. Ross J. C. Brisotti R. F. Stevenson A. Henelt F. Caldararo E. P. Hahn 8. Ilintzer •. J. Coyle 8. S. Sperry J. Leben , L. E. Lewis B. W. Naunana F. H. Reiske H. A. Dooley J. L. Mason •. J. Nazaruk J. Howard J. C. Eienast A. R. Eichborn t. G. Driscoll Meyer lliller •. E. Duffy J. E. Bennett Il. S. Block ;' John Berner J R1ke Sedronia =- , ` B. J. Hoyt ~ / F. [rause, Jr. ! G. A. Cusick° 'f L. D. Grosso Jacob Seeman Max R. Schmidt C. *. Bascup B. L. Beard, III P. G. Connors J. J. O'Connor R. L. Borchardt J. P. YcRervey H. B. Erickson R. S. Billings 8. E. Hanson• F. E. Volfe• •. C. Harding A. F. Woessner A. L. Davies •Cigar Field Manager I Fros the rate of: $14,700 14,700 15,500 11,500 12,000 9,000 7,600 7,335 5,850 6,550 6,550 6,250 5,500 6,350 5,750 -4,200 7,000 11,500 12,250 10,000 8,650 5,400 4,500 per annum w 3,900 3,880 4,816 4,450 3,744 16,000 10,750 6,900 4,420 9,500 6,000 t 4,680 ~ •3,900 3,744 3,588 7,800 10,800 8,850 15,700 •-12,500 15,700 5,850 ~ 4,500 7,500 6,500 11,750 5,750 4,576 To th6 rate ~of •: $15,900 per annu. 15,900 16,250 0 w 12,500 a 13,100 " 9,800 • 8,100 • 7,935 w 6,850 ° 7,150 " 6,950 w 6,575 " 5,775 w 6,675 " 6,100 • 4,600 " 7,700 " 12,500 " 12,700 " 11,000 " 9,400 w 5,850 w 4,950 w 4,250 " 4,330 ~ 5,166 " 4,700 w 4,650 w 17,600 " 11,300 w 7,590 w 4,780 w •10,300 0 6,600 w 4,940 ° 4,160 « 4,004 " 3,848 ~' 8,400 w 11,700 0 9,750 a 16,500 " Q 13,750 • ~- 17,000 • 6450 " 5,,000 QN] 8,400 " 7,400 ° N 12,750 6,350 6,500 w
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'ms Saoz+tarT laid Lsfors tbs mssting ths follo.ing: Iates dated aoosaber 26, 1952, fres ?rensin Realty Corp., of offio. 203 Bo¢1s- Rrd Buttat+,o, Syraonss, lf. T., for om Tsar frQa January 1, 1953, at an aaaoal iental qf $680., and an additional aaaval charge of $90. for Ss.nitor •ar.ios, both pyable sionthly In ad.anos, nadsr tersr and oonditions tLsrsin Mt out; Agreeasnt datad Septssbsr 15, 1952, vith Binst,f-fin Msdision Corp., 3ov Tork, IF. T., .rstsnding lsass 6ated, Janvarf 18, 1950, of-Roos 1100, 95 Yadison A.., Zev York City, for ona year fron Jannarl 1, 1953, at an annual rental of $3200.00, payable .o_nttily In adranos, smder teras aai conditions thstain s+st ' - out, Cn aotion of Mr. Hopev.ll, seaooded bT Mr. Oruber, was In all respscts approvsd, -ratifisd aad coafirs+sd. als .otion of Mr. Oaaepr, seconrled b7 Mr. Jasrs, it .ros zmani.ouslt . BZSOLYID: 2Eat this Cos[pany contribute to Y. M. C. A. of the City of 1st IorY, the sm of =500.00. • • On notion dnl, fsds and seoonded,-tha aa.ting ad3ouarosd. 210 #443, dated No.esbeT 11, 1952, covering religious nevspaper ad.ertisina of OTD GOID Cigarettes during 1953, as therein set out, at a cost of aT,532-22; c ' dated Deces1ber 5, 1952i oo*sring production oost of thres QID GOLD TV spot filss, In aaoint of ;3,504.95; - #128, Svpplesnt 1, dated Deoembsr 5, 1952, w'++ring revision of DMASS! •. •. CWB TK prograa, advertising EBABST Cigarsttss, for period Horsabsr 11 tbrovgb Daoenber 30, 1952, at a cost of 44,000.; . 03k, dated so.e.bsr 10, 1952, covering radio adsrtising of ZHB1S.ST Cigsulttes (sponsorship /bndqT Morni.ng fisadlinss), over ABC radio nstrork Ootober 26, 1952 through October 18, 1953, at a total cost of $168,k16.Ob, of Vhioh $36,210.20 Is to be charged to the 1952 advertising bnaget, aad #152,205.80 to the 1953- adwrtisiaa budgst; ~ *%4T, dated Dsoeslbsr 1, 1952,'oo.aring prodaotion costs of Cbsistms oosroials ad.ertising OID OOTD and ltBA&ST Cigsrsttes and MDRIBL Cigars for usa on TV progeeas aa thsrsin set out, In asr,timt of $10,838.75; -. dated DaoeaDer k, 1952, covsring TV adiertisina of 1RURIII. Cigars (live h1.c_*.wtts The Web), Roreab.r 16, 1952, at a cost of 053.25: Zstiaats, dated Decsaber 3, 1952, of Rationsl Uport Advertising Ser•ios, Im ., 1.r Tn.t_ ff_ 7_- eo.erina fo,bim neveDac»r adTertisina of 07D GOLD Ci,arattss `1 during 1953, as therein set out, at a cost of $6,565.61. 9
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- `."''--~ C . ..~ . _ -..........a,.s.r..r..~..`.~s....%--+wrs.La 1•rsanlar rseting of the EYrocuti.a Comraittee of P. Lorillsrd CcapanP vas bsld toda,T at the office of the Coapanl, 119 West kOth 6trOet,.Eav York CitP. . msr" vers pr.sent Msssrs.: 11. A. Kent R. N. c'+angsr Y, J. HalleT • . 7. Hopevell . . L H. Psak Anna P. xosssner, Ass't..SeoretarJ 1lr. 1Csat, Chsir4an of the Board, presided and the Assistant 8ecratart acted as Seorstary of tLe aseting. Cn aotion duly ands and seoonded, the reading of the ssinutss of the pravious aseting vaa dispensed vith. Aa sotion of Nr. Hopevell, seoonded by Mr. Ganger, it vas :mnniaously -1t250LP~: mnt the action of the Ezsouti.. Vice Ptesident, and the Traasu,rsr of tMs CoapntiT, in borrowing on Deoeaber 15, 1952, on bohalf of this Cosipany, fro. Oasraaty Trust Coapnq>• of Hev Zork, 140 BroeQray, lPsv York, Hev Tork, the sm of Ona )[illioo Dollars ($1,000,000), and in ezeouting and delivering in the nesb of this CoaWnryf its proaissor7 note evidencing said d.bt, bearing said dsts and pqamble at said baak ninety-one (91) days froa ssid date, vith interest at the rate of 3% per annua from said date, be and the sass Lereby is in all raspects approsd, ratified and. oonfiraed ; on s:otion of Nr. B:opevsll, seconded by W. Qanger, it vas uaanfaous1P BUOLVED: Zffit the action of tbe 3zeoutlw Vice President, and the Traas>rsr of this Ccsipaqf, in renevin8 on Decesber 15, 1952, on bebslf of this COKPa7, tbO loaa seda September 15, 1952, ffrom The Aev zork Trust CospenP, 100 BroadvaT, Iev York, Eev York, in the sum of One 1Sillioo Dollars ($1,000,000), and in essouting and dsli.ering in tDe TAsme of this Company its promissory note .ridsnoing said debt, bearing date of Deoember 15, 1952, and payable at said bank ninetP-ons (91) dsPs from said date, vith interest at the rate of 3% per aaanm frdm said dats, be and the seas herebP]s in all respect@ approved, ratifiad _ and ooafirsied. Ai notion of Mr. Bopevell, seconded by Mr. Oansor, 1t vas uaenisoualT sTMEVID: mat the aotion of the ftecuti.e Vice P=ssident and tbs ~ , : ~ Ty~eae:ae-r of this Company, in reneving on Deoe'ber 15, 1952, on behalf of this , , /U-- */- ln.w rAw !',wnMi.Ae.. 1R- 1C57- f- R-~- lf.v T-L .R.....• n-- W' fisd and confirsd. amiua from said date, be and the sasb hereby is in all respeots approsd, rati- W atidsnoing said debt, bearing dats of December 15, 1952, ana payable at slid N bank ninety-one (91) days from said date, vith interest at the rate of 3% per ~ Y°~V 1 10D Brosdsa7i ltav 7ork, IIw York, in the sus of One Million Dollars (;1,000,000)~ and in esscuting and delivering in the neme of this Company its promissory nob Zh .On siotion of Mr. Hopowell, seoonded by Mr. Ganger, St was uaanlaouslP J. J. Blaakasll • . L. Oruber - gi5Q6=: That the aotion of the Emoutis Vice President, snd the Treasaier of thia CcmpanJ, in reneving on Deoeaber 15, 1952, on behalf of this t 1
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I 209 Cospazy, tbr loan snds 6eptesebsr 15, 1952, fro:a Public Eatioml Bank and Trust CosRpsny, 37 Eroad Street, Nev York, Tiev York, In the sia of One Hillion Dollars (;1,000,000), and in executing and delitering in the naas of this Coapapl its yrcaiissorl note e.idenoing said debt, bearing date of Deoe.ber 15, 1952, and pa7able at said bank ninetT-one (91) days froa said dats,.vith laterest at the rate of 3% per annum fros said date, be and the eass LerebT is in ali re- speots appro.ed, ratified and oonfirssd. ~ ~On s»tion of 1r. Bopevell, ssoonded by )F'. Q~.'1ger, it was ~msniaousll and the ,% P +sident tt.e 7ic i h E t&OL9ZD h f h . , , _ e act on o t e seov : T at t lt Trea.svrer of this Coespany,- in renewing on Dsoesber 15, 1952, on beLalf of this Corpprt7 the losa msds Sspteaber 15, 1952 frost (ksi:antf hust Coepany of Bev York, 1~0 Broadway, Nov York, Bs+r York, in the sta, of Ose Million Dollars ($1,000,000), and in executing and delivering in the oaaa of this Compaay its peoa issor7 note etlAenoing said debt, bearing d ate of Deosaber 15, 1952, and palable at said bank ninetJ-one (91) days fro. said date, with interest at the sate of 3f, per annis froa said date, be and the saas hsleb7 is ia all lesprots aDR'aved, ratified and oonfirrad.• - - -Oo s+otion of *. Oaager, saooadeQ bJ 1lr. druber, it was aaaai.ous1Y . ffiSOLVED: That tbs folloving inorsasas in salary of Division Ib,mgers apd 8al,esasn, dos to Prosotion or being inoldent to the terms of sal,ar7 agi.e- asnts or to established salsry rate schedules covering work assigampnts aad fa operatimof an established plan of salary iaareases based upon ns=it and/or length of servioe within established rats ranges, be e.nd the sa.a hereby are 1a all respeots approved, ratified aad ooafi=msd. ..Trcw tbs rats ofs To tLs rate of s / S1'feotl.e t =arrf Beilsr ;95 per reek #1•15 per ve!k 1/5153 . 7red 6. Tsr.e s 97 ' ' ~ - - lLeodose 7. Terrell 95 - • 112 ' . . Joha A. ffoClom 92 - • Xzrs D.. 6ehvarts 78 ' " . ~ . . . ,1lobert A. Hvppel 73.75 per *eek 88.75 par week •' •,; L3vard H, Monaiok 65 per week 85 psr wek ~ • - aill s, 6oili.aa 63 ' ' 80 . . . Iavreaoe J. C3F..rk,Jr. 55 ~ e Imnis D. lriedci<a 55 ' ' 60 ~/~5/32 ~ I On notion of 1lr. Ganger, s-nded by )fr. Hopewli, t6e folloviaa adwr- tLing ezpeaditures, all of which ars a part of and vithin.the am of anoa, autborised by the Board of Direotors for an ad.ertisins program with respect to the year 1952 at a aeeting held September 19, 1951, and with respect to _ the year 1953, at a eeeting Lald OQtober 15, 1952, vera in,all respeota approwd,• ~ tatified and aonfirmed: Zstiaates of lwnnen i Peve1l,Ino., as follovs: #433, dated aooaber 6, 1952, oovering radio advertising of CKD GoiD Ciga:•ttee (sponsorship Ta71or Oraat News p'rog=•am), over ABQ radio network, October 26, 0 1952, throvat ootober 18, 1953, at a total cost of $199,564.84, of vhioh ~ 438,354•20 is to be cbarged to the 1952 advertising budget, and W1,21A.6k to ~ . OW 1953 advertising budget; Ahi, dated lfo.eabe=• 11, 1952, ooo.ering ser.ioe sagasins advertisin6 of QD tj I OMD Ci&Lrett,s during 1953, as therein set out, at a cost of ;9,783.36i .%I . ,A 40 c
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RSSCbVXDs Y'hat tbe'ealar' of J_ ?_ Alaclmali_ Direotor of Kanaihcturina_ '' MOL9HD: 'lbat the folloving increases in salary, bf reason of additional lasponsibilities and being individual sisrit iacreases in operation of an estab- lished plan of salary increases based upon asrit and/or length of sertios vithin established salary rate ranges, be and the sams hereby are in all =espsots appro.ed, ratified and oonfirmd: • . 'On .otion of Mr. Peak, seoon3ed by 14r. Ornber, the folloving advertising •zpenditures, all of vhich are a part of and vithin the sum of aoasy authorized by the Board of Directors at a meting held September 19, 1951 for an advertising program during the year 1952, and October 11, 1952 for an ad.ertising program do:ing the year 1953, -ia in all respects approved, ratified and confiraed: =stimates of 7Annsn & Eevell, Inc., as follows: #_11W, dated so.ember 10, 1952, oavering inorease in sschaaioal production for aagasins advertising of OID G(IID Cigarettes dsriag 1952 at a oost of $6,700,; f113fl. #k30, dated October 30, 1952, covering radio ad.ertising of OID 007D Cigarettes oter Batioml Brosdoasting Company network (Two for the Money prograa), October 7, 1952, throug3t Bepteaber 29, 1953, at a total cost of $809,392.0h, of vhich W1,687.59 is to be charged to the 1952 ad.ertisia.g budget and $607,704.45 to the 1953 advertising budget; P37, dated Aovember 17, 1952, o-rin6 m8azins advertising of OTD GOLD Cigprettes during 1953i as therein set out, at a total cost of $103860742,10; _ ...•_,.,~, _,. q..~.... - :, ~....,. l:f W On sotioa, of•lFr. James seconded b7 Mr. PeeY it vas nasni.onslJ , ~ ._ .., ~:.~..:.: .- , ~; M. J. J. Blaclmall not voting) ' . #i38, dated =orember 11, 195z, 00"rin8 grooer7 mgatins ad.ertieing of OID GOID Cigarettes duz•Sag 1953, as therein set out, at a total cost of $106,220,99, 'me Secretary laid before the seeting the following: •. . wppendage, dated Deoeaber 2, 1952, to lease dated January 31, 1950, froa 0 , Cnllmn Brothers, Inc. (T. V. Dickinson, Agent), of building knova as Dickinson Tobacoo Varehouse in Readstovn, Vis., eztsnding thelsase from year to fear ftoa (~ Janmr7 1, 1953, until terainated by either partT on 60 days' v7ritten notice ~ prior to the end of each oalendar year, vhioh . . . ~, . Cn rotion of 14r..YeaY, secooded by Mr. Hopewll, vas in all respects approved, W ratified and oonfirmed. ~ • .. ~ . . • N ' 00 motion of kr. Hopevsll, seconded by 1(r. Blaolmall, it vas saaniaously gLSOLVHD: That this Company contribute to tbs Hev Jersef Safety Council, for the year 1953, the sun of $600.00. u
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~---------~~- EffidLYM: That this Cos3anJ contribute to Religion in llserioaa Lite the snam of $200.00. r Cn .otim of 1r. Oanger, seootxled by *. Ordber, it trss w3aaiaoaslY 8ffiOIJFED: Thnt this Cospaqy contribute to United Cerebral Yalsy tbs fot of $1,000.00. On sutica of Nr. EallsT, ssoauded by Mr. Blaokaall, it vas umanlaoualy tba aaft of $2,000.00.• . On .otion dnlr an8e ant seouodsd, the aseting adjourn.d. . EiSM9t'D: Shat this QomqaqT contribute to the LouisrilLe, fj., ?. M. C. A.r 6eeretsr7
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204 •RZSOLVID: That the action of tb,e Executi.e Vice President, and the Treasurer of this Ccmps.nT, in rensving on December 8, 1952, on behalf of this Costpanf, the loan snda •Septenber 9, 1952, fros Mnnufactnrers Trust CospW, yS Broad Street, lfer Zork, New York, in ths sA4 of pna }(illion Dollars (t1,000,000), and in ezeouting and delivering in the naas of this Company its promissoMr nots e.idnnoing said debt,-beariag date of Decaaber 8, 1952, and pafable at said bank ninety-ons (91) dafs from said date, vith intei+st at the rate of 3% per s.nnum froo said date, be and the sas hereby is in all tespects approved, ratifi,ed and ooafirmsd. - On ssrti.anof ft~. Oang&r, saoonded by Mr. Jsass, it ws ®anfaovs]•f RLSOLVEfl: That the action of tLs RYeoutire Vioe President, and tLs Treasurer of this CosrpaR7i in reneving oo Deoeaber 8, 1952, on behalf of this Coapany, the loea .ede 6eptember 8, 1952, froe lirst i)brchnnts National Bank, HfoLaoad, Yirginia, in the su: of Seven 8undred mvusand Dollwrs ($700,000), and in executing and delivering in the mae of this Cosrpaw its peoaisson not. evidencing said debt, bearing date of Decsaber 8, 1952, and payable at said bank 1ia.b-ons (91) days fr4 said dats, vith interest at the rate o? 3!% per annu: f'tom said date, be and the saes hereby is in all rerpects approvsd, vatified and oonfirmed. On sotion of Mr. Oanger, seconded by Mr. Jass, It was :maniavnsI7 lQLSOLVED: That the action of tbs Rz+soatin Vice FYesident~ and the Treasurer of this Company, in renewing on Deceeber 8, 1952, on behalf of this Company, the loan rads Sspteaber 8, 1952, frost Virginia Trust Cospany, Richeond, Yirginia, in the sua of Two Himdred Thousand Dollars ($200,000), and in enecu- ; ting and delivering in the naas of this Company iU-pro.issor7 note evidencing j said debt, bearing dats c2 Deooebsr 8, 1952, and paJabls at said baak ninety-one (91) days froa said date, aith interest at the iat.e of 3% per aamnm froa said dats, be and tha saas Lsieb7 is in all respeots appro.ed, ratified and confirmed. 1-1 ~. '!8"30LVRn: Tbst tLa action of tLs E:osentivs Vice Prssident, and the 'h.asurer of this Compacy, in senevina oa December 8, 1952, on behalf of this Caspary, the loan tsds Septesber 8, 1952, fras Pirst Aational Baak of Daatills, Dan.ille, Yirglnia, in the sum of ow Bundred Thousand Dollars ($100,000), and !a executing and delivering m tLs nase of this Cwrpaqf its pro.aisson note evi- Asnoing said debt, bearing date of Deaesiber 8, 1952, and p"abls at said bank uinat,-om (91). deqs froa said dats, vith interest at the rate of 3% per annias froa said date, be and the sar hereby L in all respects approved, ratified and oonfirsrod. ~ ~ Mr. Rall" p,.sented to ths mseting agree.ent dated Deoe.ber 8, 1992, ems- 1~ - antsd on behalf of this Oasrpany by kr. 0. 0. Da.iss, Treasurer, rith the Cuatantf Trust Company of Rew York, concerning letters of credit iasued froa tise to tiss In connection with purohases abroad of 1lirkish tobacco and othar mterlals or supplies needed by tbe CosFnny, said agrerawnt being in the fors reqnired by the Gua=antb Trust Company but nodified so as to prorids that a lisiit of $500,OOO, a is planed upon the asount of any ooe application for Ltter of credit. Ea also statsd that it is necessary to adopt a resolution to approve the execution of ~ said agreesent and a general resolution anthori:ing tas making of suoh applica- ~ ~ tion for letters of credit in the future. . - /U{co 'mersapon, after discussion, an notion of Mr. C.angpr, asoonded by Mr. Jsass, Q : (.~ t. . . r it Vas tmanLously - . ._ - . . . . • . ... ~e
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r • - i2Q5 1tESOLPIDs I. That H.- A. Sent, Chairenn of the Boatd, R. K. Oaag.r, President, Y, J. Hall.ef, Exsoutirs Viee President, l7•ank Hope.+ll, Todd Yoo}, I. H. Peak, and L. Oruber, Vice Presidents, and 0. 0. Daries, ZreasnreT of this Corpoiation, a=e authorized to apply for and obtain fros 4bataat7 Trust Companw of Hev York letters of oredit and to emauts applications, aateasnts, trust receipts and all other doosments in ooatootion thsrerith, inololing goarantess, indesmitT agreesnnts aad other undertakasgs. II. That oredits heretofore effeoted and at present outstandinH .ith OaaraatvT Trast Coapnnf of Fev York, endorsesents, porers of attorneT, assiKn- sents,,.pledges and all agreements and doaumants meds aad issuedin aooordanoe - msrevith be and hereby are ratified and oonfirerd. - III. The Guaranty 4yrust CoNTanf of Ner York saf act upon all instruotions for the sale, dsli.ert or other disposition danf aollatsral at any tir held Ohsri given by the aforeaentionsd persons. IT, Ws resolution supersedes a siailsr resolutioo adopted at a saeting of the Rnsouti.e Coasaittse held on Jennary 9, 1952, a,n3 shall be effeotiae as of the dats of said agreessnt approved he=eby, namly, Deoea•.ber 8, 1952. T. The foregoing povers and authority shall oontinne umtil rritten notice of rsvocation has been gk.en to aad reoeind bJ said Gvataptj, Trust Coswan, : of Iev York. On s»tian of 16r. Hopsvsll, seconded by lbr. Peak, it vas tmaaiaoosly •- EES(E.9ID: 'amt the escpl.o•iment of Joeeph L. Yagliari, as 0011095 rep"- ssntati.e salesaan, at a salary at the rate of $h0.00 per nosth ($1.00 per • baur for 40 hours), effeotive Deoeaber 1, 1952, vith the authorization of the .Salss Dept. aad the approval of the mosouti.e Vioe President and Todd Wool, Tios President, be and the saae hereby is in all respeots approved, ratified snd oonfirsd. Arlene =1.rstein ~43 per week " 32/4/52 . ]Ww York Office RL50LVM: Tbat the folloving e.ploTaents be sad the saas hereby ere in . all respects approved, ratified and oonfirasd: ~ _- At tha rate of: 'ZSYbotiwj Old ifolA A.anoh 'mosas K. Carrino 32/1/52 ~ MerBaret L. lyra.ers 112 : : 12/3/52 W Dolot}y L. Johnson 40 ' ' 1.1 22/5/52 . -%3 • . _ .. . - - ,~ 1 . . . . ' ~ . i.; .. • EL50LM: That the increase In salary of Juanitta G. Lish, frosi tas rate of 450 per r.ek, to the rate of.$SB per *Nk, effeotire Dsoaa,ber 8, 1952, as Balesvomn, being incident to the terms of salan agreernts or to estab- lisaed salary tats sohedules oo.ering vork a.signmsnts and in ops~tion of an establishsd plan of salarf laorsases based upon rrerit and/pr length of service •ithin established rate ranqe s, be and the saas hereby is in all respsots approved, ratified and oonfirmed. -
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l .... ~-,,..-d. -:.~. _- . ... . ., a . . .... ti s. . i .a.r.-.i ...iiu .Y ~'1. .. I
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r ras LarilLrd Company A regular sbeting of the ISrooutive Cossittee of P. • ksld.todaf at the offioe of the CoaPaqT, 119 West 40th Strset, Eew York City. .Thsre.wre pressnt !lessrs.: H. A. Sent a. x. Canesr . Y. J. Halle7 l. Hope.ell I. H. Peak J. J. 8laalmall L. Ormber ,. Jasns =bdd Yool Ilr. Eant, Chairmsn of the Bcard, presided and the Seo=+ta:7 acted as seoretary of the neeting. • , Cu notion duly mde and ssoood.d, the readisg of the atiiaate s of the pi. - I I 1 I H vious oeeting vas dispensed vith. . • On aotimof Mr. Oanger, seconded by 11r. Jass, it naa ~aiaoosl,j atSOLVED: That the action of the rxecatl.e Tice PresiAent, an3 the Treasurer of this Co.~panT, in renevin8 on Deoeabsr 9, 1952, on behali of this Co.wes,, the loaa made Septessbsr 10, 1952, fron Gaa:antf i~nst Company of •Hev Tork, 160 Brondvaf, Tev Tork, Sov Tork, in tile s® of Ons Hillion Dol]ars (=1,000,0D0), aad in ezeoutiag ana dslieering !h tbs naas of this Coopary its prcaissorf note e.idenoing said debt, bearing date of December, 9, 19520 aad payable at seid bank ninet,f (90) days frca said dabs, .ith interest at the lats of 3% per a®ud froa said date, be sad the saas hereby iL in all lespeOts . apylv.ed, ratified an3 oonfir.ed. , On notion of Mr. Ganger, ssoondsd by Wr. Jaass,.it vas umanLously aSOLYED: That the action of the Ezsaati.e Tiue President, and the '$easirer of this Caspaty, in reneving on Dsoesiber 8, 1952, on behalf af this Coesyany, the loan mds Sspteaber 8, 1952, f:oa Public Batiaoal Bank and Trust CompaR1, 37 9road Street, Hev York, Her York, in ttis s:a of One }Yllion pollers (=1,000,000), and in ezeoQting and delivering in tLe nas,s of this Caspanf its proaissory note evidencing said debt, bearing date of Deoeaber 8, 1952, and pafable at said bank ninetT-arae (91) days fraa said date, vith interest at ths =ste of 3% per aanua froa said date, be ami the sess hereby is in aLl respeots approVSd, wtifiea and oanfiimd. i /- _ • , On sntion of Mr. fTanEsr, seconded by Mr. .Tsasa, it vas tmani.onsly. EE6CQM: That the action of fhs fiiecati.e Tice President, and the Treasurer of this Compaipp, in ienevina on Deoeaber 9, 1952, OR behalf di this Cospety, the loan nnds Septenber 10, 1952, froa Public Hational Bank abd Trust C-PanY, 37 Broad street, Hev York, Aev York, In the ssa of Ons Million Dollars '(=1,000,000), end in executing aad dslirering in the anas of this Company its p prdaissorf note evidencing said debt, bearing date of Deoe.ber 9, 1952, aad uh pa,table at said bank ninet7 (90) days frov said date, vith int.rest at the • w rate of 3% per aastis fron said date, be and the saae hereby is in all respsotaQ approved, ratified and oonfirmr,d. ~ . . ~. On notion of Mr. Canger,• seconded bP Mr. Jases, it was tmaniaaosit -. O • 203 Dsoeamer 10, 1952 I 7"-
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s . _.~ _ .. . ..-.. :. _.._..~ ,._,. ,,.._~..~:. 200 December 3, 1952 . - r_ . . _. .. . A regular seeting of the Ebscuti.e Cosszittee of P. Larillard CosCis:pr vas Lala today at the-office of the Company, U9 West kOth Street, Hev York Citl. 'me=s rere presant )lsssrs. 8, A. Sent _ _ V. J. BalleT - - 7. gopsveu L. araber A. Jaass Zbdd Yool - 1V: Lent, Cbairman of the Board, presided and the Secretary acted as 8ecretary of the meeti.ng. - On motion duly sdu and seconded, the reading of the ainutes of the previous seetins vaa dispensed vitb. on notion of /Er. Hopawll, secooded by Itr. Qruber, it vas manisouslP ~ M40LYED: amt the aotio[i of the Executive 4ioe President, and tbi lrenamrer of this Compe.:p, in reneving on December 1, i952, on behalf of this Oo.penP, the loan mde Saptenber 2, 1952, from The Chase Sational Bank, 18 Pins Street, l:ev York, Bev Tork,"'in the am of Ona Hillion Dol]ars (=1;000,000), aad in executing and dslivering in the nass of thi•s Company its promissory sote evidencing said debt, bearing date of December 1, 1952, and payable at said bank nimtT-ooei (91) days from said date, irith interest at the tate of 3% jer aaaim from said date,-be and the sama hereby is in all respects apprased, ratified aad cocdirned. _ l I Cn notion of Mr. Hopavell, seconded by W. Gruber, it vaa unanimously - gSCQ.MM: 'mat the aotiari of the Zxecuti.e Vice President, and the ` ?reasurer of tnis Coaipesp, in isneviag on Decembar 1, 1952,.ou behalf of tbis Ca,pan7, the loe.a aade Septtfnber 2, 1952, froa Bankers Trust C"ompny, ' - - 316 Wall Street, Hev York, Rev York, in the sum of One Million Dollars (Z1,000,0,00), and in executing and deli:erin8m the nsms of•this Companf its promissory note ividencing said debt, bearing date of December 1,'1952, snd payable at the =ata of 3%-per eanns frce said date, be and the sams LerebbP is in al1 respects aDFroved, ratified and coafirmd. ,' Oo siotion of lr. 8opevell, secondbd by Mr. Orubsr, it vas unanimouslP ' 8WOLVZD: Sbat the aotiofi of the Executive Vice President, and the •. Treasurer of this Company, in rbneving on D-ecember 3, 1952, on behalf of•this Coapaay, tbe laan aeds September k, 1952, from ffinkers Trust CompeaW, 16 vall O Street, 1lev York, Esv Tork, in the sua of Oos Million Dollars-($1,000,000), and. in executing and delivering in the nass of this Coscpany its promissory note OA eviGencing said debt, bearing date of Deoesber 3, 1952, aad payable at said w b-aak ninstY (90) da7s froa said date, vith intereit at ths rate of 3% per anma %11 lrom said'date be and the sam0 hereby is in all respsots approved, ratified 04 ' - w aad eoofirned. ' ' On stotion of /5r. Hope'rrell, seconded by Mr. Qruber, it vas tmanimouslP ~. ImSdLPZD: 'mat the folloving anplofinents of Sal.esssn, vith the authoriza- • tion of the Sales Dept. and tLe appro.al of 7bdd Wool and I'. Hope'vsll, Qioe Presidents, be and the seae hereby are in all respects approved, ratified and eonfir.ed: ~
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John C. 7ord Edviii J: S'nglish Peter breme>r, III *Stvrlent,--=1.00 per hr. for 40 hrs. RE50LQSD: Shat the folloving enpl'oynents-at the 01d Gold Sraach be sad !hs saas hereby are In all respects approved, ratified and coniirmed: I At ths tats ofs Iffeoti.es aoeemarie )fcHugi CaTol J. Berhlardt $38 per ~'k 11 ~5/52 11srtLs J. Msrotta 42 - ' u/29/52 On motion of ltr. Haller, ssconded bT l5r. Jaaes, it vas ®aniaou.]y BIL50LVID: ftat the inc:eaas in salary bf Bita Von SarAgp, esploared it the Sev York Office, frbm the rate of $50 per veek, to the"rate of $53 per veek, effective Decesber 8'; 1952, b7 reason of additional responsibilities and beiag ao Yndi.idual oerit increase in-'ope=etion of an established plan of ss.7ai7 hcieases based upon nsrit and/or length of ber.ice vithin established salar7 rate raEiges, be and the saas hsrebT ls in all respeots approved, rati- f ied s.ad conf irsd . 'ms Secretary laid before tbe seting the follwing: wnth1T instal]asnts in advanoe; Lease dated Septenber 22, 1952, frca OrLsans-HVron; Inc., of Rooss 60b-05 Orlsans-Hlttan Building, Chicago, I11., for tvo years froa January 1, 1953, at a total reatal--of $6,120.00, pafable-'in equal mnthly installnents in advmae, umder terms and conditions therein set out; Lsase dated IIotember 20, 1952, fra Martin Building, Ino:, Stanley V. ATnbeta, Ino:, A-gent, of-Roo.ms 218-19-20 Msrtin Bti*LL+ng, Pittsburgh, Pbnna., for oa Jear froa Janvar7 1, 1953, at an aanual rental of $2,132.50, pa,abls in equal oooditions thersin set out; ysass dated Septenber 10, 1952, from Sylvia S: Robrish bf Booa 307 Publish.rs Eldg., 131 C]Arendon Street, Boston, Kass., for one year from JanudTY 1, 1953, at aa annual rental of $2,100.00, payable armthly in advance, under terss and .Leaas dated Ho.eaber 24, 1952, froa TbLe Indiana Tsrainsl and Befrig~a+tiag _. Co., of Roca 313 In.diana 2+erainal Warehouse, Iniianapolis, Iad., for one year fro:'Jantiart 1, 1953, at an aaaual rental of ;780., payabLe aonthly in aQsanoe,, m3er tsrs and conditions therein set out; each of vhich . ' appro.ed, ratified and confirmed. . . 4i - on eotion of Hr. Oruber7; seconded by Mr. Jeass, vas in all respeots f . y . ~
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r'- ~,.....n.. .. . .~ ~ ..198 _ At tbs rate of: : Old.Gola &anch ~ Arlbnd Maebs •• $90 per reek ZsrrJ J. 7Jnah 48 • • . . . _ ':' . On aotion,of kr. ;Hopesll, seconded by 1fr. Jaass, =ffsoti.e: 11/24/5? 11/19/52 it vas :maniaouslj REBQLM: That tLe folloving iacreasei'in salar7 of AssistA.nt Division rsaager and Salesman, saah etfeotiT6 Aorember 26, 1952, dus to promotion or bsing tnoident to t.bs ter1's of salary ag=eements oi to sstsblishsd salarJ late soLedulBs oo.aring rork assigaments sad in"'opsration of an establishsd p]an of*salary increases based upon mekit and/or length of serrioe Vithia astab- lisLed rate raSigps, be and the saas bereb7 are in all respeots approved, iati- fied and oonfiriedt lros the rats of: To the rate of: 1 #",000.; Qt abtim of Ys. Osagmri seoonaed by 1tr. Oruber, ths folloving ad.ertisina sipenditur6s, all af vh2ah ara a part of and vlthin tbe s® .of anaef aatavrised bY the Boaid of Direotors at a ajeting Leld September 19, 1951, for an adnrtising progtsu darin8 tbe year 1952, vere In all s+speots apprc.ed, =atifled and ooo2irmed: sstiaate #390, Suppleaent i, of Lsnnen & PeVeu, Ino., dute3 ao.embeir 10, 1952, -. eo.ering radio ad.ertising of OID CQID Ciglrettes (Queen for a Day progte,a), osr the Iintval Broadcasting Sistea, July 21 tttrough fieptesbsr 5, 1952Lat a cost of Zsia D. Bchwarts ~68 per .eek =78 psr veek ?6o.es J. Held 60 • • Iev York Cit,f, in Deoeaber 1952 and lebrosr7 1953, at a cost of $9,932-40. 3nsertian scbednle dated Catober 28, 1952,- of Albert Traak-Ouentber !u. Inc., Ad.e}tiaing Co~ products ln financial nevspapezs aM say%:imVas sLavn '!hs 8aeretarJ laid befors the msting the follooing: Lsase dated October 10, 1952, from villiaa and Va®oer Inlrostnsnts, Ine.~ of ,8ooa lAA, 1330 North Industrial Blvd., Dallas, Tems, for three years fron Ootobsr 15, 195Q, at a total r8nta4 of ;5,b00.00, payable aonthlf in ad.anoe, Lsass"dated Septeaber 8, 1952, ffrom L. J. BcaleJ and Abne7 Boxley, Trustees " for Nrs': Vnl, S. ffoalef, of Office 417 Bozlkf Ballding, Roanoks, Va., for oos 7ear from JaSinarY 1, 1953, at an annval rental of $358.88, pnfablA aonthly in ad.ancs, tmder terms and conditions therein eet out; Agteesent dated September 13, 1952, bet++een this Company and Aaeriaan Properties Co;, Ibo.,`szteading lnaes of Roon 201, 443 Broad Street, Reverk, N. J., for a !'stebsr Lers of one year fraa Janusrf 1, 1953, under terma-and conditions sst forth In saib lease, at an annval rentsl of =1,110,OOi payable santh]J in advance; tmder terrs and conditions tbsrein set out;
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•MMMi not this compaqy aoatributA to Natioaal looadation for Infaatils Paialysias tbs s= of $1,000.00. Y •on aotiao dnaT sade aad ssoow+sd, t2ie seeting ad3ourusd. Saosetat7. \ :199
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~,. -...._. ... ~...~~_.~ .,w,.~a.~s.., , .~.,,n.. - .- _ . ~ _ ... . . ~. . :. ~ ~ . .. .. ~~..-..... _ . _..,...r..~...: _. _... , .,.~.__~- . i - to.ember 26, 1M regular meting of the Executive Camittee of P. Lorillard Co=pnsw wss As1d today at tLe office of the Coapatp, 119 West LOth Btieet, Yev York City. Tbsra twrs pr*aent Msssrs.: H. A. Esnt E. Y. canger V. J. Ealle7 7. Hopsvell J. J. Bleo1ma11 L. Orvber L. Jaass _ Todrl vool ° IIr. Lent, Cbairsan of the Board, presided sad the Seoretary acted as Eeoietat7 of ths meting. on nction duly assds and seoonded, tba reading of tLs asmites of the pre.ious esstiag vas diapensed vitb. . • . . ~ . . ft . siotioo of Mr. Hopevwll, ssoomisd bI 1r. Jaass, it was ananiaonsly jZSCdVZD: lbat the aotion of tbe ftsontive Yias President, aad the Treasurer bf this Co=Fay, in renewing on So.emlber 24, 19520 oo beLalf of this Cc,mpaW, the loan sade August 25, 1952, fros Chsaiaal BsaY and Trust Cospany, 11 West 51st Street' Ew York, H. L, in the sun of One r1111on Dollars ($1,000,000), and in azrouting and dsli.oring in tbs ness of this CoeTany its prossissor7 nate evidencing said debt, bearing date of 8o.esber 2b, 1952, and PnTabl,e at saL3 benk nineb-tvo (92) days from said date, vitb interest at the rate of 3% psr aan= from said date, be aad tas sas bsreb is in all•sespeots approved, ratifLd aad oonfirsed. On mctioo of Mr. Hppsrell, seoombd by Mr. Jsass, it vaa :maniaa»ly USaLM: Tbat the action of the Ezeouti.e Yioe President, sad the Treasurer of this CcmpnW, in rensring on Ho.eaber 24, 1952, an behalf of this Compaay, the loan estids August 25, 1952, froa Hstiaoal City Bnnk af Hev Iork,- klst Stteet and Eroadvay, Hw York, N. I., in the sus oj One Million Dollars ($1,000,000), and 'ia ezeouting and dsli.ering in the aas of this Cosrpany its prossissorT nots evi- danaing said debt, bsaring date of IIo.emb.r 24, 1952, aad psyabls at said bank ~ sinet,f-tvo (92) days from said date, with interest at the rate of 3% per affius lrom said date, be aad the sass bereby is in all respects approved, ratified aad eosdirssd. Oa sfotion of Mr. IIopesll, seoonded by Mr. James, it ras umsniawsly iqSMVID: Tbat the aatioo of the Executive Yioe President, aad the 15i+asurer 'ef this CompanT, in renerring on November 24, 1952, an bsbalf of this CasVatp, the C f loan .eQe August 26, 1952, from National City Bsnk of Nov Iork h , 0 (~100000d Droadva7, Bw Iork, a. I., in the na of Ons Million Dollars,,,•an in ezeauting and delivering in the mse of this CosipaIW its pro.issory note e.i- danoing said debt, bearing date of lio.eaber 2b, 1952, +nd DaJ'able at said baaf: ssinastr-tvo (92) dafs from said date, with interest at ths rate of 3% psr aneaa• =roa said date, be and the saae hereby is in all respects aD?eov.d, ratiffsd and oonfirmsd. , ~ . On notion of !r. Hopevell, ssoondsd by Mr. Jams, it vqs +mnniacus17- RUOLVED: That the action of tLs Snsauti.e Yic. President, and tLa Treasursr of this Ccspa:p, in rensving on November 26, 1952, on beLalf of this Costlnqf, the
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= .197 I tor+s of any two of the folloving: loan sd8e august 28, 1952, froo,7to Hsno.er Bank, 70 BroeQvar, Ilev York, Yer York, 2n the sun of One Hillion Dollars ($1,000,000), and in ensontinQ and deli.ering 'in the nems of this- CoarpanT its pronissoz7 note e.lEeaoin6 said dsbt, bearing dnte of Hovembsr'26, 1952, <aQ pa7able at"said•benk niaaty (90) days fraa saia date; .ith interest at the rate-of 3% per anmm frvn said da;e, be and the ssms hareby is-in all respects apDro.ed,•ratitisd and oon- fi=aed. Ob .otion of !c. Jsms, seoonded by Mr. Oruber, it vas -taousir H:8MM: Tbat a Retiremsnt Allovanoe Plan Acoount be opened and rain- tiiasd in the nasd of this Corporation vith"ths Cbesdoal Bank and Trt:st Oo.panw, Eockefellrer Center Bie.nch, He. York, Sev Tork, and tbat a11 oLeoks dtwa againat say of the ftmds of the Compe.nf on deposit vith CLeaicel Bank and Trust CosT+n7 to'ths oredit of the Retirement Allowance Plan Aoooimt s2:a11 bear the signa- _. A. tent E. x. OnnSrr V. J. Hs11sT Todd Wool F. Hopevell I. ff. PeaY L. Ortter 0. 0. Davies T. H. Yeisks S. V. Saimann J. J. Darby J. L. Nasoh V. J. Hasarak. Qhnir.an of the Board President " •~eout2re Yioe Pz. s idt "' Vioe P~sident and Saozetar~ 7 Tios President Vioe 13re s ident rioe Pie'stdsnt Treasurer Jsst. Seotf: 'aLd Asst. 'heas. Jsst: 'hesna+r Oos7tro2.2+er Oashisr On antioa of Nr. Oangsr, seoonded by Mr. Blaclmall, it was tmaniaously oonfirmsd: EESOLVBD: Tbat the following b'rplofesnts of 8ales.en, with the aatborisa- tlon of tbs Sales Dept. and thb apprbral of Todd Wool and 7. Hopevell, Yioa !'resiIIents, be and the sass berab7 are in a11 raspeots approved, ratified and John s. )Eosller Joan 1[. Batlan.io John R. DskU Ross J. Digeti Zdvard B. lheexetin Lloyd I. HeBdlton 9illisa H. Semieth VqTtie T. Perkin "' Iavrenos H. Yalksr Vi,lliaa H. Ya=e Zffeotirs:
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/ At the rab of: tmsatavnsly- sas Lareb7 aa+ In 1CR4MYID: 2h3t the foltoring increaees In slar~• ef Salesneb, eaL+h Kf+sotire Horeabsr 17,-1932, being inaident to the tsrsss of sa]ary ageeasntg or to establiabsd salary rate schedules ao.eriiig vork assignn.nts and in -. opsration oT an establiahsd plan of aalnry~increases based upon nerit and%r length bf serrics'Vitbia eitdblishsd Tate raages,bs and the saas bsreby sre aeoras )[. Brb%+n . Joesph P. Chirdons . ' - Ja.es V. Chtistian -' lOaTnod J: )Suirptp, Jr. Darrell llvner Glads-v. Bsst _ Arthur 1[. Liebersdri " " " 68todent, $1.00 per Lcar for At the rats of: =ffeoti.e: ~n pn' eeek ~s. . n . . ilh7/s2 . ., u/D 52 • 3D per aanths u/152 30 hours • an aotion a? 1lr. 8sllaf, saoorlsd W lEr. Jsass, it nas -![ffiMVID: That tbii follosing esploff.ents be aad tLe all rsspsots appr•ored, ratif.i,ed aad coaft='nd: in all :erpeots approved, ratified aod aonfirsnd: ~= Traa tbs tats of: _" per seek iffeoti.e 2fo:aabsr 1, 1952, doe to ptiaotion, be end the sespsata approved, ;atified and oonfirrsd: Tras tLe rate of: .• JoLn Boh1k"sn 3k2p a • Darid Anderson 3600 0 Yalt.r Yan Elden - S355p Per ~ 'lb.tbe rate ofs =60 per veek .60 . . . 60 . . 64 ' ' U-i t
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195 . / On mction of Mr. Oaagar; secoaded bT lr. Jaass, the rolloriaa adsrtiaiag •zpsarlitur6s, a2l r!f vhSch are a part of aad vithid'ths s:as of nonsy_authoris.d b7 the Sdard of Direotois bt ssetings held SepLsabsr 19, 1951, aa3 October 15, 1952; for bdwrti"siag progrsas dvrifdg t2r Iears 1952 aad 1953, wera 1n all sv- spsots approved, ratified aad confi,rmed: =sMEates of U naea i Se.ell, Inro.; am rollors: #k26". dated Ootobe"r 22, 1952, coverin8 tsl..isicn adv"srtisiag or DMA£+ST Cigatettss (sponaorship 7Cabaasy Club'), October 7 tbroc& Dsossibsr 30, 1M, at a eost of $155,486.85; fic^9'i dated Catobe'r 10, 1952, casriog te2,erision adsltising"or OID (iaID ' Qit}rsttes (sponsorship 'Two for tns HoaeJ'), Ssybsabsr 30 tis•ou40k Dsoeabar 3D, 2,9''2, at a cost oZ 5533,9p-39; . P31, natad October 15, 1952, oo.ering prodnotioa oo.t ot KRILIL tele.isioan- tas, at a cost of 4590.; , fk35, dated llossber 3, 1952, coverint'a:maumcsr toir DXASBM hltcbhSb (Cheuoa of a i.ifstims tslevision sho+r), Ootober 30, 193Z ttrtwagh MnT 1h, 1933, at a eost of $3,335., of vhicL f1,o35. is'to be cbnr~d to.tbs 1952 ad..rtisiaa t, aad $2,300. to tbe 1953 ad.ertiaing aadsst. Ibs Seoretsrt laid before the rseting the iolloriags .• .' . oobttabt dated aovtsbez 7, 1952, vith Joiim Yors11 &'Co., Im.,'7fsw TorY, Y,' T., for pmmcbnse of Ynethrus-EztTe.ot j20 during tbs period October 1, 1952 throu& August 31, 1953, under teras aad ooaditions tLerein ast out, vhich ' On stoEion of Mr. Hopevwn, secooded by Mr. R,,,,:A„s", tts In au respsota -appro.ed, tatiiisd and coAilrned. On ootion of 14r. Osnger, seeoaded bJ Mr. Hopevsll, it .as umanisonsly BX5oL4ED: 'lbat this CoaopaxW ooatributs to Disablsd Jas=icaa Tstarasis the sm of $1D0.00. Oa ssrtion du'!y as3e and sacoad.ed, tLe sssting ad,joorosd. ,- ' _ j~ lti~ ~- s.ar.ar;.
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- On .otion oi Mr. Eopesrell, secdndsd by Mr. oruber, the following ad.er- lising ezpenditvres, a11 of vbich Are a part of and rithin thD svme of aortisT " thikd b Bodr DIi bld Sb 19 1951 i anorer thear o=ectors ht aeetngseptmer,,or ~ an advertising progrem during'tbe 7ear 1952, and at a seeting held dotober 15, 1952, for in advertising progrea during tbs Year 1953,, "" In all respsots aPAro'rsd, ratified and ooof irmd: - ZsMaates of Lsnaeh ilevsll, Ino.; as fol2ovs: ` #423, dated Ootober 1b,"195p, coverlad tslsriaioo advertising of-diZ1 G07D 0lgarettes (half-sponsorship Yadison Sqoara Oarden events) o.er 9tstion WPIX, Cebober 22, 1952 tbion& Haroti'29, 1953, at a totsl"'cost of.*2b1;oo0,00, af •hioh $106,k W.55 is to be charged to the 1952 adrsrtising bud8at aad ;13k,5fl9.15 tA tbs 1953 advertising bva~pt•, ~- #424, Buppleasnt7l, dated Dotober 15, 1952, Urv*in6 spot radio a3srtisina of MD OOip Cigai-ettes over Station iiTIC, Ssrtford, Cona., Qotober 2, 1952 tbrough Beptsaber 26; 1953, at an additi:o7oal oost of $1,395.00, c;f +hioh $351.00 ii to be oharged to ths 1952 aavsrtisla8 buagst and =1,Okk.0O to the 1953 adsrtisiaa budgpt. Oa s+otion of Mr. Osisger, seoonded b:r Mr. Oruber, it was vmnia6usly EffiOLYZD: Ybat this CoatpatW contributs to the Lentnoh,T Child gsalth Tounda- tion the sm of $2500.00, to be paid in equal aaaua1 installmsnti o! ;500.U0 . raoh. Qn notion of Mr. OatsVr, seconded by$fr. Bopevsll, it tas uzmnailiouslY ES80L=: 'mat this Carpsxp contribabs to the ria.e]ars Ald Soo" of r Nsa York, for 1952, ths sua of $2yD.00. - . ~. 17 ~ Qi notion of Mr. oaa@sr, seoonded b, Mr. Balle,; it .ae :maataously RE50LVJM: Sbat this CcwPArW oontribute to the ae+r York Assoo7ation for tb Blind (7hs Light2loass), for 1952 amd 1953, the sua of $1,000 ;00: on aotioa of Mr. Halls7, seooosled b7 l[r. HopsYSll, it .as tmaniisauly ' 2b&t this Coa+paripr ovotributs to the Tederation of Jsviah BZSOLPID:. lhiLathropiss, for 1952, the sat of $2,000.00. On motian duly ssjds and seoonded, tLs sseting ad3ourasd. - , / ~ .. ~Asistanttai7, r ' 1
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9 ~ ~J~ ~~v ~6~ -~ =, . . = 4r(~a ~. • ~ ... .7 ~AN ,~qtf ~d~a. $ M •~YO~ . .... . ~ ` ~ ~a~~ x : ~~ ~ x 0s &. A 3 A *0 ~~ ~ ~~~~~~~` ~ i' "' ~ ~ I1 .~ I ~ N A.i • ' . . ~~ . ., rl v ~ 0 N .~~ ~co ~,1 '~ ,91~ kA~ ~ ~ ~~~ A ~ ~~
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fo.eaber 12, 1952 1 regular aseting of the Ezeoutire Comittee of P. Lorillard CospaqT vas b1d today at the.office of the Covrpany, 119 Vest kOth Stieet, Sew York City. msre veze present Hsssrs.: H. A. Lent H. x. Oanasr V. J. Halley . - s. Hvne+ell J. J. E2ankm1l L. Oruber A. Jaasa A. r. Voessner, Assistant Secretary /lr. bent, Chairaan of the Board, presided and the Assistant SeoretarT acted as Secretary of the sieeting. ' On siotion dulT ende and seoonded, the reading of the niautes of the previous soeting vas dispensed with. On notion of Xr. Oaager, seconded by Mr. Hopewell, it was smani.ousl7 8UOLVM: Sbat the aotion of the ~ecctise Vice President, and the Treasm*r of this Coapnny, in borroving on No.enbsr 6, 1952, on behalf of this Companl, froa IFanufaatRrers 1`rust 'Company, 55 Broarl Street, Nev York, lfev Iork, the sua neaa of One Million Dollars (Z1,000,000), and in executing and delivering in the of this Cospanf its promissorf note e.idancing said debt, bearing said dats and pa,Ifbls at said bank ninety j90) days froa said date, with interest at the tate of 3$ per annua fr•oa said dete, be and the saae herebl is in al1 respects approv+d, t•tified and coafiresd, on notion of Kr, dBager, seconded by Kr. Hoperoell, it ras u0an.laouslP S60LVHD: Mat tha' action of the Hzeovtiv+s Vice President, s.nd the Treasirsr ot this Ccapaal7, in borroving an Ho.esber 6, 1952, on bebalf of this CoapaqT, froa Chemical Bank and Trust Cosrpaa7, 11 Vest 51st Street, Le* York, New York, the sm of One Nillicn Dollars ($1,000,000), and in emcuting and delivering ia the natts of this Company its promissory note eTidenaing said dsbt, bearing sai.d date and paJable at said bank nlnety (90) days from said date, with interest at the tate of 3% per aenus,froa said date, be and the sam hsrebP is in all respects apyro.ed, ratified and oonfir.ed. ~ On sertion of Kr. OanBer, .eooodsd by Mr. Hope.ell, it ras nnanisewslP IKEgOLQID: Thst the action of the Enscuti.e Vice President, and the Trsasuser - of this Caetpaav, in renewing on November 10, 1952, on behalf of this Coapaq7, the loan ssds August 11, 1952, frc; 0uarant7 Trust Company of Ew York, 140 Broadval, He. York, Ber Iork, in the sun of One H1112on Dollars ($1,000,000), and in ezeouting and dslirering in the nase of this Coepany its prcaissot7 note evidencing said ~ debt, bearing date of November 10, 1952, and payable at said bank niastl-one (91) Q dafs from said date, ritL interest at the rats of j% per aamum frca sald date, ~ d d i { aoaf . • W rse Da and the sasr LsrebP is in all raspeota appro.ed, ratifisd an on sation of Mr. Ganger, ssoooded by Mr. Hopevsll, it was uaaniaouslJ ~ eQ gffiOLPHD: That the action of the XmcIItire Vice President, and the Treasurer N of this CompanT, in reneving on November 10, 1952, on behalf of this Company, ~ the loan nads August 11, 1952, froa The Chase Rational Bsnk, 18 Pine Street, tew Iork, 7iev York, in the su= of One 14illion Dollars ($1,000,000), aqd in ez,eouting ri Ii I e
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..A • 181 and dali.ering in the•nam of this Conpdn7 its proaissoarT.eote e.ideneiaa sai.d dsbt, bearing date of Ho.enber 10, 1952, and pe,Table at said bank ninet7-ons (91) days frCU' said date, nith intereet at the rate of 3} per anauni from said date, be.and the saae hereby is in all respects apylo.ed, ratified'and oon- fite,ed.•. ^ . • .. . . . ~ .. f. . . . .. • - Cn aotion of ]4r: S3nager, seoonded by Ilr: Hope..ll, it *as cmaniaouslT - RR40L9ED: That the aotion of the Esnouttw Yioe'Ptesidant, an3 the 4reasurer of this Conpe.ny, in senering on Ho.ember 12, 1952, on behau of this CosparY, the loan nsAs Angnst 13, 1952, froa (k+areat7 Trust Conpan,f of He+r York, 140 Broed3aT, Sev Tork, liew York, In the eta of Ons 1{illion Do11ar+ ($1;000,000), aad in executing and dsli.ering, in tbe nams of this Cosma:W Sts praaissorf note eridenaiag sald debt, bearing date of Yowaber 12, 19W, and payable at said bank ninety (90) days frcn said date, vith intorest at t2fe rate of 3~ per aan= from said date, be and the saas hereb7 is !a all lespeota approved, ratifled and ooanfiimed, , oo a»tion of /[r. Ganger, seoand.d by )Ir. Bopan.ll, it ms tmasipnalT 1CE8dL4ED: Sbat the aotion of ths Smanti.. Yioe President, and the $eastaer of this Coepnxy, in reteving on Hore.ber 12, 1952, on behalf of this Cospaty, the loan neds August 14, 1952, from Cheaical Esnk and R1vat Conpatp, U S:est 51et Street, f;e~'s York, A.r Tork, in the ssn ot- Ons YtilLloo Dollars ($1,000,000), and in executing aad deli.ering ia the nnas, of.tAis CoapatyT its proaissory note e.idenoing said debt, bearing date of Ho.embar 12, 1952, aad Fayable at caid tank niaetf (90) days from said date, vith in.tervst at the rate of 3f per anncm from said date, be and the saae hereby ir l.p all respeots approved, ratified an& confirsed. . •- . .. _ Cn nation of W. Oanger, seoonded by 24r. Gtuber, it ras imanlaoyu~ BEtCLVSD:' That the following esplo7aents of Salesatrn, Vith tbe.aqt3:ori- sation of the Sa1es Dept. and the aypro.al of !. Hope.ell, aad I. H.,Pepk, Tioe Presidents, be and the snae herebtrT is in all respeots aypro.ed,.raYifisd and oaafirsed: At the rate of: atokson A. Bsgge $55 Pe:' Veek mc.as 1. Dolaa Jr. Ys • - , Loftrss ~ . Waraer = . . Trank P. Lopezzo ~ . . Joha 0. risndel S9 . . Eairy W. Molter n . . 8al.ato=e-J. Oddo 55 ~ . Alis Z, Rose, Jr. 3S . Arnold R. Wedel  n . on .otioo of kr. Ganger, ZiYbotiw; , - ,.. seooaadsd by Mr. oramer, it .as %me.ni..cj,slT =50LVID: That the following emplo7ments be aad the ssn hsreby ase ' au respects apppro.ed, ratified and ooafitsed: Nov York Office Ann Lovegreen At the rate of: lffeotiw: , #.10 psr ..ek - ol,r Gold Franoh Anthony C. Yinsiok 65 • . utt/5z . . u/3/52 - -
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at the rats Of I, per aanaa fron said date, be and the saas hereby is in all :.speots appro.ed,.ratified and oanfirs•ed. On sotion of Yk. Blaoboall, esoanded by 1br. Jass, 1t vas ®aniaaisly . ffiSOLVED: Tbat the folloring ezployatrnts of Salesasn, vith the anthori- sation of the Sales Dept. aad the appro.al of F. Soperell and I. 8. Peak, Tioe Prssidents, be and the saas herebP ar+ in a11 respeots approved, ratlfied and oosxflr.ed: At tha rate of: tffsotin: Donsld P. Dv»r Donald L.Holbrook Shaaas J. Seating Villiaa lI. Leaoh, Jr. Donazd a. HeseroLs on .otion of Nr. B]ackmll, 11/3/52 . . . . ssoondsd by Hr. Jaae., it vaa tmaniaously gLSCdPID: That the folloring eaplofmsnts be aad the sar hereby are in all =espsota appro.ed, ratified and aonfirred: Old Oold Branoh 2090 x. caroy - Darbais A. 6aith . Jndrer spotfl ldrSa:.t ib0loin At the iats of: _ lMeotite: . $k0 per .rsek • - 38 ~ . . 37 ' Toais.111,. Branch Donal,d =. Coleeaa 51 . 10/27/52 . 10/29/52 10/30/52 20/29/52 On s»tion of Mr. Peak, ssooadsd by 14r. Jeass, It vas unnniaonsly RISMTID: That the follovia.g increases in s:larf of Salresmn, each ttf'sotiw Ea.eab.r 3, 1952, being incident to the tars<s of salary agreements or to established salary rate schsdules oo.ering vork assigmenta and in opsretion of an .stablished pltn of salarP iaoreaaes based upon asrit and/or lsngth of ser.ics .ithin establisbed rate taages, be and the saee hereby sre ia al1 respeots approved, ratified and ooafiroed: ~ '- 7raa ths sats of: To the rate of: Xok D. Sos+ll $55 per wek ~0 per veek Dh.id T. DooeT . . ~ . .50 . Q O.rr H. Qniaonss ' 50 55 . e lbrton P. Starr 50 . • ~ . . W 'ms Seos+tary laid befors the seating tbs folloriag: Laae, dated Septe.ber 30, 19'.p, froa First Flint Corpoia tion of Roos 1202, istropolltan s'°,l^t+g„ Flint, Kioh.; 1to.eaber 1, 1952 to Deoesbsr 31, 1953, at a total rental of $910., paYabls in eqoal nonthly instalhsnts in advance, sadsr tsras aad oonditlons therein est out; Lsaas dated 0otob.r 13, 1952, froa ua. K. 1(oore Co., Inc. (Agents for Moors anildlng of roas 215-16 The Noore Bnilaing, Tfoatgo..n, Ala., for ons f.ar froaf Deoeaber 1, 1952, at an anmm.l rental of #900., pafable .onthlj in ad.aaos, anGe= tsrsis and oonditions tbsr.in set out; vhich t 1 t_ 0 Ii) El 1
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1 , 1 M 1 ~ • .~ ~ i ~ ~ ~ d ~ ~ ~ . . . . . . . . ,fi . . . . . • t . . . , . i 04374330 y
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-~~- --'~---~- ffi3OL=: Shst this Caailnvy oontriDuts to IInited Cruaed., 6aa hanoieoo, Calif., tb. sts of $250 .00 . On swtion of !!r. Oeagsr, ssooa3ad by Hr. Jnass, it :rss :msala4asly UBC6.S'XD: "at this CarVn:W ooatribnts to Boys' Clnbs of Aasrics the sm: of $100.00. J On aotion du•',r a.is rad ssoooded, tLe m.tiag .dyotaosd. ii LI n
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Nawab.r 5, 1952 177 , A regular aastiag of tbs AYsoatiw Casmittee of P. Lorillsrd Company ws Ls11d todaP at the otfioe of the Cospaay, 119 Vest k0th Street, Her Tork City. There •.re present Msssrs.: H. A. Sent I. Y. Peak . _ :. . J. J. Blecknall L. Orsb.r .A. Jaass 4+odd Wool Searstary of the s».ting. IIr. Isnt, CLairmn of the Board, presided and the Seoratsr7 acted as On s»tion duly aade and ssoonEsd, the reaCina ot the ainabss of.tLs . previous sseting vaa dispensed with. Oe notion of Id•. PeaY, ssooa3ad by Kr. Jas.s, it aas Umaaiaonsl7 ~'saLlrm: Rhat the action of the ftsoat iw Tioe Pre s ident, aat the ( T4+asia•sr of this Cozpa=p, in borroring on October 29, 1952, on bahalf of ~ th1. Compstp, froa Chestioal Sank and grast Caayany, U Vest 51st Street, He. York, bssv York, tLs sum of Ons ltillion Dollers ($1,000,000), and in ~ executing end dell.erina in the rraas of this Company its yro.alssorT nabs l eridenoing said debt, bearing said fabs and pafabl.e at said bank nimtT (90) E days fros said date, vita interest at the :ats of 3% per aanus froi said date, y be and the saas hereby is in all respeots apprcred, ratifiod an3 oonfirmsd. Cn nation cd Yr. Peak, ssoandsd by Mr. Jeass, it ras tmnnlmnsly RZSCLAID: ftat the action of the Jmsoutiw Yioe Presidsnt,•sad the TreasMer of this Cczpen7, in borroairg on October 29, 1952, on botsalf of tbis Cospany, froa Guaranty 1ru3t Coe!yauy.of Es+r Tork, 1b0 ffi•oadvaT, Ssw York, low York, the sun of Ona 1ii111on Dollars ($1,000,000), and in executing aad dsliwring in the mas of this ComynAT its yrcaissor7 note e.idenoing said debt, bearing said date and peJbla at raid bank ninst7 (90) days f1•oa eaid dats, eith interest at the rate of 3$ per aayum frcm said date, be and the sar heretrT ia in all respects ayyrv.ed, ratified and aoafirsnd. --- --,- -- -On .otion of Mr. Peak, seooaded by )(r. J+ass, it eas :mnn2noasly Fi60L9ED: 'mat the action of the Emscvtiw Yioe President, and t6e '4yessursr of this CoepaW, in rensv'ing vn Basabsr 5, 1952, on beLslf of this Co=paa7i the loan mde AnEiust 6, 1952, frea Ccaaioal Bank and Trust ConvanT, 11 Yest 51st Street, lfe. York, lfsv Tork, in the saa of One 1(illioa'Dol7ars ($1,000,000), and in executing and dsli.ering in the nasb of this Company its pronissor7 note e.idenning said debt, bearing dats of IIotesbrr 5, 1952, an3 pafnbLe at said bank niaaty (90) days fYoa said date, rith intei•est at the rate of 3% per annia froa saia date, be aad the .nas hereby ia in all respects approved, ratified and oonfirssd. on s+otion of l(r. lba]t, seoonded by lr. _Jasss, it aas tmaniaauslT Ii PJS0LPED: That the action of the X~xeontiw Yios President, and the Treasurer of this CoaPLAY, in remving on Eo.estber 5, 1952, on behalf of this Ccs[yaqT, the loan seds August 6, 1952, froa Ths Cbeal.ca.l Bank and R}rst Coarpaty, U West 51st Street, 1Ger York, Tsr York, in the sa of Oos ltillion . Dollars ($1,000,000), and in executing and deli.ering in the nnas of this Company i P47asa ~ bank ~aim~ (9~0)a daTs ir~asa~id d~aa, .3t~int~er+:C }9
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z , , ~K 1 .3 .; ~ I " ~ ;~ r i 4 , I t lit 0 tlg t. "~~ w 13 x .4 ,~s~~~ id!JiII1 i ~ M•d M~ . ~riNM•Oa~~ V •o A A t I ~~:~~~ ~ gaft ~~e~a~ ~ •~BN~~B~ ~ o ~ ~ ~ ~ 9 " ~~ A ~ , t~ ~ '' ~ ~ . ~ ~b . ~ 9 1 . 8 m A a~ ~~~~ a-~ef QQ~~O1i •'~~'~EfL ~~~~~~~~ dq ,~ wl ~•. { ~- , M ~~ p ~•, ~ ..yyy ~~ i Y ~~ ~ S ' i Y ~ .-^• X MU.1 . w i , ~ g~ ~49~ g @~~;w .:lffi,~t ~.~ ~~ sY ri O ~ "Y ppw• Y+ M O d -alQ, ~ q~ 9 . to 3 ~. ~ ~ . -- ,---~-- ! , ~ 04374333 . M ~ H vvv ~ ~ .,7[A ~AG~ ,,. ~ A N ApMHx~ iiiliil
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- At the ra:b ofs 175 • Efieoti.a - iihitlook Eranch ` ltaak V. Stokes $47 per "ek 9/30/52 Ca siotion of )!r. Salle7i ssooadsd by Nr. Peak, it aas unaniaouAT I M0LPEDs 'mat the following iaoreases in salsi7 of 841s4sn, iaoh Kfeoti" October 27, 1952, being incident ta the tarss of salar7 ag:+.a+nb or to establishsd.salas7 rats -soh.dalss ooreriss .orlc assigsmnts and imL. _ oparatioo of an established plan of salery- inor+ases based upon ssrs'it assd/or length of service within eitablisLad rate raagss, be and the saas hereby az+ !sa all respects approved, ratified and confir.ed: Y hcm the rate of: To the rate of s ]l1bba-rd L. Lrieger $55 per week *60 per vsek Eerbert )SoQvada YS 60 riaoent J. Alessandra 50 ' ' 55 ' ' Mos:ian JA ' ' G E SS • • . . •-W. C. Otts 9J . 0 " ' • On ssotion o! 14r. Ganger, seooaded by Mr. OrtiDer, t,'e following sd.er- tisin`g ezpenditm+s, sll of which ars a part of and within the sun of ssvas7 aathorited by the-Eonrd of Directors at swtino bald l:arch 20, and Jnns 1B, 1952, Tor an ed.erti.ing aad pnblScitf progr.a during the fear 1952, wre isf all respeats apprc•.ed, ratified aad confisssd:' $125,583.64; EstSaates of Toumg & Rnbioas., Ino., as folloss " ~ #25, d3ted October 3, 1952, ocr~rin8 nevsjaper advertising of IM Cigat+tt.s as therein sst out, Harch 26 thzougs B.Ptsaber 22, 1952, at a tutal ooet of #26, dAted October 1, 1M, oo.ering taapsper a3..rtisissa of IE.Tt Cigarettes as ther.in sst out, 6epteabar 29 tbroa& IIo.eaber 1952, at a total oost of #"!T-I, dated Cotob3r 16, 1952, covering tsle.isio6 aQ.ertising.of KM Ci"ttes ( sponsorahiP The Yeb), 6ePteaber 28 through Deoesber 21, 1952, _- at a totall oost of =379, 395.2k- ------ --- Shs Beoi.tarr Li.d before the sseting the follo.iags - Coats+ot-aated BePtember 5, 1952, with ibs Dow CLeainal Cd"spazy, taiAl...A, Itich., for purcLase of Diethylene 61Tco1 for nse at the Jersey City, E. J., and Lonisrille, Ky., PLA.ats- of the Coryeny, 6ePteabes' 1, 1952 through D.oesob.r 31, 1953, und°r term and aonditiona thsr.in s.t oat) vhiah ~ Qo s.otion of Mr. S1aoYaa.11, ssoondsd by Mr. Hopawll, vas in s.ll respects approvsd, ratified and oonti:asd. On aotion of Mr. (iangsr, seoomsd by ![r. Hopssell, it vas MMnis.ousiT O 1l7SCL?'Eas That this Company oontributs the sas of =5,800.00 tb the ~ ~ Casmunitf Yund, to be allocated to the various Plaats bt the officers af the Caowas;l. . _ _ . ~ Qa .otion of ir. Oas>[qrr, ssoooded by kr. Hopevsll, it vsa ®aaiacusly C,J W 4h I
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-~ ' -~J--~J-- . Hev 7ork Uffioe Ca1eb Broker, Jr. Anthospr Bsroellona 10/p/52  Old dold Eranah Tliaea-s H. :1ymh 45 ' ~ 2o/l5/5e Arthur 0'Reefe 33 ' Dorothl xisb.u . . 38 ' w/is/52 - saa srnnoraoo Office 'rsrr L. IItsinger . ~4 ' : 9/3a/s2 - Qt aotimof Mr. Oanger, seoond,eQ by Mr. are in all respsots appro.ed, ratifisd and oonfirs.d: Hopsvau, it nas Maniaoaal, - 2I780LPM: That ths following increases in salary of SaLesmbn and "' . Clbrk, each iffeoti.a October 20-,-1952, being inc'ident to the te=+s of sa]arl agreeasnts-or to establiahad salar7 rate schedaleti'aos.rina vork aasig:asnts and lii operation of'an estnblish~.d plan of saLnry iinr+aaes based apom nsrit atfd/or length of ssr.ioa rithiq established rate-raages, be and tbs sars Ls•lq 7rod tbe rib of: 2b.tbs rat+ o!• -- -- -- - -_ _ .--- • • -- .-. Slalter 7. SelJy ~60 per v.ak $65 per v.ek - --.- 11ar}ie Vinoe Charles B. Yoods Vayas H. Goodwin Q3or®s J. FeYes 7rank Di 7iore Y plan of salary 3aoraasei baeed upon .arit and/or l;angth bf sar.lce•vithin estsbliahad salary rate rangis, be ani the saas LtzebT ara in all respects apyro.ed,-ratiiied a.nd oooC'irsrod: ^ . r M • At the rate of: tffeoti.e: 46500 pe+ azw- ' 38 per reek 58 • • 63 • • ys • • . 60 • • 60 ' ' 55 • • - 60 • • SS ' ~ ~-- 60 - --- SS 33 . . . . 60 . . . . , . . . 50 ~ . . ~ ~ . . 49  . . 52 . . on aotion of 14r. Oangpr, ssoonded by Ilr. HopeMll, it raa :msaiaoas2y 1fE80LVID: Thst the folloringh:creases in-,salsi7 at ths Hev York 081o., effeotiw Ootober 27, 1952, das tb proeotion or by re+aon of additionnl respvs,- sibilities tad beiagt:diridna1 sorrit iacteases In oparation oi an estnblished Fross tDs rate of: m ths rats of: Ii Thosaa J. Lov,att roseph s. Berd:a s:anklin s. B3eratedt shara. s. MArrev- Saiiford D. Silverstein
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173 - Ootober 29, 1952 . A regular sieeting of the Yksouti.e Cosmittse of P. Lorillard CoeoaaP vas bald today at the offioe of the Cocqaar, 119 West kOth Street, Sev York City. ii Shss" v.re present Hsasrs.: H. A. Kent R. K. Oanger V. J. Ea11eT . T. Hcpevoll I. H. Peak - J. J. Blaokmll L. druber A'. Jaass Todd Wool r .' 16r. rent, C6s.irasn of the Board, qresidsd and the BeorstarP aotsd aa ~ Saore tarl of the ase ting . On motion duly aede and seoonded, the reading of the sslautes of tLs previous seting vas diapensed rith. on .otim of 1r. Hopevsll, seconded by Hr. OanB+r, it was unsaiaowl7 _ RFE;ULVZD: That tbe action 'oT the Executive Yie. Presidsnt, ard tLs ?:easmer of t'ris Cozpary, in borroving on Ootober 23; 1952, oo bsLalf of this Coapara froa Tbs Chase National bank, 18 Pins Street, 1Few York, fad'Tork, ths nan of On. riillion Dollars (YI,000,COO), and in ezsautina and dslisr2na in the naar of this Coapaqf its proaisaorir note e.idsaoing said debt, bearing aaid' dats and ps,jabls at said bank nissty (90) days from said dats, vith intsrest at the rats or 3~ peT annua froa said 3ate, be and the saaa nar+bP is in all respects appprored, ratified and oonfir.ad. _On .otion of Mr. Hvpevell, saoondsd by Mr. dsa(gar, it tas nnaniaouslT IMSCUIMt 2bat the aation bT the Szeoutiw Yioa President, and the -- $eastner of this Comvan7, in borraring on October 23, 1952-, on behalf of this C-bspanT, from tianafaota:+rs RSvsY Coepaqf, y} Broed Btreet, Lero Zork, Z.. Tork, the sua of Ons Million Dollars (t1,000,000), sad in executing avd' daliwring in the nar of this Co~ its proalssorr nots e.idsnoing said debt, bearing said date and'payable at said bank ainety (90) days froa said dab, vith inLsrest at-ths rate of"-?% psr ammua from said dats, be and the sasti hereby !s in a11 respsots apyror.d, ratifisd and confirsrd. .- On .otion of Ifr. Hoprsll, seooodsd by llr. Oanger, it eaa ®anlarsosl, '_ El "' 1lRSOLVmt That the action bf the Essouti.e Vice President, and the Treasurer of this OoQpan,, in borroving on Ootobsr 27, 1952, on behalf of tLis Coapany, from First and Fferohants Hational Enak, Ric~ond, Virginia, the stia of Two Eimdred 1$ouaand Dollars (;200,000),-and in executing and dsuvering in the nass of this Caspaqr its promissory note e.i.denoins saia Q debt, bearing said d'ate and payable at said bank ninst7-ona (91) days from said date, Vith interest at the rate of 3% psr aaaua from said daY.e, be aod ~ the sas IIereb7 is in all respects ayprond, ratified and ooafiraad. ~ onaotion of Ir: Hopsr.ll, ssoended by lbr, oanger, it vas nnaniaooslj ~ REBdT.VHD: That the aotion of the Yneoutis'Vioe President, and the w tr.asursr of this CoetpanT in rensving on Ootobar 27 1952, on behalf of this ~ Cos~, the loan as~e July 29, 1952, from ibs fianosr Bank, 70 Braadw7i
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i?o .. , _ _ Ootobr.r 22, 1952 , rsgular nseting of the L'xsouti.e Coomittse ot P. Lor3llnrd Coapany~" vaa h.ld today at the office of the CozTaN, 119 West bOth 6treet, Eev Zork Oit,7. 'mere vere yiesent lfessrs.: H. A. bent a. x. aenser V. J. Ha7.lo7 1. HvDsvsll - L. Oruber , - A. Jaass A. ?. Yoessmr, Assistant 6eoretar7 11r. Lsnt, C2iairaan of the Board, presided and the Assistant Ssoretal7 aatsd as 8eoretar7 of the seting. ". On"sotioa duly wads and ssoonSsd, the reading of the niautes of tbD - - previous aseting vas dispensed with. on aotion of 1tt. Hopsvell, ssoonded b7 kr. Osager, it vaa umanirraisl, 8ES01.9RD: I'hat the action bT the tzeoutire Vice President, aad tbs Treasurer of this Coepany, in boriovin8 on Ootober 1•r; 1952, oa behalf of this Cos,nET, from Chsaioal Bsnk and Trust Coupaw, Eev York, Fev 7ork, the sua of Ow /iillion Dollara (4,O00,C00), and in executing aad'deliteiing in the rmaa ` of this Co:pszp its pronissor7 note e.idsnoing said debt, bearing said dnts and rs7able at said bank niast7 (90) da7s from said date, vith interest at !hs rate of ?$ per iianua from said daLe, be and the sass hereby is in s.ll' respects approved, ratified and oonfirm.d, On aotion of Mr. Hopevell, ssoond.ed by Mr. Oaager, it vas taaqiaously HffiCTYM: 1'bat the action of ibd3"Xool, lias President, and the Treamer of this Corvaw, in borrowing on Octobar 15, 1952, on beha7S of this Coepnny, from Oaarant7 :'ruit Ccapatp of Eev York, Lev 7ork, Txv York, t?» sun of .One K1111ca Dollars ($1,000,000), and in executing and delivering in the nass of this Co=part7 its proalssor7 note evidanoing said debt, bearing ssid date and payable at said baah nSnet7 (90) da7s from said Eate, trith interest at ths rate of 3¢_ psr samm from said date, be aai the ssar Dsreb7 Ls in all respects approved, ratified aarl confirasd. • Oa aotlon of Nr. Hape'vell, seoonded by rir. Canger, it vas ;maniaously H=OLYJZ: Tbst the aotiori of the ftsoutive"Yioe Presidont, and the 'h.asurer of this Coapaqy, in rensving on October 20, 1952, on bsLalt or tbis Ccmparyt, the loan sods July 21,'1952, fl"ox Hnaknrs Trust Cosps~,lfev York, aov York, in tbs nat of One ?Eillion Dollars' (41,000,000), snd In e3mcruting and dsli"srins in tLs aams of"this Cosnany its yroaissor7 note evidencing said debt, bearing date of Ootober 20, 1952, and payable at said"baak nineRj'-ons (91) daps from said date, vith interest at the rate of 3% per aamm frou said date, be aad the saaa hs=eb7 is in a11 respects approved, ratified and oonfirnsd. ~ On aotion of Mr. Ha11e7i seconded by Mr. Jaase, it vas unaniaously ~ 1=CiAZD: That a31 bbsoks drnvn a9linst aw of tbe f:mdi "of the Co.*aw on deposit vith the 7ara+srs Bsnk and Trust Company of Lnaoaster. Ianoaster, s~ peana7l,ranla, to the credit of the Regular Account of the Iaacaster iaaf Yt~ Departasnt of the CcMPsztT, shau bear the signatzu+s of any tvo of ths follo.inst i '
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~_ ---~- --~~ C. R. Irb 0. V. Osvald a. A. Lent:. Cn srtion of Mr. 8a11eTm saoondad by rir. Jasrs, it ws tmaaiaoualY EffiOLYEDs ffiata1Z ohtoks dra.n against aMr of the ftmds bf the Oo.pasp on dsposit rith the Fai'ars Bank and7Trust Coopsn, of Iaaosstar, Iwnoasb.r, Anasrl.ania, to the orodit of the Crop PaFasnt Aocount of the LmoasNr L.af DapaTbsent of the CompanJ shall bear the sigaaturss of any tw of the follo.- lagi of such chsoks. 171 4his resolution supersedes all pr+•ious resolutions in ragard to tbm siRning ag . 2bis resolution supersedes. all ps+•ious resolutions in r•6Mrd to the 1111901 R: A. Ieat:. C.R.lrb • a. x. osval,3 , • of suoh ehecks. On notion of Mr. Ea11s7i seconded bF Mr. Jams, it vas imanLaas4 HffiOL4ID: That all cbsoks dravn egainat aily of the flmds of the Co.0aiy an deposit vith the Fnimmrs Beak and Trust Coapacv of Lsaosstor, Lsnoast.r, Psnnb7lsaia, to the credit of the PsFroll Aocount of tha Ls,acastar Lsaf Dspartsisnt vf the CocqaqF, shall bear the sigaatnre of any obs of the folljoy- 1": C. R. Erb O. V, Oswald E. A. Iants provided that no check so dravn is to bs--in ezcess"'of $100 noT to be honor.d by said BanL ualsss presented vithIn thirty days froe dats issued. This zasolntimsupsrsed.es all previous resolutions in iegard to the signing of soch obeoks. On notion of Mr. Hopevell, ssoontled by Mr. Ortber, it .as ima.niaoaslT EffiOLVm: -That the fol2oving eeploJrents of Bal,asmea, with the authori- sation of the Sales Dsyt. and'ths ayyro.al of the tieioutiis.Yios Prest3ant sad 7. Hopivsll, Vice Presidbnt, be and the sase ha=eby are in all =espsots , ayprosd, r+tif ied and ooaf irs»d: I % At the iats ofs =fl.otivs: . Vi112.a P. Barvs- .=50 per v..k 10/20/52 D-oaald R. Oarttisr . .  aipw 50 h+dt.rick L. Setifss . s . Zdaond A. )lontano So  . . 0 50 Iliohard 0. %ha1 .  .~1 - - ~ CJ On arotion of Mr. Hopevall, .soonrLd by Mr. Orubsr, it raa -iaouslj ~ 'Bi80T.VRD: That the folloving exp1ayfosnts be and the sass herab7 are in all resy.ots apDro..d, ratified and confir.od: W W Z 0
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I 168 --c - Ia¢is.ills ffiannh . 1rr7 Jo Aaa ala= . 7tms Z. Yailage - Nir York Offine ~ lkris De 1hTo Gloria 4brmotto Eita Von Sa.ag+ 9/29/s2 . 10/8/52 10/9/52 10/13/52 "" Iancaatsr Leaf Dspt. worgs V. osvald 9/29/52 On sotian of Mr. Halle7i seoonded by 1lr. Jasss, St vas =s.als,ousl7 lOSOIRID: That the folloviaa iaersases in salerYbf hield 1H,nager and $alsssn, dae to proootiori or being inoident to the"ters of salary agreesents or to established sslary rate se,hedulss cosriag .orti assi~snts and in opeTS- tion af an establlahsd Plna of-'salni7 IncrmMs ba+ed upon asrit aad/or length bt ser.ioe within establishsd rate rings., be saC the saae hsrebf are in all respeots approved, iatified aad oonfirmed: Haaasth H. Sdth ' 14RWtt 0. Boland Chhrles I. F.orngnt Il+ry A. lfaloas -' Arson C. 6cott, Jr. Harrf L. Enrr.7, Jr. Yilliai =. Wth hc. tL* rab of: To the rate of: .=ffeoti.e: =5200 pe= affi~ S'Sper*sek ~ .. . n 50 ~O $6500 ps"r 60 per 60 ' a~ 10/1/52 veek 10/13/52 . . . . . . - - . . . .. on aotioa of Mr. Ha11sJ, saoooded by Mr. Jeses, it vas nasaistouslJ -' EHSOL9ID: • Z3at Ua folla.ing inoressesIn salat7 at the IIe. ZorYOffios, aaoh effective Ootober 20,"'1952, due to Pramotioa, be aa3 the saas hereby are In all z+specta approasd, ratified and oonfiieed: At the rate of: lffeotis: ~40 psr ..ek 60. .. 50 -. - 7ram the rate af: To the rats of: $SS per qs.k $57 per *eek 749 . . 53 . . Qi awtion of Mr. Hal1e, sscon7ied by Mr. Ornber, the following ad..rtlsing ezpsnditures, all oi vhlah ars a part of and vithin the sss of aoflbf authorized b7 the Board of Mrwtors at a aseting haTd Septestter 19, 1951, for an 'ad.ertising prosram d:Ering the 7ear 1952'; :nlass otLer•ins specified, v.re ia s1l zespeots approved, ratified aad confirmed: ~ Vihosrit Gallo ' r D.rnard Batohslor Zatiate #142k, bf Leamn & 1[itohell, Ia&., dated October 1, 1952,. oo.ering - spot radio ad.artising of OID OQID Cigarettei'osr NOV R0g7sad stations therein sst oct, 8epteabsr 29, 1952, through Ssptamber 26, 1953, at a total cost of. !2$.9Sk.k6. of vhiah t7_lx _]O iw tn tr nhay-aed to the 1952 adrertisina buduet and i21,S2'S.95 to the 1953 ad.erxising budCst vbsn sAopteQf Sstlmatss of lSdtioml Ezport A,dsrtising 8ervtoe, Iaa., a's follovs: Dated Septaaber 23, 1952, covering theatre Cbos-oase adsrtising_.of ZMBAWr Ciparetta in ItalJ, aa tLerein sst out, daring Ootober, Ho...ber and Deoeubsr, t ii
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J"- _'11_L H I Li _ ___, -- ----_ _- 169 1952, at a cort of $7C3•78; Datsa S.ptnaber 23, 1952, obveTinB theatre ahoN-case aQ.ertising of FtC3AS87 CiFprettes in Italy, as tberein set oat, Je.avni7 throngh July, 1953, at a sost of #755.00 to be ohargad to the 1953 advertiaing budget vhen adoptsd: Dated September 2, 1952, oo.ering mppsioa SS..rtising of DC3ASS7 CS®%r+r9es at a aost of $7,347.16; In Italy, as therein set oat, dtaing Ootober, Ao.eaber and Deoetber, 2;52, Dated 6sytanbsr 2, 1952, ooverind ""-oLs'~ advertising a2 LMEbZ Cietrettss In Italy, as therein-'set out, Januart ttaocgh June, 1953, at a oost of 47,3k7.1b, to be chargsd to the 1953 &d-rtising budget Whsn adopted. ThS Seortary laid before the seeting the follo.ingt .~ .. Contract dated-Jnly 18, 1M, with Otis Y1e.ritoi; Coorpany for siaintenanoe of one eleotiio freight :lerator at i2a VhitlocY Hranoh, at a cost of $31.00 pe"r sronth, for ons year from SepLbaber 15, 1952, iiad froa year to year thereafter tmtil teraiaatsd by either party on 90 days written notioej Lease dated Seybember 19, 19y2,"iroa Ths Hnttiari'Settlsa.aE, Inc., of 8oo 4215 Rutton Building, Spo]aas, Yash., for om year fraa October 1, 1952, at an anaoil rantel of Qk08., pafablb in equal sonthly instaltcauts in aQ.anoe, tmdar teras and oonditioni tberein set out, e.nd eaaaelling previous Lease on Rom k26 Eatton Bldg. dated Janvary 29, 1952; Lase dated August 25, 1952; froa Parkway rntl*+~+~oa, Inc., of Room 319 IDimbls Bldg., Sew Orleans, Is., for two laars froa Septes3er 1, 1952, at an nnniual reatal of ,~,906.00 pa7able in eQval oonthly inetnllnts in ad.anoe, amder Lsrsrs ssd,coaditions therain set out; each of vhioh _ " Qz aoEion of 1lr. PeaY, eeovaled by )fr. Eopevell, vas'in a11 respeots apprc.ed, ratified and aaafl:med. On aotion duly ssde aad ssoonded, this sseting adjouzved. 8wre tarV ~ . ~ , • . LI ,
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d ~ • « ~ ~ ~i "=.... ~8~ ~"; {,I(V~. 9 x x i ~t &. . . . _~-." 1 . 4 p "~ ~ d ~ i+ i ~ ~11 ~ ~~~ ~ ~ ~~y o ' ~u aio »Rt ; .11 hdiI I 3~'~ ~ .,...,. - - a} ~ I , 04314341 , r , S
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ootobar 13, 1992 1 67 A regu3Lr sseting of the EsWantin Cas:ittM of P. IArillard CosTau, was Lsld today at the office of tba Comaxrw, 119 West J1Oth Street, Nov Sork Cit7. 4bers v+sr prasent lfsssrs.: H. A. Esat E. M. QanBar V. J. Ealla7 7. Soprvsll 1. Jr. Peak L. Qruber A. Jass Tcd,Q Wool `•1lr: teat, CLairnnn of the Board, presiEsa aad the SaoretarT aotad as saoz+tarT of the Me.tiag. - on aotion duly aads and seooorSsd, the i+adins of the stiaub s of the paevious aeeting was dtapsnsed with. - On aotioo of Mr. Oaagar, woonisd by 1lr. Bopawll, it was :maniatouslj lSigOLYMt : That the aetiori of the MEsoutive"oioe President, aaQ the tr+asurer of this (bspaxy, in rsnsvina on Cotober 14, 1952, on behalf of this Co>PanT, the lban eade JUY 15, 1952, from The CLaae Batioml Eanl[, 18 Pins Sti+et, IIew Tork, Nov Tork,-in the ssa of Om 1Hllioo Dollars (~1,C00,ODO), and in e%ecuting and delitiring in the naae of this Coap=y its yroaieeorJ note e.sarnoing said debt, beal-ing date of ootobor 14, 19g2, an3"peJable at sa3d bank nis.ty (90) days from said date, with interest at-tbs rate of 3% 1rr anasa fraa said date, be and the saae hereby is in all rerpeota approreQ, ratified aocl confirasd. On wtion of Mr. Hopa+wll, .saaodnd by l4t. Pbak, it was nbaaiaously . BI~'iOLYm: That the following e=ploymats of Salssasn, tit3 the autLari- sation of the Sa1es Dept. and the ayp:-ovni of 7. Zrpaeell and r. H. Psal[, 1iw Presideats, be and the saas hereby are in all respsots ayproved, ratified and oonfii+sd: r• At the rate of. tffeotiw: aoL'ert J. Woslz Georgs E. aitford L"oT R. EUebner Eis.r Y. anlae Eichara C. YJsfbnr_. 'lboms P. o'Commor Albert so2:vaa -- Jsass A. ToUmger Basnsl M. Oooda-u *U.00 per hr. for 40 hrs. On notion of 1r.. Hoparsll, 50 30 • - 51D . . 50 • • ,50 . ~O 50 : e 20/17/52 swondad by 1br. Peak, it was unaniioua~ 'WSQRXD: Sbat this following saplofi,ents be and the ssas 6srebP are all r.speata apQrowd, ratified and ooafirrd: At the rate of: 7friotiret - Louievill,s Branah CLarl,es B. Welborn 10/1/52 =k200 Per M. =53 per aeek • 10/13/52
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tY_ ~ ~- --- i . _ , Cotober 8, 1y52 1•resalar s+sating of the Eraouti.e Cassittes of P. Lorillsrd Coepany raa held today at the offioe of the CosgaaT, 119 Yest kCth Street, Hw York City. . ~ isin a11 respects approved, ratified aad ooafirssd. On s~otion of lEr. Ballq, seconded by Mr. Ganger, it vaa ~aniaouslP g$CLV~: That the Public Aationsl Bank.and Trust Coapan,y, Feie York, fe+r York, as a desi~ated depositary of this Corporation be and it (inoluding its oorrespondsnt banks) is hsrebT requested, authorized and dirsoted to honor ohsoks, eaoh of vbioh shall not exoeed the s=of Oas Thousand Dollars (=1,COO.CO), drawn in this Corporation's uaas on Sta aocount (laoluding those drawn to the indlvidual order of any person or persons vhos. mass appear thereon as signar or signars thereof) vhsn bearing or p~aporting to bear the faosiaiL signature of any one of ths Soll.osring: . satd date and ~,lbi,e at said bank ninet7-ons (91) days from said date, with interest at the rate of 3% per aaaw= from caid date, be and the saae hereby O. 0. Da.1e s i~.asiu+r ~. $. Weiske A.at. Seot,T. and Asst. Sreas. J. L. thaon Caahier Y. J. IIazaruk and 'the Pnblio Rational Bnak and Trust CosQnnJ (ixluding its oorrapoodent baaks) shall be entitled to honor sad to oLarga this Corporation for all such checks, Shara ••re present liasrs.i H. A. E,ent a. x. f7anger Y. J. Pallo7 J. J: Blackmll - A. Jear,s - q+odd vool 1[r. Sent, Chaircan of the Board, presiCed and the S.oretarl aoted as 8soretatr of the meeting. - ~ On aotion.dul, cade and seoonded, the reading of the sinutes of the pr.riona osetiag was vith. dispensed by 00 aotlon of !!r. Jass, seooodadkr. Oangsr, it vaa smaalaousl,f R~SOlA~: That the action of the BSo eou tire eoutire 9ios Presid.nt, and the ~ S4+asnrer.of this Co~, in borrosring on October 2, 1952, on behalf of this l~ Cae~, fron Y'he Sano.er FaaY, 70 Eroadva7, aw York, Fw York, the stas of ~ Ooa YSillion_Do133rs (41,~,~), and in ezeouting and deliverina in the ~as of this CcapaW its prcaissory note e.iCsnoing said debt, bearing said }j dats and pe,Table at said bank nir~st7 (90) days froa said date, with interest •,- froa said date, be and the seas hereby is 1n ~~ at the rate of 3~ per ^^ s»d d ~i i d s an r a11 r+speots appro.ed, raeo . -Cs aotion of l~. Je+.~s, seconded by lfr. Qangrr, it vas ~sninoua~ . - 8lSCLVID: tLat tha sotion of the Tmeontiw Vice President, and the Treaaurer of thls Coapaa7i ia borrovinE on Ootober 6, 1952, on be2xlf of this Co~, fr~ ~'~nk+rs Trust Co~aw , 16 1ia11 Street, New York, Aw Tork, the ssa of One kitllioa Do1l.ars ($1,000,000), and in ezeouting and deli.ering I in tba raas of this Compa~ its pronisso~t7 nate eridsnoing said debt, bearing ri .
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; . . l r ~ 0 ~ , .04374344 ~ Pt ~f ~ ~ r .+. • ~.   . . . . . 1 F • bo w ~..  .•.
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~,......r-~` i ` Y.. Tork Offioe osorg. roaunaon - DorotLr D. Cetnar "'CO.d Cold Branoh Petar L. }srken Joha J. IfoDei-eott Joan P. IYODetaott . 7nniivills Braaoh 4illiass 7we Ftasel ->t the rats-oit srncti.e:- -i)3C3 per w;k 9/29/52 65 • • - 9/29/52 : 6'5 ~ - 69 • . .. . 9/30/52 55 ~ ~ - 9/~/52. - Baa lYanoisoo Offio. ` Shirlay B. YLL11aai 4T.SC per ..ek 9P3/52 On slotion of 1r. Qan®sr, rooalad by !!r. Jaass, it vaa crosaiaoas),f SgaOZVIDt That the roII.os'ia6 inereas.s in salary of Divisiosi 1laaa6srs, Lssistnnt DitiLioa lans£ar, ond Ealesnw, eaoh Kfeoti.ar Sepberber 29,'1952, dw to proaoticn"or-beina imiCait to tbs trA, of selarT ans.dsnts oi• to' •stablis5etd aslarT rat+ sahsdnlns oaisriy3 vork assiF}a:.ats and ia op.ration of'sa eatablin5ed plan of Wlary i_^areases based nvon rarit atxl/or lengtD of ier.ioe vitlln establiayd rats raaf;vs, be and the sasr L.reby ara in all rasjAota apytowd, ratlfied aOd oo6fizasdi lroa the rab oft So the i+b of: J*atTlf. Lopaoki Artbua K. Littlsson Jach 0. if.ntoals tChris J. Tat'ersbT =]Lins Selaon Yillisa a. Eaith Iiohard E. DnSresas 7raao.a A. BaIS7aoa EtaalrT V. Taa 7.aaCt . • : . On slotion of /r. daag,r, woood.d by Mr. Jaass, it .aa umsaiaovsly J - - _ HMCLPID= 'lbat the inoreass-in aalsry of M.e11ns 1I. BronYson, .UP1.or.d- at the F'~w York Uffios; fzosl the rat* of =k2 par vsek, to the t+ta or %^.k5 per t.sk, •ffeotise Ootober 6,-1952, dns to yrosbtion, bs and the saas Dsr.bl is ia all respsots approsd, ratiSied and ooafira•d. •. r Oa aotion oi Mr. HalUT, seoonEsd by Mr. Blaokoall, the folloiring adsr- tising azpenditia+s, a71 of vhioh Yra a part of a.ad vithin the •sua of naosT anthorikod by tbi ffoard of Direotor,t at a s.atiag Lsld 6eqtrebsr 19, 1951, for an adssrtising proipna during the Tear 19~2s wz+ in all t+speota appt•ored, ratified an1 oonfirasdt Zatiaates of Unnen i HitoLsll, Zoo., as fellons: " '- #392, Supplearnt-C, dated 6eptat"r 15, 1952'. oo.aring teletision ad.+rtiaing of CIID 6MD Cigarattss (Qusen for s Da7 prograa), orer Btation •ffiJ-PV, Los •ng.les, Calif., Ootober 6, 1952 tLxonSh Jasurr7 2, 1953,"as tbarein set out, at total cost of $36,920., of vhioh =35,T84. is to bs obarged to the 1952 i i 1 1 $90 per vaek T'J . . 1_1 1 LI 1 4
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-• . . 163 1953 advertising bvi.eet vben adopted; ad..rtisina bndget, and $1,136.00 to the 1953 adwrti+in6 buig+t vbsn adopted; 010, Svpplsiat B, daEed Angn.t 29, 1952, oosring tols.ision ad.ertisins of O7a oOID CZprettas (yrodnotion oosts, Chance of a Lifetira), Au'net 21, 1952, lbiroogbi April 30, 1953, at s total cost of ,°,13,3p., of vhinh •y6,8+0. is to - be charged to the 1952 ad.ertising bvdpt, and y6,hF90. to the 1953 eAvertisins bodBat vban adopted; ` _ {410, Svpplezsnt"V, dated-8eptsaber 15, 1952, oo..ring television advertising of OTA GMD CiFprettsi ( tie.el and avditton• oosts, Caame of a Lifetis), Bsybssber 18, 1952 thronSh 1Sq7 14, 1953, aVa total cost of $20,125., of vhicb $8,625. ia to be ohsrCed to the 1952 adv+rtisin6 bvd*t, wid $11,500. to the n {425; aabad 8e1r~r 17, 1952, covering spot zadio-adsrtiLina o! OID OC® Cigarattes over Stntion'YdSI, &oston, ihss., Osatob.r 13, 1952, through ,530..v,530.9 of vhicL October 9, 1953, utherein &at out, at a total oost of `ID $'2,3k9. ii to be charged to the 1952 advertising bnl®at and $8,181. to the 1,953 advertising ba0.get vben adopted; f"`, dated Beqtes<ber 18, 1952, cawrind*sDot radio adisrtisIn6 of OID OOID Cigarettes over Station STP2f, Phbeniz; Arizvaa, Ootob.r 6 tbzvugh Fos.ber 7, 1932, at a total cost of $236.25; - #k.2+7; dated Septas;bar 22, 1952, ca.+srin8 spot radio a4rirtisina af CaD o0ID Cigarettes over Aloha T.ataork, Ponolnln, Harau, October 20, 1952 through October 17, 19$3, as tbereia set ont, at a total ooat of O,500., of vhioh ;1,312.54 is to be charged to the 1952 ad+wrtiaiag bndg.t and $5,187.50 to the 1953 Od*Ktiaing bndget vban.adnptedj . _ 0181 dated Sepbsaber 3, 1952, oa..ring,Drodmtion costa of bls.ision a3.er- tising of B:PIISST Cigar.ttes (Cbanos of a Lifetis Litobhi]os), l/aJ 15 throu'& ica7 31, 1952, at a total oost of =517.50. 22s Secretary laid before@as ssating the follo.inas - [_1 szL.a-sion, dkted 8eytrnbrr 13, 1952, of leaw dated Aagns•t 8, 1950, f vestarn District xaraMaosing Corp., of sLor'agp vaieLonsas f582, 583, 584, hnd 675 in CamP 'n71or, 1CT., for one year frcs Jan+arr I, 1953, at an anQua2 reaEal of $5,540., payable soath~r in ad.aac., undsr tres a.nd oonditions : tL4rein satforthi vhiah _ On noEion of Nr. Blaobmll, seooadad by Mr. Hopswll, ras in a.ll i+spsots approved, ratified and oaafirm+d. • - . . . • . ~ : On .otian of llr. Caagrr, sswoaded by Mr. Jaass, "it w tmsaisaously' 1CffiQAID: -TLat this oozpazw contribute to Co.alttea for Zoanqsio Dsvelopesat, for 1952, the ss= of $500.00. On s+otion dnlz eade and seoonded, the aseting adSoarrd. : . leor.tary t t
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1 160 . Ootober 1, 1952 A re8ular aeeting of the a3ecuti.e Cosaittee of P. Lorillard Coapaqt •as Leld today at the office of the Company, 119 West hOth Street, Hev York City. ibsre we+ present lSsssrs.: a. A. bent E. N. Ganger Y. J. Balls, T. Bopevell J. J. Blaoknall A. Jaass lbda Wool Kr. Lnt, Chairmn of the Board, presided and the Secretary acted as Seoretat7 of the zseting. On motion du1T ssde and s.oonded, tbe reading of the minutes of the yse.ioas aseting vas diLpensed with. ob aation of Mr. aaa®er, seoooded by Mr. Hopevell, it was umaniaouslY 1MSOLVED: That the action of the Ezeoatirs Yioe President, and the Treasarer of this CosPear, in borroviag on 6epteaber 29, 1952, on behalf of this Company, from The tier York Trust CoapaqT, 100 BroaedvaJ, Sev York, &ev York, the sua of One Million Dollars ($1,000,000), and in executing and delivering in the aeas of this Company its pewsisson note evidencing said debt, bearing said dats and payabls at said bank ninety-one (91) days from said date, with iaterest at the tats of 3,% per annu- from caid date, be and the seae be2ebbf is in all respects approved, ratified and confir.ed. Ou sotion of Mr. (hnger, s.coodsd by Mr. Bvpevell, it vas smaniaousl7 . FtLS4LVZ): ftat the action of Tbdd Wool, Vioe President, an3 the Sreasvrer of this Co.pnny, in borrwing on 8spten-~,er 25, 1952, on.betalf of this Coespesp, from Hational City Bank of &ev York, Tiras Square Branch, h1st aad BroadvaT, 2:ev Tork, Tiev 7ork, the sus of One Hillion Dollars (41,000,000), snd in exsauting and deliverio.g.in the mss of this Company its promissory note evidencing said debt, bearing said date and payable at said bank niaety (90) days from said date, vith interest at ths rate of 3% psr ana+a from said dats, be aad the sass beieb7 is in all respects approved, ratified and oonfirned. Qn motion of Mr. f)an8er, seconded by Mr. Hopevell, it was unaniaously ' ICSa.9ED: That the action of the 8zeovti.e Vice President, and the Tz+asza•er of this Cosrpaqy, in :ensving on Septesbsr 29,. 1952, on behalf of tais Company, the lvan mde July 1, 1952, ffrom The Rsv York Trust Company, - 100 Broadvs7i Hev York, Fev York, in the sun of Ons Million Dollars ($1,000,000), and in exeouting and delivering tathe nnas of this Company its proaissorf nots ~ e.idenoing said dobt, bearing dr.te of Septenber 29, 1952, and payable at said ~ , bs.ak ninety-one (91) days from said date, vith interest at the rate of 3% (.) per -^^,- from said date, be and the sas» Le=eby is in all respects approved, ~ ratified and oonfiraed. ~ On aotion of Hr. Gaager, eeoooded by Flr. Hopavell, it vas tmenizouslJ ~ TtLSOLPXD: That the action of the Pzecuti.e Vice president, aad the ~ f.~ Trvasurer of this Company, in reneving on septenber 29, 1952, on behalf of 4 3 this Company, the lonn made July 1, 1952, froa Manufaottrers 1Z•ust Company, H U I
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I ; I ~ x1~tY~$~~ ~ H I M " 8pp(p(~ ll~ P'~ ~~ &E~ ~ ts K ~ ~~~!!! .' 6W 4 p H .. 1+ p 4fi a p H a 00 S a~~~8` op ~ ~ .+ O MO O N N p N~~ K 000~~ w ~ A o , , ~. ~ `(3 j ~ g' A ~ ~ ~ ~~ ~r, ~ i ~ . ~s ~ ~ddy~;.~ .  . .~ ~ • . . . .~ p ~ Y ' ` ~ ~ ~ 1 P. ~ P ~ .u ep+ .r ~ • Oo Ov ~ Y~ „ a & ~ Rg" . 0 ~ . . . . ........K a v i ~ dC ~~ ~ il I ' ~e ` 9 ~ ~as ~ ~ .. ~~ ~ ~ 7 Y ~. ~ ' ~ ~~ P , r1; ~0 & ~ z 1~ M~g ~~. ~ - ~iie~~ A ~ ~ 5 ~ ko .~ la.>.w•4 al. ' ~~ ~ r~ Y ~ .. . ev ~v ~,e~o v~ r ". 4 hr ~O a A ' " . 4 R lu D"` I ' ?r+N ~tl . I y i r .., .,__...
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I 158 flabsl L. Cain ' Jamss 0. Hsrrilson JaT J. Sohindel Villiaa y. Tats Clarenoe A. Va]br Ann Vinslov Viusaa H. Courtaas jZdwrd K. hont j. Leo O. Fig.ltimd t Jaass s. S,e7es . Yem7 )AoTarlaa3 . OCqr J. SLerman Robert =. Stsirrt Btan2ey l!. StzaL.t 8af T. Bracbn On notioa of lir. Ha11eT, seoom]ed by Fr. Gruber, it vas timaniaousl,j l Jis,ie R. Cates Cbarles H. Cries At the rate of: =ffeoti.e: ;S0 per •eak 9/22/52 .50 • . • . . . 50 50 ~ . . ~ . . 50 it tLs rate of: lffeotive: $70 per wek 9/22/52 39 47.50 per veek 9/15/52 44 per reek 9/17/52 ko 9/16/52 60 ' • 63 • • 60 - • 65 - - 60 ~ ' 63 • • 50 • yS • • SO •SO 50 55 • ' 50 115 • ' 50 • • 115 ' ' 50 • ' ,Villiea H. Ho2tzolas, effective October 1, 1952, $SA& per anma 56200 psr anmat On notion of Mr. Jaars, seoonded by Mr. Grs:ber, it vas unaniaoue4 RlCBdLVICD: .'mat tbe inerease in salary of lbrian Soo, e.rplored at tLs I Old Gold Branch, froa the rate of W per Veek; to the twte of $52 per w.ek, effeoti.. Septeaber 22, 1952, by, reason of a8d.itional responsibillties and being an irAlridnal msrit increase in operation of an established plan of salary inoreasas based upon osrit and/or length of service within established salary rate Tanges, be and the sass berebY is in all respeots approved, ratified and oonfi:+rd. ERBOQ.'73mi That tbe folloving employnents be and the saas Lsreby tre a11 resp.ota approved, ratified and oonfirmed: Hev Zork Of'fioe Jeass Be1 Brimo 7saaoes 1[. Bshrs ' Saa 7ranoisoo Offios Paula L, Ha.reart Iita Loeech Vhitlook Braaah Jack D. Yilson GeorIP Lapks --- f 469 per *.ek --- -#70 per veek , On etotion of Mr. Jaaes, second,ed by Mr. Gruber, it eas smaaiaou.lJ in EffiOLVIDs That the folloving inareeses in salary of Saleasisn, each efrioti.e Septsmber 22, 1952, beiug inaident to the terms of salary ag:eensnts or to established salary rate soh.dnles oo.erins rark aesiB.asnts and in operation of an establiahed plan of salary increases based upon osrit aad/or length of serviae vithin established rate =en~ps, be and the saas hereby are in all respeats approved, ratified and ornfiresd: / Hroa tAe rate of: To the rate of: C W n I
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159 On .otioa of W. Qrnbar, s.av-lsd by 16r. Jeu.e., it .a. smaaisoualY lR60L9M: That thia Corpnar oontribnts to Uaited Yationa Yesk aad DaT for 1952, tLe sm of #100.00. ii Oa aotiob duly rade aad s.ooadaa, tLa aa.tlng adjourn.d. t r C+. ,
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04374351 d I I ~ ~................... ~ ....... ~~ g .......... . ~ ~oOo~~$~~n~~~~~RRRR ~ .. M a
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1 15? e,pt.amsr 24, 19~e 1 regular as.ting of tbe ftsoutis Comitbee of P. Lorillard Co.pan7 vas hald toda7 at the offios of the Cospamy, 119 West kCth 6trv.t, fNr York Cit,7. - • 'ms+ ws+ ps+ssnt }4assrs.s H. A. Lsnt ' • •' T aa1L7 wft; L. Ornb.r •. Jaass . _ . ` Todd Wool llr. LLnt, Chairsan of the Board, prssid.d_ asrl the Seos.tar:: acted as Q.os+tsry of ffia wting. -- -On srotioa duly sada aad woonGsd, tLe reading of tLe sinutas of the yrsvioas nastisg vas di.psassd rith. On notion of fr. Or:tbar, ssocodad by ?Er. Jaass, it ws unaniaocsy 7RSL4RLD: That the action of the Ebaonti.. Yios President, asd tLs. Trsasvr.r of this Compnn7, in borrowing on Sspt.abar 22, 1952, on bs6alf of tbiL Cospany, frca the Hanafaotarers"Trust CanpaR7i yf BroaQ Street, Asv York, 1s. Tork, the aaa of One xtli ..+ Dollars ($1,000,000), aad in .montina and dslisring in the nsas of this CosWsn7 its prcaissor7 nots ..idsnoins said debt, b.arir.a eaid date and psVabls at said bank ninaty-ons (91) days tYoa said dat., vith interat at tLe rate of 3% per sanua froa said dat6, bs and the sar Lsreb7 i. in all raspaots•appro..d, ratifi.d aad.ooafirsd. . Oq notion of 1(r. Orabsr, ssoond.d by Itr. Jsses, it was tmanisiously - IIiSOLI/m: mat the action of the Usouti.. Yics Praid.nt, sad the Treasurer.od this Co.rpaaT, :n r.nevins on SeDteabsr 22,.1952, on bahalf.of •tais CoefpanT, ttie loan sbd.. June 23, 1952, froa Citis:ans lidalit7 Bank aad Trust Coapan7, Louis.ill., ]~)r., in.tbs sua of 71n Hundr.d Thousand Dollars (#5K)0,000), aad in-snsonting and d.li.erieg in the sass of'this Caecpaqf its prc~isso:7 note ..iAsnoina said debt, bearing date of SsptrsrD.r 22, 1952, aad payabls at said bank"ninst,f-ons (91) days lrca said dat., vith interest at tho rats of 3% psr aama from said dats, be an3 th. saas hereby is in all _zsspaots apprarasd, ratifisd sad ooofi:aa.d. '• On antion of W. Orub.r, ssoondsd by Ir. Jaass, it was imaaiaonsly BaBCLM: That the action of the lY.outis Yio. Pr.sidsnt,.lad tb. 'h+asia+r of this Coapaty7, in rsnevisg on 6sDt.aDar 22, 1952, on bsLalf of this Company, ths loan sosds dlns 23, 1952, froa 8tat. Plantsrs Bank'aad Trust Co.rpasyT, Riobsand, Virginia, in the sm of Pir. Himdted Thbusand ' Dollars (=500,000), and in .z.outing aad delivering in the naas'or •this Oaspan, its pra.issor7 nat. ..311enoing said dsbt, bearing 6ate of Bdptsab.r 22, 1952, and pa,abls at said bank ninsty-ons (91) days from said date, vith int+i+st at the tato of 3% per aama• fYom said dat., be sad.tLs'sasm b.rsb7 !s in s11 respects approved, ratifisd sad oonfirasd. Qa mutica of Mr. 8a11rJ, Moondsd by Mr. Oruber, it vas tmanisiousl7 ~ . ,~ 1RSOLY~s That the following raplayasnts of BaLasasn, with the ~ aatborisation of the Balss Dept. sad the aypro.al of tbs =y.outi.. Vice ~ President, aad ibd3 Wool, Fioa Pr.sid.nt, bs.and the saas Larab7 are in all '~ ""ots .aFDro.ed, ratifisd and ooafissd: 1 .~. - .. Jaswe 7. S+..pl.ton •Lt the i+te ofs =ft.oti.a . f`7 S60 per •.ak ; :1 , t .'.
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tollo.inH: - _ • Sov Tork, In the esa of Ons iSillion Dollars (41,000,000), and In ossoutins asaa d,alisring in the aans of this Cospaxy its yroaissorT noa o.idsnoina sedd debt, bearing date of Bayteobar 15, 1952, and psyabla at said bank sit*b'ow (91) da7s frva said daa, vith interest at the rate of 3% psr ammvif4•ca said date, be and the saas hereby is; 4a all raspeots approrad, safifiad and oonlirsd. - . ~ , . . . On aotion of Mr. Osag.r, ssoond.d by IEr. Hopsv.ll, it ws tmaai.oaslj 1tL40lAID: That the aotios of ths President, and the Treaav+r of this " Oospaip, In s+nsving on Sspteabar 15, 1952, on behalf of this Cospary, tho lloan tado Juas 17, 1952, $oa Ths Public Batioaal Bank ans Trust OoqpaW, 37 Broad Street, 3w Iork, liw Iork, in the sun of Om Million Dollars W,M,000), and ia-aneouting and dsliv.ring In the naas of this Ccaaaep its proaissorT noa svidenoing said debt, bearing datr of Saqaabar 15, 1952, anl yq•abls at said baak niaaty-oas (91) days frain said date, be and the sar hSrabT L In all raspsota aypro..d, ratif]sd aad oonfirard. I 0. 0. Da.iss '$+a+ur.r ?. H. Vaiabs •Asst. SwtT. and Asst. 1raas. J. L. Ilason Cashier Q. J. Hasaruk : - aWBsabsrs Teast CoapanT (inoludina its correspondent baaks) shall be entitled to honor and to oharps this Corporation for all such obaoks, aaob of vhinb sha11 aot azoaad Ons Thoannad Dollars ($1,000.00)'in aooUmt, ra1;%rdl+ess of by vhom or t4 vbat mans the aotual or Durported faosiails sigoatue+ or sipatt"s thereon aq hara bs.n aSfixed thereto, if such faoaiails signatia+ or sigaatnr+s raan.bLs tha faosiails speoia,ns fYom tias to tis fiUd vith Bankers Trust CasVW by : ths Baoi+ary or othor offioar of this Corpoiationj and = Oa notion of Mr. Jaass, seconded by Mr. Hallsf, it vas waniaoaalT • • . . ~. --33SOIAIDs That Bankers Trust Cospaqf, lfav York, frr York, as a 6aignatsd Yyositarr of this Corporation bo and it (inolndi:g its oorrespond.nt banks) is berabT rsQnested, anthorisod and directed to honor obsoL, each of vhioh ahall not ozuosd the ess of Ons Thousand Dollars ($1,000), d:avn !a this Cor- pos+tion's naaa on its aooamt (inolndiqq thoss dravn to the indi.idual order A[ aeT person or persons vhoso naass appsar ther•on as sisn.r or signer• thereof) aban bsarina or purportina to bear th. faosialU signatsn+ of aw ons of tb. Ztavn an th. said Banbsrs Trust CasyanT by this Caryoration is hereby oontimsd In fult foroe and offoot aa aswlified hsrebp. - lOdi8a8 RlSOLYED: that the raolution hsratoforo adopted at a meting of tha xsouti.. Cositt.o of this CoaapsnT hold on Ssytsab.r 10, 1952, for the sig:ing add honoring of ohpoks, drsfts or other orders for the pe,Imnt of aooeT I . r. • ..,•.....~,.,.,._ ".......~ „~...•....a.-. _ .0.0. .. ..•-~ ,. ..-. ~...-.~a.as~.ca. . _ ... -~~. } s \ . - Oe s,otimof 1lr. Oaaigor, ssooad.d by }r. HcDewll; it vas uasniaously , ~ , , ga aa . or r r Itt80LVIDs That Ths 8 Hav To k aa a d..i abad • o . Bank v T k B a.poasarf of this CorQo ooa.at banke) - 164 an bo a~s it (inolu3in ia oor:a ati is hos+bT requested, aathoris.d and dirsotad to honor oLsoks, each of rhi.ah W shsll not ozossd the emi of Ons Thousand Dollars (41,000.00), draw In this wi =I J- Oorporation's naas on its aooount (inoluiins those dravn to the indi.idoal order 4 of aA7 Prrson or parsons vhoss naaes appear thereon as siFper or sigiwrs thereof) ~ vbrn bearing or pUportinQ to bear the faosiails signatinv of a7 ow of tba , follos•ing: • .. • , II
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' a. 0. Da.3ss 7. R. Vaisks J. L. )lason U. J. Nastaruk tares rsseb1s the faosiaiL speoiarns froa tias to. tisr fiLd vith'PLe tLerean s.af haw been affixed thereto, if suoh faosiaile sigrttiare or siaoa- or by rhat nsaas the aotual or puaporbed faosiuile signature or siaaabaes eot esoesd Ow Thousand Do]lars ($1,000.00) in saouat, regardl+ess or by tihca bonor assd to oharge this Corporation for all suoh oheoks, each of vhioh snall aad i'h. Saeo..r Bank (iaoladins its oorr+spond.et bank.) sha11 be entitled to- . Jano.er Bank by the Seoretar7 or other offiosr of this Corpomtlons and tbs Zmsoutiw Cossnittse of this Cos:pasu bo1d on 6egteabsr 10, 1952, for tbs 70MM RRSCLVEDs 7bat the resolution heretofos+ adopted at.a retins of -aiBsing and honoring of oheolrs, d=afte or other orders for the yaynsnt of tiawd in full foroe aad effect as asplified hereby. , sicos7 draw on ths said The Baao.er Eank by this Corporation is hersby oon- Oss ssstion of /r. Yopswll, seooad,ed by *. ltiak, it w mosaisiansIr .• ' 1lZ40LVZD: 'lbat the follariag es<ploysisnts of sslsssisn, Varehoass PaoYnr a11 respects aDFro+sds ritified and confismsd: , Y. Hopswll ssd I. H. Peak, Vi,ce PfrssiEsnts, be and the saas hereby are In ass4 CLsrk, with the authorization of the Sales Dept, and the aypro.al of At the rate ofs =ffeotiws Robert Tieffenbsoh 50 ' ' Willard C. Va)oott ..'SO • • . = Cal.in I. iteiner • ~ Jans =. B+anss •7 ' ' '1!bo.as ltyan, Jr. $36 per v.ek Oerald R. /tonaLan 50 • • Eiohard l. Pror,rs . 'f0 •  -• :On.a4tion of Mr. Hopwroll, ssoandsd by Kr. P.ak, ' 8lSOLVID: That the folloriaa esplofeents be and -a11 respects appro.ed, ratified aad oonfismsd: n5i~
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TbM rir+ A regular sssting of the =xeoati.a Cossitlba of P. Lorillard Coepant vas . bsld todaT at ths offios of tbs Company, 119 ysst 40th Street, 71sv Tork CitT. present IMssrs.: H. A. 1Gnt /6'. Lsnt, Chairmsn of a.ytsat»r 17, 1952 153 8. K. Osngar V. J. Balley 7~. Bopsv.ll -,-• . I. H. Peak J.• J. Blaokaall A.Jaaas. ~ Todd Yool the Boar3, presided and Sscrstary of the oseting. the BsOratarT aOtad as of the al.mutss of • tbs on notion of 1r. Osng.r, ssoondsd by 15t. Nopswll, it vas ®aataonslt IIffiOL4iDs That tbe action of tba Yseontiss Qioa President, aad the Trsana+r of thia Co:pany, in borrosing on Seyte.b.r 10, 1952, ovn babalf of this Caspea,li- Praa 15s Public Eatiaml Bank and Trust Cowpaxw, 37 Proed Street, Nav York, Zsv York, tbs sma of Cm Hillion Dollsrs (`yl,000,0W), +nd in rssoa- ting aad delivering in the mw of tbis Ccqpan7 its yroaissort Dote aTidanoins said debt, bearing said date anafd psyabls at said bank ainst7 (90) days from said date, vith intsrast at tas rats of 3% psrsanua fro. said dats, be aad ths ssas bsreb7 is in all rsspwts apyro..d, ratified aad oonfirrd. On notion du2j~ wads and ssooadad, tLs reading ps+vtans metiag vas dispenssd vith. - 1CiSOLVXD: That the aotion of the President, aad the iYeasnz+r oS tbis , Oosparyr, in ratrving an 6sptaabrr, 15, 19.52, on behalf of thir poaVaqf, tba. • loan esda Jtms 17, 1952, f ~ Tba Nov York 25rast Company, 100 Brosdsq, O Ner York, Fsv York, in ion Dollars w:v1,000,000), apd is executing and delivering ~ ~ MW of this Caapaa, i promissory note ~, evidencing said debt, bearing dats of B+ptssbbr 15, 1952, a.ni] psaable at said (,J bank ninsty-ous (91) days from said dats, vith inter+st at tba rats od 3% pat. ~ asAtia froa said date, be aad the ssas hereby is in all rsapsota ayDroved, ~ ratified and oonfiraed. _ - w On notion of Ifr. Qaagsr, ssoood.d by Itr.YBopswll, it vas maniawsly -. . . . • . . . . , ~~ gBOLOED: • 4bat the action of tLs President, and tb '1lrsasra+r ot tdis Co.paty, in reosving on 6aPteabsr 15, 1952, on behalf of this CosVazW,.tas loan sstid+s J:ms 17, 1952, froa Tbs Fs+r York Trust Company, 100 Broadsqy, 1sv tork, On notion of 1lr. GanBar, ssoondad by 1(r. Hapswll, it wa :maaiaoasly / 'fraa Ths 0uareaty Trust Conzany of Nev York, 110 Hroad.vaT, Brt York, tev Tork, ths s:n- of Oaa Ytillion Dollars (v1,0C0,000), sad in sxsouting aad G.livering in the aas of thia CospszW Its pronissory nota evidencing sa.id d.Dt, bearing laL3 dats aad payab1s at said bank ninstT-oo. (91) rays froa .aid d.a, vitA inte3+st at the rate of 3% per aaata from said date, be aad the .aste hereby is in all respects approved, ratifi.d asd ooafirsd. . . .. On notion of kr. Cangsr, iaoos&d b7 Ib•. Hopewll,•it w.meaiaoasly atEBOQ.VID: That tLs action of Todd Wool, Yice Prssident, and the 44+asu:rr of this Coa,paw, in borrowing on Beptssbsr 15, 1952, on bahalt of this CoeWatp,
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.. .. ~ - , a .-. . - ....~ . .. \-I .• S•~..~. . ~ - . . ..a . ~ .~~.- ' • ..~I-.. . .w . . . . - . -- . . .T_ ..~.l. ~.. _ . a.rJV.llr.a.-lsw.-.slv. ar.. .. . . . ` . . . _•_ - . -. . _ . . . - . . ~i~ 150 'I. Y. •P.ak L. Orabor a. 0. D..i,.s 7. Y. Y.isbs s. V. s.umimn J. J. DsrbT Tios PA+sidsnt Ti.os Pt+sid.nt Rr+asur+r .Lsst. Bsott. & /lsst. Srssa. Jsst. Trsasur.r oc.ptroll.r ia oonjunotion rith eaeh.otbsr, or any ow of the for.goina in oonfimotion vith s,W os of the folloving, pro.l3sd tLst lebsn the ssommt of the obsok doss not •zc..d $n,000 the saas sny bs sigrsd by the two isdisb following nitLout oon- jaotian with .rQ of the forsgoings . Qroap L1 J. 3. 1loDssmott • lsst. CaWtrolLsr -:J. L. riason Cashi.r aad prowidsd fnrthsr that dysn the saaont of the cLsnk Ooa not s:cs+d =10,000 it s,f De siaa.d by smy ons of tLs fol.lvrins in ooW:notiae with .ay ons of the fors- goina or by s.qt two of tbe fouoritsg vitboQt oon 1®etion rith asp of the foe+going: Grosp 2 A. C. rnDer :. 7. Bt7der also ffie foll.orina ons, but not in ooo.j+motian with J. L. riason, ' •. J. Aksezar and pro.idsd fuu~rtbsr tbst .Ssn the ssamt of the cL.ok Aoes not .rsos.d =1,000 it as,T Ds sigmad by saJ ons of the foregoiag nssod in Qranp 1 or Group Ll or W. J. sasarnk, or si4p.d by nsobaniasll,T affixing the sigaatur+ of aW oos of the following without ooujumution iith any os of the foregoing: ~ . a. 0. Ds.iss Tzessurer 7. t. Ysisb 4st. Ssot7. & Jsst. T:+ss. J. L. Mason - Caahl.r 4. J. IIsurnk. ' . - SMs resolntion sup.rwd.s all preTtoos tesolntl.ons in oomsotioo.vitb the sisaina af snnh obsoka. On aotioo of 14r. Jsss, ssooodsd -bt kr. GrMsr, it .aa =naiaously TlBOLPIDs Sbat all ohsoki dsavo against any of the f:mds of .tLs CosWanW es 6sposit with the Mr.rrs Bank sad Sr-t CaVaqf o? Lanoast.r, Lsaoastsr, y* ansJlsnL, to the os+dit of tho 8.Vslaz Acooemt of the Lsnosstsr Lsaf Dspartrnt at the Co.rya:y, sball bsar the siamatsaa oS aav tvo of tbs follwinj: C.a.lerb - . a. a. sooYaf.l]ar - s.a.Lmts. " pspaldent of the Ccstpan7 shall Dsar the slgmstta+s of aq tso.o[ ths following: . ; . .. . ths, rssolntian .ap.rssa.s all pt+sous r•solntions in r.gara to the siIns,~ of suoh ob.oks. ~ . qt s»tion of llr. Jesiss, ssooed.d by Mr. Orid.r, it wununiamblj 2hst all cbsob dssi.n aipiast ap of the f®ds of tbs Company the h.nnryisRnla to ths orodit of s Crop~Fs,~r~nt Aooo®t~th~. ,Luaoaabr~L:af I u Ii
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C. R. Rrb O. D, RoolsfelLer E. A. Lants. . - 151 '1'his resolution sspersedss all pre.ious resolutions in regard to the sianinz of such oheoks. • ;.O~ notion of Mr. Jars, ssoond.d by 1[r. Otnber, it.a• tmaalaooslT 1!?SC4.VXDs Slmt all checks dravn against any of the funds of thi Cospaat on dsposit with the Farsers Bank an1 Trust Coapan7 of Ieaoaster, Iinoasttr, aunsFl.anla, to the oredit of the PaFroll Aeoount of the Iawoaster ILaf =Departsnt of the CoepnnF, sLall bear the signatuae of any ons of tho folla.- ~8~ ' ' C,R.Erb , _____0. D. RooloKeller E. A. Lants i yrowided that no check so drarn is to be in ezoess of $100 nor to be hoouiyd 17 said bank unless presented within thirty days frw Ea.te issnad. ihis 1+solutioa sspersedes s.ll previous resolutions in :+apLr3 to tbs siInin; of sach ahsaks. On srotion of kr. Jaass, seootidsd by 1lr. Oruber, it vas umsaiaonslT Ri8dLYZD: That all ohsoks drawn against any of tLe fmds of the OosVaqF ea d,eposit with Zhr Eatioaal Bsnk of Ln Crosse, IL Crosse, Hisoonsin, to the eredit of the Payroll Aooount of the Wisconsin Leaf Dsf,artaent, IL Cros.e,. iii&ooaain, shall bear the sigiOatare of any ons of the foll.os•ing: Yu9b M. Tsffiing John Nichols : /[. D. giasfelter ~ 0. T. SLl in8son - • . Daniel J• Hulrias S. I. Nielsen pro.ide3 that no check so drawn is to be in excess of $100 nor to be honored by said Bank unless presented within thirty days fron date issnad. ihls resolution supersedes all prerious resolutions ia r+lpLrd to the sigaing of smh ahsoks, On notion of ltr. HalLer, seoonded by Mr. Iasrrsll, it nas nnanlaousv aad ooafiad: tion of the 8alss Dept. and the approsal of Todd Yool and F. Hopswll, Yioe Aesiasnts, be ansl thu saas berebJ ars in all tespeot.s apprar*ed, tstified ffi8Ci.VlD2 That the following e»laFsents of BaLsasn, with the autAoriza- ~ At the rate of: Ztrioti.e: Q Z&a=d r. Bar:Tk Ltsoa D • Bsard =obert D. Spirtas -4~0 per Meek 450 50 9/8/52 GJ On adti,o non of 1(r. HalleT, ssooaded by Mr. Dopar+ll, it wi tnaniaousy ( n T t the follaving esploFsnts at th. Se+r 7ork offios be asa the sasa ha=eb7 ate in all respects approved, rtified s.ad ooafirsd: Go i ELSm PID • h ,
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a. 0: na.i.s • T. Z. Y.iskr J. L. Hason ` N: J. Xasarak. . 'lhis sssolcticn ivpsr.edas s.11 pr•.laas i+solntions in ooansotion rith the •igaini at suab obsaks. r Oa aotion of /[r. Jsass, ssoood.i bJ 1tr. OrObsr, it vas manis-lj - 3i80LOIDs Tbat all obaaks drs.n against aw of the ftimds of the Coamaip ea d.posit sith Ths iw York Trvst Oosman7. S.wnth isnn. Braanar s w io:r, Now 7ork, to the oraQit of the 81as Ctsok Aooount of the Co.patpv eLa11 bear the signotnr.s of anT tvo of the follo.iags J. J. DazbT 'J. L. 1ason Tr+asm+r • • - sst. e.otr. i Asst. Tr.as. Cashir! ~r . . -. ~, . . Caairinn of the Boaid ' Yr+sidsnt mmsovtis Yio. Pi+si6ant f'ios President i S.o"ts17 fio. Presi6snt Vios R+sident - vios Prasfdsnt 'hr+asia+r Lst• S.oV. & Asst. Lsst. Treasur.r Oowtroll.r QasaL.r. ZY+as. Tbds rssolatim suysrssaes a11 peevious r.solntions in oonasotion vith the sipins of• suab obsoks. - • - • 4 notion of )5r. Jars, ssoond.d by 1r. Orub.r, it ws-maniaonsly 1tS80[JIDs 'lbat all oLsoks dtarn agrinst azw of the ftmds of the Co=psy sa 4sposit .rith Tbs liati.vaal Cit7 B.nk of Se+r York, Tiass Squar+ Branoh, . Nw 7ork, N.rv York, to the oradit of the 8sgular Aooo+mt of the CaspaW,sball - tisar the sigmatua+s of sny tuo ot the follo+rings 4st. Seat7. & Asst. Tr.ss. 4st. Ti.asnr.r • Tr.asur.r - - Tios Yr.siBent Vios PrssiAsnt Tios Pr.sidsnt Imsoativ. ?ios,Prssidsnt • Vio. President & B.oi+tatry oomptxolZ.r • • fa eosjmmtion vith each otber, or saW oes of the foregoing in-oonjumots.oo rith sssp oos of the fo].l.o.ina, pro.id.d tbat .lrn the saoumt of the •oLsok Ao.s not tyos.Q $25,000 the sas saq b. sigrd by the tw io.rdiats follorina Ktiont sos,?matioa rith sny of the foratoings -• CaaLisr aad pletidsd ftart2iir tbat sbsn the aaocmt of the aLsok doss not sme.d $10,000 it aaJ be sigrsd b7 wp ons of the follo.ina in oonlanotion vith anJ 000 a[ the . . Qioqp ]1l J. E. ItoDrriott 4st. OomptrolLr !. L. Lant 2. x. Oaag+r V. J. Ya11wJ Todd Qool ~. foDs.eil I. Y. Peak L. Orobar 0. 0. Da.i.s - !. Y. 9.isks " !. V. Tluataaa `CSair.aa of the Board : Pl+slAsnt
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_ 149 II loregoina or by aqt ttio of the rouos.ng vitiout ooU0,motion ,rith_.W as tes lor.g+oing: Group 2 - . l. C. ZufEer . - ._. Y. 8cp dsr also tLe following om, bat not in ooajmoticn iith J. L. riawn, Caahlwr, ~ . . a la t - t J ~ s ra . . aa0A piw.ieed furtb.r tb.t .'isn the ssntm t of the obsoY ao.s not .zoeeQ ji,:)oo it asJ be sigt»d by any oos of the Sor+6oias nsaad in Group 1 or Group 11 or Y. J. lfaserak, or sign.d by srohaniaal1T s1Yi:ing'the sigrattin+ of any ons of the following vitbont ooo3timotlon rith s.zw one of the Sotegoing: 0. O. Da.1ss Qn aotion of Nr. Jsaa, ..oood.d by 11r. Graber, It ras =-eouzly sigaiaa of saoh oLsoY.. 7. _. Ysisb J. L. lLaoa V. J. 7ss.rak. Tbis r+solatioR sQpsswd.s all pr+viow tesolations in oasa.otion with tLs r ElBOLYID: That s11 nb.oks dss.a aWtast *aZY of the ftmds of this Co.p.w 'on deposit with the Tatioedl City Banlc of Se+r TorY, Timss 6qvurs Branob, .. =ew York, is York, to the credit of the iTiation Aaoomtt sBsll Dsar the sigatur+ of aw oon of the folloYinai ' : - !. 1 Lent a. x. oeonger •. J. Ba11sT- 44easta+r _ A.st. Seotb. & Jast. Tress. Caihl+ar . . Cbairsa oi the Bosrd Ys.sident =awatiw Yioe Prasibent Vice Pi+si4Ont & 8eortar7 . . •ios President Vioe President •ios President - l~sa:•r tast. 6eoty. i Jsst. Treas. S. Q. fassnna . J. J. DerbT Z. L. Bssrd ZII c. v. aLsoap. . -Lst. 'heastaer . Co.pteolLr Ibis resoltiti.en aQpers.aa .u pt..iwV siaaias of suoh obsoYs. , ., s+solations in ooaa.otion nitb the Qa svtton o! Hr. Jaass, ssoooded bt Xr. Qrub.r,, it ws uman2aoa47 37 Broad Bti+et, Sw York, IIer York, s1.11 baw= the sign.tnres ot asr tso of Q Ti80TJPIDt '1'bat all oboYs dresa agaimt say cf the itimds of the CaspaqW an dsposit rita ffi. Pab11e Eattonal Bsnk aad Trust Catn.T of IIsn Torlt,
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I. A. bsnt 1. II. Ganssr 11. J. ltil]aT Todd. Wool l. YoDstt.11 -. I. I. Ptak L.Orubsr t 0. 0. Daviss !. I. iW.iske 2. Y. 9a~aaaa r J. J. Dartv ' Cbairma of the Board Ar.sid.ent Zzsovti.. Tios Yr.siEsnt Tio. Pr.sidsnt ana B.o:+tary Tios A+sid.nt Tios Pl+sidsnt Tios Pr.siEsat Trsas~e+r Asst. Sooty. and Asst. Ti+ss. Asst. 44+.sursr. . Co.ptrolLr . . in oonjimotion vith saoh othsr, or any btr of the forsgoing in oonfimoti.on vith any ons of the follo.iag, pro.idsd tbat vbsn the aaamt af the oh.ok dass m,ot .zoe.d $25,000 the sas aw Ds s1gn.d by the tro lasdfats following vith- ovt oonjmotion with sapr of the for.goingt . Group 1-A . J. !t. lhDrsmott . -Asst. OosPtrollsr . J. L. Nuon "Cashier . and pro.iA.d fstrtLsr tbat absn tLe aaooat of the oh.ok doss not .rroMd $10,000 It aq7 Ds siaasl by snp ons of the follo.ina in oonJtimotios with any otr of the fosegoina or by aW two of tLe follo.ina .ithoat oonjcmotion vitb s.My of tse for.6oinas prazp 2 J„•C. soD.r . s. Y. Btpd.r . . also the foll.os•ina ons, bat not in oanJtmotion *ith J. L. llason, Cashlsrs . • L' J. fasarok aad prorid.d Rrtbar that +1ra the aaoimt of tbe ob.ck does not aoesd $1,000 it ssJ be siGaod by any oos of the foe.oins nasrd in Group 1 or Group 1-A, or V. J. fssarak, or sigya by >sahnaically afli>3ng the igaatatv of any ons of ths folloring vitbont oon,nmotion vith any ons of the foi+6oia6s - J. L. lfsson Cashisr V. J. 3asaruk. ~ . " . " . " " . This taolatLon saysrs.dss all yr..ions i.solntions silaing of snoh-oh.oks. • In ootnsotion with tLs. ~ . On motioo of Ilr. Jaass, asoondaQ by 1r. Orubar, it .as nnaniaouslj ISBOL11IDt ?bat all absoks drawn against any of the funds. or the Coryatp on Esposit vith Ths S.v York Trust CospatV, 100 Arosbva7i N.r.2ork, Fnt York, to the or.dit of the 8.galar or 8s1e®en's Aooounts of the Co.pay sball Dsar the siBrtset+ of any t»o of the follaringt ' 0. 0. Daviss res.sw'•r - I. E. Yeisks Asst. BeotT. and Asst. irsas. C ~ W Todd Wool Tlos Prasid.nt aad Ssor.tarf ~ . F. Iopswll :I.'t. Peak ,. L. Orubsr 0. 0. Da.i.s I. _. v.lsks Tio. Prasiesnt Tio. Yrasid.nt Tios F4+sidsnt sr.asur.r a,st. B.oty. and Asst. lY+aatr+r N i
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147 . s. Y. lbeaeaa Aast. i4eassa+r. . J. J•. Derby Coutrollaz' . . is oonfiraotlm vith each otLer, or aay oqs of the Sor•agoin6 in oonfuaotion ritb saD ons of the folloring, provided that vh.n the a.ormt of the obaot Qoas not anos.d 425,000 the ssas ssq bs sign.d by the tiro Sardiats follo+rins vitLont eonfinotion with aMY of the foregoing: .. Qroup hk J. 7!. KoDarimott , Asst. Cosptroll..r . J. L. iissoa Csahisr tiad proridad turtbrr that nLsn the aawnt of the oLaak Qoas tiot .zo..d-410,000 it sfy ba si62ad by any ow of the following in oon,irmotion with as, ons of the foregoing or by any tm of the following without oonjtimotion with aaf of the foregoing: oroap 2 ", A. o. Iuber • . :_ . - -I. V. &v'd+r also the folloviaa ons, bci not in oootmotim with J. L. }tisps, Csahiars . • • Y. J. =asarnk aad provi.E.d lsathsr that wbrn the aaotimt of tne oLaok Qoe~ npt szo..d $1,000 it aay be sigm.d by any om of the foregoing tisasd in Group 1, or Group 1a1, or Y. J. Basarak, or siEo.d by srohaaiaallf affizia3 tLe sippatur• of any ons of the following without oon:Mption nith aaJ ons of the forepoi=sg: . ' 0. O. Davlis - .. Treasurer - - T, Y, Vsisb Asst. S.otT. aad,Lst. Tress. J. L. ilison Oaatti,.r I.A.Lsnt I. x. Oang.r Y. J. IIalU7 iba3 Vool ~. IIops*s11 r I. I. Peak L. Orabsr Chairalsn of the Board. 2'rr.sidant Z7CSOntiTS Tios Prssidqnt• Tio. President sad B.Qi+tar: Tios President , , Tioa Ps+siCant Tio. President ~ ~ 0. 0. na,ias Treasurer - • .~ I. Y. V.fsb I.Ve IIaUnLnn .J. J. Darby J. L. liason Asst. 6sot,T. and Aast..Yr+as. Asst. 14+as. Ooaptrollsr Csshi.r ..Y.+ ~ an3 provided further that vban the aao:mt of the oLenk Eoss not soaad $1,000 it aaJ ba si6ped by ana ons of the foregoing or the folloving, or signrd by ssobaabaliT affixing the sigature of aip oas of the follovina without eon_ Jmotioa vith aay ons of the fot+goings r • V. J. lasaruk. Sbia rasolation sup.rsedas all previous rasolutioos in oom»otion:vith the •igniag of atnh obsoks. , . . , . . ... " c . • ~ ' Oa rotion of W. Jbass, aapood.d by )Ir. cirubar, it .as tmaainous.i •.• . ItCSGL®f That a11 obaoks dssvn against any of the ftim3s_of the Cc+.pa~ 0o daposit rith 1bs Aw Tork Trust Conpaay, Bsv.ntb A..nus oL, Istr Tork, Iav York, to the credit of the Green CLsok Aoooimt or the 8.d Cbsok Account of tlais Co.psw, ahall bear the ai®nat~a+s of sM7 two of the follorringt p I r
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144 t- it aaT be signed by atp oos of the foregoing nsasd in OrouD 1 or OrovD 1-R, or of the follorfsg: Oa motion af Mr. Jaassr seoond.d by 18r. Orubrr, it raa smaataoasIr ' 1CffiOLVID: That all oL.alpr drir4 agninst aqy of thbftalds of the Conpaay os deposit vith Ous=antT Srast Coepanf of Fsrv York at 1t0 Broadva7i lfsr Zork, !av York, sad/or its Zifth Asans Hraaoh, shall bear the .igoattras of aty two sigaing of ohealrs . ' . . _ V. J. Aaaarak, or sigosd by rwohaaioal~ stfis3n~ the signat+a+ of any oom of t6s folloving .itLoat ooaJimotion with any oos ot tqs foregoing: a. 0. ]a.iss ri..a:a.r - T. P. Veisb - Asst. S.ot,. aaa Asst. 'heas. J. L. )hson CaaLier . . V. J. Hasarak. This resolntioa soperseda zl1 yi+- ious rewlutions ia oonaeotion .ith the 6s~1 I.A,Eent .=oe.d $25,000 the sass stp be siSod by the two isasdiste f•olladina Ktboat oon,rmotion vith amr of the foregoisgi a. x. Onne.r V. J. Ei11.7 SSo6d Vool ~. Bopsv.ll I. Y. Peak : L. Oruber 0. 0. nn.i.. T. H, Veieb _. V . Saanum J. J: Darby - Chair.an of the J~oard .: Fl+sidsnt rssoutiv. 4ioe Presid,ent TS.oe Ps+sl.dsnt and Beoratarr Vice ProsiC.eat Tioe Presidsnt • Tioe PrssiBSnt Mr+anaer -•Asst, Beoty, sa!! Arst, Tress, •Asst. 'Prenstiaer , , OoswtrolUr . . in ootyunotion.ith esah otiher, or any oos af tLs foregoing ia.oonjmoti.oo with aapr ons of the folla.ing, pro.lA.d that whsa the aeosnt of 00 obeok does not , .. . - . . . 1 "' . . WvaY L-w •. a. nausrsvss - • . . . . . . . . • . . . . T . . - r . .. ' 1: . . . 1F ~LLa Y~ J also.tb. following one, but not in oonjunotion with J. L. /osoa, aashisrs ,- . .. . . _ . . . _ . < . .~ foregoinss Oroop 2 -•- A. C. Vab.r , • ~. 4. SoJdar . _ Asst. Cosrpttollsr . . ' / J. L. 1la.an Cashier and prori&d fortbar tbat aLan the aswmt of the obsok Eoes not esosed $1A,000 it ss7 be sigmed by anJ one of the following ta oanj+motioa vitL atp one of the foregoing or by any two of the following without oonjsmotion vith aW of the ssd pro.ided furtLsr tLat dhen tbs amount of the obeok does not exceed $1,000 it sf be sigasd by any one of the for.goin& nsasd in Group 1 or Group 1-A, or V. J. P.asarnk, or slgti.d by ssnbaaiaa].ly affiziaa the signat:ae of aaw ow of tbs following vithoat oonjunotion vith say one af the foregoing: . 0. 0. Da.iss 'h+asai+r T. E. V.isb J. L. riuon V. J. 1Gasatnk. Asat. Ssot,b. and Asst. Y4+as. Cashiir .. . ITI [ii ~ ~
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0 sisaiag of suob aLsoks. Af .otioo of !r. Jaass,ssoondsQ by ltr. Oribar, it tsa mmaaimously . 145 1li80LTIDt 'PLat all cheeks 4ravn aptinst any of tba ftuYls of the CospW on Qsposit vith The Eaao..r Dnak, 70 BroaavaT, Her York, Hsar.Zork, shall bear the signatmrss of aqT tvo of the follovingl • . Grovp i. H. A. Lnt . Cbairman of the Doard . E. K. Oangsr . A+siQont Y. J. Iallsq Zrsoutis Tio. Pr+sidsnt To84 Wool Tios Prssident and B.orstar7 • • 7.• Hop.+r.ll Tios PrssiC.eat : `~ I. I. PAak Tios President r L. Gruber Tios Pr.siBeat a. 0. Da.iL s : Yl+asca+r 7. H. V.isb Asst. S.ot7. and Asst. Ts+as. _. V. HaiaaM . Asst. l4••as+a+r, . 'J. J. DarbT OoaWtrolLr . . In ooo.1smotiF,n vith'saoh other, or any oas of the f.rs6oieg in ooajnaotion vith any ons of the folloviog, pro*iCed that rhan the asvunt of the oLsok Eass not azos.d 425,000 the saas asy be sS.gusQ by the tvo 1aedlats follovin: vitboat ooq7zmation With aav of the foregoing: . : '- - Osoep 1,A J. 8. tib.Dsr.att Jast.. Cosptroll.r J. L. Nason CaaLisr sad yro.iAsd furtbsr tbat..fien the aaotmt of the oLsok d.oss not-sos.Q $10,000 it saV be siansd by aaW ooe of the follaring in oonJsmotion vith any ono of the foregoing or by atyf tvo of the folloving viYbout ooojunotioa vith any ot the fot+g»inas . Oroqp 2 ••'A. C. Hubsr - !. Q. &v'3.'r ' • .. • .. . slso tbe folloving oas, but not in oon,hmotion .itD J. L. I~aon, Cashi.r: , ~ . .. . . - . , f Y. 'J Hasaruk' _ . / aad pro.idsd furtLsr that %thSn the aarnmt of,tbs oLao# dows not exceed =1,000 it ssJ be sig»d by ary ons of the foregoing asasd in Group 1 or Group 1,A, or F. J. Nasaruk, or signed by ssohnnical.y affixing tbe sigaaivrt of aaW ons of the foll.oving vithout oooJimotion vith aay oos of the for+koingt ; •' ! 1 / G. O. Dari.r . 'l4+asm+r - 7. H, Y.isb Asst. Ssot7. and Asst, YYras. J. L. 1(asoa Cashi.r - . . . ,A, . y. J. 1a:aruk. . ' . • : . - .... ~... . _ . . ~ ~ ihis resolution supsr.edss all previous resolutioas In oonnsotion with the si6ning of suah ch.oks. W On s»timof 3Er. Jaass, ssooadsd by rir. Orubar, it Vap tmaniaouslJ 04 HiSOLVEDt That all checks dravn agatsut any of the ftmdi of the CoMaW oe diposit vith }9anufaotnr.rs Trust Oorpatu, 5S fQ•oa4 6t1wt,,Her York, Hrr York, Mall baar the signattQ+s of aryy tvo of the follaaipg: ~ • .. .. , r L
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~" ~-_-r- 142 • _ . _ . . .-.,._.. -. - . -~n ~...- - -, ~...-.~ . . with asp on. of th. foll.oris~q, prw.iQ.d that .bsn the asiovmt of t16 ob.ok Enss aot .zowQ $23,000 the sas =LT be si9Oal bCr the tvo.iaaQiatl- • fo]lowicg ritbout eoa3motion with any of tbe forsgoings trou.r Yroap 1,A J. 2. I(oDerswtt Jast. CaEW J. L. lasoa Caahl.r s,ad prorid.d fstrtb.r tLot vLen tbe azsom t of the check dc»t not •xos.Q =10,000 it sey b. signsd by W oos of th. folloring in oonjsmotion with ssq ons of the foregoing or by asp.tvo of the following nithoat. ooa3unotion with aW of tLs fos+Soln[e otoay 2 - - • L. C. ftsbsr- . . -2. B. - Sz1711r. . . . " " also the foll.orins ons, but not ia oon,rmotion vith J. ~ •. J. Nassrak L. Mason, Cs.hL.rs asd yro.iBnQ fvrtber tb.t rLsn the -t of the check do.i not .zflo.od $1,000 it siq De slgwd by any otM af the foregoing naa.d in Grovy 1 or Oroup 1-A, or Y. J. Nasarak, or sign.d by ssahaaioal.ly nffizing-ths sigstus+ of sny oos of the fo].l.ov- ins vithout oon:smotion nith any ons of the foz+Qol.ngs 4lr~assa+r •ast. Bsot7. & Asst. Tress. . Ca+thisr - 1Z80LYIDs That all ohsoks dss*n sgsinst sW of tDe fimds of the Ccs:pasp• on drposit ritb Ths Ct3a• Satiosal Beak of tbs City of Ees York, 18 pins Bt=eot, fer Tork, Bnr York, sball bear the sigoatar.s of any two of 2be foiloniM: Qrvq 1. .: •79. >. Ssnt 2. ![. OmB+r j Y. J. Ya11..7 . Orottp 1-A J. !t. 1tcDeraott Jsst. Cosptroll.r Todd Wool 7. aups..u 1. _. P.ak L. Orab.r _ 0. 0. nas..s !. a.. v.islos S. Y. lfao>tsaa J. J. Da=by Cbairasn of the Bosrd Ps.sidrnt Zzeoative vio. P=.sid,.nt Yio. President & B.o=stnry rios Ps.siBmt •io. Fr.siAsnt •io. FraiGrat sr..snror • Lsst. 8soty. L Asst. Tress. last. Tl+aa:a.r Ca.wtroll.r , in eonfimotion rith saoh otber, or any osr of the for.goind iri ooaj tmotian with asp ons of the following, proridad that vL.n tLe a.oumt of th.'eh.ok dn.s not ezo..d W,000 the sas afq be sig»d by tbe t9o iamsdiats following withont ooo,)Motion with artt of the for.g+oins: and ys•oridaQ furtbsr that rban the saoumt of the ohsok Ao.i ndt szo..Q $10,000 it ssry be sigrad by any oos of the folloving in conjunction with saY oes of the for.goisas or by any two of the following without oooJ imotion with any of the , •• . J. L. 1lasoa . Csshisr • i-I
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- • M w yL foregoing: : Qroop 2 = ` O. 0. Dn.i.ss Treasurer A !. I. VaiLk.. Asst. Seott. aaQ Asst. S4.as. J. L. Muat Cashier _ V e J. *...,.yk, 143 also ths folloriaa oas, but't»t in'oonfimotion with J. L. IYson, Caaai.r, fi, J. Yasarak . . aa: y.-mridad fRrt2e.r that when the aaosmt of !b oabsok aoss not azoa.d $1,000. it tok.- be signed by aaT oos of the forsgoiss naasd in OroaD 1 or Group 1••A, 'or Y. J. Auaruk, or signad by asabmnioalif affizins the signatm+ of aap• oom of tbn toLtorina without oonjunction with any one of the for+goina: • ftis resolution svpsrsadss 4,11 pra.ioas i+solations in conasotion vith the sistin6 of smh obsoks. - . • - on aotion of )5r. Js.es, ssoondsd DT 1lr. Grsbar, it s.a •smsaiaously IKSSOL9ID: Ybat all checks dtavn against aay of the ftimda of the CospaaT on deposit vith Cbesiaal Benk and 4Yast Coayany, 165 Bro.dvs,, 15.. York, ks Tork, shsal bear the signaturas of azi7 two of the foll,uria6s Orov -1 Z. A. tant • - 1. K. Qangsr V. J. Esllay Toda Wool 7. Hopsrall 1. I. Peak L. Orabsr . 0. 0. Davies Cbsirrn of the Boa:d . presiCeat . • 13sonti.. Yioe Yz.siBsnt lios R+sidrnt i Bsoretar7 Vioe F4+sident Vioe President Vios President 'heastrsr A.st. Ssoty. and Asst. 4'r+as. Aist. i~sasuaor . ComYti'ollsr . I Sa oonJimotion vith .acL otb.r, or any on* of the foregoing in oonjmotioo with a.ny one of the following, provided that when ths asosmt of the ohsak does not .zos.d E2S,000 the saas .ay Da signed bT tha two iss+sd]ats follarina *itti- oat conjunction vith anp• of the foregoing: oroap 1,l J. E. )IoDsimott As.tr C.amptrullU! J. L. Msoa C.abur 1. Z. Vaiska S, V. Luasaa A. C. ltuber D. V. Bqjdsr • J. J. Darbr and provid.d further tb.t Man the anosmt of the oL.ok Eoas not .zosod $3A,000' , it sry be sign.d by a:W ons of the following in conjunction vith say ons of the foregoing or by aty two of the follaviag vitLont oonjimotion vith any of the foregoing: Oroup 2 A. C. TQbVr' r ^ _. V. 6apd+r . . ' . ~.~ also the following ons, but mt in oonjumotion vith J. L. }Isaon, Caaht.rt ~ Y. J. Vasarak . . " W . ~ ss provided further that vnen the aaosmt Of tb. oL.o1c dosi not so..d i1,00oM I r
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....~ ..~.
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138 -01 . iayaaber 3, 1952 A rsaalar s»atinA of the Sbsontiw Cammitaa of P. LorilLr4L CaRpaql ws Lald toda,7 at tbs offioa of the Coqaw, 119 Yast kOtb Street, lfv+r York City. ' mars wra pr+Mnt lfasrra.= 1. A. Lrnt . , 2. x. aang.r . : Y. J. Eall,r7 . ?o lops'wll . I. i. PaaY ' J. J. Blaokaail , L. QraLar A. Jasss • TodS Wool '1r. tant, Cbairmn of the Board, prasid.d and the B.oratarP aoaQ as Oaoratar7 of the msating. 4a-motion duly s"A and ssoood.Q, the raaQin; of tba ssimrtas of the pr.ioaa asatinA w dispsnasd ritb. Cn sartioa of rir. soprr.ll, ssoondad by kr. Jasrs, it vaa usaiaoaaIY ~BOLPSD: ibat the aotion of the Rasouti.. Yios P:+sidsnt and the 7raassn+r of this CospanP, in borro.ina on Aagust 28, 1952, on bab*lf of this CasPO7,irc= "n Yaaa..r Eaak, 70 DroadvaP, IIw York, Rw ?ozY,.tAa sun of Ar 1=lion DolInrs ($1,000,000), and in axsosrtins and dali..ring in the aaas of this Ccmpanp ita prosissorP noa aridenoins said dsbt, bsaring said asa and VWabls at satd bank.ainatP (90) CaJs froa said daa, rith int.:+st at the s+ts of 3% per amena fraa said Oats, bs and the ssas brrabT Is ta all t+spaots approved, iatifisd aad aoafirsa. fYai said daa, ba and the saas hereby is In all t+sysota ayyro..C, ratified and oonfi:aod. . Cn aotion of W. Ea11aP, sseonded by Mr. Eopawll, it vaa tmRniaoua1T Cn natioa of 15:. Zopswll, ssoondieQ b7 )b'. Jasas, it vu umaa2aouslP SBQL4IDt 'mst the action of tba.lCnsonti.. Vios Praaidant anQ the Traastrsr of this CoeMaaT, in borrovinA on BaDambsr 2, 1952, on bshalf of this Oompany, fros Uba Chass lfational Bank 1$ Pio. 8tr..t, lfav Iork,. Hav York, the s= of Oas itjLUm Dollars (41,000,000i, and in azsouti.rg and d.lirsrins ia the naaa of t'tis CaaPaZW its praaissorf sota aviEsnoing saiQ debt, baarins ,sai+t Eata aad payabla at said bank nin.t,f (90) days fras said daa, vith interast at the zata of 3% psr ana+a froa said daa, bs and the sar LrrabP 1s ia a11:r.spsota aqpro..d, ratifisd and oonfirmeQ. , Cn'motion of Mr. tops..ll,-ssoondsd by Mr. Jass, It vas amaniaoasif 1QBCRRIDs Ihat'ths action of.tb. Ixsoatiw Vioa Presidsnt, and the S4+aaua.r of this CoqyanT, in ranaving on Sspttob.r 2, 1952, on baLalf of this Cas3aay, tbe loan rada J1ms 2, 1952, fra. The Banlers 1Ywst CompanJ, 16 Wall sts.at, S.w York, Bav York, In tbs.ao, of Obs Million Dollqrs (41,000,00p), and ia ax.outing and d.li.aring in tbs oaas of this Coe<patp its yroaissorT nota rri0.aoing said dsbt, bearing daa of Sapamber 2, 1932, and PsJ'abla at said bant ninaty (90) days froa said daa, iith interest at the raa of 3% p.r aanum CI u
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Asast 27, iM 135 A l+eala.r ss+tins of the SzWontivs Coodttse of Y. LorilLrl CcsvoW nas k.11 today at the ofiios of the Ccoparp, 119 Vsst kWh Btr..t, Fw- York Cit,. m.r..s. 9e.ssnt lisssrs.: H. A. S.nt . .' . !r ![. Osmas! , - '. J. ralls7 I. H. Pssk . J. J.. Hleokaall • • . A. 7. Vosssnsr, Assistunt. Bs0+brt Xr. Lsnt, Chaitrssa of the Board, pr+siEsd and the Asaistant 8.oi+tsr7 aotsl as Bwrstfrr 9?e th. sisstias. ; Cn srotioa dnl,7 ssds aad ssooodsd, the r+ae.ina of the ainutss ad the qrs- tioas s».ting sas dispensed rith. . Ca srotioa of Ifr. Csom.r, wooodsd by lfr. 3Lol~aL1, it .ai Vmaniaoaa4 Hi80=: Tbat the action of 7. Haps..ll, 7ios Prsii6.nt, and 7. H. V.lLks, Assistant Trsasm+r af this CMyatV, In borrwin6 on August 21, 1972, On bsbalt of ttis CoapaW, trosi lt+s Y*ffufsotir+rs irast CospaW, 55 ~'~ dtrM t, 7ss 7o~rk, isv York, the sm~ of O~s iiillion Dol]ars ($1,000,000), and Sa szsoatins asd d.li..rinQ in tLs*nsss of this Cospsy its qroaissm7 noN .vidsneina said dsbt, bearing es1A dat. saS psyabls at osilA bank ninsb (90)- 6Ws lroassaia dat., vith intsrsst at tbs =ate of 3% ysr aaa= irass said Esta, bs aad the sssm bsi+bT is in sll t+spsets aypro..d, ratifi.d aad eoafi:mwd, At aotion of flr. Gstsgar, ssooadsd by lfr. nlaat++1f, it taa mosaiaoasl7 1CisorAID: Tbat the aotion of 0. 0. ns.i.s, Tressar.r, sad tbad Vool, i •ios Prs.idrnt of tbis CosrpanT, in borrowing on August 25, 1952, an D.Ls1f of this CospW, fYoa TLs Ratlonsl City Beak of 7sv York, Tias. Bqvars Diaooh, 1 41st Street aad $osmrsT, aew zork, L'ss York, tbe svst of Ons ~~ou'Do1Lrs ($1,000,000), and in rsocting aad dsli..rina in the nsss.af this Cotfpas, its : de,Ts SY~c~m said b riri~~iabrr+st at ~ t~ rsbte ot 3% psr ( bsak ni~t~-oe. (91}s da smnta ira said dsts, be sad the sar hn+br is in sll r+spsots agyrosd, s•tifi.d aad oanfiasd. , Ca sotiw of IIr. Oanger, ssoond.d by lr. Blaaktis]1, it sas timaniama2y i LI Ei84t.PHDs That tbo action af the Rxsoativs riw Psasidrnt iaS ?. _. V.isb, Assistant Treasurer of this CosmatW, in Tsa.y ina o'n AaHnsL 25, 1952, • on baLnit of this Cosipstp, tLo loan esds Alq 27, 1952 lYaa Tbs Chrssioal Hank sad Trust Cosgsw, 165 BrosQrsw, Esv Zork, Hr. TorX, in the stsz of Os. Ifillioa Do11Brs ($1,000,000), sad in snontina sa3 d.li..ring•in tLs a.as of this Coispasw its yroaisear7 nota .vLasnoing said d.Lt, bearing aats oi,Aa6ast 23, 1M, sad parDls at said bank niastT-on. (91) dqs 2raa said date, with intsr.st at the zaa or 3% psr affiaa iToa said Esa, De am tae sss t.r.b7 O is in all respects approsd, ratifi.Q aad ooafirrd. . W Cn aotion of llr. pangar, woaobd b7 Mr. Blnokoau, it ws aoaalaoaal7 %a ]QBOLTID: That tbe aotion of the lz.eatiw Y14s President ani 7. !: (a HsLks, Assistant 1lrsasursr of this Coay&rgr, ia tsnwitg on August 26, 1932, .1 oe behalf oT this ConVa,pr, the losn ssds ris7 28, 1952 lrosti ihs Bationsl Cit,T „p Ssnk o! Ess York, Tisa Sqmr+ Beanoh, k1st Btssst aad Prosdva7i Zw =oryc,. T.r York, in ths saz of Ons killirnt Dollars ($1,000,000), aad in sxsontins •
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i p I , . 0.43'743'75 . ~~- +~ . •~Nll . . . I. •- 1 : I t. . . .... .4 .
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Eli 1i31 .. sstiat. P420, of Iwnma & Uitohsu, Iao., datsQ Julj 18, 1952, oosriua sDot tslsrisioa ansrtiaiag of OID CAID CiEsrstta o..r Btattoa Hl'EI~17, 2odiwaapolia, Iad., 417 21, 1952 thros& J¢1r 17, 1503, as ffi~+1& »t ont, at a total oost of $36,316., of ehtoh SZ(,117.50 ss to ba ohsrgsd to Lss 1952 adwrtising'bod- a,.t aaa W,198.So to t3s 1953 aa..rcisiag bmg.t .tra aavpt.dj ,• Zsticata of Sational ZzVort Adwrtist.as 8er.io.,. Zna., dabd J4lJ 274, 19~2, eot+rin8 ad.vrtisias of QID WID Cigai+tt.s ln Zntarnutioaal Air 7ditioe of '!L. A.r zork Tiza, Angust 8 to D.eimb.r i,Z,.1M, at a oost or P3k.61. !h. 8.or.tary Laid bKo=s tbs arstisg tbs folloriaigs bas, datad Autust 1, 1952, from Mllraps 6011090 of Rooass 313-1t 1[illasps Dlda., Jaolrsoc, 131ss., for oaM year i!ou Jalr 1, 1952, at an aanual r+=tal .[ $672.00, P`7ab1. In .qml eoathl7 iasta»narnts in aQ.aao., tm8ar baras apd OOLditSALS tbOT~13 Nt oRt, fhiCb oe wtion ot i(r. Ja>y.s, ssoool3rd by 16r. Ornbsr, vµs In all "spwta apprar.d, ratified sa3 ooniirmd. On aotion ot 1ft. Wool, ssooudsd D7 )!r, Aak, it ws iaesafaswaly 1tl60LMi That this Ca,y.aT sobsoribs to aamb.rship ,ta the Eati,oaal Ssttar Bosiasss Esm+sa for ons year from Aagast 13, 1952, at t1s s.ts of 43O .1b. ' - r - .. . . Qt sption AaZTr as8* atid .Noosf3ad, the wtins adJoRrlwd. . I I
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1 s I- I ~ i w O ? O .~/ F•  1 043'74380 #...••..•.. M .`'.  • .  . . . NRRRRRRR.:S . ,
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196 q : . August 6, 1952 , regular sieeting of the lnsouti.r Camittet of P. Larillard CoIIpany ma held todaf at tbe offios of the Co>panf, 119 Yest kOth Street, Sev ;orh City. There asrs prs sent lfes srs .: 8. M. Ganger . V. J. Ha11eT ~ . T. Yopevell • , z. F. Peak J. Js 8lftr-''^-» L. Gruber a 1-. Jam s . Todd Wool i In the abssnos of 1r. Kent, Chairman of the Board, Mr. B. M. Osagir, President, prssid.sd and the Saoi.tarf acted as Seoretar7 of the seting. On notion duly msds and Noondsd, the reading of tbe siimates of the PreTioas meting vas dispensed vith. aad oonfirned. On s+oticn of Mr. Hoper.ll, seconded by )!r. Peek, it vas iman.iaously 1fS50LTHD: 'lbat the action of the Ezeoatirs Tios Pi.si3.nt and the 7rsanarer of this Coewety, in renevi.ns on August 5, 1952, oa behnlf of this Cospary, tLe loan ssde Yaf 7, 1992, froa Ths Chase Bational Hsnk of the City of.Aev York, 18 Pins Street, 1Csv York, Ls. York, in the sua of One Million Dollars ($1,000,000), and in exeauting and delisring in the nas of this Company its proaissor: note aridenoing aaid debt, bearing date of August 5, 1952, and paJable at said baak ninstf (90) daJs froa said date, vith interest at the rate of 3% per awa frw said date, be aad tbe saaa L.rebP is in all respects approved, ratiSied On s,otion of Ifr. Peak, seoondad by Mr. Jass, it Ns anaaiavuslf EffiCLOEDs 'II:at the folloving emploJsents of Salea.en, vith the authori- satioa of the Sales Dept aali the approval of Todd Wool and P. Hopevell, Tioe Presidents, be and the sas hereby ars in all r.spects approved, ratified and oonfirsied: - LJ Sa8iohatd H. Husbner 'l4caas J. }fo0rath 01*nn 0. Sohiebsi sidney s. A11en . / At the rate o2t =fiboti..: $6~j00 per a~a 50 p~r vsek '~ . ~O 50 ' . . On notion of Mr. Peak, seconded by 14. Jases, it vas tuaniaoniiy S~saLIED: Ybat the folloring eeployments bs and the saas b.rsbJ ar* in all r+speots approved, ratified and oonfirarsd: Old Gold Branch Sol E. Le.. At the rats of: $3900 psr auma =ffeoti..: 8/5/52 ~ . M
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11 Louisville Brsnch IlarjorlA Y. Gakls3' • . Ifnloola L. Killer 7ouis Laadfield 36 .' At the rate of: Iffeoti.e: ~ per week : 7% 7/28/52 . 1ev Tork Office Ooldie Storer 43 .' . Ira Grief • 36 ' . =86 per sroek -12? On notion of Hr. Hopevell, second.ed by 34r. Cruber, it vas uaaniaously =SGLVID: That the following inareases in salary of Di.ision Naoegers and Salesren, eaoh effective August k, 1952, due to promotion or being inoi- dent to the terms of salar_v e.greemnts or to established salary tate schedulas eo.ering work aasigmsnts and in operation of an established plan of salary increaees based upon merit and/or length of serrioe within established rate tanges, be aad the sams hereby are in a22 respeots approved, ratified and oonfiroed: , .Troa the rate of: T4 the rate of : James 0. Psirris $70 per, yeek $90 par yeek John c. 6mith . ... 65 'N ' . .. .Ia.rrenoe A Pasha 60 . 65.. .• .. . Siilltea r. Pierce, Jr. . . 55 60 ' • 'Delbert v Glover 50 u . . . . . . ' Cassie )Sartin 50 55 Cbarles !. Plumridge 50 . Qilliem G. Swindle 50 . • s5 . . . Shom s Dewitt Vinson, Jr. 50 55 Gordon L. Bishop . . 45 010 . `. a lrank J. Oorrigaa , . 45 . 50 . -De.rrell D. Rebik . . k3 50 ~ ~ On noti.on of Mr. $npevell, seconded by Mr. Grumer, it vas •,•+antm+usl,r , RS80LVZD: That the following inoreases in salary, due to promotion or by reason of additioml responsibilities and being individual writ inoreasees In operation of an established plan of salary inoreases based upon rrit and/or leagth of service vithin established salary rate 1•anges, be and the sasm here- ty are in all te spects approved, ratified and oonfiraed: . ! . . . r ' . . >tow the rate of: To the rate of: Effeoti.e: Yev York Gffio. Jaas Brown =5A per wek =S9 per veek ~ 8/h/52 Dan.ille Leaf Dept. • Iisrion !1. Starkey $1.30 per haar ~60 per week " 8/ 7-/52 024 Gold Hrsnah Douglss Brovne 6te]la Gusskovaki Albert 6ault Yhitlook Branch Bessie K. Hughes On aqtion _dul,y ms8e and ~ . . 60 ~ • . 8/b/52 . . ;90 per veek .. '8/11/52 ~ 65 . . seoooded, ths aeeting ad journed. 0 W ~
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, Maurice M. XcSvo7 !'loyd !S. March Yvonne Eddings Awood Hnlse, stanlep Humts Ralph 0. Pettit Robert E. Totty, Jr. Tsank Y: 4tilaon; Jr: . At the nte of: . . i60 per veeY . . 50 ' W . 50 50 50 50 tffecti.et 7/28/52 . . . . . . . . . . . . . . . . . . . ti a On notion of Mr. Hopavell, seconSed by ![r. Hlicioaall, it was tm.niaonsly id:itlock Branch Zelrl.a T.' Bruffy . Ito. . . ~ 7/21/52 On motion of Mr. Jase., esoood.d by Mr. Bl.ekxs,all, it was uuaaiaoasl, July 28, 1952, being incident to'the terms of salary agree.eaita or to eatablished HESOLVIDr That the folloving increases In salary of Salesaen, each effective plan of saliry ftte echednles-co.ering vorY aaaivsents and in opentioo of an estab- establiched nte ranges, be and the ssme hereby ars in all nspects approred. lished plan of salarr increases based upon aerit and/or length of serrice within ratified ind confir.ed+ . . i. . Trom tb.nteofr ?othe nt.ofi . e _ ! 113en P. C®eo per week i5 5 460 per teMt Robert L. Hart r c 7j •  60 •. Yilliaa E. Brow, Jr. ti . 50 55 . • Len B. Oreen r , 50 . . 55 . • Billy Joe Johaean < - ; . / 50 . . 55 • . , ' Lnthony E. 1S,mgus 50 . . r 55 • John A. 1Liri.n 50 . s 55 • . Clarenoe L. Pearson, SJr. 50 . . 55 ' Bdvard C. Reilly 50 • . 55 . • Richard ?L Tanbe 50 . . 55 • . Znosas P. EBan - . • &5 50 e • Oe notion of Mr. Halley, seconded by Mr. Hoperell, the folloving ad.ertis- ing expenditure, which is a part of and within the mae of s,oaey authorised by the Board of Directors at a sueting held Septesber l9, 1951, for an ad.ertis- inn6 progrsa during the Jear 1952s was In al]l respects approved, ratified and eoafinaed: ' , u
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.125 i Estiaate dated JnlY 15, 1952, of National FScport ld.ertieing Ser.ice, Inc., covering CbD OCd.D ad.ertiaing in the Pacific and Fhrapean editiona of the Army and Air Foroe Tiaes, Augaat to Decenber, 1952, at a total coat of i2,992.50. : . - She Sec:.tart laid before the meeting the tollorings Leaae dated Jime 25, 1952 froa Rsalroc, Inq. of Rochester, of Rooa 321 Bazice 8nilding, Rochester, H.T., for one year frcs ingvst 1, 1952, at an aannal rental of =900., payable in equal moAttil.,7 Snatallmente in ad.ance, ender tena and conditions therein aet onta which On ovtion of 1tr. Hopereu, seconded by !(r. Halley, was in all r.speete sppavned, ratified and confirmed. Qn wtion dply.znde and seconded, the nssting ad,jonsned. ~ . .- Secretaty. I
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----i~~----~~~J ;: 122 appromd, rstiried aad oonriraed. On .otion duly snds and ssconded, the meetiag ad,}auraed. As. istnnt 6ecze tar7
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July 30, 1952 -.a-=. . l regular t.eeting of the E=eontive Co8lttee of P. Lorilllard Coczpar>T trai beld today at the office of the Compacy, 119 West 40th Street, New Torfc City. In the absence of Mr. Kent, Chainsan of the Bca.rd; Kr. Oanger, President, presided and the Secretary acted as Secretary of the aeeting. On aotion dnlv r,ade and secohded, the radirig of the aiinotes of the pre- Tions aeeting vaa dispensed with. On notion of Mr. Hoperell, ssconded-by Mr. Orab.r, it was unanlaoosl,T BFSOL4LDt That the action of the Tsecuti.e Vice President and tha Treasurer of this Caapan7 in renewing on July 28, 1952, on behalf of this Compaaf, the loan made April 28, 1952 fra the OutrantT Trust CaQpasp of yevTork, 140 Broadway, New Tork, N. I., in the am of One Million Dollars (=1,000,000), and in executing and delivering in the name of this Coczpaty its praaissort note evidencing said debt, bearing date of July 28, 1952, and payable at said bant ninet7-one (91) days froa said date, vith interest at the rate of 3% per anzna from said date, be and the saa,e hereby is in all respects approved, ratified, and'confiroed. ` . On twtion of Mr. Hopewell, seconded by Mr. Oruber, it nas tmaaiaoasl,7 HE90TAIDt That the action of the Erecuti.e Vice President and the Treasurer of this Company in renewing on July 28, 1952, an behalf of this Coaspary7, the loan nade April 28, 1952 frozt the Chel.ical Bank & Trust Company, 165 Broadway, yer Iork, Nev Iork, in the sms of One !lillion Dollars (i1,000,000), and in executing and delivering in the nans of this Company its prcaissorP note evidencing said debt, bearing date of July 28, 1952, /and payable at said bank ninety-one (91) days froa•said date, with interest / at the rate of 3% per aamas froa said date, be and the satae hereby ls in lll all respects approved, ratified, and confiraed. ~ There were present Messrs.t R. M. Ganger W. J. Ha11eT ~ - !. Ropevell J. J. Blaclmall L. Oraber l. Jawes - Todd Nool / On aotion of ?Sr. Hopevell, seconded by Mr. Ornber, it was unanL.oasl, RffiOLPEDt That the action of the Executive Vice President and tfie Treasurer of this Company in renewing on July 29, 1952, on behalf of this Cosparq, the lo:n tsade April 30, 1952 froa The Hano:er Bank, 70 Broadway, •en Tork, New Yo:ic, in the sun of One killion Dollars (;1,000,000), and in executing and delivering in the nane of this Company its pronissorP note evidencing said debt, bearing date of July 29, 1952, and payable at said bank ninety (90) days f:oa said date, with interest at the rate, of 3%-per annoa frorm said date, be and the saae hereby is in a11 respects appro.ed, ratified, and confirmed. On notion of Mr. Hopevell, seconded by Mr. Blacimal10 it was ttnaninousl,7 RESO[.YEDt That the folloving eaplaf.ents of Salessen, with the antaor- isation of the Sales Dept. and the approval of Todd Hool and F. Hopevell, - L . :; i
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f-. 043'74387 ~ ~ .........:............................................,. ~ . ~ ~ ~...... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I ; . . -~._-.~... , Is ~ ~a w~ m Eb~m~i ~ r h4 ~ +p + ~ ~ 44 + ! I .. q ~ {. ~`a ~rl ~ O ~ y~a yM $$ q~d J~+ •d ~~'~ pQrpli+~ ./ . I M rl !~ ~~.,~ • Aqa a e~ s ~~ a~~a ..G R {
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fl , 1`.ejyz~ Brookmaaa _ Jane Brown /fsbel Hallornn Diane sirsoh wnns Nadison 'lhosas Clenents Zvelyn Cha.ar Jacob See:sn Eathryn Tin1ay Ired.erick Courteaar Ienore Zoob I]ains 2A1ly Astrid $smtemann Aaron Penzer J. arahas riuortangh John Smith OeneTie.e Iavlsr rera Londaer Jane'Gatti Zdvard 1Contos nlsabetb Lsas Carol Surdsn fatbnLee Bluh. Theresa Fsc&e- Troa ths rats of: $'a79 per veek 52 ' ks ' . . - 54 39 ' ~ 36 70 - 55 ~ 57 52 k2 k8 •0 33 59 ~ 52 52 ~ 49 60 To the rate of: $52 par•v+sek 57 - 52 ~ 59 - 39 72 60 62 57 45 52 kl 38 64 ~7 •956 67 62 55 54 65 121 On notion of )!r. James, seconded by Mr. Cruber, the follrn+ing a4.ertising erzpenditures, all of vhioh eae a part of and vithin the sua of ronsy authorized DJ the Board of Directors at meetinge beld Haroh 20 and June 18, 1952, for an advertising and publicity program dLaring the :ear 1952, vs=e in all respeets apyroved, ratified arui confirmed: Istimtes of Young & Rubiona, Inc., as follws: #7, dated June 5, 1952, com 'in6 nevsMer advertising of SSTff Cigarettes in Doston snd Providonoe, during 1952, as therein set out, at a total cost af $60, 861.98: -#13, dated Jcros 5, 1952, covering nwapaper advertising of 23t7T CiPprettes in Sea lranolsco and Oaldaad, during 1952, as thereia set out, at a total oost ot *36,891.92. '!bs SecretarP laid before the mseting the fol2oring: svnth],f instnlLaents in ad.ance, under tenu and conditions of said leasaj oas year fraa July 1, 1952, at an annusl rental of $1,020., payabls in equal Xooas 401 - h03, 214 Duffield Street, Brooklyn, H. Y., for a further tern of I]rtenslon of lease dated ?'ap 15, 1948, from Portlite Realty Corporation of notice, at a cost of $1,420.10 psr annum, under ter.s and oofflitions 13iereia rar to year tbereafber unless ternimted by either party on 30 daps' vritten for a period of five years from date systea is operative, and to oontinue fros ths Costpsnp's Louis.ille, Ky, plant, at an instaliation charge of $1,988.7k, tmriace of Cmtial Station Sprinkler Supervisory & Waterflw Alarm Serri.oe at Jgrseasnt dated May 23, 1952, vith A. D. T. CoeQaqp for Installation and .ain- met out; each o2 vhich i I
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0 i ~ ~,• it. •.. • .  .-. . ~ ,, . }?l t?l.'^i K K Ql Pl `.~' 2 `A:: &! P Kf4 . Alk " .:9R 8 " O . 043'74390 ............ •••.•...•...•.:..•.............:.•.~.•.••- .M Fl p 11, ~ ~ fes p ~p ~f ~.+f 2 f~r1.t R rt~~ M.d ~O If~~ I~ R Ri A A.I JI r r M~ p' R ~ X.~f R~ If~~ ~ M f~l .-1 V 41 g ~a ~5 ~ ti df ac'j o ~ ~~Mg ~ ~ ~aa aaAN~~~ ~ ~~ ~~~ ~ ~~.
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116 Ja1S 23, 1952 A,regalar saeting of the Zzeanti.e Camitt.e of P. Lorillard CotpatW •as hald today at the offioe of ths CosWarzy, U9 Yast kOth Btr+et, Y.r York City. A. Jaates The:e vrore present lbssre.: R. 1[. tianger . Y, J. Halle7 J. J. Bleokaall ` L. Gruber A. l. Yoessner, t.LSiat,mt &,aretary In the absence of Mr. Lent, Chairmn of the Boara, Mr. nan8sr, Prssident, presided and the Assistant Secretary acted as Secretary of too meting. 8Y80LY~: That the action of the !=eonti.e Yioe Presidsnt, and the Tieasarer of this CasrpazW, In remving on July 21, 1952, on bahalf a,f this CaapsiW, the loan snds April 22,- 1952, frao The BnaLsrs Trust CoQpnzy, 16 Yali Street, sev York, Sev Tork, in the.ans of Oae Ktllion Dollars ($1,000,000), arid in sxeonting aad delivering in the aaas of this Catpany its proslissor7 no evidracing sa.id debt, bearing date of July 21, 1952, and psyabls at said bank ninet7-one (91) days froa said date, vith inta<rest at the rate of 3% per anmm fraa said data, be aad.tbs ssae.herebT is in a11 respeots appro.ad, ratified and oonTirmsd. Chm aoti.on of Mr. Ral]n7, seoocded by Mr. Oraber, it .as ®aaisoas17 BffiOLM: That the folloiring e:ploysnts of Salessn aad Yarehaise Pioksr, rith the aatborisation of tbs Sales Dept. and the approval of 4. J. Eallef, tssosrti.e Yioe President, and L. drvtber, Vice President, be aa3 the saas hereb7 are in all respects approved, ratified and ooufl.rosd: At the rate of: . =.1Ysctis: Josaph J. Se.erini $36 par vsek 7/7/52 Yallaoe L. Bolasak SQ . 0 7/21/52 JoLm Y, East :4 Iavsenoe S. Eiaoaid 50 ' N. IsmT L. 8elf 50 , . • Cn ssotion of Mr. Ha11eT, ssoonded by Xt. druber, it was :mnnlsoaaly In a11 raspeots approved, ratified and oonfirmsd: Hf.4CQAD: Tbat ths folloving employaente be and the esas bsrebP are -' Zsw York Offios Ibrs Caocaaoon At the rateoof: }ko "per veeY Lffeotive: 7/21/52 Old Gold Eranch /Iiohael V, 1Snnialifts 65 ' Panl-D. Cavansu& 60 • . . Roger P. Ssilig 60 ' 7/22/5Q I 4 i
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~~~ N & b ~V o ~ o ~'' rr K ~ ~ ~.. . ..- i ~ ~ ~ O~g V~IrWNVIV~INQ~W~OW)aW ~ ~` "~  pp ~~ ¢ ~ • . , . . ." .... . . . . . . . . . u~ir )~u V4 3 -j W~S rjurodop u~~W~~ Cr I r
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~-' - 1 Y. J. Bal.le7 . I. BoDeuell . I.H.ibak . L. Gruber L_Jaaa - Todd Yool . In the absenoe of )r. Kent, Chairean of the Board, Mr. Oanger, President, yresided e.ad the Secretary acted as Secretary of the aeeting. . On aotion dnlT mds and ssooatsd, *3r reading of the -:inutes of the pt+- tioas iseting vaa dispensed with. . On axrtion of Mr. Hope.ell, seoonded by Mr. Gruber, it vas amanfaously MOUM: 'ibat the action of the Ensoatiw Yioe President, and the I ir+asm+r of this Covtemy, in renoving on July 15, 1952, on behalf. of this ----~~-- JM4 - July 16, 1952 A z+gttlar sseting of the rieoutive Crnait of P. Lorill.ar4 Cosqaay Vas held today at the otfioe of the Co:yn:W, 119 Nest kOth 8trest, 2fsv York city. ^+r Shs=+ wte present lSsssrs.: E. M. Oang Ccmnay, the loan sads April 16, 19--, ftoa Ma Chase Tational Bank of the City af Bev Tork, 18 Pim 6trest, Irev York, Fer Tork, In the sta of Oos Nillion .~ Dollsrs ($1,000,000), and in executing aad delivering in the msr of this Caepazw its proatissor7 note evidencing said debt, bsaring date of July 15, 1952, and pa7abls at said bank nimtT-oas (91) da7s froe said dat., vith interest at the rate of 3% per aaaua frca said date, be aad the saae Lsreb7 is in a11 tespeata approved, iatified and oonfirrsd. - On aotion oS Mr. Peak, seooadsd by Mr. Grnber, it vass nas.niaansl7 oonfirsdr - •• BUOSA'ID: 'Pbat the follaving eaPloYxwnts of 8alesmsn, vith the authorizt- tion of the Sales Dept. and the approval of F. Hopevell and I. H. Peak, Yia Yresidsnts, bs and tbs sas hereb7 are In all respects appro.ed, ratified sad r At the ate of: Iffeotin: i Charlss A. BsrnLsrdt W Ar veek Leslie s. Borovnson . .50 • • Tbomas Y. Flsngan . 8sao A. Nsluooi Constantl.ns D. Paris ' 50 Nsrbert L. B.arts - 50 . - • . . ~ : . On notioo af Mr. Peer, seoondsd b7 xr. Gruber, it ~as tmaaiaaas~. RESOLV]CDt That the follo.ing esP1o7asats at the Nesr York Offioe be aaS tb._saas hereby are In all respeota aqyroved, ratified aatl oonfir.ed: - - , - .. At the rate of: =ff.otiv.: • Lois Hrooh ' 430 psr veek TAC/52 sita ~lan~ Jg • • T/lk/32 On s:otion of Hr. Yall,e7s ssoond.d by Mr. Hopevell, it vas uman]aaisl,f ,
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~------~ 1 ad =172.30; ~ #419, dated June 26, 1952, covering prodootions oosts of tele.ision advertising of EKmSST Cigarettes (Down you Go hitchbtke), during Ms,7 19~i2, at a total cost fk16, dated June 30, 1952, covering oost of irperin•ntal Liw Action 1i1m for television ad..rtisipg of 3M= Cigars, at a total cost of P36.OO. 0o s+otion duly arde and seoonrled, the se.ting ad,}ournsQ. eeoratarl speots approved, ratified aa,d aonfiraed: . .,..,~~ :115 IMSOLVBD: That tLe folloving increases in salary of Salssaen, eaa6 fffeoti.e July 14, 1952, being incident to ths terns of salary a®reee.nta or to established salary rate echsdulss covering vork assigrwnta and in operation of an establlsbed plan of salary inaseases based upon ssrit and/or length of serriae vithin established rate =anges, be aad the saas bereb7 are'!n s.ll re- lra tLo rate of: To the rate oft Patrick J. Tergus W per wek $65 Psr aeek Orlaaio ?raaois R 56 61 • - . Teddy R Pierson 60 ' . . lobert C. Yesson Clifton•L. Yood Jr. ~ : - SS ' ' 60 ' 6o - . , JoLn s. Corooren - 53 ' ' . .,Sg . ' . . EioLard t. Yatoliffe 4illias D. 8aholes . 50 . . 50 SS 35 ' .. portion of $12,75(.00; • On motion of Mr. Oruber, seeonded by 1[r. Jasss, the folloring ad.ertising espenditLaes, all of vhich sre a part of aai rithin the sVa of s+oosy authorir..Q by the Board of Directors at a neeting Le13 Seytesber 19, 1951, for an ad.er- tisins propraa Ezaing the Tsar 1952, Q.re in a11 respeote approved, ratified sad oosfirsds Zsti.ates of Iennsn & KitaLell, Inc., as follavs: - #350, Rerision 2, dated June 25, 1952, covering spot television advertising ot QID oOID Cioar.ttas over Station k'?F1{-lV, In3iampolis, Ind., July 23, 1951 thuough July 18, 1952, as therein set out, at a re.ised cost for the year 1952 {417, dated June 26,1952, covering prodnction oosts of tele.iiin advertising of zffiASST Cigsrettss (Origimi Aaatsur Boar hitchhike), lk+7 13 tLrousIt 6ey0eaber 16, 1952, at a total cost of $1,035.00; I !
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.. _ .. __..~ _ ~.~ ._ _ _. ..._ ~ . - 112 Shsra wris present Msasrs.s R. M. Os.ag.r ~ july 9, 1952 . A ragnlar nasting of ths Lwautis Coa:ittss of P. Lorillard Ccspsay rass bald todsPP at the offios of the Coapsn7s 119 Wsst 40tb Strs.t, Ssr Tork City. Y. J. SalL7 l. Hopr.ell _ I. H. A.ak L. Ornber A. Jatrs A. l. Ko'ssos•r, Assistant Ssor+tary In tLa sbssaos of Mr. bent, Chairasa of the Board, Mr. 'aaagsr, President, yrasid6d assd the Assistant fisoretsrf aoted as Ssor.tarJ of the sis.tina. Cts.notion dd7 smd. apd seoond.ed, tLs reading of the uiauutss of the prs_ •ions as.tina vas dispensd vith. Qn'ssotion of kr. Hopsvsll, seoondad bP Mr. Juss, it ras umaiaouslj BaSCLYID: 'lhat the eaplo,tnrat of Mr. J. O. Rilef as Svyer.isor, during the buying season aa the flns=eQred darkats, for a psriod of four matbs begis:aiag July 21, 195L', at a saln.r7 at the rats of a900 per math, be aad tbe saas hn+bP is in all respsots ayprvaed, ratified aadS oossfismd. On motioa of Mr. Hoprvell, aQOOaded by Mr. Jasss, it vas uaanisously R=80LYIDs S4nt the following ezsplofnsnts be and the sars hasabT are In all resyscts ayprorsd, ratified aad ooafirasd: At the rats ofs Zftsotis: k .Haw Zork.Offios ~siaod Btasston :3S Psr wwek Tn/S2 Dolqr.s @raoo . Oo . 7/2/52 . Marf tlaTtltad 8o ~ 0 01d Gold Bzaaob ' falrsa ri. ?bo3rlsan • 38 " 0 Asma L. stalloas 43 ' 0 7/8/52 Ou ssotion od Mr. H.11eT, s.oondsd bf Mr. Jsa.s, it vaA / within sstabliiLed zats ranRss, be asd the saas hereby at+ in a11 z+spsots approved, ratilisd and oontirmads tmaniaonsly RL9CIASD: 15at the folloving issoreasas in salary of Division t7aaaRsrs, Assistant Division J-0ans®ar, Sal.esara, and C1.rks, asah K2soti.a July 7, 1952, dUa to proeatios or being incident to the tsres of salary e.graansnts or to •stab- liab.d aalarr tsta sAhednles ootering vork assigs.ents aod in oparation of an asULblisbad plan of sslarf inorsaMs based vpon rwrit and/or length of ssr.ios , Tt+ost the rate of: To tLe rab ofs ~ Zdvin A. Hlablaaa LDai s (Iordon Osores R. Daa1s Allrad H. Oostafson ltioha.rd M. MoPharsoa Gsor®s Snbyartst $105 per vsak $115 per ww.k . . .a .  80 60 • • .rp . . 6 . . ~ . . 6S . . To . . . . 63 . . 70 - i . LII
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I , . 4 i ~.• .............. . . . . . . . ... . . . ~ ....................:....... ~~~~ss$a sssssa s~$ A ~P R RR:~ ~. . . .,.,......... . ... . . .•. . . . . . .. . . . . K. . . .'. •. ... . . . . . . . . . . . ... . . . . . . . rR R R RRPN . ~~j.` . ~ _ ; n4'; Ik 043,74396 ~ ~~s~ - - r ° ~~ a Q~ ~
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R ( Y . ~ ~ i r ., a .~• . • .......•..... . . .,; : : : ; : : ~ ~• ................ ~ RRRRR~RRRRRRRRRRR.~ . ~ 0 $ : $ ~7 a «: i ~ to cl a W o 1ASM ~ RUAN ~r4 8 ~ ~ ~ .8 ' Mp ` I v r- i :a . ~ a/ I .... . .. I 1 • . 043'7439'7 ,r.
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111 Dndgst rhsn adopt.d. Sstiastss of Lsnasn & ititahsll, Zao., aa follo.es #369, Supplsasnt B, datsd Jnns 17, 1952, oo.aring ad..rtisiag ct OID OdfD CiipLrettAS in 1SO'tEfiblT 1952 isstla of t1ade papOrs as tberein Mt out, at a oo.t of #1,581.13; A13, dat.d J1ms 2, 1952, oo.erl.na radio sd.frtiling of oID OOID Ciaarstbs (Stop the Mnsio) orsr ABC lhtvork, as tbrYsib sst out, at a cost of ",296.50T #h10, datsd )taT 19, 1952, covering tsl..ision advertising of OID OOID Ciga:+ttss (fhanoe of a Lifetias) o..r ABC Bstvork, as thar.in sst out, for 52 r..ka bs- 6i-us6 Ma7 $, 1952, at a cost of $1,529,555:25, of vhiah $984,231.50 ia to ba aher®sd to the 195W advertising budget and 4St5,323.75 to the 1953 advertisins nS -Ssos+tary ]aid bsfor* the msting the foll.ovinas /lB+a.ant vith Esso Standard Oil Co=puW dat.d J®s 18, 1952, for raQnirssata of lubricating oils and grsaess for nse at tbs'Jerssy City, a. J., Richaond, Ya., and DaaTills, Ya. plants of the Carpaq, for om year frosilYy 16, 1952, naSar tarr and conditions fu1V srt forth t3erain, rh;oh • - - oa aation of Mr. Grubrr, seoondsd by Mr. Peak, it raa ananiaonalf Si6CLPZD: ?hat this Cwwani Contribnbs to Tbs L®L1 AL1 Sooist7, for 1952, the sm of $150.00. On motion duly sisde and ssoonded, the ss.tins adjoctrn.d. U I i I w
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W.W . ' .. _ • _ . - . ~- . . - .. . '< ~ ~ 108 prosissorY nots aviGenaing said debt, bearing Cats oi July 2, 1952, s.ai payable at said bank ninety (90) days fras said date, with interest at the rate of 3% per anMA frof sai,3 dntw, bs and tbs swas herebf is in all r+speots approsd, l+tiftsa and ooafir.ed. - Oa totion of Mr. drimer, seoondsd bT ltr. Jasss, it vas amnimous7J 't ffi&CLYm: That s11 abeoks d:a.n again.t any of this funds of ths Caswatp 0o deposit with Aasrican Trust Coapaqf, Ban Prancisoo, California, sLnll b.ar the signatiass of s.EW two of the following: R. H. Schaitt ~ Wau.l 2.llen I. D. Colsstoak or aaT oos of the foregoing in oonfimotio'n with either ons of the following: IrlSslitr Bi2f.r ; . Zoraaa B. Yriisht HE80LFIDs mat all obecks d.ravn appinst asp of the ftmds of the Co•.sya:p on deposit vith Citizens Tidelit7 Esnk s•ad Trust ConpaaT, Louisville, Eentucky, to the credit of the Regular Acoocmt of the Louisrille 8rnaoh of the CoaWaqT, sLall bear the sicmatm+s of any two cif the following: H. D. Bse1s7 T. S. Hlcmk J. J. Earpring s. H. vanos A. J. Chsek 'lbis i+solction supersedes s1l Sr+rioas resolutions in t+gLrd to the signings of snch oh.oks. MOLYID: That all nheoks drevn against aay of the f:mds of tb. Cospar.pr an deposit with Citisens lidelitT Bank aad Tsvst Company, Louisville, Hentuolp., to the or.dit of the Payroll Aooommt'of ths Louisrill. Braach of the GomWany, shall bsar the signatta+s of.aaW om of the folloving: . E. D. Be.leT V. s. Blunk D. E. Qawe A.J.Ch..k .. proviEed that no check so dravn is to be honored by satd Bank unless pr.ssnt.d nithin thirty days from date issued. This resolution suysrsedss all pe•s.io•os =+solntions in regard to tbs signing of such checks. EffidLFID: 'lbat all oheoks dravn against any of the ftmds of ths Ca.paeW on deposit vith Citizens li3elitT Bank sni Trust Co=penn IonistilU, [Lentncl4i to the oredit of the 6arings Bond Acoount of the Louisville ffi•aaoh of the Oosipaay, shall bear the sigmt.a+s of anW two ad the follos•ing: I r H 0
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, i w
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106 Vh20.a psynbla In equs.l .onthl, inatallneats in sdsaas, onder terms and oonlii- ti,ons tberein sst out, vhicL - - On sation of lSr. Hape.ell, seaoaLsd by 1lr. Jaaes, vas in all rsspeota ayprosd, ratifisd sad oonfi2ssd. - ~ - on motion duly aaee aad seooaasd, tLs ..eting ad3ourved. . - • Lssistaat 6eoretar~ 1-1
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....~.,:~,.:-- ._ ...... . a,a, 2, 1952 107 A regular meting of ths. E`seogti.. Cossittse of P. Lori7lard Coajsmy wa bald today at the oflios of the Ccs,•patV, 119 Yest kOth Street., ltea Iork Ciy. Share vwi+ present Msssrs.: H. A. Kent F. H. Psak L. ~itber A. Jaas s ' - Todd Yool. I(r. Lsnt, CLairisn of tbs Board, presided and the Seoretart aotsd aa Seoretarr of tLs aseting. On swtiao duly seee aai seoonded, the reeding of the aim,tMS of tbs pe+- vioas nseting ras dispensed vith. . On .otion of Ilr. P.ak, sscondsd by Mr. Jaaiss j it sas tmaaiaowl7 RISCEM: That tbs action ef the Ensontis Vice P:esiQant, and the Treasmer of this CaQmMY,. in ransvin8 on Juns 30, 1952, oa bsLalf of this • CaNYaw, the loan seds Tldroh 31, 1952, froa Tbs Saao.er Hank, 70 Broads7,. 1e* York, Hsr Iork, in the sm of Cos Million Dollars ($1,000,000), and in executing and delivering in the mas of this CcsspaM7 its presaissary nots s.ldaainA said debt, bearing dater of Jtms 30, 1952, and Psyable at said baak ninsty-one (91) dsTs froa said date, vith inberest at the iaa of 3% psr atmtia from said date, be and the saae hereby is in au,resysots appro.ed, ratifisd and oonfia..d. ' i said date, be and the saas hereby is in all respects ayqro.ed, ratitied.and OoIIfils»d. ~ ~ . On .otion of Mr. lyak, asoanded by Mr. Jsass, it .as ®safaausly ..~ , , , pq n c. s - slinsfa• (90) days SYoa said date, sith int.rest at tbs rate of 3% per aania ilos, ~, and in executing and delivering in the mss of this Coamany its proaissory not.e ~ ridenoing said d.bt bearing date of Jtr3- 1 1912 and -abls at aid ba ] on arstion of 1[r. Peak, s.conrlsd by Hr. Jesties, it ras umaalaoasit: 17SMYM: 2bat the action of the lxsoati.e .ioe President, and tbs Treas:asr of this OosranT, in rswving on- Jax 1, 1952, on bsLnlf d thia Ooapany, tfis loan aeds April 2, 1952, tYasr Tbs Hanufaotta.rs ircst Cospa:p, ys Broed Stsyot, Ae* York, aea York, in the ssm of Ow M1liion Dollars ($1,000,000, 1liSOLYID: 'mat the action af tbs Zssonti.e Tice President, aad tts SSreassa+r of this Cospany, in rsns.ing on July 1, 1952, on behalf of this CogpsaW tbs ]aaa srEs April 2, 1952, fro.'ms Ae~r York Trust CcsrrqT, 1Cp hroad- .v, Hw York, Bev York, in the sms of Oar ?tillion Dollars ($1,00O,00p), aefd In sssantina and delivering in the ans, of tIIis Caspany its prosissorj nvb oriAsooing said debt, bearing date of July 1, 1952, aa4 payable at .aid bspk ~ sinsiy (90) days from said date, vith intbrsst at the rate of 3% psr aom~a from said date, be and the sass hereby is in all respects aypro.ed, ratified ~ aad ooaf irasd. On aotion of kt. Peak, ' asoood+ad by Mr. Jars, it ras tmsaiao+:sly .. 0 EffiOLVED: .'mnt ths action of the tseovtire .Tioe Piesidrnt, and the j~ Treassa•er of this Cospa:p, in rsnrring on 4uly 2, 1952, on bebalf of this CompLR1, the looa sLu April 3, 1952, t7roa The Zational City Bank of !w York, k1st Street aarl Broadvay, Ter York, Se.r Tork, in the sw of Ons Millioa Dollars (#1,000,000), sari in eseantiag aadd delivering in the n'ae ot this Oosyuyl its ~~
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, i i -----.-•~- ~,~..~ :~.~._..~.,~.... .~.., -. ~ _ . . - a ~. . _ -~. - - ... ~ .v._. - . . . ~ ~ . . . ~. _ _ .. _ .:~. a~ r..._...._.... ~_.._ .-. _._.... ._ . , ......,.~._...,,...~..~,.--- ._......... ~ ,_ , : 'mete ves+ present ltessrs.: H. A. Sent II. J. Halley 7. Hopevell L. Gruber Jws 25, 1952. of P. Lorillnrd Cospaq7 vas 4Oth Street; 1Fev Iork " A. James - - A. !. Yoessner, Assistant SeoretarT I apeting vas dispensed vith. 8n sivtion of )tr. Hope"ll, seconded by !!r. Qraber, it ras toenlaously I , , . . ~ - HP50L4Ha2 Tbat the follo+fng e=plolmenta be and t3e sas Lereb7 ere in ,4 104 l regnisr mseting of the moeouti.e Consaittee bild today at the office of the Compacp, 119 West 1[r. Kent, Chairmem of the Board, presided and the Assistant 8ecrstary aoted as Secretary of the aseting." Qn sotian duly maa and, ssooaded, the reading of the sainutes of the yre.ious sesysots approsd, ratified and oonfirsted. Oa rotlon of Ibr. Hope.ell, ssoonded bJ )[r. Qruber, it vas aasniaouslj _" IMEDIAM: mat the action of the Ebecntive iioe President, and th: 'Zhr+aamer of this CoapnnT; in renering on Juns 23, 1952, on behalf of this Coayan:, the loan sads Maroh 24, 1952, froa The Citizens 7idelit7 Bank & ?rust Codpew, Innis.ille, SAntvely, in the sns of lire Hundred Thousand Dollars ($500,000), and in executing and delivering in the nss» of this Ctiompany its proaissorT note evidencing said debt, bearing dats of Jsms 23, 1952, and pevablL at said bank nSnet7-oas (91) dafs froa said dats, vith interest at tLe rate of 3% per annaa fro+ said date, be and the wss hereby is in s.1.1 '' IMSCIUD: Sbat the action of tbs Hnsoati.e Vice President, and ths '$'easmer of this ConpaaT, in rensving on June 23, 1952, on beffilf of this Company, the loan ssde 1ls.mh 24, 1952, froa Ths Btdte Planters Bank & Trust CampaW, Riobnond, Virginia, in the siaa of li.e Sundied Tbouaand Dollars (;500,000), and in executing and delivering in the naas of this CoapanJ its yroaissory note e.Ldsnoing said debt, bearing date of June 23, 1952, and ' payabl,e at said b[mk ninst7-ons (91) daTs-frca said date, vith interest at the rate of 3% per annussfloa eaid date, be and the sess hereby is in s11 respeots ayprovsd, ratified aad ooafirsAd. Oo notion of Mr. Ordber, s.oonrLd by Mr. Hopewll, it .as :maniaousl7 IClSOLaID: Rbat the espl,oLant of Tavr.aoe J. Clark, Jr., as Salesssn at d a salnry at the rate of $50 psr veek, effeoti.e June 23, 1952, vith the authori- . sation of the 8alss Deparbant and ths approval of Y. J. Bailey, Exsouti.e Yios O Yr+sident, abd 7. goparell, Vice President,,be and the ssas hereby is in all ~ respects ayyrosd; ratified and oonfirmod. • _. . . . .. (~ . seaooded bT 1lr. Yopavell it•.as smaniaoasly ~ On motion of 1r druber all respects approved, ratified and oonSirmed: . - - Zer Tork'Offioe Yilliaa Id. Alston CbarLs s Tim, Jr. Joan Hoppsnfeld At the rate of: Zffeotiws ;12,000 psr annum , 7A/52 ~ per vesk 6/23/52 ,. . 0 W 6 u
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At the tate'_of: Zi?eotirs: Old Gold Bianoh -. Rs7monri V. Stine $48 per veek 6/24/52 On aotion of Mr. Ha11eT, ssooarisd by !4'. Hopeesll, It vaa amaiaously RSSOL4HD: T'Gat the folloving inoreases"in 20,l2r7 at the Uev York Offioe, dne to pra®otion or by reason of additionel responsibilitiss and being i.mi- vidual merit inateases in operation of an establiahsd plan of salary increases based upon osrit and/or length of serrioe vithin establiahsd salary tate ramges, be and the sana herebf are in all respeots approved, ratified and oonfirmd2 _ - .. . . : • • . Vhitlook Bramh Zmaita K. Ssdth 38 6/16/52 Jars Z. Dsnnett From the rate of: =13,750 per ann- To the rate of: W,000 per annum ZMotirs: T/1/52 Joseph aspositQ 43 per vsek 52 per .+sek 6/30/52 On atotion oT Mr. Hopevell, seoonded by Mr. brUbGr, the following adrsr- tising erpenditWes, all of vhich sr• a part•of and vithin the sM of s0ns7 ratified aad ooafirssd. for an advertising prograa daring the year 1952, r'-r in all respsots approred, authorized by the Board of Direotors at a s»eting bs]d 8epteabsr 19, 1951, ' $3,095.82,' lstimts #415 of I,ennen & ltitohell, Inc., dated Jtme 5, 1952, covering tele- vision advertising of }URILL Cipars (Father's Daf Tag hitcbhilos, various progreas), Jums 1952, at a total cost of $1,062.32; SstLstite f96 of Gefer, Wevell & oaager, Inc., dated May 21, 1952, ooseriaB telsrision advertising of )QBM Cigars (Tather's Day Tag hitohhiks, She Wb), J:ms 1 and 8, 1952, in the snna of $456.88; 2stLstes of Eatioml Ezport Advertising Service, Ino., as foliws: Dated May 26, 1952, covering adrertising of CED o0ID Cigarettes in It:rorpean =dition, N. T. Heral.d-Tribune, Jume 12 to Deoember 11, 1952, at a cost of . • , Dated MAY 29, 1952, covering billboard advertising of DBkSSZ Cigmrettes in Italy, as theisin set oat, Jtma 15 througt Deaeaber 31, 1952, at a total oost of =1,107.87; n Dated June 12, 1952, covering billboara advertising of EMBABST Cigsrettes in Italy, as therein not out, Aagast 1 t?uongh December 31, 1952, at a total oost of tW1'65' - - Datsd May 29,- 1952, oorering billboard adtertieing of DOIASST Ciiptettss -in Italj, as therein sst out, JanmrT 1 throagh June A, 1953, at a cost of 0 ;913.06, to be ebarged to the 1953 advertising budgst when adopted; Dated Jtms 12; 1952, aovsring billboard advertising of DBIISST Cigarettss in Italy, as tbstein set out, Jaanarf ttron45h July, 1953, at a cost of =1,207.42, to be charged to the 1953 advertising budget vhsn adopted. The SeartarT laia before the mseting the follroving: Lsase dated May 19, 1952, from _yceum BaUdin8 CorPoration of Rooe, 310 7yoeta 314g., Dnlnth, I[ina., for one year from July 1, 1952, at an annual rental of `- .
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l 102 . ,.: _. ~ . - .~ :. -. . . . ... _. _ - .. _ _ ., , . ...,..y„y_.... _.....;:.a:: _... . . . ~..,_.~..-.-,. . -- ._~.._,. ;'. -- ......... ...._.~ .._... Caepany, tbs loan sad. Naroh 19,"1952, frootTLe Publio Rational Bsnk and Z!-ost C*zpuw , 37 Broad street, 3ev Tork, IIev Tork, in the na of • A,s /tillion Dollars 01,000,0W), and in ezeonting and dalitering in the oass of this Co~pa~ ita prosLtssorT note evidanoing said debt, bearing date of Jtims 17, 1952, and pey- able it said bank ninety (90) days frca said.dats, vith interest at the rate of 3$ p.r aanum froa said date, be and the saas,hsi.bf is in all respects approwd, ratified sad oonfirmd. Cn aotion of Mr. Peak, seoond.ed by lhr. Blaoknall, it vaa nnaniaaasly 8ffiOL11IDt 'Rbat the folloving eaployments of salessi.n and Ya=ehonss Pfrok.rs, vith the authorization of the sa.Les-Dept. and the appro.al of tvo of the follov- ing:'Y. J. Halley~, Emontivs Yioe P=esid.ent, aed ?. Hopevell and.I. Y. Peak and L. Qr:tber, Yioe Presidents, be an3 ths sar hereby are in all respects approved, ratified sad oonfirmsd: - John P. rans, Jr. Donald D. 8n:livaa ltobert s . tispas 7wvis D. Ttisdman Iyaaad Doles Qn aotion of !r. Peak, At the rate ofs• $36 per veek . . . 50 ... . 36 ssoonded by W. Blankmll, it vaa nm•niaoas]y '8M80'LVms That the folloving emplayments be aL1 respects appro.ed, ratified and oonf irasd: Irew York Offioe Jalins Soleszar . Joan I[oxahon 9illa Yitkin : - ~ Old Oold Branoh , Sliubeth J. TesbeY _ boais.ille Eranoh -7fargL D. bmas On sotion of Mr. Ha11eT, and the sasis hsrebP are in At ,fbs rate of: $43 per sek .  45 . k2 ~  r seconded by xr. E1ao1ms11, fffsotiw: 6/u/32 1~/~ 6/uJ52 6/9/52 it vas ananiaonsly EisCUTRD: That the follavipg increases in salary of salesasn, each effeo- tiw Jums 16, 1952, dw to promotion or being inoid.nt to the tsr>ts of salarP agesaenta or to establiahed salary rate schedules ov.ering vork assigmsgts and in operation oef'an established plan of salary inoreases based upon msrit affi/or lsngth af servios vithin established rate ranges, be aad the seas herebt are in all respsota ajqroved, ratified and ooofises+dt ~.. 7raa the rate of: To the rab ofs Josaph T. Oaoa- $70 per v+ek $75 psr wek Zdear P. Bafner, 355 ' • 6O Ot: sotion of }!r. HalleT, seoonded br llr. H]aoknall, it vas tmaaiaoosly IWBWID t?hat the inoreese in salary of CharL s?. Tapp.rt, enlop.d at the Louisville Branch, flwa the rate of $" per veek, to the rate of $67 per Q ~ «Q CA iI u .~
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_. ,~,...;~.+..:..~..... ..,_ . I i -103 ssek, efisotive June 16, 1952, by reason of additiotial responsibilities and Being an individaal eerit inaiease in operation of an establishsd plan of salary iaareasse based upon aerit and/or length of ser.ioe rithin establiihsd sa]ar~ rate =anges, be and tls saae ber.b7 is In all respsots approved, ratified and oontirmsd. . On srition of tlr. gaiUr, seoonded by.l{r. Peak, ths folloving adnrtisins ezpenditur-ss, all of aiioh -rs a part of Ond,vitbin ths n~ of s~onsy auttrorised by the Board of D'rootor: at a meeting he1d September 19, 1951, for an ad..r' tising progrsa daQ•:-ng'?s.e rar 1952, rere in.all respects approved, ratified and oo~ir'adi Zatiae.tss of Lennsn & l'ltobs:l, Im., as follovs: #392, 8upplessnt B, dated Jmis k, 1952, oo.ering teL.ision adwrti.ina.of OID O0TD Cigar+ttes (Qusen for a Daf prograa),"o.er Station MJrlY, Los AngeLs, dllf•, Jni,j 7 through October 3, 1952, as tLsrein s.t out, at a total cost of $36,920.1 #395, 8applement A, dated Jims 3, 19Yr, oorsring oo.ts for-radio ad..rtising of lMIg. Cigars (Otiginal A.atsur Bour hitahhiks), )!aJ 22 taroagh August 14, 1952, in the ssss of $271.67; #40'1, Svpp]assnt A, dated Juno 5, 1952, oorering teLtision adrertisins of IMtM Cigar+ (hitcLhiks costs, vaaious prograss), as tharein set out, Ajril 1 tlnvugh Juna 30, 1952, at a tntal cost of $1,740.99; fiO1, 8upp2smsnt B, dated Jt:ns.S, 1952, covering td1SvL ion ad.ertising of ' I~IaL Cigars (hitcbhibs oosts, .ariouw prog:aa.), July 1 throu~ Septeeber 30 I, . 1952, at a total oo.t of #902.53; ~ fk1k, dated Jime 9, 1952, covria8 radio advertising of HBTEL Cigars (Stop ths ~. Ifosio hitobhibs), rie,7 25 tLrouBh.Augvat 3, 1952, at a total cost af $232.86; #393, baFplemont•A, dated Jsms 3, 19T, covering costs for radio ad.ertising of BEADLI2g Cigars (Origiml Asatata Hour hit^h*+April 3 through N.7 8, 1952, iIn ths sma of $194.05; - ,#39ti, Supplement A, dated Juns 3, 1952, covering oosts for radio ad..rtisins- oS BSIOGB Pipe f(iztar+ (Criginal Asnteur Hour hitohhibs), April 17, 1952, as . -tbsrein set out, In the sM of $38.81. _ - :bpb Seor.tart laid before the mssti:g tbe.folloring: Lsaae dated J1ms 2, 1952 11"as Reotor Building )4aaagssAnt of Booa 212, plus O ~storage speoe In baaeaent, Rector Bldg., Little Bock, Ark., for ons year 2Yw July.1, 1952,,at an annual rental o! $660., payable In eQual:eonthl,jr 06M W _i...+a]~wnta In ad.anos, under tsras and oonditioni thsrsin set out, which _ . - 'aoeRSS~'dv~~ -, r-- ~ [I On sotion duly ssda anfl seoonded, the eseting adjourned. . . - .. - ..~ On aotion of Nr. O~nber~ seconded bT ltr. Blaokaall, ras ip a11 respsots 'A approved, ratified and confirmed. O On .otion of Mr. Iopewll, sepouded by Mr. Qraber, it,rae nnani.ously ~ ~.EBi30IA]m: that this Cca.puyT contribute to Polioe Athletio Ltagus, Ino., for 1952, the ma of s500.o0. . •~ . . - , 1 --1
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Y.J.Halls7 7. Hopevell I. H. Peak , . ~ .. .. . ~ lbs. vare psesent IWisrs.s R. K. Oanger ''l re6uL.r reting of the lYeoutiw Cosaittee hald today at tba offioe of the Cos+paep, 119 Yest J. J. Bleokaall L. Gruber A. Jaass . 19-~P 101 a=, la . , of P. Iaril]ard Ccapan7 vaa kOtb Street, Ser York City. ) Todd xool In the absence aC the Cbairmn of the Board, Mr. Gangir, President,.yse-, sided aa4 the SeoretarT aoted as BecretarJ of the sasetisg. .. On aotion duly .ads and seoond.ed, the reading of the ssiss+ztes of the pretious metiaa vae dispensed vith. On notion of Hr. Superell, Moonded by Mr. Peak, it *as aaanimuslj 100 BroadvaJ, Aar York, IIev York, in ths sua of One H1]lion Dollars ($1,000,000), ~and in eprouting and delirering in the nisms of this Coapany its prmisaorT nota Avidanoing said debt, bearing date of Jua -17, 1952, aid P4T&ble at said bank niast7 (90) days from said date, vith interest at the rate of- 3% par anasai from said date, be aad the saas basab7 is in s11 respects approved, rattfisd and oonfirsrd. . . • '1't+as~aer of this Cospany, in res»ving on Juns 17, 1y2, an behalf of thia Oosopany, the loan sads Mnrch 19, 19~2, from '!he IIev York irust CasapasLT, On siotion of Hr. Hopevell, seconded by 1lr. Peak, it ras tmanLcasly . " EffiQLQBD: That the aotion of the hsontin Vice Presi,dent, and the yroeissoiT note evidencing said debt, bearing date of June 12, 1952, and pay- abls at said bank ninety (90) days from said date,-.ith interest at the rate of 3% pr annan from said dats, be and the saar bsreby is in all respsots ayproted, ratified and oonfirasd. 1ev York, 140 Hroadvsy, Sev York, Nev York, in the sua of One Hillion Dollars (;1,000,000), sad in executing and deli.eringin ths naas of this CosywnJ its ' 1Ci80LPIDs That the aotion of ths Lzsoutiw Yioe Psesident, and the Z"assner of this Caapss7, in renaving on Jsms 12, 1952, on bahalf of this CoffpaAY, the loan =ads 1larob 14, 1952, fron 22s Ouarant,7 Trust Cos<pasyP of On notion of Mr. Hopev.ll, s.oonded b; kr. Peak, it vas uaaniaonsl7 and ooafirrd. . •'.E78MRIDs That tbs aotion of tLa ESosoutis Yios President, and the Sr.asurer of this CoapanT~ in rsneving on Juns 17, 1952, on bsLalr of this' Oowas4, the loan mads lhroh 19, 1952, from 7hs Rev York Trust Cos~, 100 Broadva7i Bev York, Nov York, in the s%a of Ons M111ion Dollars ($1,000,p00), aad in executing and delivering in the naas of this CoapaqP its proaiLsor7 nota rrldsnoing said dsbt, bearing dats of June 17, 1952, and ps,fabl,e at said bank -. siasY,f (90) days fro: said date, ath interest at the rate of 3~ per anaaa from sald-date, be aad the ssas hereby is In all respeots approwd, ratirisd O On .otlon of Mr. Hopewll, seoondsd by Mr. Peak, it ras naaaiaonsly _. Rffi017PLD: That the aotion of the lneontiw Vioe*Piestdent, fiad the treasurer of this Coanasq, in reneving on June 17, 1952, on behalf of this
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!V!fl ~' 4 s cba' .a~.N ~ a 4 W!r r` r. Kr~ o °•1 ~ ~. ~ ~ ~ ~.~ ~G~ ~ 9 E, 5i?rA ~ a7 G ~ i ~K a Fr .q ~ ~. aa § ,gc ......... e V ~ ~ ~~ ~• avi~~ I ~~" ~• " ~r~~ ~ ev ~"~ ~ K V11' N ~ ~ ;X ~. . ,: ~, .:. :~ . • sov ~rALVo ~ : = ;~'. ' ~,.. I
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I -^.!'xy.t._ _..5- 1.. ~..v'.Y_ . hms l, 1952 . ..a { _ . . . . ~ 1 . . . ~ i i` •'` . A regnlar eseting of the Exeouti.e Com.ittee of P. Lorillard Compan7 was held today at the offics of the Coscpan7, 119 Yest hOth Street, IIev Zork 'Iberre wre present Hesars.: S. A. Esnt E. H. Ganger V. J. Salle'T 1. Hopes{e 11 I.H.Peak L. Gruber J. J. Bl.akmll A. Jeaes A. 1. Yoessasr, Jlssiataat Secretary kr. Ssnt, Ghairaa of the Board, presided and the Assistant Secretary acted as Secretary of the metiag. - Aa pttion duly sads and seoonded, the reading of t.hs minubss of the previous eneting vas dispensed with. I On aotioa of lr. &rpevsll, sscond,ed by ffr. Oruber, it was uaanimousl,f l=Im: That the action of the Srscutivs Vice President and the Treasurer of this Cospany, In renewing on June 2, 1952, on behalf of this Compenf, the loan ende March k, 1952, fro= The Bankers Trust Compat~y, 16 Vall Street, Diev 7ork, fev 7ork, in the sua of Oas !4i]lioa Dollars (=1,0OO,Q00), andd in executing and delivering In the nsae of this Co.~ its prcnissorf note e.idencing aaid debt, bearing date of June 2, 1952, and papabLs at said be.ak nimty-tvo (92) days fras said date, with interest at the rate of 3% per annum from said date, be aad the sass her.b7 is In all respsots approved, ratified and confirmed. On notion of Mr. Ha3ls7i sscondsd by Mr. Ordber, it was noanisously Xcg($tTzD: 'lbat the following esrplof.ents at the Rev 7ork Offios be and tLs saas htrrebl a~ In all respects approved, ratified an3 confirmed: At the =ate of: Zffeotis: ssttf Iaa Bean $50 Per week 7/2a 92 Hosario Caraaaa tb " 6/2/52 On notion of Mr. Peak, seaonded by Hr. Gaager, it was vaaafaously 1MSCLVED: That the following increases In salary of Salssaen, eaoh effeotive J1ms 2, 1952, beiag inaident to the tesms of salary a51•eemsnts or to established qlarl rate schedules cosering work assipssnts and in operation of an established plan of salary increases based upon merit aad/or length of ser.ice within estab- 1Lbed rate raWs, be and the saae hsreb7 are In all respects approved, ratified ana oaafi,rmed: I 0
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~......~,.,o...a. ~._ '97 BRSQL'PSD: mat the folloving im:easrs in salary, effeoti.e May 26, 1952, due to proootion or by reason of aGditionsl responsibilities an3 being inA.i.i- dmi sririt increases in operation of an establis?sd plan of salerT inoieases bssed upon merit and/or length of serrioe vitbin establisbed salary rate raages, 'bs ard the same berebJ are in all reepeots approved, ratifiwd and oonfir.Ods Vhitlook Branoh Zdvard L. Fnltt ?ron tb•.rate.of: To the rats oft . 07 per !eek - $Sl per Msek Qillie S. Nelton, Jr. 47 •.- 50 • • Valter M. Ta+ald 52 .' ' 57 ' ' Zdvard 0. Van Fblt -. 64 • • 69 • • Iavis D. Abbott 48 P Dudlef B. Ledford 147 ~ ~ ~ ~ ~ Eeenrion P.-i14]lorT 57 • ' Reuben H Beane 47 - • 50 . Tlillina II. Vsll~n 62 • • . Too Favicett 52 Doris Y. Jaauqss io • • 43 • • Riclmond 7nai Dept. Alfred C. Povers . '/S • 80 • Jeses H. Hudson .60 • • 6), John H. Jackson 52 57 • • Yilliaa H. Yingfield 65 - • 70 •- • . On nation of Nr. Ganger, seoonded by Mr. Bopsvell, the folloving adrer- tising ezpenditaa•e, which is a part of s.ad within the sm of donef autborized by the Board of Directors at a neeti.ag beLd Saptenber 19, 1951, for sn adter-- tising progrea during the -ear 1952, vwas In s.ll respecta approved, ratified aad oonfirasd: Zstimte ¢hll, of Lennea a![itcbell, faa., 'dated }iw 19, 1952, ooreriog ad.er- tising of CID COID CiFprettes (sponsorship of "Tbs Citizen's Viev" television prograa) over the ABC Teleriaion lfetvork, Ne,I 1, 1952, at.a total ooet of $30,143.71. - On aotion of Ys. Ganger, secotsted by Mr. Qruber, it was nnanisousl,j 1C680L9HD: mat this Coupany contribute to U. S. - ol.imj+io Comnittee the sas of $100.00. ~ . . ~ .~ . On .ation of Mr. H~a11eI, seoonded by llr. Glanger, iC was vnanimously - NE50LVSD: i?aat this CoapanJ oontrIIute to The Oreater Hev York itmd Q tLe sw of a2goo.oo. . - ~ On aotion of Mr. Ganger, seoo" by ?!r. Hopevell, it vas uAaaimously W RBSCLPID: Sbat this Co.peay contribate bo IIev York D50 Defense Z1md ~ tLs- sm of 41000.00. ,..1 ' On siotion duly xnds and ssoonrled, the sesting adkurnAd. ~
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•ffeati.e !'aT 26, 1952, bsing incident to the tesns of salary agreesenta or to astabliahed salary rate sohedules oo.ering vork assignments and in operation of an eatabliehed plan of salary inoreaees based upon merit and/or length of servioe vithin established rate re.n6es, be and the saw herebT are in all respeots appro.ed, ratified and ooafirmed: 7roa the rate of: To the rate of: 7rami, A. Heinriehs $50 per veek $55 per veek Jaok l. rarteoki , 50 • on aotioa of ltir. Ha1lsl, seoonled by Yr. Hope.ell, it vas unaniaously ]t1SOLYED: Shat the Increase in salarJ of Diane Hirscb, at the Ilev Tork Offioe, from the rate of $42 per veek, to the rate of #bS per veek, effeotis " 1(af 26, 1952, dne to prcontion, be and the snae hereby is in sll retrpects. appro.ed, ratified and oonfirmed. r- On siotion of Mr. Gemger, saoonded by Mr. Hopmll, the folloving ad.ertising •zpenditures, all of vhich n~rg rE4~_ ~~~` c~trhiut~dmooar authorized ~ the Board of Direotore~ a4f'edve~t at"ng grem d ng year 1952 vere in all respects approved, ratified and oonfireed: Zstimtes of 7snaan & Hitchell, Inc., as follovs: _ #08, dated Ma7 9, 1952, covering spot radio adsrtis ing of OTD OOID Cigarettes aad sponsorship of '1310 Club," o~rer Station SIIHA, 1(e.dison, 1~is., June 2, 1952 tla~ough Ma,I 29, 1953, at s total cost of #8,03b.e, of vhich $4,727.70 is to be 94 - At the rate of: Zffeoti.e: = ev Yor Office k '-7nretta Paino . $40 per reek }/19/52 . banuel AoYsrmn 5/21/52 Old Qold Branch . . k • . Eosa K. Caa~iglio 2 5/19/52 Marian xoe . 48 • 5/21/52 Lentuck, leaf Dept. l(arir S. HiAgdon 39 S/11/52 Martha B. Champlin - - . 39 5/19/52 . - I,oais.tus Branch .IddiA B. Bsard 'n a a 5/19/52 Vhitlook Branch Oirleaa B. Stille A2 S/19/52 On aottion of Hr. Ba11.eT, saoozded by Mr. Hopevell, it vas unaaiaonsly 9 - -EMSMM: Tbat the following Increases in salary of 6alesman, each , eLarged to tbe 19X ad.ertising budgpt aad #3,3 .30 to the 1953 ad.erti.ing baiget vd3an adopted; #412, dated Naf 19, 1952, ootering nev,pnper ad.ertieing of OID 007D Cigarettas ~ !a Sev Iork and Brookl~n, dune 7th and 8th, 1952, at 4 ooat of #1,06b.63. r 4bs Secretary laid before the nseting the folloving:. '" HSctsnion datedil 30 1952 of lsaee froa Woode Bildi Ctif s Apr,,mnungorporaon o 8ooa 301 Yoodmen of the Yor1G. BlA.g., Omha, Heb., for a fLrther ters of oaa
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,~...,....--- .~ ..-,taltr ~,.....m...y~ . ,..~.,. - r.--~.~ ~ -_ -. . _' . . . ..-A r .. . _. ~,.~ .. ~ . .. .._ .. . .:`~~ . ., . _. . . l . . , i . . . r . . >.~9. _ , .. ~._,~_. _-..:, __t._ _._.~ _ . .".a. _~.~......-_....,,~.a...~... ... ,~, ~. ~.._...,...._..,. _....;~ .~ - -sz. -of thli CoapnqT, ani each bsing for oas yess from Apr11 1, 1952, uaaer tszs- aad oonditioas thereia eet out; each of vhioh ' On aotioa•of Hr. Jsmss,- seaooded by Nr. Oruber, Rs in a11 respeots apyroTed, ratitied and ooafl,rmsd. Cn aotloa of llr. daager, seooudsd by Mr. Jsses, it vas anaaimonslT _ EffiCL4ID: Tbst this Cosqaj oontribute to the Hatioml lire Yroteotioa Assooiation, Boston, 14sss., for the yser 1952, tbe sum of $1,y00.00.. On notion duly msde aad seoond:ed, the meting adJosarmd. ' -- veo"tU7 . t !
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'93 rq 28, 1952 L regular mseting of the Ezeoutive Ooemittee of P. TnrilLzrd Cosvany vas Dsl3 today at the offioe of the CoApanT, 119 West kOth Street, lfev York City. '~ Rbere ssre present Hessrs.: 8. A. Eent l H. 1[. Ganger Y. J. Ball+e7 T. Bopevell c On motion of Mr. Hopewell, ssoandad by Mr. Ganger, it vas aasaiaouslY RfSOLM: ftat the aotion of Todd Wool, Qic.a President, and the lreasurt of this Compesyy, in rem+ring on 16+r 27, 19!2, on behalf of this Coapany, the loan ands TebrusrT 27, 1952, froet'Ibe Cheslaal Bank aad Trust Cmpaxyr 165 Proa6m7, I%v York, Aev York, in the sm of Ons Million Dollars ($1,000,000), and in eznouting and delivering in the nasa of this ConDaq7 its proeaiesary nots avidenoing said debt, bearing date of NeV 27, 1952, nnd payable at said bank ninAtl (90) daJs from said date, vith interest at the rete of 3$ per aanum froa sai3 date, be and the sass barebT is in all respects approved, ratified and Mr. Tent, Chairsan of the Boaid, presided and tbs Assistant Seoratsnr acted as Secretary of the meting. . On motion duly mdA e.al seoondad, tLe reading of the ninutes of the prs.ious meting vae dlspeneed vitt:. I aonfirsed. On notion of Mr. Hopeesll, seoonded by Mr. Oaager, it vaa m.ai.oualy ffi6fLRYD: ibat the action of the Ebsouti.e Vioe President, and the Treasurer of this Coapan,7, in reneving on May 28, 1952, on behalf of this Compnnf, the loan ande lebruar7 28, 1952, froa Tfle IIatione.l City Bank of 11ev York, klat Street and BroadvaT, Re.r York, Ha. York, in the sm of One liillion Dollars ($1,000,000), and in ensouting and delivering in the onss of this Ooa,many its proraissorT note eridenoiag said debt, bearing date of May 28, 1952, and payable at said baak ninety (90) days froo said date, vith interest at the rate of 3~ per annua froa said date, be and the saas Lsr+bT is in all respects approved, ratified and oonfirsed. .. • • . / On motion of Mr. Qengcr, esoooded by Mr. B1ROkns.11, it vaa maniaousl,f ABSCT.YED: That the folloving es@loJaeots of Salesmen, vith the authorisa- tion of the Sales Dept. e.nd the approval of the Pseouti.e Viae President and T. Hoperell, Vice President, be and tba same hereby Rre in a11 ratpeots approved, ratified and confirmad: 1hooaa Held lYaak Y. Wilson, Jr. J. J. Blaokmll " aA jaan s w. T. Yoesner, Assistant SearetstT At the rate of: $50 per oeek 50 . . 1 Zffeotiw: S/;6/S2 •Cb On motion of Mr. Cemger, seoonded by lbr. Blaoknall, it vas lmanieouslf RLSULVSD: ibnt the following eepln7eients be and the sams hereby are in all respeots npprovsd, ratified and oonfirmed: •• c a.)
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.•: -.,,._..~~.......«._ - _..... •... .,. _ ..~...d..~...... .~- ---- __..0,.1 ,. ..... s ~. ...~..__ A rsgnlar mseting of the Ezeouti.e Cosaittee beld today at the offioe of the Company, 119 West There vsre present Nessrs.: H, A. Snnt R. 1[. (isn8er `Y. J. Halley 7. Hopevell LH.Fbax J. J. Blaokmll L. Oruber A. James Todd Wool ' ~ 90 ~ . . ~.-...:; jor. 3ent, Cbairman od the Board, presided and the Secretary acted as Ewt+ta" of the smeting. On notion duly seAs and seconded, the reading of the ninutes qrevioua meting vas dispensed vith. on notion of Mr. t)anger, seconded by Mr. Jeass, it vaa umnlmoualY RESCLQSD: That the Ptesid.ent,"Zssoutire Vice President, any Vice President, Secretary, Treasurer, Assistant Secretary and Assistant Treasurer of this Company be and they each hereby are authorized to sign, e-nsoute and deliver on behalf of this CoeqiaqT any sad all bonds, inventories, monthly returns, or other Internal• Re.enue forns of rrsrT kind and description, to the proper authorities of the United States (Iorernment and/or any departsent, bureau or agencP thereof, in- elading the Alcohol & Tobacco Tax Division of the Internal Reaenue Service of the United States Treasury Depart.snt, vith respect to the operation of this Cospatp as a dnaler in leaf tobacoo and the namifaotiae of tobacco produots by this Coapa=pr, in each and every of its breanhes, factories, leaf departmsnts and places of business vheresoe.er looated. .- • TQH'7Rb$ RE3OLVEDi 'lbat any ons of the above sntionsd off ioers be and they hereby are authorized to do any and all things on bebalf of this Compaqf taat say be nsoesorf or advisable in oonneotion vith the signing, executing a.nd dsli.er,f on bebalf of this Company of any and alL boads, inventories, montblj =eturns or other Internal He.enue forms in order that this Cospanw my fu117 oosrplT vitL the applicable lavs aad the regulations issued tLereuaderd on sotion of R&. Haperell, seconded by Mr. peak, it vas ananiaoaslT =pL7ID: Thnt the following eaplofsenta of Saleaasn, ritL the autLorisa- tion of the Sa1es Dept. and the appro.al at Y. Hopevell and I. H. Peak, Vice Ylesidents, ba a.ad the sams hereby are in all respeots aypra.ed, ratified anrl eonfirated: aobsrt Augusta $arold =. Paulk FPSrrr R. Rimr fa7 L. Season Jisie 8. Cates Frank J. Corrigsn oo aotion of I At tLs rate of: fffeoti.e: $50 per veek . . 50 .,, • 3 ' ' - . 45 Mr. Hoprvsll, seconded bP !b; . Peak, Ra, 21, 1952 of P. T.ori111ird Coapb7 vas 40tb Street, Sev Tork City. i it vas ®aniaously [I n
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-~91 y AffiCLVID: Thdt the e.rployaesnt at tb. Old Gold Branch of Rorn I. Triedel, at a salary at the rate of W per vsek, effeotiw YSe,7 14, 1952, be asfl the saws hereby is in all respeots approwd, ratified aM oonfir.od. • On srotion of Mr. Peak, seoooded by 1lr. druber, it vas naanisonsy 8ffiOL'VRD: That the folloving increases in sa]ary~of-6alesm.n; eaoh sffeo- ti.e HaT 19, 1952, being inoident to the terms of salary agreesents or to es- tablished salary rate eohedules covering vork assignasnts and in:operation of an eatablished plan of salary increases based upm swrit and/or 1angth ad serrioe vithin established rate rang+s, be and the sass hereby are in a11 r•- speots approved, ratified and oonfireasd:, ~ t , . _ ~ . ._. Traa the rete of: '!b ths rats of: Eobert A. Povels $65 Par sek $70 per vask ford Weathe Jack x 65 ... . ~ . . r . a ov e V 7 s ~ .. . 60 •- ' . a p rr rf . . . . Bullis Warren J 50 ~ . . . . . ]tioha.rd 0. Johnaon 50 ~ 1fslvin J. Scott . . 50 On sotion of Ylr. GrUber, seoonded by W. Hopev ell, the folloving ad.rr- tLing erpenditutes, all of vhich are a part of and vithin ths s® of monsy aatLorized by ths Board of Directors at a seetiiag hsld 6epterabsr 19, 1951, for an advertising prop-am during the year 1952, vere in all iespsots appra.ed, ratified and confirmed: satisate #9rj of Geyer, Aevell & fbnger, Ino., dated March 19, 1952, covering • eost of praoational spot for television adwrtising of M0.SST Cigarettes (Tbs Web), in amount of =59C.1 Istisate #371, Supplement B, of Lenxsn & riitchell, Ino., dated April 25, 1952, covering additional cost of ad.ertising CID COID Cigarettes in December 1952 issue of 'Better Living' aa@+sins, in the sus of $1,140.28. On sotion of kr. Hopevell, Mooaded by M¢. Peak, It .as mmioouslT RffiCLYED: That the action of V. J. Ha12,eT, Emonti.e Yioe President, and Anna T. Woessner, Assistant Secretary of this CoapanT, in eneonting on'behalf of this Company an agree~aent dated /!ay 1, 1952, between Mallard Air Service, Inc., a lfev 7ersey corporation, vith principal office in the Borough Of T.ter- ~ boro, Aev Jersey, as Lessor, an3 this Coaperyf as Lessee, vherebf this Company lsases hangar space and other faallities at Teterboro Airpv}t for the Grus,an Mallard II 2979 airplane ovmd by this Company, for a period oosnenoing on. May 1, 1952, at the rental of $325.00 per sronth, subSaot to oanoelLtion by either party on thirty deVs' vritten notice from any rental payment date on the terms s.ad bonditions set forth therein, all as more fnlly appears from said agreeasnt vhich vas duly presented to this meeting, be and the saw is bareb7 approved, ratified and oonfirmsd in all respects. Q Shs Secretary laid before the meeting the folloving: ~ W Contract dated April 15, 1952, vith E. P. 1hu-pby & Son, Inc., Ptcbaand, Ya., ~ for purnhase of coal for use st ths Ricbmond, Vs. plant of the Coaqa:p for ~ one year from May 1, 1952, under terms and oonditions therein set out; ~ Agceements, each dated Hs•rch"20, 1952, rith 1Sash.ille Coal Company, Louisrille}o~ T,7., for purchase of coal for uee at the Louisville and Iezington, 1V., plaats
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, I ,_ . : r .. , ~ i ~tia . .a : . a . ~• Q..... ~ »~
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,•- y n '89 Chicago, I11., Ms7 26, 1952 thrO98h Mm7 22, 1953, at a total cost of $76.988.60, of vhioh W,785.38 is to bs ohargad to the 1952 adrrrtisina borl4pt and ;3D,203.22 to tbr 1953 s¢..rti.ir.g bndgat .hsn aeoytan. • On notion of Mr. Hop.wsll, sooadsd bT Mr. dang.r, it w aoaaiaonaly EffiOLFaD: That thls Cospany oontributo• to the A.asiosa 8.d Cross Disastar l.li.f )sffi ths ssa of $1,000.00 for ralt,af of rictias of the r.ount floods sad tornnQoes in the Hiddls Ysst. , Da .oticn'Qnly meds and ssooaBaQ, the .pstiaa adjournad. ' • Assistant B.ce.tary r- 1 / . ~ .
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l 86 On aotion of Kr. Gaager, seconded by Mr. Peak, it vas smnnimouelY eoafirned: IMSaLVXD: 7hat the folloving increaess in salarP of Assiatant Division Namger, 6alasesn and Clerks, each effeoti.e HsT 5, 1952,'due to promotion or being inoident to the terme of salarT agreements or to establisbed salary tbts scbedilles covering work assigu~ente and in ope:ation of an established plan of salary increases baeed-upon serit and/or length of ser•ioe vithin eetablishod =ate ranges, bs and. the saae bereby are in all reeisota appro.ed, ratified and 1 ii
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; 8? „R, A, 1M '-,~ Sbars wers yrss.nt risssrs.: H. A. Esnt A regular aseting of the Sseoati.e Cosaitt.o of P. Iorillard Cor*q vas • Lald today at the offios of the Cospa:p, 119 Vsst kOth Street, 1Fsr Tork Cit7. 1. x. Qaaa+r Q. J. Halle~ 7. sopevell I. H. Peak • A. 7. Vosssnsr, Assistant Bsotetary acted as Seosetar7 of the r.ting. Itr. Lsnt, Chn.irassn of tLr Board, presided aad ths Assistant S.ci+tar7 on notion of Mr. Hops.lls saoond.d by tEr. Jasr s, it ws saauisonslY On notion dav an8s aad s.oond.d, tLe s+aaing ad-tbs aiaata of the vio:u ssating vas dispsnsad rith.• -StBaLFID: ihat ttia action of tbs Isoatin Vice President aod the Treasurer of this OorQany, in renewing on 11aT 12, 1952, on behalf ot this Cospany, ths lcs.n ands 7abruarl 11, 1952, fz•w The amrant7 Zust Cosm.aR7 of . Her Tork, 160 Broed3ra7i Hw Tork, Eea Tork, in the sun of Ons Million Dollars (=1,000,000), and in nsonting-aad d.li.+ring in the ms at this CompaqF its praRissory note eriQenoing said debt, bearing dats of 1y7 12, 1952, and pWabls at said baak niastT-oos (91) days froa caid dat., vith inte=.st at the rate of 3%per anaun fzoa said dats, b and the sas Las.tr7 L in all respects ayyro.ad, ratifisd and ooufirsod. Os•aption of Mr. Bopsr.ll, ssoondad by Mr. Jaass, it ws unaaiaaaaly aad I. H. Aak, Vice Presidents, bs aad the saas hareb7 ars in all rsspaots approved, ratified and oocfirmads I IESOLPta: 7bat the follarins .rDlvlsnts of Sa.L sasn an3 Varehouse Paok- ar., vith the antborizatioa of ttt. 6alss Dept. and tLe approval of 7. Hoprr.ll Aa notion of W. paagsr, s+eooad.d by Mr. Hopr-11, it ras umaniaouslT aaais froa said date, bs aad the saar hereby is in all raspsots approved, _ratified and aoufia.d. B850LVM: ibat tLs action of tbs Eyoscatiw 91n. Fresidsnt sad•th. Srsascirar of this Conpany, in rsne.ing on My 12, 1952, on.bsLalf of this Company, the loan mds F.brsar7 11, 1952, fros The Chase Satioml Bank, 18 Pias Street, Ner Tort, Nov York, in the sm of Os! )[illios Dollnrs (41,000,ODO), and in .montiqq aad dsli..ring in the sss o2 this CoMPaOT its proaissorT nota evidencing said debt, bsaring dats of Ha7 12, 1952, and ps7abL at said .bnat ninetT-ow (91) da7s frc>a said date, with interest at tLs rate of 3% par lodger A. /inDoaaall Bal.ators A. Polizzi John 7. Stanton Robert Vsiean,ra Richard A. Sals Eobsrt Gabel Oo aotion of kr. At tLa rats of: 450 Par wak . 50 . . 50 ~ 50 ~ . 36 36 ' . . . , woondsd b7 Mr. Hopeswll, f lffooti.a: ~ . 5/8/sz .. 5/5/52-
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covering spot television ad.ertisizg of G!D OaQD Cigtrettes over Station VIEN-19, Indianapolis, Isa., July 23, 1951 through July 18, 1952, as therein set out, at a oost for the 1952 portion of $12,065.00. On motion of Hr. 6aager, seoonded by Mr. Hopevell, the folloving advertising ezpsn&iture, vhich is a part of ani vithin the suo.of money authorized by ths Board of Directors at a oeeting held !'srch 20, 1952, for an advertising program Qmring the year 1952, vas in all respects approved, ratified and oonfi.r.ed: =stiaate #i, -dated April, 25, •1952, of lotmg and.Rubioan, Inc., •eoveriag nsvs- paper aQvertising of fiM Cigarettes ia Nev 7ork; CIlicago•and Los AnBeles, March 26th through Hovember 10, 1952, as therein set out, at a total cost of ;370,042.06. Sbs Secretary laid before the eseting the foll.wiag: Contract, dated }tarch 1k, 1952, vith Lsperial Coal Corporation, Johnstovn, Pa., for pm-ohass of coal for use at the Jersey Cit7i N. J. plant of the Company, for one Jear fro. April 1, 1952, :mdar terms and oonliitions therein set out; Aglee.ent dated Msroh 4, 1952, vith Standard Oil Cotpatp (Kentucky) for purchase of oils and greases for use at the Louisville, Ky. plant of the CoapsnY, for a period of one year from l4arcL 15, 1952, un3er teras an3 coaditions tLerdin set out,4aoh of vhioh On siotion of i',r. Peak, seoonded by Mr. Blaokaall, was in all respeots ratified and confirmed. approved, On motion of 1tr. Ganger, seoonded by Mr. Jem., it vas umnimouslY BESOLYHD: Sbat tLis CcapanT oontribate to Comeeroe & Industry Assn. of Hs. Zork, for 19~2, the s:a of $500.00. - On aotion of kr. Peak, seconded by Mr. Oruber, It vas unanimously ffiSOL9ffi: Tbat this Cospaitr oortribute to Iancaster General Hospital sapaiga, Lanoaster, Ya., for 1952, the sm of $250.00. On sotion of Mr. Gatger, seconded by Mr. Gruber, it vas ®animously M80LVED: That this Company contribute to IInited Negro College Tund, for . 1952, the sua of $1,000.00. ~ .On ewtion duly eede and seoonied, the eseting adjourned. Assistant $soretary, 0 Ii
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~._. . .14s 7. 1952 'R5 i regular meting of the Hnecvtis Cosnittee of P. Lorillard Oompazw ws beld today at the office of tL. Co¢patLT, 119 West bOth Street, Aex York Cit7. ibere vere present wsers.: H. A. Lent :. 1(. aanaer H. J. Hs1LsF - l. Hoperell I. H. Peak J. J. Hlackaall 4bdd Wool )br. tent, CLnirsnn of Seoreta,rl of the Meting. the Board, presided and the SecrtarF actsd as Cn motion duly s¢de and seovn3ed, the reading of ths.siautes of the •ious seeting vas dispensed vitb. On notion of Hr. Hopevell, seoonded by ?fr.Caa®er, it vas msniaoaslJ ffiSOL9M: That the action of the Emcutiee Vice President aad the ilbasar+r of this Cosqxny, in re mving on 1laF 5, 1952, on behalf of thi s Caiq,any, the loan snde YebruarF S, 1952, flva Ths }haufaotitrers Trust CorTaw, 1 gj Brced Street, Fev Tork, Bev Tork, in the sua of One Million Dollars (:1,0O0,OT{A and in executing and delivering in the mme of this Coapany its proaissorY note e.i3eacing said debt, bearing date of May 5, 1952, and paFable-at said bs.nk ninetT-one (91) days 15roa said date, vith into rest at the rate of 3% per ennmm fTas said date, be ani the same betebY is in s.ll se spects approved, ratif ied II and oonfirmed. On Motion of kr. Hopevell, ssoonded by Hr. Oangsr, it vas imnnimously BESQTAED: That the action of the Sreoutive Fice Piesident aod the Treasurer of this Companp, in reneving on M+T 7, 1952, on behalf of this Coapaqy, the loea saAe FebruarF 7, 1952, from The Chase Hetional Bank~ 18 Pine Street, Aev York, Rev York, in the sum of One }Klli,on Dollars ($1,OQ0,000), and In exsenting nnd delivering in the anms of this Co=pan7 its pronissorF note eTidenoiag said debt, -bearing date od )iay 7, 1952, and payable at said bank zimt7 (90) days fram eaid date, vith interest at the late of 3% per annan fYasf said date, be aadd the seme hereby 1s in all respects approved, ratified and oonfiraed. - ' On sotion of Mr. Canger, sscaac]ed by Mr. Peak, it vas vasnimously ]lSm98D: That the folloviag emploYments of Selesaen, vith the anthorina_ tion of the Sales Dept. and the approval of x. J. Halley, Ezecuti.e Vioe President, aul Todd xool, Vice President, be an3 the sasn berebY are in all respects approved, ratified aad ooafirmed: i I 8obert H. Senerote David T. Dvoey John F. See1ey Ceaar H. Quinones Korton P. Starr Jsass Z. Constaatini At the rate of: Eftboti.e:
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Valter L. Guanella Charles H. Cries Hornos A. lnbrs CZyarles B. Page, Jr. Vincent J. Aleseandza •Jaok I. Coggesaall HarrJ 0. ?foziaa Zsrl C. Otte - an7 of the ftmds of this Conpany an deposit vith The Sational City Bdnk of tev Tork to the aredit of the A.iation Account shall bnar the sigaatia+s of atp one of tbs folloring: % E. A. Sent P:esident lt. K. Canger Eneoati.e Vice President V. J. Halley Vice President Todd Wool Vice President & 8eoietary 1. Hopewelr Vice President I. H. Peak • .. Aioe President 0. 0. Davies 24easurer ' 1. H. Veiske • • Asst. Sooty. & Asst. 2reas. Z. V. 8a~nnn Aset. 4reastner J. J. Darby Coaptroller Zdvard L: Beard III Charles V. Hasoup On notion of btr. Caager, seoonded by Mr. Hopevell, it ras ~niaousljv EL50L7311): That the folloving emplofsents of Salesewn, vith the authorization of the Sales Dept. ani the approvnl of V. J. Halley, and I. H. Fbe3c, Vice Presi- dents, be and the saas hereby are in all te'spsots appra.ed, ratified and oonfirsd: . , . • . , galter !. Ssl.ly - John Carro $arold M. Cermin - Wayne H. Goodwin At the rate of: =ffecti.e: =60 per veek 50 . . k/21/52 50 . . . On mction of llr. Caager, seoandeQ by 3lr. Hopevell, it vas unaniaously ~ . =60LFED: That the folloving es@lorments be and the saae hereby are in all respeots approved, ratified aad oonfiraed: • 1ev Tork Office Charles W. Eascup Harold J. Rainbov Adsll Soffa 01d Gold Branob Richard L. Roeencrans Qilliaa J. Ashmore j Ban t7ranoisco Office Eose Harie Coroon On aotion of Nr. Peak, sec ~ At the rate of: .tffboti.e: ;7800 per •6000 ' • 35 per . . ..• . . . . anaon . veek 3/1/52 k/28/52 4/23/52 60 ~ ' k/21/52 • f7 .. . 4k ~ ~ 4/2h/52 by ltr. Hopevell, it vas umnlmousl, •:RESOLPHD: 'lhat the folloving'inareases in salary of Sa1e men, being inoident to the terss of salary agreenents or to established salary rate O .p 6 4
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-- J.r... _ 2 L LI U • - J 83 schedules oo.ering work assignmsnts and in operation of an established plan of setlary increases based upon nerit a.nd/or length of service within established - rsts rangss, be and the sama hereby are •in all respects approved, ratified ssad oonf iraed: - Tros the rate of: To the rate of: tffeoti.es EiLda x. James $50 oar• veeY $55 per week k/21/52 Sobert A. Sheehy 54 • • 55   • , Roel a. sradnhsv 50 • • 55 • • ~/28/52 Pau1 D. Brovn 50 Eiabard L. Srieger 50 ' • 55 Ssrbert !k'Ruad.e 30 - ' 55 Delbert V. alorsr 115 • • 50 . are in all respeots approved,.ratified and oonfirmed: Oo notion of lir. Peak, seoonded by Mr. Bopevell, it was uaanisously '$ESOLYO: Tbat the following increaees in salery, due to promotion or by reason of additionel responsibilities nnd being individual merit inoreases in operation of an established plan of salary increases based upon merit aad/or 2ength of service within established salary rate ranges, be and the seae hereby Tran the rate of: I To the rate of: - Zffeoti.+: Vhitlock Branch D.i].ton Bondranko $50 per week $53 per veok k/28/52' fantunky Ieaf Dept. • . Helen L. Decker 37 . k/11/52 39 ' 7oslarille Branch  . liillina A. 6chLenk,Jr. 68 05 . lugene H. lronk 53 . . 63 . Zdgar Vallaoe, Jr. kT . . ~ . . 57 : •. Itild=ed x. Welch 48 Bush ~ Ians II i • . • .  . Albert C Wolf . • 5S • . 63 • . • . )Iary C. cS:ll 41 Sevton 40 Mari s D 43 ' ~ . . b3 ~ • . . . liiry A Booker 37 113 • : . . lresdsnn 46  e ' Ifary A 48 • . e e f J l . . . 6Lirley A. Logsdon 38 Msry L T.3 tcnbrun 38 40 . 40 • • . . I[ildred C. Cooper 40 43 ' • . ~ Margaret L. Hanaiord 34 39 ' . . lk+itlaad D. Liniauer 36 • . 39 '  .  . • Dorothy J: Hettich 36 39  . Qanda L. Crump 36 . . 39 ' . • sernioe aignite 36 . 39 De. Zork Office Jaae Gatti 48 • . . . 4/n/52 52 Generles Lavlar 49 52 • . I Oa nction of 34r. Canger, seconded by Mr. Bopevell, the following ad.er- tising ezpendittre, vhich is a part of and within the scm of swney authorised by the Board of Directors at a meeting held Septeaber 19, 1951, for an s4sr- tising progrns during the year 1952, vas in a11 respeots approved, ratiSied aod oonfirsod: c
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. .. ~ I .1 ~ w L ; • 80 AWu 30, 1952 - A regular "arseting of the EYeoutive Cosdttee of P. Lorillard Conpa:q vas bsld today at the offioe of the Company, 119 West k0th Street, Nov York City. T. Hopewell . --- ` I.H.Peak J. J. Bleoknall L. Oruber A. James A. 1. Yoessner, Assistant Seoretery :; There trore present Messre.: H. A. Lent . ' . ~ H. M. Ganger V. J. Ballef Y :--~ .- , t ,1 r..~ Ilr. Eent, President, presided and the Assistant Sscietary aated aa of the mseting. Secrstary On notion duly mads and seoonded, the reading of the siinutes of the previous - meting vas dispensed vith. On notion of Mr. Hopereil, seconded by Mr. Jaaes, it vas nnfsaimouslY 1t!!lOL1TED: That the action of W. J, Halley, 9ioe Pres3dent, and G. 0. Davies, '14eaeurar of this Cocpar~y, in reneving on April 21, 1952, on behalf of this Company, the loe.a rede January 21, 1952, froa The Baamrs irust Co=pany, 16 Ya11 Street, Hev'7ork, Hev York, in the sia of one Million Dollnrs ($1,000,000), and in executing and delivering in the nenyi of this Company its Droaissory note evidencing said debt, bearing date of April 21, 1952, and payable at said banY niaet,'-oas (91) days frcm said date, vith intere st at the rate of 3% per annum troo seid date, . be and the sase hereby is in all respects approted, ratified and oonfiraed. On notion of Mr. Hopev.ll, seconded by Mr. Jaaes, it vas uaaninously HS80L4M: That the action of V. J. Halley, riae President, and C. 0. Da.ies, 'ireasurer of this Coz<any, in reneving on April 22, 1¢2, on bebalf of this Ccmpemy, t2a loan nads January 23, 1952, from Ths Public Hational Bnnk & Trust Campaqy, 37 Broad Street, liew York, Bev York, in the sun of Ons Million Dollars ($1,0D0,000), and in ezeouting and deli.ering in the name of this Company its promissory note e.idenaing said debt, bearing date of Apri1 22, 1952, and payable at said bank ninety (90) 3&Ts from said date, vith interest at the sate of 3% per aanum from said date, be and the aaae hereby is in all respects approved, ratified and oon- s , I A' ; ' On notion of Mr. Hopev.ll, seoonded by Mr. Jaaes, it vas amnieously g;SOLO'ED: Thnt the action of W. J, Halley, Pioe President, and 0. 0. Davies, Treasurer of this Company, in rensving on April 22, 1952, on behalf of this CoqmLayO . the loan made Jamary 23, 1952, from The Ban ~rs Trast CaapaaJ, 16 va11 Street, Z mr Zork Sev Zork in the aua of One Milliun Dollars (a1 000 000) and in exsout- 'p fir.ed. " ~ ; ( i , ! ing and deliverirg~in the anme of this Company its prosiseory~note~e.idenning said w debt, beering date of April 22, 1952, and payable at said bank ninety (90) da,ys- ~ from said date, vith interest at the rate of 3% per anaum from said date, be aad ~ the sasq hereby is in all respects appro.ed, ratified end oonfirmed. .A On notion of )r. Hopevell, ssoond.d by Mr. Jaass, it vas umniaously ~. of W. J. 8alley, Pic. President, and 0.0. Davies, gISOLVH~: That the action Traasurer of this Co3p&rT, in renoving on April 23, 1952, on beLalf of this Cos- pany, the loan made January 2kl 1952, from The Srr York Trust Coapatp, 100 Hroadvay, 1-I I .. ~. ( ,.
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-e - 81 31er York, 1lev Tork, in the etm of One Million Dolls.ra ($1,000,000), and in , executing and delivering in the man of this Campany its proalasorf mte s.i- dsncing said debt, bearing date of April 23, 1952, and payable at said bank AinetT (90) days fron said data, vith interest at the rate of 3% per aanus from said date, be and the seme hereby is in all respeots approved, ratified and confirmed. • . . On notion of Mr. Hopevall, seoomied by Mr. Jaaes, it vaanaaaiaously SS60LVSD: That the action of V. J. HalleT, Vice President, and 0. O. Davies, 4reasiaer of this Cospan,T,-in reneving on April 23, 1952, on beha1f of this Cos4any, the loan ca,de Jamar7 24, 1952, from The Guaranty 2Yust Cuspany of Nov York, 140 Broadway, Nov York, Hsv York, in the sua of On Million Dollars ($1,000,000), and in executing and delivering in the nass of this Compeny its proaissorJ note evidencing said debt, bearing date of April 23, 1952, and payable at said bank ninetf (90) daTs from said date, with interest at the rate of 3$ per enma from said dats, be and tbe aane hereby is in eJ.1 rsspeots approved, ratified and oonfirsed. •On notion of Mr. Hopev.ll, seoondsd by Mr. Jass, it .as oaaniaoualJ REBOLFYD: Zbat the-e.otion of W, J. HalleT, Vice Prssidsnt, aad O, O. Da.ies, 1reanaer of this Coapaqf, in reneving on April 28, 1952, on bebalf _of this Coapa7, the loan amds January 29, 1952, from Cheaical Sank and TYust Cocpany, 165 Broadyn7i Sev York, Nov York, in the sua of One Hillion Dollars -($1,000,000), and in ezecauting and delivering in the naoe of thia ComrpaaT itss yrooissory note evidencing said debt, beering date of April 28, 1952, and par- able at said bank ninety-one (91) days from said date, with intexe st at the rate of 3% per annun from said date, be and the sass hereby is in ell respects approved, ratified and oonfirasd. " .. • ~JJJ - t On notion of ?!r. Hopsvell, seoonded by 14. Jmese, it vas tmanimnslJ ffi60IASD: That the action of W. J. Ball.er, Vice Pteeident,, aad O.O. -Davies, 4easurer of this Cotepaa.7, in rentrving on April 28, 1952, on bebalf of this Coapany, the loan rede January 29, 1952, from :'he Guaranty 74vst Compartl of Few Tork,-14U Broadvaf, Hev York, Nov York, in the sm of One Hillion Dollars (s1,000,ODO), and in ezeouting and delivering in the name of this -Cosqnny its praeaissory note e.idenoing said debt, bearing date of April 28, 1 19>2, ead pafable at said bank ninet7-ona (91) days from said date, with intereet at the rate of 3¢ per ann•m from said dats, be and the sass Lsrebf is in all respeots agproved, ratified and oonfir>tad. ~ On ~ ~ I sation of Hr.. Hopevell, ssoondad by 1lr. Jeaes, It vas tmanisnuslJ HlLSOL'9$D: That the action of it. J. Sall,er, Yicq Presidsnt,, and G. O. ~ rDa.ies, 2reascaer of this Coapeny, in renewing on April 30, 1952,.on beLalf oKr • this Coa[patp, the loan neAe Jamaar7 31, 1952, from The Sanover Bank, 7o Hroad_ raJ, Ne+/ Tork, Sev Tork, in the svs of One Hillion Dollars (l1,o00,000), and In ensouting and delivering in the nena of this Cospany its proaisearY note .svidenoing said debt, bdaring date of April 30, 19X, and Pa7abLt at said bank 40 ninety (90) days from said date,-vith inte=.st at the rate of A per aaOum from 64, said date, be and the saae hereby is in all respects approved, ratifisd aod W oonfirmed. • ~ . ~, On aotion of Mr. Ganger, s~soonded by Mr. P,a7.1ej, it vas nmai..oaaly ~ • t . r M RE60LVED: That an Aviation Account be opened and mnintainad in the nar of this Co=pacv with The Hatiornl City Bank of Sev York, TiLO s Sqpat+ Branch, k1st Street and Broadway, Rev York, Nov York, and tbat all ebaeka dtavn against
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78 fP-1, datAd`April 7, 1932, co.ering ptblloit7 servioes for 1952,7 aad e:penaa oaf Yress Party Le]d {'a.roh 19, 1952, for U1iT Cigarettes, at a cost of W,000, nS Seoretsry ]aid befcre the aseting the folloring: ~ • Qontraot dated Ukroh 24, 1932, vith'me Do. Cbeaical Coupany, vidlR^d, /tiob., for psrcbase of YrogTlen, -Glyool for nse at tLs Jersef Cit,7i N. J., and Louis.ille, IV. Plants of tL. CaaparT, Apri1 1, 1952 throaogh Hrroh 31, 1953, nnder ter,s anQ ooa3iti,ans tbersin .et out; Agrse,ant dated VAY 1, 1952, vith Oeneral Electrio Condpa~ for purchsse of •lsotri.o lacps for oas year froa ltay 1, 1952, nader terms and eoaditions - tLorein set out; -Lease- dateQ Y7sroh 21, 1952,-froa nxs Darlington Corporation, of Booa D, Darlingtw B1dg., Atlanta, On., for a period of tvo years an<S 8 aonths frca XaT 1, 195..','at a rental of $200. per noath, PapaDle in-ad.anoe, :mder t.ras and ooaditions therein set out; I Beose tary
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U .. . April 23. 1952 79 • Ths ragular soeting of tha-Emeoatin Cosaittss of P. Loril2erd Co.paaW -- Qw to be hsld today at t2» office of the Oorpany,119 West hWth Street, Nev Tork City, ras adJonrned to aeat-Ysdassds,f, April 30, 1952, at 11 o'olook A. lt., no quorum being jressnt. . . Assistaat 6eor+tarf
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Fs 76 - ' : April 16, 1952 ' t regular meting of thessocatias Coaittee of"P. Ioril]ara Caw9anT vas bsld today at the office of the Cospany, 119 Vest AOth Street,'IIev York City. / 'lhera wz+ present Nssers.l H. A. Eent - a. x. onaa.r l. Rores+eu I.H.Peak B]noYnsll L. Ornber i. Jams Todd Wool lfr. lent, Pr.sident, presided and the Seoa•eterT acted as Secretary of Us asetirg. On notion dnlr mds and seconded, the reading of the simites of the pravions smeting vaa dispensed vith. OR notion of Mr. Hopersll, seoooded by Mr. Oaiger, it ras unsnimoaslJ ELBCZMs ibat the action of V. J. Hallq, Vice President, aad 0. 0. Daviss, ?reasqter of thls Cocpany, in renev].n3 oa April lb, 1952, on beLalf of this Cospanq, the loan nsde Jenuarf 15, 1952, fron Aational City Denk of Sev York, 111st Strest and ffioadvsT, P.3v York, Iev York, in the na of One Killian Dollars, ($1,000,000), and in executing and delivering in the aaas of this Co-vam7 its yroaissory note e.id'noing said debt, bearing date of April lk, 1952, and Pa7- able at caid bank.ninat7-one (91) days from said date, vith interest at the rati of 3% per affiss fraa said date, be s•adI the ssms be=+bJ is in all =+syeots approved, ratified and oonfirmsd. _ 0a aotioa of Mr. Hopsrell, ssooodsd bf Mr. Oanger, it vas onaaiaouslJ gMMi ''i'bat the action of V. J. Ba]laT, 11os Ptesident, and 0. 0. Davies, h•easmer of this Coa_,pany, in renewing on April 15, 1952, on behalf of this Coepary, tb,- loan rsds Jsnmrf 16, 1952, froa Tbs Dev York •Y-ust Cozpauy, 100 Droeds.a,T, rev York, Hav 7ork, in the s= of Ons Hillion Dollars (~1,000,o00), affi in executing an3 dslisering in the nams of this Conpamy its proml.sorf note avidanoing said debt, bearing date of April 15, 1952, and peyable at said bank asnstT (90) days flaa said date, with interest at the rate of 3% per aarna frasr said date, be e.al the saae hereby is in all t+spsots aplrvred, ratified and oonfircod. On totion of ![r. Hopowll, .eooaded 17 /tr. OanHsr, it vas timaniaonslf LiSOLQEDt- Tbat the aotion of V. J. FslleT, Vice President, and 0. 0. Davies, 'heassasr of this Coaoatp, in removing on April 16, 1952, on beLalf of this CosrpaRT, tLs loan saAs Jemuary 170 1952, fros Tbs Cbass Eational Bsak, 1$ pins Street, He. York, rev York, in the sUIS of One Hillion Dollars (v1,000,000), and in executing aad daliwring in the nesr of this CorpaqT ita proaissorf nots avl.dsnoing said debt, bearing date of April 16, 1952, and payable at sd d bank ninety (90) daVs fros said date, with interest at the rate of 3% per ana~m from said date, be and the saae hereby is in all respects approved, ratified and , ooaf i:sd . IT! U . '.
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77 'BE50IRED: TLat the following esploqrsnts of Balssasa and Clerk, tith the antharisation of the Sales Deqt. ar.i the approval of 7. Hoperell and I. H. Peak; Vioa PresiGonta, be s.ad the saas hereby are In a11 respeota approvsd, ratifiad anS oonfixmed: jusait: a: Liih sarry L. Earve7i Jr. Robert l. oslos At the rate of: tffeative: On aotion of Mr. psak, seoonded by )r. Jamss, it vaa tmanisously WSCLMt That the following esploysents at the Lfluis.ilU Braaah be aad the ssas hereby are in a11 respeots approsb, ratiiied and ooafiramedt . At the rats of: Zfftioti..: 1drT U. ltsjer Opal L. Ora.es DoLIy s. Ttiatux ~ 39 . . . 50 $50 per vsek 50 '- '- $50 per rak ~ 52 39 ' ' ~ 9/ . . n . On .otion of W. Eallsy, ssoonled by Itr.. Sopevsll, it qas nnsaiaoasly BSSCT.YM: 'mat the folloviag imreases in salary of SaLsasn, each eftbotis April lb, 1952, being iaoi.dent to ths taras of calarf agrsesnts or to'ests.blished salary rate sohxbiles oovering wrk assiginsata and in operation of an estsblis:.ed plan of salary inoreases bassd upon msrit and/or length of sar.ioe within establlah,ed rate raa„^ss, be and the saas hs=ebJ ars 1n all rspeots approred, ratified antL ooafirned: Yrou the iats ofi To tbs rate of: 1iorman &cp1an vard A. 14aZby Joseph S. Berdin Isstt 0. Boland Ra1pS L. Orabicah Cbaarles r. S,orogut Al,emadsr A. Siotlarek Marl A. llelone - Villiaa B. Smith On nvtion of f On nntian of 1lt. Ganger, seoondsd by Hr. Griiber, ths following advertising ezysndit.res, all of vhioh are a Fm-t of and vithin the su• od swasJ authoriud by tAo Doard of Direotors at a mosting held lbroh 20, 19>2, for an ad.erti.ing ~ durio8 the year 1952, rsa+ in a11 recpeots ayRro.ad, ratified and oon- rspsets aqprosd; ratified and oorafirasd. ~ . . . . . uaaniaousl,j. SEBC$VM: That the inorease In salary of Agnes Ldvards, erplofed at the Ysv York Offioe, froas the =ste of ~55 per veek, to tbs rate of $58 per v.ek, effeoti.e April 21, 1952, dns to is•o.ation, be an3 the sass hereby is in all 45 • ' 55 ' ' 55 ' f ~ . 0 0 1r. Sallel, ssoonr]sd by Hr. Eopereu, 50 ' it ras , #A-1, dated April 7, 1952, oo.ering design and finishsd art for .arious . paob+Ps aad oartons for LEy'f Ci ette. at a oost of $1400000 Zstimates of swag & Rnbioaa Ino. as follows: , ~r ,. N : ~ 455 Psr .eek $60 per rs.k . . ~ . 50 . . 60 . . n . . 50 55 ' ' 50 ' 50 ' 50 ' 50 '
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, .~...,.,,.~ `i4 On moti,on of !!r. BsLLeT, seoon3ed bF Mr. Oruber, it uas umaimuusly 8ffiOLM: That the'folloving inareases in salary, due to promotion or bt reason of additional responsibilities end being indirid-a]0 avrit inoreases in opsration of an establiehod plan of salary inoieeses based upon msrit and/or length of serrioe rithin establiahed salary rete rrmges, be anl the saan bsre- b7 are in all respects approved, ratified and oonfi:aed: Tro= the rate of: To the rate of: .]tifeoti.e: -Nev Tork Off ioe Tinoent ttieLs $52 per •eek $58 per veek . b/7/52 irhitlocY" Branoh ~ • - ~ • b~21~52 Yilliam B. Ha.rdmM1a .67 76 On siotion of ?[r. Oaagar, seoonr]ed by Mr. Oraber, the folloving ad.ertising •apenditures, all of Yhlah are a•part of and vithin the sum of aoneF anthorised by the Board of Direotors at a mseting held September 19, 1951, for an ad.ertisin8 progrem during the year, 1952, vere in all respscts aplsored, ratified and aonfireed: =stimat. #94, cd Geyer, Eeoell-& Ganger, Iaa., dated Y.arch 10, 1952, coverin8 re.ieion of television film for advertising ZCe3ASbZ Cigarettes on "7Le Yeb,' at a cost of $580.75; _ ' =etimtes of Lenaen & FEitobell, Inc. as follovs: f 363, Re.ision 1, dated lisrch 1b, 1952, covering tele.iaion advertising of OID GOID Cigsrettes (Dovn Ton Go program), for k•h veeks fras< September 21, 1951, to Septeaber 12, 1952, at a oost for tbs 1952 portioa of $281,6k9.82; j4W, dated March 7, 1932, ootering e.d.ertlsessnts fa OLD GO7D Cigarettss in the April and £sptesiber 1952 issuss of FS1C1 Ma4psine, at a oost of $1,223.75: #b01, dated March 21-; 1952, so.ering teLe.isibn ad.ertising of 1[RISL Oi.EPLss (hitahhike costs, Tarious progr-), JamarF 1 through March 31, 1952, at a • . total cost of 4.1,885.64, P402, dated March b~ 1952, ooovsriag television advertising of PRIOOB pips Ilizture (hitahhike aosts; Original Matenr Bouz), Januar7 29, through September 9, 1952, at a total cost of t4g00.i #bdt, dated March 17, 195Q, oo..risg oost of prodnoing )aRa7, ezperisbntal jingle, In a.oumt of $719.60; .. ~b05, dated Maroh 17, 195Q, ca.erinB aost of produoing Fatber's Day fila for television adeertieing of iQ.RI81. Cigare, at a total oost of $929.20. .~ _. _ . . . !hs Secretary laid before the seeting the folloving: Agreement dated"TebroarT b, 1952, Mth A. D. T. CosFnra, supplseental to and expiring concurrently vith agrsement dated Septsmber 27, 1950, for ad,iitioaal installetiod and raintenenoe of Sprinkler Superrisoi7 & Waterflov A]era Serrioe at the Company's Bicbavod; Va, plant, at an installation charge nf $213,00, with sb.intsnanoe for a psriod of five years froa<date s7stsm is operative at a oost of $108.90 per annum; . _ I I Rider to a~eement dated Foa.eaber b i dated Deoeaber 28, 1951, , 9k8, Yith A. D, T. Coapaapr, authorizing remoiel from the Louisville, Ky. plant of .the CorpaW ootpLste aero automntic fire alara system in Warehouse "H" in oonsidsiation of vhich the A, D. T. Company grants to this Coojs.y a i+duation of $667.00 per anaaa, sffeati.e H
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75 JantiarJ 1, 19521 eacfl of vhich " On .otion-of Mr. Baller, seobn3sd by /r. Slnolaml1, *aa ia a11 resyeota aPproved, iatifiod and oonfirmsd. • On aotion of 1-r. Cnn-er, ssoondsd by kr. daaes, it na umsniavuslT $ESdLPJCDs ?1nt this Ooapny contribate to Junior LchLs..mLt, Ioo., for 1M, the svsi of $1,000. On motion of lr. Cnnger, ieoonded t~T Ilr. Jemes, it vaa ®snimuily _. RESOLVEDs net this Oompeaq oontribute to lfev Iort Reart Assocfation, for 1952, the sma of $500. On motion dn],I sde a.ad s.oonded, tts aseting adionru6d. t B.oretsrr t i
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72 ~.. r._,.. -... - ._.,a....-... ~ A regular meting of ths Smoutiee Coecnittee of P.. Lorillard CczDsryP - ras hsld•tod;P at the offioe of the Company, 119 West 40tb Btrset, Hev York Citw. _-. ?~ said date and payable-at Baid bank ninety (90) days froa said dats, with int.rest respeots approtsd, ratified and oaniirssd. at ths rate of 3% per aaata froa said date, be and the saas herebT is in all Mei+ asrs present Nessrs.: H. A. Esnt ~ S. K. Gauger . Todd Wool 1ir. Lsnt, President, presided end the 6eoratarf acted as Secretary of ths msting. On aotion duly eads and seoond.ed, the reading of the aiautes of the prs- ~vioos snsting was dispensed with. On .otion of l0•. Ganger, ssoonded by Mr. Jass, it vas nnaaiaousl,j `-8jS0LVZDi' That*the action of V. J: Bnl]sf, Yioe President, and G. 0. Daries,•'1'rsasm-er of this Coapany, in borroving on Aqril 2, 1952, on behalf of this Coapeny froa 'Abs Sev York 7rust CoESincp, 100 Hrondvay, Fev York, IIev York, the sza-of Oce Hillion Dollars ($1,000,000), and in executing and delivering in the nams of this Camyoxy its proaissorT note e.idenoing said debt, bearing -A" Avri1.9, 1952 ~ On sntion of 1dr. Oanger, seoonded by itr. Jaaes, it was :msniaonsly =SM=:''mat the action of V. J. Hallef, •ioe Prasident; and 0. 0. Davies, Tisasuter of this Coapera, in renewing an April 3, 1952, an behalf of this Coqosry, t5s-loan seds Januarf h, 1952, fras National City Bank c? 6ev York, 41st 8treet and HroadYsT) Be'v York, Eev York, in the na of One Hillioa Dollars ($1,000,000), and ih e~eouting and delivering in tbs"nams of this Caapany its yroaissorT note evidencing said debt, be4ring date of Apri1 3, 1952, and payable at said bank ninety (90) da7s froa said date, with intarest at the rate of 3% per arana from said date, be and the sase he:ebP ia in all respects approved, ratified and ooafirss+d. _ On notian of Hr. Oangr, secanded by Mr. Jeaes, it was nasaisousi, IMSCLVEa: mnt the aotion of W.-J. Hal1eP, Vice President, and 0. 0. Mriss, Treasurer -of tbta Corqpanr, in reneving oa Apri1 8, 1952, on behalf of this Coapazy, the lo4p eade January 9, 1952, from The Chsss National Eeak, 18 Pins Bti+et, Sev York, Rev Tork, in the ua of One 1Sillion Dollars ($1,000,000), and in executing and deuvering in the nams of this Coapary its promissory note e.!-. dsnoing said debt, bearing date of April 8, 1952, and payable at said bank ninety (90) da,Ts frua said date, with interest at ths rate of 3% per anmsa froa sqid date, be and the saas L.reb7 is in all respeots aPproved, ratified and oonfiresd. Co swti.om of Mr. Blaolma11, seconded by Mr. Jsass, it .as :manisous1J mat the following eeplofaents of Salesmn, with the aIIthoriza- tion of the Salss Dept. and the aypro.al of Todd Wool and W. J. Hslley, Qioe Presidents, be and the same hereby are in all respects syproeed, ratified and oontirasd: V. J. Sslley J. J. Blaoknall . L. Orub.r ~ A. Jasss N1
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7 ,.. , \ 04374436 . . ~ ~ ~tl O 0 /r :•i . • : ~ /  / : t :. , . . . .~ . .•, . ~`:.i ~ tt°44 A M• o ~: iQY3$$$ ~A ~rA A A RR a~41 • ~ M O O p • '  / / + ~.~. r {. SAM . ~.w ~~ . M A „w• i' '~ry! •~rl ~Q d qd ~,'y• i~~,- t~~p • ~ ~7 " p~~.•l O ~ tE')j 00 • 8ill~~sas~iae ~' .I l8 =~f .~ ~ I ~&°~ ~ ,~,~~~~a
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inoid.ent to tbS tsras of salary sgreeasnts or to established salarJ rate soIIsdal.s ooraring irork assig=ats s•ad in oparation of an estsblishod'plan of salarF inoreases bnaed upon rarit a•nd/or length of serrioe vithh estnbliehed rate raagss,,bs and the osas hereby are in all sespeots approved, ratified an+i koonfi279sd: '-- . - - . . all respeots appra.ed, ratifiod and oonii:rrd: t On notion of ){r. Ha11eT, asoondsd by Nr. Jaaes, ` -'"B7rSCLPBb: That the follovrina esplofaents be eaG 'fev 2ork" Off ioe B&raid L. Deard, 3rd John lfoCartty Ianiatille Branch Cbarle s F. Tcm7Pert Talarie B. iharp • old aold Branch - Fr:noss x. Di r.atdo 8iobard E. 1fol.ossa it vas um•almouslY the sam hereb7 are In At-ths zats of: $10,800 per anma #57-per .rsek Bffeoti.e: k/1/52 3/31152 64_ ' = 38 ' 3n9i5~ 38 ' ' 3/26/52 57 ' ' 3/31/52 On motion of itt. Hopevell, seoonded by 1lr. Cangsr, it vas nnsnimouslf !lL40L4ED: TLit the folloring increases in.salarF of.Salesesn, being DoaSl•3 B. atter Osor®s Eairpas Niusaa a. seise •rtbur v, rynTanaU1a Cbarlss B. Coltor .Slains Delson ' - ~ Baniord D. Silsrstsin V11.lisa 0. $aith lartie Cinor - -- ' Boland B. Naleh - - Wesley C. Grabau ; Mgtrre4 M. Ssith Staaler Y: Van Y.andt 7yrosu the ra te of: To the rate of: ' Bfleoti.e: +rb 445 per p r ve ek ek $ 3/17/52 60 6 ~ 3 /31/52 n . . ~ . . . n . . 60 . , . ~ . . . • . . 50 50 n -35 . . 0 . . P '. .. . 5 . ~ . . . . . 50 ~ . . s . 0 . 50 .. n ~ . 50 55 45 ' . . ' 50  . . . :4 . . . 145 s 50 ' '- P On srotion of Ibr. Bopev.ll, seooodnd by 1lr. CeaBer, it ws onaaiaonsly St80L9ID: That the folloving inoressss in salary, effeoti.e April"7, 1952, 1h7-season of sd4itio3al rsponsibilities saa being ia3iridval artrrit increases in operation of aa establinhsd plan of salary inareasss based upon marit and/or l+inBth of Nrrioe vithin established salary ra•te =aafps, be sad the seas Lareby sre in s11 ie speota approaved, ratified s•nd oouf i=ssd: : Baa Franoisoo.Offioe Bo"an 8. Hrigit dln ao3Q lirsaoh valtsr C. Kelly Troa the rate of: To the iate of: $63 par veek 473 Psr veek . . .. . . . . . 57 ~ -.. . lfr. P.a11rF stated to the seting tbst Ifr. A1].en 7ee Alsop, leaf Prooessing ' Speolal.L t at the Kentucky Ieaf Dept. of this Cossaay, by a+ason•of having reached ,-~ f , .~. . . ~. . . • .j . .
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:?1 the age bf sixty-five years, vas retired ab of April 1, 1952, on tbs retireeent inoom proridsd for in the Ezxployaes' Retirea,nt Plan s.doptod by tbs stoalhold- ers at the Assasal lastiag heid in 1$+5; tYst £sotion k,-snbpotion 1(e) of the Zoplafeos'-8otiressnt Plan provides thzt the Ecard of Direotors aaT eoQf.hor on a retainer or foe basis anT person reaei.isLq a r•tiz+mant all.o-sanoe cmd.er the Ylnn; that after oonsaltation vith other offioers, it vaa dsenad adrisabls that -Mr. Alsop, beoauee of his speoial ezpri:no: an,i lmov]adgv, chould bs eaplo7+d on i retainsr or fee basis, vhinh retainer or foe vould be in addition to the retiresent iaoos Ya. Alcop vill recei.e, nad he reooaonded that ltr. Alsop be offereQ a aontraot for the r+nainder of the year 1952 for the tape of serri.oe an3 at the retainer shovn on.ths sohednls paAsented to the s»eting. '" Tber.npon, after it:ll disouasion, on aotion of 14r. Sall,eT, ssoouded by Yr. dangrr, the folloving preasbLe aa3 resolution vere adoybsdt . fiEMW: It is ths opinion of this Soard that )5r. Allan Lse Alwy, of the Lsntnclp IAaf Dept. of this Cospam7, vLo vas retL-od at ths ag+ of sizt7-fih rsars on April 1, 1952, on the rstiromat iticoae provided for in tTs EapLoyees' Hetireaent Plan, bas suoh speoial ezpori,onoe e.ad lw`.ledes as to renisr the r- bntion of his serrioes desirable.for tha benefit of this Ooapan7,- xW, TEMWCR3,"St IT MOL9ID: Rhat the proper offloers of thli CoapW ba aad tbe7 horebT are authorized to entar into ani to .zoonte .ith.lhr. Alsop, rho vas retired on /lpril 1, 1952, a ooatraat for tts tonsiaier of ths year 1952 for the type of serrioe e.a3 at the retAiL+r or fee set forth aft3r hi. naas an the sched.a],e preeented to this snotir,a, vhi.oh retaiaer or fee cha11 b. in addition to the retireaent iacoms of scch asplafse. O. 6so:etarr laLi befor• the aeeting the folla+rings . Lease-dated 19atoh 11, 19j2, fYos 7effersoa $ailding Corporation, of Eooa 539 Jefferson Hldg., Peoria, Zll., for one year froa Fsy 1, 1952, at an ssmusl rental of $480., paJabL sroathly in adranoe, nndar tsras a.ad oosditions there- !n .it outj " Lsase dated 1Raroh 17, 1952, froa Mii]er Prothsrs i Co., Agauts for t5msonio' Tsnpls Aesooiatlon, of rooa in 1}ssonio 2Orpl,e >~ii_ ,i.M.; Farriabvrg, Pa., for oas year froa April 1, 1952, at an a=aal rental of vyo0., ysfnbU in eqval aoathly installssnt. In ad.anoe, nadsr terai and ooaditions thtrsin .K ontj asoh of rhioh On ttotion of )!r. Janes," seoondsd by kr. Sopassll, .as in a11 r.spwts On motion duly ssEa aad eeooad.d,the es.tiag ad}oarned. approted, =ntified anri ooaflised. " . I I n ,
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J r.+ ..c 68 . " 1 f39g, da'ted Maro5. 1952, omering oost of editing tels.isi,on film for spot sd.er- tising of MjRM Cigprs, in the sim of 4118.;. #399, dated lebivnrT 26,'1952, coaering oost for prodoction of spseisl sets for tele.ision ad.ertising of OLD G=Cigarettes during 1952, in tbe su. of =12,000. On notion of }ir. GsnVr, seconded bf ?(r. da.es, it vas casniaoual, . R88OLPED c That tLis Compstp contribute to i'hs Se.lstion /trep, for 1952, ths ssa of -$5W.00. .. On notion duly snde end secooded, the sseting ad3ourned. • Assistent 6ecretsrJ . ;
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Sber.-~rere present !lasers.i H. A. Sent . •R. X. Ganger _ V. J. IIe11ey - 1. ffipevs 11 t . +- . ~. H. Peak J. J. Bl.aalmal1 bold today at the offios of the Co-Usrp, 119 Weat kOth 8treet, Hev Iork City. L. OrsDsr A. Jaaes 'Soda Wool Mr. Lent, President, presided a.arl tbs Beoretary acted as Seoi+tpry of - On s»tion duly se4s and seaoaded, the reading of the iinntss of the tbs Rseting. pre.ions aseting vas dispsnsed Yith. and oonfitmeds - lios Aesidsnts, be and the sar hereby are in a11 rsepsots approved, ratifiad •tation of the Salss Dept. and the e7ao.al of Ibdd Wool aad W. J. Eay1aT, BESOL4zz): That the follo.ina esrplofaents of Sal,essfsa, -vith the wf?or1- of 3% per aamm from said daa, be and the saos hereby is In a].1 aaspsota apyrc,ed, ratified and aonfirssd. - On aotion of Mr. Ha11eJ, s+ooaded by Mr. Jaass, it ws imaa.laoosly, able at said bank nimt,7 (90) da,Ts from said daa," vith intorsst•at the rate proatiasory note erldenoing said debt; bearing daa of April 2, 19s2, and pqP- (=1,WO,000), and in.eneanting an3 dsli.ering in the raas of this CoapaqP its jS Broad Street, Lew, ?ork, 1Cov Zork, in the sua of Ons tiillion Dol3nrs this Capaap,, tLe loan ae3s JarmsrT 3, 1952, from tbtoiaotyrers.Rrust omiguyP, Dariss, 4reasurer of this CasperAY, ia reneving on April 2, 1W, on Lehalf of and eoarireed. ' " on uotion of Mr. BopOWeu, seoo1Msd by Nr. Pee*, it vas aa.aimns7,7 SLSdLVM: ftat the action of V, ,. Lalles, Yioe President; aad o. 0. flran said date, be sad the sars hereby is in ali respsata ayytove7., ratified ninst7-aae (91) dafs from said daa, ritb inarest at the rate of 3~ per s.nnsas evidencing said:debt, bearing date of 15aah 31; 1952, ard =qraDls at asid tsnk affi in executing and delivering in the nams of this CorYarp its praciissorJ note 70 Eroedva7i Ber York, Hw York, in the sm of Ons Y.illion Dollars ($1,000,000), HE&OLVID: 'Rbat the action of V. J. Ea]le7i Yios Ptesidsnty and 0. 0. Dnvies, Y4basa:er of this Cospnny, in rensving on 2Sarch 31, 1952, on behalf of this Conpany, ths loan aadn Deceiber 31, 1951, from Me Eanovwr Eaak,- On'aotion of 1Ir. Hopewell, seooaded br Mr: Peak, it was nnsaiaouslv , . . - .. .. . .. c. , G$ April 2, 1952 A regular aeetisg of the Hnsoutiw Oosiittee of P. Larillmd Co®pan7•cas . . . . ' -- At the rate oSs = ' Zffaotiwt ailbsrt x. HslardinsLli 8iohard a. Du Presus - Robert SMacber . George 8. Aarwman ' yranoes A. Baapson .• Gordon L. Bishop - $50 per vesY 3131~32 _. k .
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this ComPatW, the lonn made December 10, 1951, f•rom the Publio 9ational Bank and Trust Company, 37 Broad Street, Sev York, Iiev 7ork, in the sum of Ons Mil2ion Dol]ars ($1,000,000), and in executing and delivering in the nsms of ~ s CompaET its promissorf note evidencing said debt, bearing date of . ~ Ilarch 10, 1952, and pqyable at said bank ninetJ-one (91) days from said date, vith interest at the rate of 3% per aanua•fYod said date, be and the - ?a On aotion of lfr. Oengsr, seconded by Mr. Hopevell, it yas ""saiaousIX E { psr anntn from said date, be and tbs sam hereby is ia al1 respects approved, ratified and confirrmd. • - ' . 1ll oo totlon of Nr. 0an~;er, seooo.dsd by Mr. Hopevsll, it .as tmanlmously RE3CZPe'Dt Tbat tbe aotion of Y; J•. Bailey, Piae President, and 0. 0. ` DaTies, Treasurer of this Compaqy, in reneving on Narch 24, 1952, on behalf of this Company, the loan aade December 24, 1951, from the Citisens lidelitf Bank & , ~ 'Prust CosQaW, Louisville, Eentucky, in the sus of Ti.e Hundred Thouaand (;500,000), sass hereby is in all respects ayproa.ed,•ratified aA ooufirmed. BESaTFM: Yhst the action of W~ J.•Ha1Lef, Yice Prssident, and 0. O. Da.ies, 1reasurer of this Compenr, in rsneving on Marcb 10, 1952, on behalf of this ConpatV, tas loan made Dsoember 11,•1951, froa the Ouarant7 Trust Compatp of Nov York 140 BroadvaT, Aev York, Aev York, in the sua of Ons Hillion Dollers ($1,000,0001, and in executing and delivering in the name of this CoMara its promissory note evidencing said debt, bearing date of•Narch 10, 1952, and pey- able at said bank ninet7-ow (91) days from said date, rith interest at the rate of 3% per snmm from said date, be and tLs sems hereby is in all resyscts approved, ratified and oonfirmsd. . On sioEion of f5r. Oengsr, seoondnd by i6r. Hopevsll, it vas naantmously •HMSOYM: That the aotion of Y, J. Bailey, Vioe President, aad 0,.0, Da.iee. '1yeaam•er of this CAxwxsa.. in reneviaa on YAroh 20, 1952, on behalf of this Coqpaqy, t6e loan mde-December 24, 1951, from the State Planters Bank & Trust Company, Hicheond, Virginia, in the sm of rite Hundred ihousand (;500,000) Dollars, and in executing and delivering in the naae of this Caapan7 its prom- issorr note evidencing said debt, bearing date of liarch 24, 1952, and payable ~ at said bank ninetf-one daTs from said date, vitb interest at the rate of 3% and in executing and delivering in tLe nams of tbis Campaa7 ite promissorf nots , er.idencing said debt, bearing date of'}tarch 24, 1951, aad ps7able at said bank ainel7r-one (91) days from said date, vitb interest at tbe rate of 3% yer aanm from said 3ate, be and the saas hereby L in all respects appra.ed, ratified and f oonfirmed. Gn sotion of )te. Halley, escoadsd by Mr. GanWr, it vas -.imouslf . •• . r . i, tOiSOL109: 'ibe.t ths folloving employapnts of Salssaen, vith the authoritatioan of the Sales Dept. and the appraval of T.-BApevell an:i I. H. Peak, Vice Presidents, bs and the ae~s hsreby are in all respects approved, ratified and confixsied: hbn tdvard Ro rt ton N: D a •G At the rate of: A60 Psr .roek - 0 =ffective: 3/24/52 'C FA "' ~ f rnon r Hasold Heart • •- 50 " • Benry MscTarland ' 50 rp $obert E. Steiert • 50 04 Dn aaticn of Hr. HaLley, seconded by Hr. Ganger, It vas unan'imausly . .~ •~ . .
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RTSCLVRD: That the employasnt at the Ban Prenoisoo Offioe of Dorothys? ` N. haaier, at a salary at the rate of $55 per veek, effective March 18, 1952, be and the same hereby is in all respects approred, ratified and confi:med. BE60LPED: That the follwing increases in salary of Asst. Di.ision ltanager and Salesaan, each effective March 24, 1952, due to proootion or being Incident to the terms of salary aggreementa or to established salary rate schedules covering vork assignments aad in operatioo of an establiihed plan of sala.ry increases based upon mrit and/or length of ser.ice rithin established rate ranges, be and the same hereby are In all respects approved, ratified and ooafirmed: anaainously . . On motion of ![r.'Ganger, secoflded by Mr. Oruber, it was ,.- Tiom the rate of: ib the rate of: Vil11aa W. Shahan, Jr.. 'W per week 473 per •eek Zdmond R. Joyal 60 ' ' Richard P. Rothernel S0. ' ' SS ~ w •. dt: s,otion cd Mr. Ganger, secontsd by Mr. Oruber, it vaa nmniaouslY - RFB0L4BD: ?hat the folloving increases in salary at ths Louisvilln Branch, effecti.e March 1, 1952, by reason of additional responsibilities and being in- di.idual serit increases in operstion of an establisbad plan of salary increaaes based upon asrit and/or length of ser.ioe vithin established salary rate ranges, be aad the same hereby are in all respeots appro.ed, ratified and oonfiraeds Alssaader J. Cheek - ?rom the rate of: $13,500 per aama To the rate of: #14 500 per aanias Oliver B. Yan Rise 6,7~ • • , 71450 • • sarl T. Sssrs 6,435 ' ' 6,685 , • Ray S•rmers :2:25 r . 4 4 650 . lblrin Reich . , 4,940 , 0 a S, . On notion of Mr. Hopevell, seconrl.ed by }tr. Oruber, the folloving advertising ezpenditiaes, all of vhich are a pert of and vithin the sum of noney authorised by the Board of Directors at a meeting held September 19, 1951, for an ad.er- tising progrem during the year 1952, vere in all respeots approved, ratified and oonfirmsd: - Estimstds of Lnsen & Mitchell, Ino. as follovs: IF392, Supplement A, dated lSaroh 4, 1952, ocovering tele.ision ad.ertbing of OID GOiD Cigarettes (Queen for a Day progrem), over Station UJ-TV, Los Ange]ss, Calif „ April 7 througp July 4, 1952, as therein set out, at a total cost of 435,62 0•; . , f393, dated March 4, 1952, cotiering costs for radio ad.ertising of YaRIRL CiVLrs as an Original Aaate~ Hour hitchhike, January tbrough Y4srah, 1952, ~~~ia set out, in the sun of $271.67; • ~ . . . . • .A f 394, dated March 4, 1952, covering oosts for radio ad*ertising of BHIOCB Pipe' lfixture as an Original Amateur Haur hitchhike, January througb }4srch, 1952, as *1 therein set out, in the sum of $155.24; ,;h #395, dated March 4, 1952, covering costs for radio advertising of /MIR1. Cigsrs;l as an Original Amteur Hovr hitchhike, January 10th and 17th, 1952, In ths sur N of ~77.62; ~ ... ~ . •.: I t
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f t s., _~ 64 At the rate of: sfYrn.oti..: : j . Old Gold ffiranch • lrederick M. Foz 4~ par week n 3 'Q amas amas F. Donnell~. - 7s2 1 -On aotion of 1[r. Eallay, ssoondad by Mr. Hopesroll, it vas ®saimousl,j 1[l40IAID: •?!at the following increases in salary of Salesssn,,eaoh tffeotivs Marcb 17, 1952, dns to prcmotion or being iaoident to the tsrsss of -salary agreeasnta or to establisbsd salary rate schedul.es oosring vork assign- esats end in operation of an establiehed p]aa of saLarf.increases based apon ao-tit anifor length of e+rrics vithin established rate ranges, be and the sas hsrebT ars in all r+spaots apprvvsd, ratified aari ooafirasd: ~- . -- . . . - , . • . 7vot th. rab of: To the rate of: John ?. Gi11 ;ys per veek ~60 psr vsek -'mosias Z. iiilliasy 60  • Jaass Y, Coiasd -- SO •1'6was 8. N*r4T On notion of Mr. Be11eT, seocoded by Mr. Sopeeell, it vas rmaniaoaal, BffiOLPID: 4bat the iacreaas in salary, das to promotion, af Joseph C. Sienast, .mployed at the Bev York Office, irost the rate of $67 per veek, to the rate of a75 per veek, effeotive.Naroh 17,.1952, be aod the sass hereby is in sll respects apyro.ed, ratified aad oonfirflsd. ,_--- -• On motion of Mr. Ganger, secoodedbTilr. Gruber, the following advertising *zpen!l.ihres, all of vhich are a pert of snd vithin the sta of .oney anthorized by the Board of Directors at a aseting bsld September 19, 1951, for an aA.er- tising prograss dsaing the Jesr 1952, vare in all respects approwd, ratified aai oonfirasdt ~ • Publication of the Aamal Beport for 1951 in finaacial nevspspers and .agasines ~ sa shown on insertion scbeduls of Albert Frank-Guenther Iav, Ino., !ev Iork, !. Y., at a cost of $22,127.10; . Zatimstes of Lennen a Mitchell, Ino., as follows: ' ' #397, dated Februarl 29, 1952, coveri~ production of two )~IEL spots for tsle- vision advertising at a cost of =14,5]b.10; . #403, dated Nerch 6, 19T, oorering ad.ertising of 14JRIffi. Cigars in the Querter- ssater Hevlev, )breh thrcngh lonember 1952, as therein set out, at a cost of i1,25os1. . • On .otim duly sede aod seconded, the zeetins adjourneQ. . ~ A-re B.eretar, . O 14 Q - 'Pb ii , I
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Naroh 26, 1952 M ` • • Cos~anF . A regular eeeting of the Zmeoutiw Como<ittse of P. Iaril2ard vas held today at the offioe of the Cospaa7, 119 West kOth Btreet, -1w Torr C1Q/. _ : . Tbere vere present Nessrs.: l(r. Hent, ' President, 8saretarr of the eneting. H. A. rent R. N. OnnBer V. J. Ha]leT i. sopeaell J. J. B]ecksmll • L. 0rpb.r , A, Jsas s c A. F. Vosssasr, Assistant Seo:+terT presided and the Assistant 6eoretar7 acted as .. On motion dnlJ sads And secondsd, the r+adiaH of the aiaiztes of the previous aseting vna dispensed vith. . On motion of Nr. Ganger, seo4aded by Mr. IIoDevell, it ras smealaoos7, ~ .$$SOL9'Ha: That tbe action of V. ,J. $a11aF, 4ioe President, And 0. 0. DaKee, Treasurer of this CoespaqF, in reneving on March 10, 1952 on behalf of this Co~agy, the loan asds DeoemDer 10, 1951, froa the First & lisrehaats •- fatioaal Bank, Richaond, Yiretnia, in the sua of 6aen Hundred Thousand Dollars (#700,000), And in executing and deli.ering in th.i nam of this . Cocpnnf its proniesorT note evidencing said debt, bearing date of Naroh 10, 1952, aad peUable at said bank ninety-oae (91) days frct se.id-date, vith interest at the rite of 3% per a-m frof sai.d date, be and the saas her+bJ.. tL in s.11 respects ayqro.ed, ratified and oonfirmed. . On sotion of Mr. Gengrr, seoonded by Nr. Hopewll, it vas UmsnimmnalF 3CZ80LVSD:- 'lhat the action of V. 7 Hp11eF, Yice Prsid.ent, and 0. 0. Davies, Treasurer of this CoapaqT, in rentrving on Hsroh 10, 1952, on behalf of this ConpasW, the loan siads December 10, 1951, from the Yirginia Trust OoapanF, Richaond, Virginia, in the sum of Two Hsmdted Thouaand Dollars ($200,000), and in eseputing end deli.errng in the name of this CompaqF its pramissory note e.id.encing said debt, bearing date of Yaroh 10, 1952, And pey- able at said bank ninetF-om (91) days from ss.1,d date, vith interest at the aate of 3'j per aamsa from said date, be And the same hereby is ip sll respects spproved, ratified and conilYmed. , On s»tion of Nr. Oaigar, seconded by Mr. Hopevell, it vas uaaniaousl7 8BS0L4M: That the action of V. J. Ha1leT, Vice Rssident, emd 0. 0. Davies, Treasurer of this Compuq7, in =enaving on Maroh 10, 1952, on behalf of this CoManT, the loan made.December 10, 1951, frcn the First ![atianal Bank of Danville, Dan.ille, Virginia, in the sua of One Hundred Thousand Dollars Q (4100,000), aad in ezecuting and delivering in the nams of this Oosgrany ite ~ promissarJ note evidencing said debt, bearing date of Maroh 10, 1952, an3 W pnJable at said bank ninet7-ons•(91) d47s from said date, vith interest at ~ the rate of 3% per annum fram said date, be and the saaa berebF it in all 14 respeats approved, ratified and confirmed. On ention of Mr. banger, seconded by Mr. Hopeoell, it vas oilsniaousl, ~ ~ RLSOLVED: S'hat the action of•W. J. Ha13ay, Vice President, and 0. 0. Davies, Treasurer of this CcrapnnF, in remving on Narch 10, 1952, on behalf of
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~ : . ..._. . . _...._ . . .. I / j- Dsld today at the offioe of the Company, 119 West k0th Street, Nov Zork City. ~ . - - 1ftroh 19. 1952 . 1• s+gular mseting of the Ifteoutiw Coemittee of P. Larillard Company vas There vars preMnt Messrs.: H. A. Sent lt. M. Ganger _ V. J. Halley 1. Hopvell I. H. Peak _ J. J. Blnokmll L. Oruber ibdd Wool !r. Lent, President, presided and the Secretary acted as Seoi+tary of the aseting. On r,otion duly made and esoonded, the reading of the mtnntes of the yre.ious aseting vas dispensed vith. On motion of Hr. Peak, seconded by Mr. Hopeeell, It vas mmnlaonsly 8350L7ED: TEat the yroper officers of this Company are authorized to eseonts and Issue a proxy or pover of attarmy to R. M: GanBar and V, J. Hallef, or either of them, to .ote at the annual.meeting of stockholders of Federel Tin Cospamy to be held March 28, 1952, all of the stook of that Company vhlah this Company 1s entitled to'.ote for the.eleotion of•Ditectqrs.aad for the transaction of such other business as smT properly come before said meting and any adjourn- rnt or sA,yournments thereof. On motion of Mr. Hopevell, seaonded by Mr. Ganger, 1t vaa unanimously ffiSOL7ID: Tbat the action of V. J. Ha1L•7, riu President, and 0. 0. Da.b s, Treasurer of this Company, in borroving on Nsrch 1it, 1952, on behalf of tkb Company from Omrantf Trust Company of Sev York, 140 Hroadva7i Nov York, Bav York, the su' of On• Hillion ($1,000,000) Dollars, and 1n ezeouting and delivering in the nem of this Cospasy its promissory note e.idemizg said debt, bearing said ds.te and psyabls at said bank ninety (90) days froa .ai,3 date, vith interest at the rate of 3% per anaun from said date, be and the sa~e hereby is in all respects approved, ratified s.nd ooufirm•d.- • _ Treasurer of thSs Company, in reneving on March 19, 1952, an behalf of this 'Comparyf, the loan sede December 20, 1951, from The Hev York Trust CaTany, 100 BroadvaT, Nov York, Nov York, in the sua of Ons 1Sillion Dollars ($1,000,000), and in •zeouting saod delivering !n the neme of this Co.patp its promissory nota TW0LtIHD: That the action of V. J. Heilef, Vice President, and 0. 0. Da.Les, hsreby is in all respects approved, tstified an3 coafirmed. On sotion of Mr. Hopevell, secon3ed by Mr. Canger, It vas tn:enimously On aotion of Mr. Hopewell, seconded by Mr. Canger, It vas unanimou3ly , EESOLFSD: That the action of V. J. Halley, Vice President, and 0. 0. Da.i.s, Treasurer of this Company, in reneving on Maroh 13, 1952, on bshnif of ttiis Coapaw, the loan msds D•oember 14, 1951, from Manufacturers Trust Company, 55 Hrosd Street, ssv 7ork, Nov 7ork, in the sua of One Million Dollars ($1,OOO,000), and in ezeoutlaQ am3 dslivering in the nnme of this Company its promissory mote e.idenoing said debt, bearing date of March 13, 1952, and payable at said bank n1m t7 (90) days from tiaid date, vith interest at the rate of 3% per annum from said date, be and thi sama . 11
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63 rridencing esid debt, bearing date of 16aroh 19, 1952, and pnynble at said bank ninety (90) days from said date, vith intei+st at tbe rate of 3% per annum fTOm said dats, be and the sane hereby sa in all respeats apyro.ed, ratified and oonfsrmed. On aoiion of 1r: Hopeysll, esoonded br kr. Ganger, it was tnanieoasly R1ffiOLVSa: 'That the action of V. J. Hallny, piae Prestdent,:and 0. 0. Da.ies, 1veasueer of this Coepnny, in rene.:.ag on lhroh 19, 1952 on behalf of this Coepany, the loan mde Deoember 20, 1:`}-t, fr,. 1hs Sw York Trust Cospany, 100 9roadva7i Nov Zork, Nov York, in tte. sta o.+ O~e Hillion Dollars ($1,000,000), and in exeonting an3 delivering in the -,esr• of this Cospay its yroaissorr note e.idenoing said debt, bearing date of lfaroh 19, 1952, and payable at said bsok ninety (90) days l7rom said date, vith inter.+t at the rate of 3% per anauoa fYom said date, be and the sane hareby is in '11 respsots ayprorsd, ratified and oonfirasd. On m»tion of )br. Hcyev.ll, seconded by kr. Oaager, it vaa naaniaoualY 8ES(H.V•Sa: That tbs action of V. J. Hs11ef, Yioe Prasident,,ana 0. 0. Da.ies, Treassaer of this Compery, in renavina on March 19, 1952, on behalf of this Coapaw, the loan aisde Deoember 20, 1951, frca The Publtn rationrsl Bani and Trust CoQpatp 37 Brosd Street, Bev zork, Ilev iork, in the sua of One I(illion Dollars (41,000,000), and in executing and dslivering in-ths nams of this Caepary its yro.issorJ note e.ideccing said debt, bearing date of 1larch 19, 1952, and pslable at said baak ninety (90) da,Ts froa said date, with inte=e st at the rate of 3% per aanm from said date, be ani the sams hereby is in all respecta appro.ed, ratified s.ad oonfiised. r On motion of Mr. Cenger, seaonded by Mr. Oruber, it raa ®saiaoualT 'RM(E.SID: Tbnt the folloving e.plapaents of Sals®en, vith the anthorisa- tion of the Sales Dept. and the apyra.al of l. Hopevell and I. H. Peak, Vioe Yresidants, be and the sams hereby aie in all r.speots approved, ratified and eocf itned: ---- Lt tLe rate. of:. Zffeoti.e: Jasss T. Bell Viuiaa E. Greenfield - Jack H. aaifpanny Oerald T. Mundy Jsass J, Si.mpson Harr7 B. Young Clayton ]C. Tsufel ~ Doaald H. Utter Joseph H. Veasr 3/17/52 . 0
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... ' ' .. ~ - : .w......n--... .•:+.ro.~w...~ ~. ~ -~O i . . . . _ . . - gSOL?bD: That tbs following esplolmsnts of Salseaen, vith ths aatIIori- sation of ths 8a1ss D.pt, and the approval of V, J. HalleT, and I, H• P.ak, Vioe Preeidents, be assl' ths sasie hrreby ar+ in all r.speots apprond, rstified and oossfirasd: • • At tbs rate ofs SlYsotiw : Riobard D. Allen Jasss B. LeRvs Zug.as J. Routh Robert D. Ison it the rate Dfs Ziitioti.+s Iw 7ork.Offioe Broo. Taylor $53 . pK v..k . 2/15/52 ph rt Esrbe L a .~ . _ .~  ' 3/6/52 ItiYs S.dreaia . &5 ' ' 3/10/52 .osorc. thaiev . - . . ~ . . . fvFpu+ Ot+pe . ~ . . . DorotLV Qelasoo . 53 •   ,Da.13 tsrtin. 35 JoLn EaaAs. - ~ 52 .• • 3/u/52 ; on.d Qo1n Bamh. Jo.. J. MaDon.ln 4s ~ ~ •3/3/52 Eooa]a J, Bsp.a ~8 On mtion of lfr. Peak, seooni.d by ltr.' Hops.ell, it vas tmaaiaoosly --WM0LVkDs Sbat tbs following enploJsshts be and ths saas bs+bP are In all resp+ots appro..d, ratified and ooafi=msd: . . ~ . . , Pater cbrs{eaoslri . .ko . 3,552 ~. Jas;ss B. Ds.•i11s :-- . 60 . ~ 3M/52 • 4'0 per ..ek 3/O/52 . . . . 50   . 50 ?/23/52 - 2/29/5z I 38  T . • •  8S3oQ.4IDs That tho following increases in salarT of Salaasn, .aoh '--' effective hiaroh 10, 1952, being i>nident to the terss of sal.ary agreeseuts or to established salary rats scbsdulde covering work assig>asssts and in opetntioo of aa establieLed plan of salat7 i>zo>bases based upon writ atd/or length of aer.ios rithin establisawd t.te raag+s, be and the ssae hereby are In all. =apsota appro..d, tatified and oonfir.ed: ha~ the rate of :. lb the rate of s. . . •I oil anstas H. Sandsrs $65 per Richard S. Ink 55 ~ Bill P. Rollyeon . 35  •l.is O. Austin ' 50 - phillip V• Sadth ~ ' Osorge J. &ves 45  $70 Psr n..k ~ 60  . 6o  . 55  ' . . 50 Li'
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H On notion of Mr. Salle7i secqndsd by Mr. Oruber, it ne.s vMaiaoualy IM07AID: That the folloving iaoreases in snlxr7, dw to q:caotion or b7 reason of additional responsibilities aad being indivldoal asrit iboreases In operation of an established plan of salary ixreases based upon srrit and/or length of ser.ioe vithin established salsr7 rats raWs, be and the sar hsz+b7 az+ in all respeots appso.ed, ratifisd and oonfirrd: New York Offioe ltobert V, Sspder Yilliaa Andre Daa S. Sperry Froa the rata ofr $8900 per aaas>t 75W - 52. . . . To the rats of: Tmotire s =9k0o per aaa~ ln/32 ~ . . 3A/S2 Ea=u.l }tintxsr 5250 5500 Ms .r Killer I'm • • 4450. . .. . . y Joel Hovard 11w91 . . 7.~y~ . . . Jeaa Castorino 39 per .eek 1 43 pn Mssk 3/10/52 Loais.ille Branoh lYrT A. Jleedaan 163 . . 46 . . 2/29/52 On notion of Mr. Ganger, seoonded by /b•. Oangpr, it tt.a umaiaaasl7 - la;60LYXD: That this Coepany contribute to tbs se. Jers.7 BtAta e.fat7 Ooimoil, for 1952, the sumt of $500.00. . On .otiou of Mr. Peak, seoomled by Mr. BlaoYmll, it oas naaalaotslT 1t7Fi0L4ID: That this Coepsa7 oontributs to (atholio Cbarities of Nov York, for 1952, the emm of $1,000.00. On aotion dnl7 snde and seconded, the abeting ad3oarasd. Assistant 8eorata.r7.
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i ....~., ..r.v.~...~.~.•..r+~ 0 - '58 Zatirnte 96, of I,ennen & liitohell, Zno., dated 7ebruarf 14; 1952, oo.ering ad.ertining of OLD (}OID Cigsrett.s in "Colleg. Store" asgpsine as tberein set out, at a cost of 4523.b2. Sbs=seoretart lsii before the asetin8 the folloving: Lease dated Tebraery 12, 1952, frca Lsplre building, Ino., af Booa 606 Zmpira $uilding, 3nozvill., Tenn., for tvo years fron laroh 1, 1952, at a total rental of $948., paJabla ssonthlT in adranoe, nader tersu and aonditions t2a=ein sst out; vhich Cit.r of lfwr Tora, the sus of ;1,000.00. On notion duly sads sad ssconlad, the sset-ina sdJ-trwd. . Cn notion of ![r. EalleT, seconrlsd bT fEr. Hopsvell, v:s in all respeots appro.ed, ratiried-aui ooeirssd. On s»tion of Mr. Balle7s seoonrled by Mr. Hopewell, it vas unaninousl7 IQ:80L'7XDt Tbat this Coapany oontribute to the Protestant Oounail of the , I Beoretsr, I c . , 2
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1Rrob 12, 19y2: _ ..• ie•gnlar assetiag of the Izsoutive Cossaittee of.P. 7orilLsrd Company vas held today at the offioe of the CoaTarq, 119 West k0t2s Stret, IIen Iork City. . • Shase vere present l9essrs.s H..l. Sent " ~ 8. H. OanBer . .. V, J. Ha1LeT 7. Hopeve 11 _ . . : r . I. H. Peak - J. J. B.laolmall ' L. Orcaer . , A: Jasss - A. 7. Voessner, Assistant Seoretssf . . . .... flr. Eent, President, presided and the Assistant Seoretar7 acted as Escs.tery of the aeetlisg. . On notlon duly mds and seconded, t2ie reading of the stiss+.tes of the yte.toua s»sting vas dispensed vith. . ~ On atotion of kr. Oanger, seconded by kr. Hapr.ell, 1t vas.unaanimous]y 8M0LP=s That the action of V. J. Hs11eJ, 71e. President, and 0. 0. Davies, Treasurer of this Ccapany, in reneving on /aroh 12, 19.52, on behalf of tlzi s Cozspary, the loan sade Deceuber 13, 1951, Pr'o: Mis Eano°rer £,ank, 70 Rroadvaw, IIsv York, Eer Zork, in the sun of One )Iillion Dollars ($1,000,000), and in executing and delivering in the neam of this Company its yrosissor7 ots e.idencing sa13 debt, bearing date of Ffsroh 12, 1952, and pa"bls at .aid bank nimty (90) dals fro said date, vit3s intereet at the rats of 3% pr aaasn- fros said date, be and the aaae hsreby is in all respects approved, ratified and oossfir'sd. Yx. Peak presented to the seeting an agtsenAnt evidenced by lstter datsd Jeavary 30, 1952, executed by hia on behalf of this Company and agreed to aad aowpted by the City of Da.nrllle by B. 7. Adkins, Buparintend.ent, Ligst and poasr, vherebT this CowpsjVr granted peraission to the City of Danville to mstall guy Ks+s on and osr Company property an3 to oounsot tbea'to the fire valls of Ball 'A' Stong+ Varehouse, in connection vith th6 oonstruotion by the City of a tiaaarleeion lias and guy wires along and on CoatanT Dropsrtb fronting on Induatrial Avenue in DanrilU, said agrseaent yroviding, aaona other things, that the City vill indeamiiJ and save haraLsss this Costoasy fYoa al.l olaims for dasag+s to person or property of this Company and of auy otJ,er person, and being sub3ect to,terssimtian by this CosUo.su on ninsty (90) days' notioe to the City of DeariZls, all as more fully appears therefroa, me:.vpon, after full dieonsfon,. ,. . On siotion of lEr. Ja.es, s.oonded by !(r. Hoprwll, it rss tmnniaousl,. - 1tlS0EM: That the said agr.e.ent between this Company asyd the •City of Dan.ille eri.denced by letter Gatcd January 30, 1952, uhich has been ys+sented aad read to this aneting, snd the execution thei+of by I. H. Peak, Yioa O President, on behalf of this Oaqpsny, be and ths sastis is hereby approved, 4h i+tified and cosfirras in all rospeots, and the proper Offioers of the w Company are hereby authorized and d.ireated to do an7 and all things thzt ny be nsoesearJ or advisable to perfora the teras of said agreemsnt. ~ On atot.ion of 14t. Peak, M6Cndld by lEr. HOpewll, it vaa unanitOns~ ~! Q
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- _ lisrcb 5, '1952 A regular meting of the Ezeoutis Comittes of P. Lorillard CoIIpaay .aa bsld today at the offios of the Conpny, 119 Ysst kOth Street, Ife* York City. I. 8. Peak J. J. Blaoknall L: Oraber A. Jsass SoBd Wool Mr. =ent, President, presided aad the tsa,rssting. S.or+tary aoted as Bsoretar7 of On atotion duly asde and seoonrl.d, the rsading of tLa'aiautes•of tLe prsvions swting vas dispensed vith. Oa aotiori of Mr. Hopsvsll, ssoanded by Mr. Yrak, it vas unaniaouslP i RtBOLVVRa: Tbat the action of I. E, Peak, •ios A+sident, aaa 0. 0. Da.ias, Treasurer of this Coapnty, in borro*irg on TobrsarP 28, 1952, on behalf of this Con2ayr, fros )ht-sfaoturers Trust Coepany, 55 Eread Street, rev York, tev York, the su= af Ons Killion Dollars ($1,000,000), and in executing and delivering in the nsss of tM s Cc.[psqy its Droxissory nots s.idenoirg said debt, bearing caid date end pnJabls at said bank niaetJ (90) days fros said date, with interest at the rate of 3% per santa'froa said dat., be and the sass Lsseby is in all raspeots aPpro.ed, ratified aad oonfirned. OS s»ti,os of Mr. Hopswll, a.ooadsd W Mr. Peak, it was ananiaouslJ RZ'SdLTEDt ihat the action of V. J. Ea11sI, 9i.os President, and 0. O. Dariss, RTosstiasr of this CoapanP, in rsnering on lebruarf 28, 1952, on behalf of this Cospatt7, the loan seds RoTesbsr 30, 1951, fraet Kational Citf Bank of Zsir Iork, klst Street and Broa.dvaT, Hew York, 3w Iork, in the svs of On. Hillion Dollars (vl,OOO,OOO), and in executing and deliveringin the ufr of this Cosg+aaT its promissory note tridsnoing said debt, bearing date of Tebruarl 28, 1952, and payable at said baak nimtY (90) days from aia date, vith intoi.st at the rate of 3% per aanwm fTon said date, be and the ssms hereby i• in all rsspsota approval, ratified and ooafiraedl on aiotion of Mr. Hopewll, ssooccied lr Mr. Peak, it vas umanioouslP asfl aonfitsasd. - --8ffi0L4m: That tLe action of V. J. HalleT, Vioe Presidsnt, and O. O. Da.iss, Trsasurer of this Conpsn7, in reneving on Yaro:3 k, 1952, oa behalf of this Ca.ha:p, the loan mda Deoeabar 5, 1951, fron Ths Bqnlo~rs Trust Ccspany, 1,6 Vall Street, &.v York, Rer York, in the sum of Ons tiillion Dollars (=1,000,000), and in ezeouting and delivering in the naas of this Coupaay its PrcuissorP note arid+snoing said debt, bearing lsts of Ltarob k, 1952, and Fa7abls at said bank ainstT (90) days froa said date, with inter+st at the rate of 3% per anntv iYoss said date, bs'sad the saas hereby is in all respsots apprawd, i.titlad ~ . 0a aotion of Mr. P.ak, ssooodsd by Mr.0angsr, it vaa unaniaousi,I ]CiSOLV1D: That the following ssplofsmints of Salessen, vitb the antborisalim ~ tMra tlbrO present )Sl.srs.: $. A. LCnt '- a. H. Onag.r ~ .. _' V , J. Tallsy 7. HaDev.ll : L El
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E V U of the Sales Dept. and Presidents, be and-ths oonfirsdt the approval of Todd Wool and I. R. feak, 7ioe "5? sass hereby are in all respeots approTed, tatified and Yi711aa J. flrinsr Milton Jones Jsroos 1. Sall.rson - Viuiaa L. Sharp Ansa ifaSay Davis Itobert s. Tires At tbs rata ofs • Zff.otint .j5U p.r .eek .. .. 50 . . _ 50 SC ~ k3 ' -• 3/3/52 On stotion of ltr. Peak, seoondsd by !tr. Ginger, it vas caaniaonsl7 lQSOLPID: 'lbat the folloviag eaplo•inents be and ths sas hereby are In all respsots appro.ed, rrtified aad confirssd: Old Gold Bianch - Victor Sa11nioh . . • '~ Yhitlvok Branch aafaoai a. Z]linger lt tLe rats of: Zffeoti.ot $48 psr ve.k 2/27/~2 43 ' Bev York Offioe Sophis Ehbick 53 risry nood 47 •iole. Eamilton 80 Ame Moore h2 I)ebornh Iaddln 40 )6r7 Anns Loeffler 35 . . . .  .. . . . . 3/3/52 2/27/52 . 3/3/52 . On aotion of Mr. Hoparoll, seooaded by 16•. fhnger, it vas uaaniaouslY RESOLPED: nat the fo7loving lnareases in salary of Saleewn, each Kfectiv. lSarch 3, 1952, dne to pro•sotion or being incidsnt to the terns of salary agreements or to establishod salart rate sohadules oo.erirg vork usignmsnta and in operation of an established plan of salarf inoreases based upon merit an3/or length of serrioe vithin establiahed rats randes, be and the sams hereby are in all respects approved, ratified and oontirmsdt ?roa the rate of: To the rate ofs Joaph L. Linton $60 per veek -Milfred E. Brunel3.e 50 • • Nelson C. Scott, Jr. 50 Trank R. Yelioogna 50 •ihomas D. Ca.anaugh 45 BoT Y. snopp ;S Joseph B. Paxton 45 0uy J. Shermn 45 Qro.er C. Wood, Jr. 43 . On swtion of Mr. Peak, seconded by 14. Jass, the folloving sdsrtisinQ ezpendittae, vhich is a part of and vithin the nm of aonsf authoriied by the Board of Direotors at a tiseting held September 19, 1951, for an ad.ar- tising progrea during the year 1952, vas in all respects approved, ratified and confirmed: i
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•~-~--,----_--_ _ _ . . ~ ~ - - --- - - ~- -- - - - = -=- = :- ~ ~ ~ =~. _ :. _ . ? :s4 At the rats of: IYYeoti": E111 J. Soarborongh ~-oaraat B. Btsatten Jr. per w+k ~ ~ 2/n/72 50 , fiotor P. Vinoi  . . 50 Jeroras 1[. Weies Joe L Bryant . . . . •5 . Cbarlss 7. Diokanson . . . • 45 Uilliaa 7. lic3eMa . . . .,;5 . . . Eobert B. Olson 43 . . . John W. Heotemrald ' ;3 On motion of )tr. Oaagsr, seoand.d by Mr. Jeass, It vas ~~~~~"..~..Y._.._,. ~.. . E'LBOL9ID: 'lhat tbt folloving esplofaents bs and the saas Lsi+b7 sre Sn all respeots aPpro.ed, ratified and ooafirsad: . j. Ionis.ilL Brenoh Jobn J. Iwhnsnn vi]liaa T. Ransdell ~ Zer Iork Offioe , deraldios Dorsey aoT Saassn - lo.ea.ry sbelle7 At tbe rats oft ~ . . . eae.niaously tfriotive t ~y3 psr Msek 2/15/52 36 . . • ' . ~ 2/18/5: 3~3 •. ' 2%n%~ Cn aotion of ltr. Ba11eT, seoonded by llr. Eopevsll, it vas :meniaovsl7 R7SOLTID: That the follaring inareases in sale:r7 of Division )rsna8.r aad Bnl.eeaen, eacd effeotire 7ebsuarJ 25, 1952, dos to yrosiotion or being ° inaident to the terns of sn]ar7 n~eernts or to establiabed salary rate soDedolss co.eriag vork assigurnta and in operation of an establisbsd plan of salary increases based upoa sgrit and/or length of service •ithia estzblisbed rate ranges, be sad the saas bereby are in all respeots appro.ed, ratified and aonfir,~.dr • 7roa the rats of: To the rits of: ` Eiobard 8trsnahnn $73 per .eek Dorrell H. Crsadl,er - n . . $83 per .osk 60 . . ' -7aaes 8: Eaydsn ,n . . 60 . . ' et:nlsy sal.oe»n .n . . 60 . . . u . . . • . _ Smdth arnldins M 60 . / . . '.~, . . . . 1M1.i.n J. Zoff 60 On aotion of 1lr.8a11.y, seoonded by Mr. Eopewll, it vas aaaniaonslf ~ BESOLQID:•That ths folloving inareases in salary at the Iev York Offioe, •f'fioti.r 1Sarah 3, 1952, dne to prosotion, be aad tLs sas Lar+b7 are in all raspeots apy:w.ed, ratified and oonfiissds s ` 7ran the rats of: To the rate of: ,. , Arthur De Luoa =laine Yetsrson ~ . . 50.. . On notion of 1lr. HopeYell, seoonded by rir.l}rnbsr, the folloving ad.ortisina ezDsndiha•es, all of vhioh are a pnrt of and vithin the sun of aonet a,nthorir.ed by the Board of Directors at a seetiag bald Sept.aber 19, 19510 for an adnrtisina . . ~ $43 Per wek $52 p.r wek 0 (1 ,
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- - -~.,-------~-All" ~~55 program dcarina tbs 7ear 1952, v.r+ in all respects ayprond, ratified aad oon- firsat • Sstiartes of Lsnnsn i ttitohsll, Ino., as follorss #337, Revision 1, dated Jarmary 30, 195', oobrin8 television advertising of ' OID O= Cigsivtt9s o.sr Aasrican Eroedcasting.TsUvision E.t.ork ('Stoy the Muio' progtas), lfs,T 31, 1951 thrvu,h April.2k, 1952, at a total oost of $1,353,600.%, rsdnoing the aaount oharsed to the 1952 budg.t froa W9,911.76 to W1,751.76s f361, Retision 1, dated Janmry 29,"1952, oosring television ad..rtising of CMA OCQD Cigsrettes om Eational Proedoasting Coz.pany Television nstwork (briginal Amteur Soia' prograa), Ootober 2, 1951 througs 6aptOnbnr 23, 1952, at a total cost of $2 397,10.9.85, reducing the asrouat charged to tLs.1952 DaG®st froa 42,127,82#.56 to 41,81k,689.42f #369, B..ision 1, Bappla2ant A, dated 7sbrsary 11, 1912, oo..ring advertising of OID dOID Cigarettes in Ns.roh 17, 1952 issvs of "Am,rioan Druggist,' at a eost of =799.57; • ' f3n, suppleaent A, dated T'abrvarf S, 1952, covering adaitionel oost of ad..r- tising om GOID Cigwstt.s in Jsms 1952 isaa of 'vomnn's.Day,' in the sna of 4W .SQ. on aotion of )tr. Qaagsr, seooni.d by 15r. Ho"ll, it ttsa ZmmiaonslY RISCL'FIN That this Ca.paryT oontribnte to the IIe* Zork City Canoor Coaaitte. of the Americen Canosr BoaietJ the sos of $500.00. I On .otion duly sa3e aad seoondsQ, the cseting adsourmd. • r--~ 1eve daoratsrT. s I
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. 7ebrvnrJ 27, 19~2 53. . A regalar aseting of the Hnsonti.e Committee of P. LorilLard OcspaayVas beld tode.f at the offios of tLs Cospaa,, 119 Yest kOta Stswt, Hev iork City. ibr" r.re pressnt 1Mssrs.i H. A. Xent " ]t. M. Oea,ger V.' J. Balls7 l. Hopewll I. H. Peak L. Qrnber .4. Jaars - Todd Wool r ,.. :. . . . . _ ~ Itr. Ssnt, President, presided sad the Secretary acted aa.Ssor+tarl of the aseting. On >totion duly se3e aad s.oosd.d, the reading of ttie aiaabs of tLs V"dous 'eeting vsa dispensed vith. . OAS aotion of Ilt. Hapswll, ssoonisd by lft. Oam.r, it was 1maniaoasly ltlSOIAEDs 'mat the action of C. 0. Davies, iressza+r, and 7. H. Veiske, Assistant n+aau3er of this Cotpnny, in reasving on lebrmr7 25, 1W, on be- Lalf of this Cospnryy, the loan sads F7osaber 26, 1951, frca 4'3s Sev York Trust Company, 100 Broad.q, Aer York, beo York, in the cu-a of Oms Hillion Dollars (=1,oO0,000), and in executing aad delivering in the anms of this CoapaqT its Iaroaissory note sridenaing caid debt, bearing Z'ate of sebrmi7 215, 1952, and ys,fabls at said bank ninotr-oas (91) days fYcn said data, vith interest at the late of ' A$ per annm fTCaa said dat., be aad tbs rsss Derob7. L in all respects syproved, ratified, and oonfi:ved. - ' On .otion of Hr. Hope.all, seoondsd by W. Oanger, it vas n=niaoaslj ffiSOLPMs That the action of 0. 0. Da.iss, R4.asurer, and l. H.. Veisbs, Assistant Tiossurer of this CoapsaT, in reraving on Yebroary 27, 1952, on be- of this CaspauW, the loan mads So.eeber 29, 1951, frow 4b Chesinal Bank and Trust Comyasy, 163 SroadvaT, Ba. York, IIe+[ York, .in tas ems of Ons kiillion Dollars 41,000,000), and in essanting and delivering in the nses of this Coipaty its yronissort note evidencing eaid eabt, beari.na Cate of Tebriasry 27, 1952, and paJablo at said be.n.k ninety (90) days froa said dats, .ith intet.st <3 Ij I at the sate of 3% par anaus froa saiQ date, be aad ths sas !s=.bi is in a11 respects approved, ratified and oonfi:med. - , On .otion of 3Er. Caniar, seooad.d by )ti'. Jaaa, it vas smsnlaoaslT RZSCLVEDs That the following esPlonsnta of Salessa, vith the ant2wri- fation ad the Sales Dept. and the apprcr.al of T. Hopevell e.nd I. H. Peak, Vio. Presidents, be and the ssas bel+bl are in all respects apyiwwd, ratified aoi oanfiimsds el
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' i . - +..r. ~ . . ~ ....... ~.a: ,, -, - _ - . .- . . ~ - - - A regular o.eting of the Bzeoutite Cas=ittee of P. Lorillard Coeipary vas held today at the offioe of the Compniq, 119 West hoth Street, 8ow York City. Shre=e f ers preseQt lisssrr.s H. A. Zent Y, J. Hallsl P. Hopevell L. druber A. Jams .. ' TodQ Wool l Mr. Sent, President, presided and the Secretary acted as Secretary of the a.eting. On mtion duly sade and seoonded, the reading of the ainutes of the yre.ious aretina uaa dispenssd with. G1:wation of Mr. OruDer, seoonded by !r. Jeass, it was uaani.ously 2hat the folloving emploF.ents of Salesmen, with the authoriza- tloa of tbs Sales Dept. and the aypro.nl of Todd Wool and F. Bopewell, Vioe Presidrata, be and the sams hereby are in all respects approved, ratified and eonfirasd: At the rate of: Zffeoti.e: / Ra„d•» D. Barnsr $45 Ltrk Fovler, Jr. 60 psr veek . . Charles B. Broirn - 50 ' {leds B. Carter 50 • S'bowas J. Dannher 50 • Jack =. Gentry 50 • Allaa K. Morris 50 • Zarl B. Parker 50 • lCerrin Scbles 50 ~ On notlon of Mr. Crnber, ssoonded by 1tr. Jams, it vas unanimusiJ ffiS"=i Os.t the folloring eaplopments be and the is s11 l+spects ayprored, ratified and oonfirned: Besearoh Dept. Tid A. Anderson , zoni,.ils,s amnch Aroaud J. Raasinier Baanel Y, Zi-iad DEnrille Ieaf Dept. Juns T. 611bert Doris A. vilkinson O. Franoes Wright Dvight 8, Lhle Nw York Offiw L 112.50 per week . . 36 ~ . . aame hereDy are Effectire: . . 1.~T/52 Eoses+ary Akel h0 per week Dorot2y Zsll,F 52 • . At the rate -of : Psr T.brusry 20, 1952 aaaua / . 55 per week 55 ' ' 36 1/23/52 2/11 //52 s 0 [fi
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51 At the rats of: lYfeotl.e: reri Londmr• lranoes Rothsndler Rqth fiovltT ada Hrrmades ~hk per veek 2/11/52 . . . 8 3 35 ' ' .. 38 2/13/52 2/1k/52 On s»tion of Kr. Hopevell, seoonded by kr. BalleT, it ras unanimously RE80L=: That the follovingt~creases in salary of Salosasn, each effeoti.e February 18, 1952, being incident to the terns of salary agreesents or to established salary rate schedules co.ering vork assias.vsnts and in operation of an established plan of salary increases baaed upon mrit sisd/or length of service vithin established rate ranses, be and the same hereb7 are in all respeots appro.ed, ratified and oonf irmdt lrc. tbs rate of: Rb the rate ofi - OnL 8. Barbour $50 per vesk $55 per veek Patrick D. lidloneT 50 John a. lisJ+r 45 ~ - - 50 On srotion of Mr. Hopevell, seconr]sd by 1hr. Sall.eT, It vas unsniaously BiSOLY1C1: That the folloving inoieases in salary at the Hev Tork Off ioe, dae to promotion or by reason of additional responsibilities and being indi- ridual mrit increases in operation of an established plan of salary inorsases based upon eerit and/or length of ser.ice vithin established salar7 rate ranges, be aad the eans hereby are in all respeats appro.ed, ratifisd aad conf iraad: 7roa the sats of: To the rate of: =ffeotits: Earold A. SLrrrer M per vi+.k #5120 per annum 2/11/52 William DuffJ John Paebert k3 . . ~ p~' ve ek 2/18/52 Villiam SearneT kp - - 43 • - . . Josephine Curtis 38 ' . ' 113 .  - - ' )brra ilsen 35 - Blanohe Hilderbremd 42 ' T 3  . . ~ Ybs Secreta" laid before ths meeting ths folloving: / ~ ,Contraot dated Tebruar7 k, 1952 vith Gulf Oil Corporation for requireaents jof lubrioating oils and greases at the Iezington, Ky. plant of the Company, lfor obs Jear fYou Janssarr 1, 1952, under terms and ooaditions therein set out; I Lease dated January 29, 1952, frota Ths H1:tton Settlement, Inc., of Booa 426 Hatton Bldg., Spokane, Wash., for one year from Hsroh 1, 1952, at an annual rental of $363., pafable in equal monthly instal].ments in advance, und.er terw and ooaditim s therein set out; i . ~ Lease dated FebruarT 1, 1952, 2ros 1Jnion 7rust & Deposit Compaqf, Agent, of 'Dh Roots 515 Union Trust Bldg., Yarberaburg, West Virginia, for otis year froa (.~ )Isrch 1, 1952, at an annual rental of $312., payable in equal monthly install- ~ asnts in advaace, under terms anS oon=ions therein set out, each of vhioh ~ On aotion of Mr. Halley, seoonded by 1lr. James, vas in all raspsots U1 i
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r, ~ At the rate of: Zffeoti..t Joseph E, Gallagher $65 psr veek 2/u/32 L1oId C. Ooa2rey •60 ' -- : • . . ~Jenns T. Denh~ .50 . . . BT1.ia 6a1e Robsrt H. Qrows So ~ 30 ~ :. HenrT =. Johnson Sp r . Albert J. YeaIeod Sp '' . B11vio J. Aseoal So A . . Hnbsrt 8hslley Rosessry Spsnosr . So ' w . 50 . Jaass 0. slliagson k3 • . . Yilliaa L. Li{btfoot . ~ Itiobael A. )srsiglis Tas.s L: Bmdth , On motion od Ir. Psak, seoon3.d bT Mr. Eopevell, it vas :maaiaoasi, R=SOL4EDf That the following esploynents be and the seas bsreb7 are in all l+spsots approsd, ratified and oonfirmsd: ' Ivais.ills Bz•saah Albert C. Volf . 8#a h•nnoisoo Cftioe /fartba D. A1tss Io. York Office Cetbrias Ipaby J. Orahna )tm tang?t Stanley 6brsats =d.ard rI 1 " *•tin • Josa Bsids - • teausth Snhaefer Oa motioq of )tr. Hs11eT, At the rate of: 433 per veek fff+sotin: 2/Z/52 , SS ~ ' 2/6/52 . . ~ . . 2/5/52 2/6/52 B/7/52 2/11/52 swondsd by Mr. Qrab.r, it ras unaniaonsly R150L7IDt 'isst the following inoreass In salary of SaL sssn,.esoh ' affsotira.Yobruarf 11, 1952, being iaaidnnt to the tsras of salary agressnts or to establiabea nalar7-raft sobldalss oovarina rork assigxsants an<i in opera- tion of an establishad plan of salary imrseees based upon writ and/or length of ssrvios pithin established rate rangss, be and the sew horeby are in all lerpeots apyravsd, ratified and•oonfirssd: • Troa the rab of: To the rate of: John R. Hreoht '-. 450 per wek -4" psr wek 1Yanois J. Yolito JaoY D. Ls.eLrr • ?0 ~ ~ . 50 ~ ~ On aotion of Mr. GrUber, saooaded by Mr. Sopsvsll, the folloving advertising arpsn3itur., vhioh is a part of s:id vithin the sms of s»neT suthorised by the Doard of Direotors for an advertising progrsa vith respect to the year 1951 at metins Lsld October 18, 1950, and 8epteabsr 19, 1951, aad vith respsot to the year 1932 at a ssseting hsld Septeaber 19, 1931, vas in all raspeots approwd, satif ied and oonf irmsd: Zstiaate #390 of L.nasn i)IitoLsll, Im:, dated Janciary 23, 1952, oosring ts8ls advsrtising of OI1J aOID Cipprstte (Queen for a Day progiaa), o.er the I i c ~ ~ ~ V
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Hutual Broadoastiag STstem, Deossbsr 31, 1951 throngh Deoae.bsr 26, 1952, as thsrein ..t out, at a tflta]l oost of $772,k59.69, o2 rhioh 0,429.53 is to be obarged to the 1951 edartising buGg+t and. $769,030•16 to 'f3u 1952 adsrtisiag budget. 49•
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-46 YLs Secretary laia before the neeting the folloving: Renaeval dated February 5, 1952 of contreat vith Dun & Bradatreety Inc., for subecription to oover book sar.ibe and reports for the Rev York Office at the Compnny for one year from Harch 1, 1952, at a cost of $7,950.; Renewal dated February 5, 1952 of contract vith Dun & Biedstreet, Ino., for subscription to cover book serrice and reports for the San Franc4eco Office of the CompatyF for one year from He.rch 1, 1952, at a cost of $360.; Iztension of lease from fu71na^ Brotmrs, Inc.'(?. V. Diokinson, Agent), of building knovn as Dickinson Tobacco Warehouse in Readetovn, Wis., for a fvrther term of one year from January 1, 1952, at a total xe ntal of $1,000., undsr terms and oonditions therein set out; Lease dated December 12, 1951, from Randall H. Bagner e.nd Company, Inc., Rashingtop, D. C., of Roo® 5-B Radio Building, Arlington, Ya., for one year from February 1, 1952, at an annual rental of $600., pq7able in eQua1 aionth3y installments in advance, nnder terms aad ooalitions tLerein set out; Leaae dated JammrF 15, 1952 from Jas:a. I. Beeringer, of Boom 301, Bearinger Bldg., 8aginav, Hich., for one year from March 1, 1952, at an annual rental of =900., payable smath7y in n3.anoe, under terms and oonditions therein set out; tztension of lease dated February 50 1951 from Philip Zeitlin and Sam 6ehner.an (The Frederick R. Rose Iarestment Co., Agent), of Boom 214 Denham Bldg., Denver, Colo., for one year from February 1, 1952, at an annual rental of $810., pay- able monthly in advance, :mder terms and coni3iona therein set out; fl
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•.,. _ TabroarT 13, 1952 447 A regular mseting of the Iasouti.e Cosstittee of P. Lorillard CasyaW vas bsld today at the offioe of the Caspany, 119 Yest WtA Str.et, 109 York City. 'rbar+ rers present Nsssrs.: S. A. Lsnt - ' • ( . • • • Y. J. Lalle7 ,- T. Bopsv.ll . -- ' I. S. Peak . • J. J. Blaokasll . , _ --1.. OrIIDer - . . . - A. Jaass A. T. Wosssner, Assistent S.or•tes7- Mr. Sant, President, presided and t6e Aasistant SeoretnrT aot.d as Secretary of the eseting. on notion duly ssda and seooud:d, the reading of th: MSnatas of the predous rating vaa dispensed with. On notion of Kr. Sopavell, seoondnd by ltr. Jases, it vas -iaonslT I lt350L4ED: Ybat the aotion of 0. 0. Da.iss, S`i+asuz+r, and T. S. Wsisb, Assistant 4reasurar of this Coeparu, in borrwing on )sbruAr7 11, 1952, on bshalf of this Conpa..nJ frca ihs Chase Natioaal Fa<nk, 18 Pine Btreet, New Iork, S.v York, the am of One Killion Dollars (v1,000,000), and in euoatirg aad dsli..ring in the neas of this Coi,aV its promissory note a.idDnoi.ng said debt, bearing said date and payabls at said bank ninetf-ons (91)'days froa said data, vith interest at tbs rata of 3¢ per ann= f:oa said data, be aad the sam hereby is in all respects appro.ed, ratified and oonfirasd. On'awtion of 14r. Sopawll, seoond.d by Mr. Jeass, it was unsainnsly • _ RL4CIIRIM: TLnt tne aotion of 0. 0. Da.iss, Treasurer, aad T. S. Veiskr, Assistant Treasurer of this CompanJ, in renaring on 7ebroarf 7, 1952, on b.- half of this CoapanT, the loan ande No.sbar 9, 1951 from =Is Chase Eatioral Baak, 18 Pins Stseet, Nov Zork, Nev York, in the na of One Niilioa Dollars ($1,000,000), cutd in exeouting and dslisring in the nass'of this C.oapany its ~ proaissor)r note e.idenoing said dsbt, bearing date of Yebrtar,t 7, 1952, and paJable at said bank ninety (90) days from said date, vith interest at the -rata of 3¢ per aaauK from said date, be sad the ssas hereby is in all respsota approved, ratified and oonff.z'sd. . On srotion of Kr. Sopsvsll, s+oondsd by Mr. Jaas s, it .as unmniaously ~ SESOLPID: That the aation of 0. 0. Da.ies, Tieanavr, acd T. S. Ueisk., Assistant Treasurer of this CrnrpanT, in renewing on 7ebroary ll, 1gs2, on be- balf of this Cospanf, the loan asds Fo.eaber 13, 1951, ir.a 7ha C.narantT c. _ El i I $ust CoQpan/ of Nav York, 140 Broadvay, te. York, Nsv York, in the sun of Ons Hillion Dollars ($1,000,000), and in executing sad daliwring in the nar of this Company its promissory note evid.naing said dsbt, batring data of T'ebruar7 u, 1W, and payable at said bank ninaty-om (91) daTs f~ron saia Q date, vith interast at the rata Qf 3$ per annua from saiA data, be and the ~ saas hereby is in all respects apyrowd, ratlfisd and oonfirssd. .. On motion of Mr. Peak, saoooead by Mr. Hopsvrll, it vas amaisons7y Bl60LVLD: That tbs folloving evplofssnts of Sslsarn, ritb the satbori-'A satioc of the Salss Dept and the appro.al of V. J. Ba1Lq an'S I. S, Psak, (7) •ioe Prasidents, be and the sams hereby are in all respects approved, ratirieN and oonfirned: :
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1 .7ebruary 6, 19)2 A regular meting of the Sxsouti.e Comaittee of P. Lorillard Compatp vas Lsld today at the offioe of the Caapaw," 119 West L(1th Street, Hev Tork Cit,y, Qs J, Ba71Ay I.H.Peak J. J. Blaoknsll : L. Oruber A. Jamss A. 7. Yoessn&r, Assistant Seoretary 1r. bent, President, presided and the Assistant SecretarT acted as 8eoretery of the meeting. On motion duly aede and seoonded, the reading of the minutes of the previous aseting vas dispensed vith. On notionof Mr. Peak, seoonded by Mr. Oruber, it vaa uneaimous]J bSOL'Pffi: 'mat tbe action of V. J, Ha11e7, Vice PTesident, and 1, H. Veisbe, Assistant Treasurer, in reneving on Jaauary 31, 1952, on behalf of this Company, the loan s!Lde November 2, 1951, from Ils Hanover Bank, 70 Sroedvay, Hev Tork,-fUv Tork; in the sum of One Million Dollars ($1,000,000), and in executing and dalivering in the mme of this Ccmpan7 its promissory note e.i- dencing said debt, bearing date of January 31, 1952, and payable at said bank nimty (90) dnTs from said date, vith interest at the rate of 3% per e.nnum from said date, be and the same hereby is in all respects approved, ratified s,Od Confirmd. - . Oa's»ticn of Mr. Peak, seconded by Mr. Ornber, it vas uaanfmusly BESOLVHD: That the action of 0. 0. Davies, Treasurer, aai 7, H. S/eiske, Assistant Treasurer of this Company, in renaviag on February 5, 1952, on behalf of this CoaparT, the loan made November 7, 1951, from The Hanufactirers Trust CompaW,-55 Broad Street, Hev Torlr, Nev Iork, in the sum of One Million Dollars '($1,000,000), and in executing and delivering in the nuas of this Compary its promissory note evidencing said debt, bearing date af February 5, 1952, and payable at said bank ninoty (90) days fron said date, vith intete st at the rate of 3% per aanum from said date, be and the same hereby is in all respects approved, ratified amd oonfirmr+d. - On aotion of Ilr. Halley,-seoonded tp Mr. (7ruber, it vas nnaaimouely ffi80LPHa: That,the following emplayments of SaLesmen, vith the authoritation of the Sales Dept. and the approval of Si. J. Halley avl I. H. Peak, Yioe Presidents, be and the same hereby are in all respects ayproved, ratified and confirmed: At the rate of: Zfiecti.e: Clifford L. Lsrkey Cnssie Nartin Raymon<1 H. Neyer ffark-R: Eeevsan . . • Charles 7. Plomtidge flartin B. Yeiss Joel V, Chnndler .Darrell D. Bebik James E. Williams i •-c- 'tbere vsre present Mssers.: H. A. Lent $~ yer eeek 2/4/52 50 . e e . . . . s e 50 50 50 . . . 145 . . . }5 . - . ~5 . e . . n -a
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V -- ~ On motion ot Mr. Ha11eF, seconded by Mr. Oraber, it vas umnimauslF . 45 •'R88.OL9ZD: That the folloving emploFmente be end ths saae hereby are In all respeots approved, ratified and confirmed: . , •- ,-01d Oold Branoh Thwes =, Nolan ' At the rate ofi lfteoti.e: 55000 per annuis ` _ 2/%/52 Louis.ills Eranoh itary Ann Booker : _ 37 per week 1/25/52 . - . ' . r. .. - H.ev York Office Roeooe Hunt 1/28/52 Louise SA11r1an 45 • • 1/29/52 Leonard Barbiero - 35   1/31/52 ?renk Iang, Jr. 35 •  1;2 • Gisels Soldinger kO   2/4/52 r On notion of Mr. Oruber, seconded by Mr. Peak, it vas nnsnlaouslJ • IlESOL4ID: Thet the folloving inoroases in salarF of Dirieton Manager, Assiatant Division Manager, end 6aleemen, each effective FebruarT 4, 1952, due to promotion or being incident to the terms of salary agreements or to establishsd salarF rate sohedules covering vork asaignments end in operation of an eptablished plan cf relarT inoreases.besed upon ncrit and/or length of ssrvioe.vithin established rate ranges, be and the sare hereby are in all• rsspeots approved, ratified and oonfiraed: =S3 U c , . c lroq.the rate of: To the sate of: George E, Meddoz, Jr. $65 psr veek #72 per veek ~ Yb1.in o. Rosenthal 65 , • 75 Clarence J. Bachmnn 50 f tlensa A. Dugger 50 On sation of Flr. Oruber, seoonded by Mr. Peak, it vas unanimouslF 1 RBSOLVSD: That the increase In salary of Lee E, Tucker, employed at ths ~ Lezington Leaf Dept., from the rate of $53 per veek, to the rate of $58 per • veek, effective February 6, 1952, by reason of ad,ditional responsibilities ; -and being an individual merit inorease in operation of an established plan of salary inc=eases based upon merit and/or length of service vithin established salary rate ranges, be and the same hereby is in all respects appro.ed, rati- : fled end oonfirmed: - ~ On notion of Mr. Ha11eT, seconded by ltr, James, the folloving ad.ertising ezpendituores, all of vhioh are a part of and vithin the sua of s»neF autnorized by the Board of Dir~ctors at a meeting held 8eptmber 19, 1951, for an adver- tising program during the year 1952, vere in all,respeots approved, ratifisd and oonfirmed: 0 Zstimte #93 of Ceyer, Hevell & Oanger, Ino., dated Jamsrf 22,• 1952, conering.Q spot television advertising of L;t$ASSZ Cigarettes in Cincinnsti, Ohio and W BJrac•_ee, I1, I., for 26 veeks starting January 25, 1952, as therein set out, ~ at a cost of $19,054.29; ~ Advertising of OID GOID Cigarettes in financial nevspapers and angstinss as OA shovn on insertion schedule ci' Albert Frank-Guenther Lav, Ino,, liev Zork, Y•I,~ January 22 througb FebruarF 1, 1952, at a cost of $9,429.40,
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1 / j 42 this Coepany its promissor7 note evidencing said debt, besrtng date of January 24, 1952, and payable at eaid bank ninety (90) daTe from said date, vith interest at the rate of 3% per annum from said date, be and the sams bpreby is in all respects approved, ratified and coatirmed. On motion of Hr. Hopevell, secondedL bb7-}4r~ James, it was tmanimousl7 RE90L4FA: That the action of W. J. Hahe7i Vice President, and T. H. Yeiske, Assistant Treasiaer of this Compsty,' in renewing on January 29, 1952, tbe loan mede Ootober 31, 1951, from The Cbenicai Bank and Truat Company, 165 Broadva7i IIev Tork, Ifev Tork, in the su2 of One Million Dollars ($1,000,000), and in executing and delivering in the mme of this Compan7 its promissory note •videncing said debt, bearing date of January 29, 1952, and payable at said bank ninety (90) days froa said date, vith interest at the rate of 3% per annuv fYom said date, be and ths same bereb7 is in all respects appro.ed, rayified and confirmed. On Dotion of )'r. Peak, seoonded by /Er. Onnger, it vas nnanimvnsl7 oonfirmeds . HL60LVSD: That the folloring employaents of Salesmen, vith the authorita- tion of the Sales Dept. and the approval of 7. fiopevell ap.i I. H. Peak, Vice Re.idents, be and the sas» hereby are in all respects approved, ratified and At the rate ofi ZYfsoti.e: - Tho.ae P. Egan On nptiqn of !r. Psak, '=5O per veek 1/28/52 50 . . . 50 50 seconded by Hr. Ganger, it .as umniAonsl7 BISOL9Hfl: That the folloving ewployments be and the same hereby are in all respects approved, ratified an3 confirmed: ./ Ii' t h D : At the rate of: 2ffeotiv.: . ep Researc John H. Bphlloen $3420 per a~sa 1/23/52 i - hr York Off ios Mu 8c2aidt I - B b B 69 per veek 1/28/52 1 ar ara ryoe , /25/52 8osel,jn Tillman 38 . • • .- 1/24/52- John ISo.Laffert7 40 1/23/52 --01d Gold Hranoh Alfred C. Sault 60 •- . 1/28/52 Rally Von Hernsvita 36 • . . • . . Anthony p. Amorosi 50 - 1/2h/52 0 Louis.ille Branch Chsrles A. Litohfield 1 S • - . 21 ID, Bichard.L. Qrantlaad .7 - . ' 1/23/52 ~ tsntuak7 Leaf Dept. Belen L. Decker . ,- 1/22/52 A . .- . . • ~ - : ~. i Anthony s. ysagns John A. tisrin =dvard C. Beil.l,j Siohard M. Tyhbe James W. Sastep
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On aotion of kr. Peak, seconded by Mr. 8opevell, !t vas unaninously 43 . ffiSOQAIM: That the following increases in salary of 6als®en, each affeotive Janusrf 28, 1952, being incident to the tezme of salary agreemsnti or to established salary rate schedules covering vork aesigna»nts and in operation of an established plan of sala,ry Sncreases based upon aerit and/or 7sngth of ser.ice within established rate ranges, b: and the sams hereby ase in all respects approved, ratitied and aonfirmed! 7ioa the rate. o:: :b the rate of: John R. RaleT 470 per r+eek $75 per week Robert D. }lnngan 50 -  y, • • Len H. f}reen .k5 • • 50 On notion of Mr. Peak, seoomled by Nr. 8openell, it vas uaaniaous'7 RL40LVED: That the following increases in salary at the Rev York Offios, dne to psroootion or by reason of additional responsibilities and being lndi- tidual merit increases in operation of an establiahod plaa of salary increases based upon eerit and/or length of service within establiahad salary rat.e r.nges,.be and the seme hereby are in all.respects approved, ratified s•nd oonfirosd: Troa the rate of: ib the rate of: =fYecti.e: The Secretary laid before the aseting the following: ~ ' r- Rider dated October 18, 1951, to bg-,%ement sads IIo.ea.ber k, 1948, rwith A.D.?. ~! Coapany, authorizing installation of a8ditional equipmsnt for Central Station Syrlnkler and Waterflov Alarm Service at the Louisyille, Ky. plant of the Oompany, at a cost of ey20b.65; also, changing the supervision abthod and re- ducing the annual service chargs to $44.22 per anasm, effective 11o.ember 1, 1951, all a@ aore.ful],T appears froa said rider, vhich On aotion of 14. Blaolmall, seconded by 1r. Sopsvsll, vao in all =espeots appro.ed, ratified an3 confirned. On aotion dul,y mde and seooni.ed, the eesting ad3ourned. . I Philip Croke =4000 per annum $426.0 per annum 2/1/52 I Catherine Dobry 38 per week 40 perveek 1/28/52 , . . . , • , On notion of Mr. ffanger, seconded by 1lr. James, the following ed.ertisirg aspenditm e, vhich is a part of and within the ssm of money authorized by the ` Doard of Directors at a meeting held Septeaber 19, 1951, for an advertising ; prograa dtaing the year 1952, vas in all respects approved, ratified and = ooafitmsd: . •- • . Zstimnte fW of Geyer,-Serell & Ganger, Inc., dated January 2,1952, oovering television advertising of EMBASST Cigarettes ("'Mo Web") over tho CS4-14 8et-r ,rork, January 2 tnrough December 31, 1952, at a oost of $1,418,094.00. 1 . I r'~,c~, l :Becretaiy
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. . _..~,... . ooof i.rmsd: . 40 Increases bae.ed upon cerit and/or length of ser.ice vithin established rate raayes, be and tha sass hereby are in all respeots approved, ratified and_ - Yilliaa A. Jordan Simon P. Rb,Taa Sarl D. S7remm John B. Bordonkirohei ---Tlanois !. Donovan Jaass B. L'e.11, Jr. Do71e 0. Ogden ridcal asrit increases.in opc=ation of an established plan of salary inar.ases ta.ed upon asrit and/or length of service vithin established salarJ rate rang+s, be and the sas hereby are in all respeots apjao.ed, ratified and oonfirmsd: On aotion of Mr. Ba11sJ, saoonded by itt. Jamss, it vas unsniaoasly I~SOLQSD: i'bat the folloving increases in salary at the I1ev York Offioe, das to promotion or by.reason of edditional responsibilities and being indi- TTas the rate of: To the rate of: Z1Yeoti.e: Jonathan Winters $56 per .eek 3 per veek 1/8/~ 40 fanoJ C:mninssn a na s 38 ' . On aotion of Ilr. Jeass, seconded by 1~. Balleq, the fol].oving.ad.ertisina szponditures, vhioh are a pnrt of and vithin the sua of noneT ai:thorized by the Boerd of Dizrotors'for an advertising progrea vith respeot to the year 1951 at asstirgs Yxld Ootober 18, 1950 and September 19, 1951, an3 vith respeot to the 3sar 1952 at a neeting Lsld Bepteaber 19, 1951, were in a11 respeots nppro'*'ed, ratified and Oonfirasds =stimtas of Iwrman & Mitchell, Iao. as follows: #391, datsd JannarT 9, 1952, wrvri4 sPot radio advertising of OID GOID Cigarettes over WM, Philsdsl hia, Pa., Deceaber 31, 1951 throq3n Deoenber 27, 1952, at a total cost of 036,000., of vhioh $129,68 is to be charged to the 1951 advertising bud.Gst and $35,670.32 to the 19~2 advertising and saLss prwotion budgets as ttasrain cat ontj . "- #392, dated Januarf lk, 1952, covering television advertising of CiD GOID Cigarettes (Qnsfn for a Day progren) o.er Station KHJ-l'V, Los Angeles, Calif., January 7 througt April k, 1952, as therein set out,.at a total cost of a35,6p. S'bt georatsrl ]aid before ths aseting the folloving; . Aaraernt dated Daoe>mar 27, 1951, vith A. D. T. Company, for installation and snintsnanoa of Local Alszs 8er.ioe at the Company's Lexington, l(f. plant, at an installation obarps of $11,58h.09, for a period of fi.e years froa data sistea is operatine, and to oontinus fras year to year thezeafter unless teraiaat.d by either partJ on 30 days' rritten notioe, at a eo.t of $3,380.30 per anntia, under tar.s and oonditiona therein set outj vhich . on stotion of Mr. Ha11eT, soondsd by Mr. Oanger, vas in all raspsots approved, ratified and oonfirsied. I a n
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Jsnuary 30,~1952 A regular meting of the Ezecutive Conaittee of P. Iarillard Conpaqp vas 'bslb today at the office of the Company, 119 West k0th Street, Aev York City. I Tbere vere present }4sssrs,: H, A. Lent 8, K. Caager F. Hnpevell I. H. Peak J. J, B1aokaall . • L. Ornber '. - A. Jamos : Todd Wool j Mr. Leat, President, presided and the Seoretary soted as Seoreta" of tLs syseting. • . On uotion dulj .ade and seoonded, the reading of ttie.nlmrtes of tLe jre.ious meting vae dispensed vith. On sation of Mr. Hopavell, seoonded by Mr. Jemes, it was unsnimau3J R=SOLVSD: That the action of 0. 0. Davies, Treasurer, s.ad T. H. Weislos, Assistant T4•easurer of this Coqnqy, in borroving on January 23, 1952, on be- balf of this Cotpan7 from The Bankers 'a}ust Company, 16 Wall Street, Rev York, Iev Iork, the ava of One Million Dollars ($1,000,000), and in executing and delivering in the name of this Company its promissory note evidenoing said debt, bearing said date and payable at said bank niaety (90) Lays frcm said date, vith interest at the rate of 3% per annum fram said date, be and the ssss, hereby is in a11 respects approved, ratified aad ooafiraad. On srotion of Mr. Hopevell, seconded by Hr. Jam s, it was unanimusl, 1aSOLIED: That the action of a, 0. Da.Ses, 14eaeurer, aad F. H• Weiske, Assistant Treasurer of this C~eny, in borrowing on January 24, 1952, on behalf of this Coepaty fron The New York Trust Cozpnw, 100 Eroadvny, Rev Iork, 1en York, the atm of One 1Si11ion Dollars ($1,000,c0p), and in executing anit delivering in the name of this Coapany its promiseory nots e.idenoing said debt, bearing said date anrl payable at said bank ninety (90) days from said date, vith interest at the rate of 3% per annum from said date, be aad the same hereby is in all respeats approved, ratified and aonfirzted, / On uotion of Mr. Hopevell, seoonded by Mr. Jams, it was unanimously / gESOLVEfl: That the action of W, J. Halley, oioe President,* and F. H. ~ Vsisks, Assistant Treasurer of this Campanr, in borrowing on January 29, 1952, oo behalf of this Company from The.0uarnnty Trust Company of Rev Iork, 1b0 Baroedvsy, Hev Tork, bev York, the sum of One Million Dollars ($1,000,000), anr! ' in executing and delivering in the name of this Coapeny its promissory note ..idsnaing said debt, bearing said date and payable at said bank-ninety (90) daTs fros said date, with interest at the rnte of 3% per anntas from said date, be and the saas hereby is in all respeots appro.ed, ratified and oonfirm.d. On sotion of Mr. Hopewll, seconded by Mr, Jams, it vas unsaiaouslT ~ ffiOLVED: That the aotion of 0. 0, Davies, 1'reaeurer, and•F. H, Wasks, Assistant Treasurer of this Company, in reneving on January 24, 1952, on behalf ~ of this Company, the loan atade Ootober 26, 1951, from The Guaranty Trust ~ Company of Rev Tork, 140 Brosdvay, Rev Iork, Rev York, in the nm•af Ons l[i111on Dollars ($1,000,000), and in e=souting and delirering in the naas of , t
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38 -------- -------- -------- Jani:ar7 23, 1952 'A regular :seting of the Ixeontiv. Cossittee of P. LoriLLrd Coryany vas bald-tods,7 at the office of the Copany, 119 West kOth t3treet, Hev York City. :''Phare nese present I6essrs.: H. A. Lent H. lI. Oanger V. J. Islla7 : 7. Bopewu . : I.H,Fbak A. Jams . Todd Wool IIr: Kent, President, presid.d snd the Beaietary acted as 6eoretarJ of the aseting. Aisyotion dnl, :-sds and ssooa3sd, the readi~ of the ainntas of the prs- •ioas snetina was dispensed irith: i r ~ - On arotion of 1[r. A+ak, ssoonded by Zlt..danpr, it ras :maniaouslJ ' BESCLV=s i hst the action of O, 0. Davies, Tr.assaer, aad r, B. Weiske, Ny ~-~ Assistant ?reaaurer of this Cv2pam7, in borrowing on Januarf 17, 1952, on behalf of this CoozpaIW fresllhs C3sse 1•.ationel Tank, 18 Pins Street, re* York, Nov Iork, the sa of C--o liillian Dollars ($1,000,000), aad in ezsouting and delivering in the nus of this Cca,~an7 its prrcaiseorT note evideming said debt, bearing caid date and pqfable at said bnnk niratf (90) dafs fron said date, vith interest at the rate of 3% par naams froa said date, be and the sam hereby is in all re- spsots approved, ratified and ooafirsed. On atotion of Mr. Peak, seooned by 1tr. Oanger, it vas :maaiaonslf !RffiCL4ID: aat the sotioa of l. Hopev.ll, Vice President, and 1. B. Weisks, Assistant T7easta•vr of t'sis Ca4at7, In rsnoriag on JanvarT 21, 1952, on bshalf of this Coapa:p, the loan mds Ootober 23, 1951, from +' Esnksrs Trust CocyaW, 16 Wall Btxcet, Hrr York, La. York, In the saa of Ons Hi111on Dollars ($1,000,000), s•ad in emsouting aad d,elivsrin3 in the =-s of this Conpany 1to pro.issorf note sTidenoing said debt, bearing dste of January 21, 1952, and pafabls at said bank ninsty-ons (91) dsJs froa said date, with interest at the rete of 3% per annum froa said date, be anl the saa hereby is In all respects approved, ratified and oonfirsed. _ jk-' '+ On aotion of 1tr. Peak, seoondsd b- Kr. Oan®er, It vae smaai.onslf BESOL9P11i Sbat the aotion of 0. O. Davies, Treasm•er, and T. B. Weiske, O "~ z • Assistant 1`reasiaNr of this CoapanT, in renarin6 on January 23, 1952, on behalf W of this Ccagany, the loaa radis Ootober 25, 1951, froa :be Public gational Bank ~ } aad Trust CcapaaW, 37 Broad Street, Sav York, Sw York, in the susi of One 3iillion -D! '.~ Dollsrs ($1,000,ooo), aad in executing and delivering in the ns.ms ot this Cooparq its pranissor7 note evidencing said debt, banring date of January 23, 1952, aA ~ payable at said bank niroty (90) dafs froa said date, with interest at the rate (~ ; of 2 3/h% per annm fraa said date, bs and the sass hereby is In all respects Li Ii' ~r approved, ratified and oonfirssd. h ~• llr. Halley stated to the seeting that Mr. Benry L. Bechtold, NsaufaotnrSna ~ Division, Old Gold Erannh, by reason of having resaLed the age of sixty-five rars, vi11 be retired on Tebrmry 1, 1952 on the retirersnt iacoss provided for +~ In the Eoplo7ees' Retirostsat Plan adopted by the stootholldrs at tbe Anmsai Meeting ~~ in 1945; that potion 4, subseotion 1(e) of the Siplofees' Rstlreasnt Plan pro- .~ ~ I .«i 't- ' . . I I r
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39 vidss that ths.Hoard of Directors nsJ esploT on aretainsr or fee basis anW . person r+oeiving a retirexent e.llovance under ths Plan; that after oonsulta- tion with other officors, it vas deemd advisable that Mr. Beahtolri, beoause of his speoial experience and knowledga, ahould be o=pl.oPed on a retainer or fee basie, vhlah retaindr or fee vould be in eddition to the retireasnt inooas Mr. Beohtold vill reoeire, and hs reooaaended that Hr. BeohboLS be offered a oontsaot for the romimer of the ysar 1952 for the tTpe of ser*ioe aari.at tho retainer shQVn on tho sahednle pr+sented to the meting. _ Thereupon, after full discussion, on motion of kr. dangsr, ssooLcLsd t4 Mr. Hopevsll, th. following pr+aabls and resolution vsre aEopted: VFM:UWt It is the opinion of this Boerd that Mr. Henr7 L. 8sohtolII„ /tasifaoturing Division, Old Gold Bianah, vho vill be retired at ths'age of sistT-five years on 7ebrvarf 1, 1952, on the retiremsnt inoosn pro.iGsd for In the lSrployees' Retiresaut Plan, has such special experience and knor+]adge as to-rsnder the retention of his services desirable for the benefit of this xW, T=W=, BZ IT I360LFms That the proper officers of.this Conpaip be ahd they hereby nra aat2wrised to enter into anl to ezaaute vith itr. Bechtold, tLa vili be retired on 7ebruarT 1, 1952, a contract for the t+rsinGer of the year 1952 for the t7•pe of set.ioe and at the retainer or fee set forth after his nnae on tbe schedule presented to this meeting, vhich retainer or fee aha11 be in addition to the retirement incosr of such erryl".. On notioa of 3lr. Halley, seoon8sd br Itr. Hopevell, it vas unaaiiously. tion of the 6ales Dept. and the approval of T. Hopevell aad I. 8. Peak, Tice h7sidsnts, be and the sems he=ebT ar in all t+speots apyro.ed, ratified and f - ~ . SffiClLVED: That the follov2ng eftl,ofnsnta of 6alseasn,'vith the authoriza- At the rate-of: Tffeoti.e: Patrick J. lergus. -• ~;60 per ve.k 1/21/52 Douglas S. Vatts ~ 60 Cbarles V. Coffian • . kS on sqtion of Mr. aalle7s all ie speots apyrared, ratified and oonfirasdt 11:+r SorY Off ice . wattis Krasnievski' Delis, Pishl - 7onisrille Branoh Oeorgs.E. trans , it .aa unanispusly. ffiSOLPSD: That the folloving eaployments be and the saas hereby are in seoonded by Mr. Hopevell, At the rate of: Zfteotive: ~5 per ve+t 11/16/52 /17/52 Y9 ' ~ 1/1~/52 Terii $. Daigle 50 Saft Trsnoisoo Offioe 'on atotion of Mr. ga11ey, seocndsd by Mr. Jaass, it ras'unaniiauslJr oov.ring vork assigrssents and in operation of en established plan of salar7 to ths teras of snlnrl agreeasnts or to established salarf rate sohedules 6aLsnsn, each effective Jenuar7 7, 1952, dus to proootion or being incident RE60'LVEDs That the folloring increases in sa]arT of 7ield Nanager aad
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-- ---~ I - t__ rentaokjr Ieaf Dept. Eobert H. Eanadsu - Lonia.ille B:.noh Dorothy Eattiok Idcyr Ks1lr.os, Jr. Betn? Qissmn Carl Geisar, Jr. Karsaz+t L. Sadler Vaaia L. Cr=p ~ per *sek 1~5 1 ~ 1 . J. 1 ~ 12/21/51 h 7 ' 12/26/51 l7 - 3S ~ : 1/b/52 36 • 1/7/52 36 . . 1 . On notion of Mr. Jaass, seoonisd by Mr. Qrnbsr, it vas naaniaoosly E't8L11.4ID: That the salarT of Carlos E. Correal, Salscmn in tba Yrport s.ad Comnasnt ELiles Dopt., Ss*hs:ebF fixed at the rate of $1C0. pir vsek, •ffeoti.a Janvarr 1, 1952.. On action of )4r. Peak, sseonded by Mr. Jrms, it raa aasaiaoosly lrca the zate afs . To the rats of: _ Catherine Csllagjrr $55 per vsek $59 per week Yinosnt 6s.llo RF30=: That the folloQing iaoreases in snlM7 at the IIev Zor! Offloa, teah ciSeotive JancsrF 21, 1952, dsse to promrtion, be and ths. saae 2arsbJ ara in all r.spsota appro.ed, retified and ooafirmd: 1[r. Halley stated to the sxting that it oaa nso.scary und..r a ctatnts aQaptod bF t'se 8tate of visconsin in 1951 to adopt a resolution ap?ointi.r-g derAral P^.,;b 1(. Fea+++*ov as ths registn-ad epnt and desilyatln3 t?a reQiatored affice.cf this CoMTCZIY in the State of Wiaocasin in lion of his appointnant as Attors»7 in 7not hsretofore mde pursuent to a reaolatioa advp`.ad L7 the Executive Comaitteo at a m eting beld )Arch 27, 1V~b. TbarsupolL, . ffi6 OLi3D: That the addzs s s of' th. re tis tered off ios of thi e CcwpanF in the Stata of Yiaoo"in shall bs Roes ard Sill Ltrseta, In Croaze, Wisconain, and Q the registtrc.•d aPnt of this CcoParl, rY,oLe bueirass eLQ,reas is i4.intical with such registered office, shell be H. H.•Fataing, npon vhoa all su:&oua, notices, (~) plsadin,3s or pxbooss in any action or proco=dir`qs e£airst this Coupe.qf brought ~ In the State of'Yisoonsin mJ be cerved sa'1 it ish eiobF agreed thzt such servios ~ an the eaid s{:9nt ehall be of the te'e leFpl force anfl effeot and .n.liditT as if ssrTed on this Cootpa~. ' %3 1QR?=a RMCT'..IMt' This rssolution hereby suprrsedes the Yesolution adopted ~ at a r»atin3 of the iZeouti.e Co=Littae Cc tl-~s DoErd of Directore of this CompanF, bold Xarob 27, 1946, appointing said H. M. Fannir.a as AttorneT" in Z'act for ser- vica in actions or prooe.dings brought against this Cosn,atp in the State of Visoonsin. - i Tbers vas presented to thd neeting dn1,F executed ag'reesent dated Dkenbsr 1, 1951 betceen The Cinoianeti, fiev Orleans sad Texas Pacific Railveq Cc.qnny, a P 0
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, 37 oorpointion organized ®der'tbe Iavs of the Stats of Ohio, an3 thii Cas;paa7, 1Lereb7 this Company ts Cranted ths rigbt to feaoe ofY, instau c;ites, and --- oaovpf and uss a certain piece, strip or paroel of the ri,,-at-of r+ray of the Railway Company ad3neent to the Lexington, Ssntaoly Teaf Depsrtmnt of this OoaparyT, said strip Laring an area of 30,400 sqiara feet, arre or 1sss, for loading and cmioeding of freight frm oars of the Aailvay Coe*any, at a rental of $25.00 per sama, vith pro.isions for.tLS oottruotion and naintananoe of the fenoe and gates at the cost of this Companf, a11 as sos+ fully appaars flrm the terms of said agre.mnt. ib.revpon, after disoun.ioo, 'on eotion of Mr. Hallef, seoonAsd by Ifr. Jeass, it was nnaaisously 1tE8OLVED: TLat the action of Todd Vool, Yios Fl.sid+snt, in aaoutin= en Dehalf of this Company the said agroessnt dated Deoerber 1, 1951, vith Ths Cinoiamti, Hev Orlnans and Tezas YsoiSio 8ailva7 Conpsn7i a oorpoiatim orosaised undar the lavs of the State of Ohio, vhsrebf this Company is gravt.Q tbe right to fenoe off, install g+tes, and occupy sai use a oertain strip, pieoe or parcel of the right-at-vaf of the 8ailvay CorZarQ aQ}tcant to the Lrzington, Lntuoky Leaf"Departsnt of this Cospaay, all upon the tsras and oonditions set forth in said agteesti.nt, be and the sasia is beraby ratified, i apprared and oonfirnsd in all resyoots. On aotion duly sads aad ssoondad, tLs mssting adjourzod. - : Secretary I
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34 for purchsse of PTrsthr= aztraat {r20 duaing tha period Ao.ember 1, 1951 thz-wA& Augnat 31, 1952, umder teas and oond.itions th+rsin set ontj . 7wasa Eatad October 17, 1951, fr= Social Rssearah FouDdetiop, mo., of 8ooas 12" and 1274, Penobsoot Bnildin8, D.troit, Hioh., for tvo yaars froa Jsnvsry 1, 1952, at a total rental of #3,240•, PsTnbl° in e4un1 monthly installssnts in adrano., widsr tsrms aad oaoditions t2ar.in s.t out, whinh , \ . . On eotion of llr. 8a11e7i seoondsd by I[r. Oaager, •.re in all raepsots approwd, ratifib.-an3 ooafirssd. On s»tioa dalT ssde and ssoobdsd, tDs s».tisg ad}onrnsd: , a.o:.tarY . , n
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Jaaanr7 lb, 1952 35 A regular eeeting of the Lnsonti.. Cosraittee of P. Lorillnrd ConpazV was bslb todsS at the office of the Coapary7i 119 West hoth Btreet,-Eer Iork City. Tbere .ere prasent Dbsers.: E. A. Eent E. M. C,a0 g+r V. J. P•s1L7 7. Hopsvell I. H. Pea.k L. Qruber •. Jases Tbd,d Vool - On s+otion duly mas and seoond.ed, the a+ading of the wlautes. of the previous aseting vas dispensod vith. ' On aotion of Mr. Hopar.ll, ssoon3ed by rir. PsaY, it iraa :manisoasl,T R1L9C1AED: 2'!mt the action of V. J. EallaT, •ioe Piesident, aa3 7. H. Veieks, Assistant Treassser of this CocpaaJ, in renewing an Jam.ar7 15, 1952, an beLalf of this Coapesi7, the lcan raE. October 17, 1951, f7oa ':bS Latio^.Al City Bank of nev York, Tirrss Squsre Ersnab, hlst Btx+et snd Pra+sQvn7i !;4v Iork, -Ze. York, in the sun of Oae 1lillion DollaTs (v1,000,000), ca.d in OzecatirZ aad deliwrirz in ths nams of this Ccapsziy its prosissorT note evi:,)aoir3 said debt, bearing date of January 15, 1932, e.ni gayabls at caid bank nimt~ (90) days frcro said dats, with interest at the rate of 3% =er aaaum ?1on caid Aate, be aad the ssas Darety is in all respects apyro.ed, tstifiod aa3 oon- firmsd. . . . On aotion of ltr. Hopevell, ssoondsd by 1lr. Peak, it vas unaaimonsly AllSOL4ED: That the action of V. J. halla7i Yioe President, sad 1. H. Vsitlas, Assists•nt 'arcastiuer of this Cozpan7, in reirrir_%. on Jannar7 16, 1952, an behalf of thU Cc--qazrr, the loan sads October 18, 1951, freb V:* Vev York Trust Co=paq7i 100 B.roadva7i Def York, HevIork, in th* sua of Oas Nillion Dollars ($1,000,000), and in aseonting aad dilirsrir3 in tSs zame of this Corpaay its prasdssor7 note e.iGsnoing caid lsbt, bsarirg date of Jesmar7 3.6, ~ 1952, and pa7able at said bsak ninet7 (90) days frca eail date, oith interest at the rate of 3} per annta ftoa-caid date, be aad the ssae hereby is in all respeots approved, ratifiod and contirsisd. - .• Oun rotioa of Mr. Hopavall, seoonded by ISr. Jaaes, it .as tmmiaonsi7 . RSBaIA'ID: That the folloving esployments of Bsleanen, nith the aatssori- sation of the 8ales Dept. aad.tba approval of Todd Wool narl l. $opovsll, Yioe , PY+sidents, be aod the saas he:eb7 are in all resqeots approved, ratified aad eonfiraed: . • .. O t ,t tLa te f =ff . 'A a o ti t eo --- • •• - r ~s W 9ilii.a: D. Boholes $50 Der...ek 1/lA/52 •. ~ . Albert fI. }RoDonough Richard C. Hoone7. Jr. 45 • • • '• .- .4
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. 4 . ..~"~+..~--,l1STwbh s~e~^ww~..~. ~~rr: ~IM~CfafblMa4bOl~~!!01lt4pVAYtikc~MC>yNl^qldt+a • Mt1CIH>4/.ye>!^bdMMl+XXti>MIlrlOtiot!>c . • • . . yiy~+~H>•r^rM•aM00Cfl+c~cf11M'V7lMa~^C~H~h1-Nh1Yl+tlbd'Va~txM'd4l+VI'dCblXlrt+iCCO"~~HC]Mdl • • . . • . . . . • . • . • • • • • • • • • • . . . . . ~fff ~ oos>• ca d sP+~(~C~ oo e~ o (~ ~! ^,tl • •fp~'. ooaf• . • •e6.f cr}!.ga~+•• ~• ro• •~ ••~~ ~J!~1~'+ ~•.Y O O^~ tl~ Orf 0 P~Pi~Vp D 6 O w 1qYp opf ~A ~ bO D FA+~7 ~ Q ~ tp7 CPi. ~w :rQ+ P ~J7 i~A ~ w ~M•IJp ~FR-~ HG'~ 1~ry~i~~ .4 - ^ p P A ~ ' ~~Y h' R V1V P g ~ ~ ~~V tf ~ F~ ~+ ~i ~ ~M~ • • ~ P~. ~ ~ • ~ ~ a,, 4 ~ • • •f M 1 P•g)~CAF+VIWW0% 4,%T t • • ^ • • r ^ a • • • • • • • ^ ^ • • • ^ ^ • ^ r • • ^ • a ^ • • r • • • • ^ • • • ^ • • • • • • • • • ^ • r •~ ~ ^ • • • ^ • • • ^ • • • • f • • • • • • • • • ^ • • • • ^ • • ^ • • • • ^ • • i ^ • r ^ • • • • • • ^ • • • • • • ~ M O~OHH~IOHHN~V~~VXii'YOWCDOV~I~W~D~~.^V~uGU0~1••~~uWWO~O~Cb~O~~JIWO00~N1•~~OV~OOWOWWV~iO~ A~ ' • s ^ .a.^ .a.a. •• a • . • • ^ • .••s • • • • . . . . ti ^. ^ • aa ••^•^•^.a ^^a^ ^ • • • • ^ ^ • •• .^•• ••a••^• ^• •••^•r•^•••s r•^•a•^ ' • •••^•^,^•^••••••••••'^•^•^•^•^•^•^•^•^•••^'••••••^'••••^•^'^• •^ •'• ^•^ ^'^ ^•^•••^•^•^,••••••^•^•^•••••^•^•^•^•^~ • • K M S~b~GEfi~O _ 1 ~ • ~ _ i~ Ir~~l t
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#366, SappUesntal A, dated Jamarjr 2, 1952, covering increasa in rate for ~ ad..rtisi:g OW G02D Cigarettes in L80b Yagasins duaing 1952, at an addi- ~ tional cost of ;14,k30.004; #M, Re.isi.on 1, dated December 17, 1951, oosring radio ad.ertiains of OID GOID Cigarettes (People in Profile prom!-as) Octcber 15, 1951 through October 10, 1952, at a total cost of $10,528.56, of vhich $2,293.56 is to be ohar6ed to the 1951 ad.er•ti.ing bod8st and $8,235.0o to the 1952 od..r- tiaing bodH.t; #383, dated Janaary 2, 1952, eo.ering spot re4io ad.ertishg of oID OOID CiFprettes o.er Californis and Nszioaa stations therein set out, Jaanat7 1 throngts December 31, 1952, at a oost of $9,853.48; ' ~ f386, dated December 6, 1951, oo.ering advertising of OID GOID Ct.~xr+ttes on Ews broedcast, Statioo STd'.f3, Worcester, lztee., • Deocsbsr 31, 1951 tlrough • Q December 26, 1952, at a cost of $12 313.08, of I&ich W.93 is to be oharCed ~1 to the 1931 advertising budget ar! J12,23k.15 to the 1952 advertising bv3g.tj : .. f387, dated December 10, 1951, eo.ering spot radio advertising of 02D OOQD bpk I ,~rm tLe rate of: ro the rate of: 0. D. siaona $95 per ve.k • $100 per mseY E. x. (3rifiin 95 ' • 100 • • _. A. HSnbelma 100 a.H. reinh . 70 . . . 10 75 J S O'Brien 93 • • . 98 . . Q. J. 0'BrieII 90 • w 95 •-• C. T. Pobada 100 Y. E. Bemett .85 • • 9o ' ' L. B. Goodvyn 65 • • .10 V. H. Holt=olsv 98 S. J. )soon • - 70 • • - D. Q. Root 90 ~ ~ 97 • ~ H a: stern 95 ' ' 102 . r. 8. Tarsa . 87 ' • 92 • • C. Y. Tey1or 85 ' ' 90 s . OII notion of 1tr. Feopev+ll, seoonded by 15r, arvber, tha folloving s4.er- tising ezpenditta+s, a11 of vhioh are a p3rt oi eAd vitbin the sua of oonay anthorised by the Bnnrd of Directors for aa adrertising progtia rith i+apsot to the year 1951 at srretings Mld October 18, 1950 and 6epteaber 19, 1951, aad vith respect to the year 1952 at a metirg h9ld 6eptaaber 19, 19`j1, wrs In a11 r.spsots appro»d, ratiSied emd ooafiraed: Sstimtes of Lenaen & Hitohell, Ino, as follovs: jH56, Re.isioa 1, dated De aber 17, 1951, corering teU.iaion ad.ertising of OLD GQID ciEesrettes (Quaen for a Ds.1 progmrea) owr 6taticn SY.t',A-lV, Los . &ngeles, Calif., Septenber 13 throu&h December 20, 1951, as ttarein ast out, at a total oost of :.h0,170.; j Cigarett.a o•..r Iniiaoa stations therein set ont, Jtmnarr 3 throush Deoesbsr 31, ~ 1952, at a cost of $15,60o.! ' ~ ~ #388, dated December 6, 19R, oosriag adrsrtising of C7D OOID Ciairetbs an Polish aavsoast, 8tation LMM, Buffaio, A. Z., 3aa-rJ 3 throagh December 31, 1952, at a oost of $6,500, ~ '!ha 8ecretary laid before the seting the foiloviag: Coatraot datsd December 11, 1951 vith John Pavell & Co., Iao., Eer York, l.Y., z
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MK>awfdaaOAHqR1wY tdldMt+~A'AHma~>a.MA Ha.a4A4iCyM>I. Qtlka.Nl~H'~1.. ~Cl+11/0%"a.kAp/bd4 . . . . . . . . . . . . . v . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~.ryC4.rlOJL00~4 D40dEdcrdyCOi.'MOd!4 1'IMA4t"4 AQOStq01!"»a.A!'4 WftIV tfa rl»Abd<WA 41 QO t'4 A ..MI . ~(. . . . . . . ~ . . . . p . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . "pI4'R~~:.' a~~~•~r8'RI .°m o`~ ~ ~a5x~pvvr .-. ~ .. ~ ~ ~ ~G ~ . . , ~ i .j .~ 1 . I , u o$uIS °`3 S`Sv's 9,j&;JoS u~~l~~ Ss°`a eg;j o3SuS SI 5oYN M"IrTIS5%A ~ . .. . .   . . . . . .  42,0441s ... . . .  . . . . . . . . . . .  . . . . . . . . . . . . . . . . . N p .. . . . . . . • . . . ..•. .•. .f ~4 ..•.• . . . . . . . . . . . . . . . . . .  a . J a a . . . . . . . . . . .~ ag w 1 p~A 0% V~ A 1p. ~.f ~p•~O~p~p~ -1.p.p O OIW ~--1 O1rp~p~p ~p rp ~a~ rp ~p1p+ F+~p!p'p~p.. 0. Oe 1+ TVI -J O~ V~ V. M 6 OuusV~u$~o011V~000DUV1NV~~NUi'QU~s~N~l~1sV~-~-.1suV~~i~l~-fO~iONUWO~WUDU~V~V~~~ ~ . . . . . . . . . . •. . a . .. .... a .' O .... . . .'. . . 1. . . . . . . . . . . . a . . a . . a a a . . . . . . . .'7 , •. . : '. . •. •. : . . . . '. . . . '. . . •.•i/ ~ •.• . . . •. '. . . . '. . . . '. . . •. . . . . •. . . '. . . . . '. . . . •. . . ,. • Ir r . . . . . .. . . . . . . . . K S' . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . K M K
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A sega2as nseting of the XMoatiw Comittee of P. Lorillard ConpanP vas Ls1d today at the offios af the Comtany, 119 Hest jWth Street, per York CitP. Ibr. Ssat, President, pi+sided and the Secretary acted as 8eoreta" of the swtina. . On notion duly aadw and seoooded, the reading of tLs sinut.s of the previoas sreting ras dispsnesd vith. On ssrtion of 1lr. Hope..ll, seoandsd by lr. Gangsr, it vas anani=oas17 EWLOID: 'that the action of 0. 0. Davies, S4eastarr, and P. H. Veiske, Assistant Treasurer of this CoanasW, in borraying on Januarf •, 1952, on boDalf of this CoayaaW froa The T,ational City Sank, S5 Vall Street, Se+r York, IIer York, the sm of Cns t(illion Dollars (41,000,000), and In ezeonting and delivsrina in the ssaw of this Coqpan7 its prosissorT note evi,Csnoing said debt, bearing said date and paJe.ble at esid bank ninetJ (90) days frc= said date, .ith interest at the rate of 3% yar aaasv fyrom said date, be an3 the sasr herebT is In all se- speots appro»sd, ratified and aoafirasdd. On notion of Mr. Hoperell, seconded by lEr. Oang+r, it eas umaniaoasly BE8M'IDs That the action of 0. 0. Da.ies, 'h.asiaer, and !. H. Neiats, •saistant Treasurer of this Caamav, In reneving an Janmr= 3, 1952, on bahalt of this CoxpanT, the loan eads October 5, 1951, froa 72m L&nutfoturers Trnst C=y5•W, 55 Broad stTSet, IIe. York, Sw York, in the sia of Ons lii111on ($1,000,000) , Dollars, and in eaooating and t9lirering in the raas of this Ccesyanf its proaisaory , Dote e.idanoing said debt, bserias date of JamMnrf 3, 1952, and pa7sbL* at said bsnY nizatT (90) Cays lrca said date, vith interest at the rate of 3% psr annta tYam said aste, be and the sas b.r.bT is In a11 iespsots approved, ratified aad oonfirneQ. ~ / / . On aatioa of f5r. Bopse.ll, seconded by 1lr. Qaag+r, it was naaniaously E=8(tt.9IDs mat tbs, action of 0. 0. Da.is s, 'heasm er, and l. E. Sleisks, '~ Assistant Yreasmrer of this CocDaR7, in ren.ring on Jaanarf 9, 1952, on behalf of this Ccspaty, the loan z--kGs October 11, 1951, lYoet Tm Chase IIational 8ank, 1B Pin• Street, Eev York, Lea York, in the sm of On• )lillion Dollars ($1,000,000), ' aad in exeoatira and Esli.eriag In the nsas of this Coq*taaW its proalssot7 nots evidsnairg said debt, bearing Gata of Jaauary 9, 1952, aad payable at said bank ninety (90) days fron said date, vith intorat at the rate of 3% per ana- ilroa p ' said date, be and the sais Lsi+bt is in all respeots approved, ratified and oon- ~ firsd. W Itr. Eal1e7 presented to the sseting agree..nt dated Deoessber 31, I9S1, ~ emsoated on behalf of this Co~ by )r. 0. 0. Da.ie., Ryeasurer, with the ~ Gnaranty Trust CoapaqP of lier 7ork oonofrning letters of credit issnad fras tins to tlrs in ooan.otioa vith -hases abroad of 41akidi tobaooo and o- ~ 0 said ag-eesut beiag in the for. W' traterials ar acypliss needed bT the CoaQa~ ' ' , . s . reqnired by the OuanntT'frtust Ccapsnw but sodified so as to provide that a '~ ` 1Ldt of $500,000. is placed upon the anoimt of arw one application far 1.tter
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,25 r 1r• Janes, it vas umnimonslJ of oredit• Ss also stated tbat it is nsoessssy tq adopt a resolution to ayprove the esnoution of said agisaasnt and a gsnertl tawlution anthorising the saking of such application for letters of credit in Us futose. Thereopon, after Qisoussion, an aotZop of Mr. Oanger, ssoonded bf • 1=L4Eas I. That S• A: Lent, Pr+s].dent, E• X• Qaager, lnsantiea tlne Presidont, H• J. Salloy, Trank Eopavall, ToGa Wool, I. H. Psak, Yioe Ytesiasnts, and 0. 0. Da.iss, iroastuer, of this Corporation are authorized to apply for and obtain froa Ouaranty Trust Coa3anf of xee York letters of oredit anfl to essoute ayplioationi, agroessnts, trust reoeipts and all other daousnts in oouneotion therewith, iaoluding guarantees, indenait,7 agraeasnt, aad other Undertakin8s • . . II. That credits heretofore effected aahat qressnt outstaadis~ sith ~ Ouaranty Trust Caapnay of lww York, endorsoaoats, yo.ers of attorn.7s assign- nants, pledges and all agrsemnts and doounants sde and isaved in aooordame tLarevith be and beribT a,re ratified and oonfirs+ad. , • - when gi.en by the aforeanationed persona. - III• The Ovaranty 4Yast CoaqanT of l..nr York sry sot upon all inst~rootions for the sale, Eali.erJ or otbar disposition of any oolLteral at }qT tisn lrln I7. Taat the foregoing pvrsr) and authority ri21 ooAtiaue aatil written notioe of re.ocation hna been given to and rioei.ed by said Ouarantjy Trust CospazW of Ear York. - , ' TQ3T8M IMMM: mat the sotioa of MSr. 0. 0. Daries, Treasurer, is fmoutirg on behalf of this Compazzy the agsseannt dated Deoesber 31, 1951, with the 6aataaty.Trust Compan7 of Eev Tork entitled Letter of Credit Agree- sont, nhioh bea been presented to ttiis aesting, be aA the ssaa is hereby ayprorsd, ratified and oaafSraed in all respects. bear the signaturas of azW two of the follotiingz On etotion of Kr. Hopevsll, seconded by Mr. Ornber, it ras ManiaoaslJ BffiOL'4XD: Tbat all checks draYn against any of the ftmda of the Co.pW on depoait vita The Tirst Batioaai Faak, 1`adison, Wisconsin, to tbi os+dit of the Crop Fb,jasnt /looount of the Wisconsin Lsaf Departeont, )AQiaon, Yis,, ahall JoLn IIiohola . ~ x. D. 1lirtfelter ~ 0. T. Lllizgson • Ya. A. 1Fo0oraiok Daniel J. Mlrine Sarold Osgr.ren - A. F. Jensen ~ D. I. 111alaan , w .I On aotion of Mr. Hopnwll, seoozdeQ by Mr. Oruber, it was mnanimaslT it.] 'Phis rssolution snparasd•es all previous resolution* in rsgard to tbs sisains C) of such checks. . . -. , ,D, S89CQ.PEDs Shat all oheoks drawn against any of tbe fnalls at t!~ Ops@aqt,7 on drposit vith The S.ational Bank of La Crosse, Ls CYVsse, Wisconsin, tp the ry~ oredit of the Regular Aooount of the aisoonain Leaf Departasnt, Ia Crosss 1`~C, Yis., shall bear the signntures of any two of ths following: .. '••
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t 22 _' -; rt De.n.illa Leaf Dept. Charles T. 8lafton Charles 0. Itorors H+wmrd M. Levis Carl e, Taylor • John 0. PangSan, Jr. 1Yosst E. Yau . . John x. Ti11eT, Jr. Eobort L. It=wP ?red.riok =. tindar Sdaonia T.. Patterson . . .Lazinaten Leaf Dept. flilliaa B. Wheeler Allon Jotys, Jr. StaPoe Ttaner Sba 1ss QLte Li t Txa the rate ofs To the rat* of: lffeoti.es $83.50 yer wak 63 y.r wak 58 ~p . . 63 . . 62 ' ' .. 58 ' ' 38 ' 38 . 66 ' 39 ' . . . . . ` .- , a . 0 60 1/2/52 •'S ' a 49 . . • . ~. 36 . a 39 36 ' a •39 On ssotion of !!r. Pesk, ssoonGed by Ir. QrrsD.r, the foll.ordtg ad.ertisins azp.aditvre, chioh is a part of and within the ssa of sua.f acthoris:.d by the Board of Direotora at a eseting h.l+3 Ootober 18, 1950 for an rd.ertising yro- graa d;winh the Tear 1931, rss in all respects approved, ratified and ooafiz.ed: Zatisat. #389, dated DeoeoLbar lk, 1951, of Tanasn & Mitoh.ll, Ino., oosrin6 ooat of aditinS teU.isian film for adrertiaina )ZDiffi. Cigars, In the sua of ' $59.00. '!2s saor+tarJ laid before tbs asat.ng tba foll.o.isu: Coetr•at dated Deoember 10, 1951 vith Komsanto Chaaioal CoAXanf, St. Louis, Mo., for puro3:asa of Comarin Honsanto daring the period Jaaaarf 2, to Deoaaber 31, '1932, smder terL ani oonditions therein sat ont) iContraat dated SoTeaber 28, 1951 *ith LDaoo CLr.la>,1s, Ino., Lansing, Mioh., Loai..ills Bu+aoh of the for aw at the Pc.3. l S c h ar r a o a jfor porabas. of ! CosrpazW during the p.riod labrosrf 1. 1952 through J-rT 31, 19.53; 1 Jlgreesnt dated Dsoe.bsr 26, 1951 eita O.n.ral Ootdoor Ad..rtising Co., Ino., ' for rsintananoa c.r*ioe on sign located at 3010 Vest b:arkat Bt.; Lonis.ilL., I~r., for a period of 36 roctha, at a total oost Of 11,800., psyabU in .qnal sonth4 Sastallssnts, naler taraa am oonditions tbarain set ontj each of rhich On notion of Mr. OanGer, seoond,ed b7 Ih'. EoDarr+11, *as In .11 resysots approwd, ratified aad oonfirasd. . On s»tion of Rr. Gatger, seconded bf 16r. HalU7, it ras tmaniaously, Ef80L4SDs That this C=paqw oontributa to lfatimal Tbbaooo Toz R.ssaroh Co®oil the aua of $10,000.00. . On .otion of 1r. Hopavell, ssoondad by 1(r. Peak, it ras smaniaously
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MOLMs ftat this CasQnrar oontribats to dreatsr x.r York Cttisens Oosaltt.e for tha IIoo.er RODort the sus of 41,000.00. . On aotioa Qnly faft s.ad .Moon3.Q, tbs asti.ng aQSota'msd.
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0 WN  • • • • • a • • • '  • ~.~.... - .,....•..~ o ~• ..s,yP. r r Is ta e. ro ~~i ~+rt,~~t,~eror• . 8'ti.°Oa. o er... ar •:°•o• w era w :~jj ~~ '°~~w~~`'~,' ~ o ~b ppp ~td P.   • • a a•• a • a 410- Ny. 0i•wN4 OICIa•WNO~~O4 O• OoOO•.tOh41+OJrfJ'Ohr+t'VXi.Ot'wN00WOOOi•wOwNw~O~•d~ ' •   6  4  • • '• .6  6 •5 5 a 9 1 4 •1 a 0 0 • 9.8 • • •  V~i N h~+ b 0 O~ O~~ O~ O Ol 0 w V I O N :•  • •  •• • •. , • . ~. i, . .. I i • OOONrr+-~riz ~~~h~~r~hm'J~iGDp•~NO/•~.~ 5 •  ,• • •  • •  • i •  • • i • •   • i • • a  • • • •  • S ~ . ' . ~~ r • •  •  ,• • ' • '•    • •  • • a •   • • a • . • • • i •  •   K p
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. JanaarP 2, 1952 18 _ A regular zasoting of the Lzaoctis Cc,waittee of P. Lvrillrsd Conr~nny aas Ls1d todaq at tbi oSfioe of the CoaparyT,•119 West k oth 8tr.et, bnr York City. 'lhsre vissa prewnt l4sssrs.t H;.A. Teat E. x. Onag.r V. J. Falle, T. Hopavell. Z. H. Peak J. J. BleokrAll ' L. Graber . l. Jaws . . . Todd Wool Mr. 3ent, President, pr+sLaed snQ tLs Beosetar7 aoted as Seoretart of tbe asetins: : : ~ . . On motion duly ade and woomded, the reading oS tLe miantes of the previous aseting ws dispensed:vith. . : On siotion of Mr. Hope'r.ll, "seoonded by Mr. P.ak, it Vas smaniaonslT - XCSOLP*as 'Bhat the sotion-df G. 0. Da.iss, 'Pteasra+r, and 1. H. Veisks, Lssistant Treasurer of this Cov,psp; in renoving on Deoeabsr 31, 1951, on b.Lalf of this Coapam7; the loan .eds October 2, 1951, frca"Mzs Pincnr Bank, 70 BroadraP, Ee. York, tav York, in the sm of One Million Dollars ($1,000,000), arA in ezsontina and delitit+ring in the neas or this Cozgarb its proaissorl note s.i4enoing said dsbt, bearing date of October 2, 19151, end psynble at said be.nk,ainet7~one (91) days froa said date, with interest at the zat, of 3% per aama froa said dat., be and the sass berebJ is in all resp.cts approved, s+tified and oonfii9ed. On motion of Mr. Peak, seoonded by Mr. Jas,es, it ras unaniao:uly 0 r. ~- B'ESOLVIDi That t*.s saploysisnt at the Eev York Offioe of Zlaine BnnY, at a salary at the rate of ,440 per voek, effeoti.e Deoeaber 18, 1M, be and ths sams Lsrety is in all respects approved, ratified and oonfiresd. On notion of Mr. Geug.r, woonded bJ Mr. Pa1Lrr, it ws cnsaimuslP . r ~ 8=SCE.4XDt Mat t'he following inoreaws in salary, dw to pra.otion or by lyasoa of additionnl responaibilitios and being itdi.•idoal ssrit irareaws In operation of an establie3sd plan of salarP inor+aws bas.d upon s»rit aad/or length of ser.ioe within established salary rate iarg.s, be aad tLe saae b.reb! sre in all respeots approved, ratifiod ead oonfirasd: t ~ , ' i ~ 7r<a tbe rate of: ib the rate of: sffooti.. s Iwr Tork Offioe ~ 7orr.st =. Wolfe $ 83. per roesY #6500 psr ann:a Z/1/32 . Old Gold E:anoh Ilse litssisaons 36 y.:ve.k 59 per week lt r/s2 0 Jlesaadsr Robertson , 62 . . . . . . friada J. Paria 39 ' Vall.aoe 3 Pike 67 . . . 72 ' . Sanford D, H-ash Dsrnald T. Nohrin8 64 . . 67 - . s .- 72 76' - N;h . . Osrard Tanaloia . 69 72 - Balratore Randazzo . . . 67 7O a Villiaa J. 0'Brien . . O.. . . 0 . 83 ,?e r ~ r .r. . ttz- - r1i > iZ.•% . . ... ai .. ~
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0 ~ P O~+ ' 1R+ M p O p• ~ tf W H i. H o P~ P~ Y .+'~ tl•t F r. ~~ p i~~ ~ p Oa~~ ~+~~+ P~ g r M •i ~,~ e~ MQ P `.+ g .~ ~+ V 7[ .+ p p O • q • ~• ~+ LT r cf M ~.. p p Otf VV •i i }+t+ ~b r~+~. ~.. R'XCIV PF+ ~+ 3"M y O W ~f ~C• W p o +1 u',~ O hf O O• t+ C+' h+p p M w p • r q b F 4 W~. Ctl r. . P Y n. ~r r tld ~ g v S t  PP o o d =~~hlqhd. ~, eq Q ~1. . . ~yry OOG•~{ ~ti/• . y S R~ • W~ t.• E . 1 ~ ~yst p ~d p a ~'~ ' • i , ~~~++. .... wpKf Wp pr b.- w 6 14 p~.+vs 1~~+ oPiH O g 5+ tmm ~~ ~ ~ ~o ' gn~+ ~' pM!~ ~~ ~F a O'9 ~r.JJ'' P~K ~~ h~ ~ op w ~ ~ ~ r & ~.  -•   a a a , • • a;   a  • a a a    • a a  a     a      a   a  a   a r   Q . i MMM •r•..•• • •     • • _ OV~d~~?C~V~1 i'V~CWVWiuVWIWUWUNN~bl~'+Wp~V~NNtID/+i•WO~.OOD~F•~b~wV~IN.00~V~WW4fWV~O1VV~1.JbO~N •  •  a . • a a   a •  a • •    • a  . a •  • a a  a • a  • •  • • •  _ a  • • .   ' • . Q ~ 92= .... . .1.~...•. .......:'. .•. . . .•...: :•.7.. . . .1.:.:.•... • -:.. ' '•, ~ • _ '.~... .. ~.. .. . •...• "~ ~ . ` .~ '  • ;.1 • •.• . . , . . 1 • .. • . . . ~ . . .. I 4: . ~ N , r ,
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, .16 - nem of Lhis- Casgt2W its proaissorf note e.idenoing said debt bearing date of Dooaaber 24, 1951, affi pSable at said bank nit»tJ-one (91S daTs fros said aate, vith intez+st at the rate of 3% per'annta flrow said data, be and the aaas herebT is in all respects appro.ed,-zati.'ied ani ooafirnsd. . On aotion of Kr. Sopevell, seoonded& by- IEr:• Osag.r, it vas imeaimnslY RffiOLVP.Ut That the action of 0. 0.•Deaiss, 'heasurer, and l. H. Weiake, Assistzat Tioasu,rer of this Coai.ary, in tenering on Daoenber 24, 1951, on behalf of this Ca=pe.tW, the loan sads eeptc:Der.24, 1951, frcm ibs state Ylanter. Daak and Trust Cc=~a:p, Riah:aon3, Virginia, in the eus of Fi.e Eun<ired Thouaand Dollars ($500,000), aad in rsaouting and dsliwring.in the raas of this Coapatp its proa- issory note-e.idsming said debt, bseaiqg date of Decaaaber 24, 1951, and payable at said bank ninsty-ons (91) dn.7s fraa said date, vith interest at the rate of 3% per aaatm froa[ esid date, be and the saw hereby is in all respeots-appra.ed, ratifiad aad oonfirsed. , Oa totion of 1lr. Hopevell; seconded by Mr. Gruber, it vas ®eaiaouslT 'ItT30QAEfl: That the folloring espla7ssats be and the sss hrieb7 are in all r+spsote appro.edi, ratitisd•aadt oonfiresd: . - Lezington Leaf Dept. ' Jses V. Ire]aad • . W Tirnher - C . . . -: Iee R: 7coYsr, Jr. ' 8. ~illiaas -- ' . ~' Inuisrille'2iraaoh Sugeoe D. Rains I(aitlaad D. Lind&osr . At the rate of: Zffeoti.es r 12/3/A 64 . . -1/2/52 53 . •. . • a r- •Sl - •~ -- •. SS ~ ' , :36 . . . . - -'.9idoonsin Leaf Dept.• . • •Horsaa L. Hielsea lzho/Sl - - 32/1S/51 -8an Traaoiwo ofiice Tirginla Onzsi : 1?.S0 par veet 12/3/S1 On motion of Ltr. Peak, Noondsd by ltr. 0'mber, the folloving ad.ertisLa azpendittses, all of Vhioh ar a psrt of and vithin the sns of mneT authorized by the Board of Direotors at a meting hsld Cotober 18, 1950, for an advertising -ptosaa dcstins the year 1951, vere in alLrspeots approved, ratified aad ooa[irssds SatLates.of .UMen & Mitohell, Ino. aa foll,oVn: • : f339,- Revision 1, dated Deoaaber 6,-1951, covering radio adeertLing of HtI0G8 Pip. I[izture (hitoh-hibs aosts, Origiml Aantna Hour), April 5 through Deos.b.r 6,' 1951, at a total cost of g5i3.3t; . - . . - . , - ~ . • . . ~3SS; ~t~ Deoeab.r 6, 1951, covering t.leTision,ad.ertisiog of EtIOQS Pipe !tl=ture (hitoh-hils oosts; Original Artna Eoer), Au6nst 14 through D.oeaber 25, 1951, at a tatal cost of $2,000.OOj ~ _ - f3S8, Re.ision 1, dated Deossber 3, 1951, ooverin,g oost of nigatit*s and editina of television fila for ad.ertising kIJ3IEL Cigars on various prograas, Juns 5 throu& D.oeaber 3l-,- 1951, in the sva of $1,207.50; . -. . ~ _ • ,. #340, R.Tision 1, dated Deoeaber 6, 1951; Jooariag radio edwrtisina of IOAItL Cigars (hitoh-hiloe oosts, Original Asateur Hour), April 26 through Deoember 27, 1951, at a total cost of $970.25. . . I - . .-. .-.- . $40 par r.ek I
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On sotion of )(r. HallsT, ssoon4ad br Yr. IIoparall, it ws nnaniam.J? . . . . . • - . ' •- i • 1kZ80LVM): '1'bat all obeoks drawn aeLinst aay of fhs •fimds of the Cassanf on deposit Mth Citizens aidslity Pink and Trust CcajszW, inaisville, Lontno7Cf, to the orsdit of ths Bavinas Boa3 Aoeasmt of ths InnisrilLs Branob of the Coapany, .bs.ll bear the sigaaturas of atv two of the follarings . !. D. Seslsy •. X. Blunk- • J. J. BarjriaQ• a. E: veno. - l A. J. Chssk . , H. C. Esrtlins A. Lin+oaid 'lbis resolution svpsrs+d.s all qr+viow t+solations in t+gard to ths sigains of snah absoks. ' TAs B.oratar7 laid before tbo meting tds follorinat Agrseasnt dated Dsoosber 5, 1951, Mth A. D: T. CojQaay, s"lsarntal to and aspi.fing oonosarently vith agreemnt dated No.emD.r k, 19k8, for installlntion and mintent»s of Central Btation BsaglnrT an4 Sol.day Yrot.otion Ssrviw at the ConpanT's Louisri.llo, KT. plant, at an installation orargs of 91'132.00 and a saiatonenos oost of $57.20 per annusa, mmdsr trrss and oomlltions thsraia sst ontj thinh y
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, i r I -On aotion of kr. Hopesll, seooaded by Mr. (iraber,. it was uasniwouslf =SOLVAI: That the foliwing eaploTarnts ba and the sass fasreb7 are In all respeots appru.ed, ratified and ocafirksd' Isv Zork Offioe Artbar ?orster Angela Yartin _Lthsrine Wollntadt- 7ani..ille Branah Joha W. Raiss gt ths'rata o?: Zffeoti»s $SS per veaY 12/3/51 _. J02 .k0 . . . : . . .12no/51 12/12/51 .•.. r. 12/1T/51 . On aotion of ?8r. Ha12s7i -asoonW by Hr. Graber, it vas -nieouslr RCBCLVZD:" Shat"tka lolloaing inoreaas."in salary of 8alssasn, beina- innidsnt to tYs terss of ee.larT agr..msnts or to establiatad salary rate sohadulas oovrrir~3 work aasipneats and in operation of an setablieh3d plan of sa3srJ inoreases bacsd upon rsrit aai/or length of servioe vithin establiabad rate ranges, be and the ws hereby are.in'all respsots appro.ed, ratified aad eootirsad: . . . lraa the rate ofi To the rate of: Ziieoti»: G"rbq C. Earr Ldsma C . Liagls ~5 ~ ~ ' $50 ~ ~ •Y . 111/12/51 1/26/51 Paul J. Bash • 'j ' 4 • - 50 ' ' 121051 // Josaph Y. Duranta '30 22/12/3 ~- . , - . . RMMRLa: Shst the inoreasa in salary of Catbsrins Con3on, er>loyed at the IIsv Tort O;fioa, froi the rate of 051 per veek, to the :at* of ;5S par reek, effective D*oenber A, 1951, by reason ot additioonl responeibilitioa and being an iadividaal narit iaoreass in opratian of an establirhed plan of salary inor+ases Lasad upon asrit an3/or length of service a'ith2n establiwd calarf rate ranges, be and the saas hereby is in all r.s}vota abprbred, ratified and oonfirasd. ' ~ SDS SeoretarJ laid before the .retirg tlse, folloring: Wers.at dst.d D.odber. 3, 1951 with A. D. T. Conpany, 'sapplerntal to and rrpirir,a concurrently vith agroeaent dated 8sptesbar 27, 1950, for instal2ation and asiatenenoe of Qatc.haan's Raporti.ag aad'limnl lire Alara 6orrioe tour station at tbs Cocgany's 8iabaard, YirBiaia plant, at an instillation oLarg+ of $28.31 aad ~ asalntenanos oost oS Pk.20 per aaau:z, tmd.r toras and ooa3itions therein sat out; Laaaa dated Avveabsr 13, 1951 froa fts 2100 Pqns Cos:paip of Eoaa.306 Tila Ezoban®. O D]ds., C1.»laad, C3io, for om year fros: Januarr 1, 1952, at an annual rental of ~ 4900., pe,fabla f0athlJ In ad.aaw, umder t.ras and oonditions therein set out; ~ Lsass dated IIo.ember 20,1951 fros IatWsra fnvest= nt Co., of Rooa 3k2 7aadsrs ~ , Bprin~i+ld, !'.p., for two years froa Jannarf 1, 1952, at a total rantal ~ o~. ~p~abL sumthlf in a3.aaoe, nndsr: teras and oonQitions ther.in wt onti w On fotion of !r. Hop.rell, seoood.d'ip Jlr. Jaass, vas in all raspects appronad, =atifiad and oonfirs+.d. . . I ~.,At aotim duly msds and ssoond.Q,'tLa aseting adjoarnad. 4sistant 8eoretary oa aotioa of lbr. $a1l,aT, seoonded by Mr. Orabar, tt vas :maaUaous1Y . . . 1 u
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I 15 D.ceab.r 26, 19A A regular sseeting of the Bieoati.e Coaaittee of P. Iarillrsd CoaTaa,.vaa Leld toda7 at tlra office of the Cos;,oatyl, 119 West 40th Btreet, ber York Citl. 2brre vsre present IMssrs.s E, A. E,ant E. x. Oang.sr . . • _ Y, J.• 8allrl • l : Hopovell I . H: -Peak : L. Oruber '- r ... A. laaiss c A. T. Yosssnor, AssLtaat' Beoretarl . ~. . _ . ,• r - Mr. Lat, Presidant, presided and the Assistant Seoretary aoted as . 8eoretary of the aeeting. . ~ On aotion dall sflds and sepondsd, tb.-reading of tt».ainuts of the previous aeeting vas dispensed vith. • On notion of Mr. Hepessll, ssoonGed by W. Oaagrr, it vas :maninonuly BE3ai.VED: ?hnt the action of 0. 0. Daries, l4eavm-er, and l, E. Yeiske, Assistant i}•easu:er of this Coapany, in borrovina on Deoe:ber 20, 1951, on be- Lalf of this Ccapaq7 frosti me Public IIationsl Bnnk and Trust Cozpanyj 37 broad Street, Aev York, Ecv York, the sus of Ons Million Dollars ($1,000,000), anS in •zeoutiag am3 deliverina in the nsas of this Coapar,T its proaiscor7.cote s.i- drnoing eaid dabt, bearing said data and po,abL at said bank nlnstf (90) days tresf said date, vith interest at tLe rate of 2 314¢ per ar.aaa ft•oa aaid date, be and the sam. hereby is in all resppeots ayproved, ratified and oaofirrasd. Oa srotion of Hr. Hopewll, seconded by W. Caager, it vas.tmaalaoqsl•T 8780LV~s That the aation of 0. 0. Da.ies,.ireasurer,' and l:'E. iteiake, -Aisistant 4Yessurer of this Cozparyf, in borroviag on Deoadber'20, 1951, on be- Lalf of tLis Co=p=W fron She Sev York Trust CoEqpany, 100 Eroadus,, Gv York, Eev York, the sun of One Million Dollars (,R1,000,000), and in ezaaatis.ts eas deliwrina in the nana d this Company its prnsissorf note e.id..noi ;3 'said debt, V bearing said date aad palable at said bank ninety (90) days fros said date, vita interest at the rate of 3% per.anntas from said date,.be and the taa. Larebl is in all respeots appror»d, ratified and oonfisas+d.• .. • • . . - . " .. . - ( .. . .. On .otion oi Mr. HapQrell, ssConded by ltr. Oan$er, •It vaa u"Lwlwvraly RT80LM: That the notion of a. 0. Davies, 34eusirer, and l. E. Weisks, Assistant irdasurer•of t'As Conpnsp, in borrovi.n3 on Deoeabar 20; IM, on behalf of this Coayanl froa The Fev York Trust ComparW, 100 Drood..V, 1Ber York, - !er York, the mm of One Hillion Dollars (v1,000,000),.and in exoetrtiag sai ' deli.ering in the naw of this Cos,parjy its praaiesorf note e.idaming said Q . :dabt, bearing said date aad pa7able at said bank ninety (90) days froa said pb date, trith- intisrost at,1ki rate of 3* par aanta 2kon said•,dat1;' ba ssnsi t8e -~ i+r harebT Is in all respeots ap7roved, ratified and oonflrsed. • r: ~~ ~ On aotion of Mr. Hopewll, ssooodsd bT 1lr: Gauger, it vas anshiaonsll "p R?SCQA~: That the aation of 0. 0. Davies, Tressurer,'sad l. E, Weiats,~ Assistant Treasurer of this Cor2asy, in ronaving on Deoeaber 24, 1951, on bs~ Lalf of tAis, Coapany, the loati rr.ds Baptenber 24, 1951, fY'oa i'ba Citlaens lidelitl Yank and irust CoMotty, LouisvilU, Ssntnobr, in the sr of liw HtimdreQ ftoaaaad Dollars ($500,OC0), and in esooLting and delivering in the ,
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.2.....r-.TS--- L._ .L. I. D. BwLey •. E. Hlssak J. J. ~arpring - a. E. vrno. _ A. J. CM:k ` I. C. Yattling A. Lir.oaid yro.i.dod thst no chook so drarn is to be hoaos+d by said Bank nnlsss yrss.nt.d trithin thirty deJy frcn date iaswd. This resolution ssperrsdss all iss.ions rssolutions in r.bsrd to the siCning of suoh eboks. " On aotian of Mr. HallsT, ssoooded by )tr. Eopsrell, it tras unaniaoosly !K'~.40L9IDf Yhat all cbsoks drawn asainst any of the flmds of the Coapan• on deposit vith CStisen.n FiLelity Bank nnd Trost Coeepsqw, Louis.ille, Lontuob, to the orodiL of the Dognlar Account of t3s E,entu,olcl Tcaf Doprtaent of the CoRpaay, shs11 bear ths sig:stutes of aqf t.o of the follc+ingt I shall D.ar the sigaature of aW one of the following: On sotion of )ir. 8s11sf, seoondnd by Er. Eopovsll, it was unsniaousl,f ...•P380Q.i'=t tMt all checks Qic.n aFpinst an1 of the ft!ds of the CorpeW on deposit vith Cititons Yir:alitl Bank sa1 Trsxst Cospamy, Louie.ille, LrentaokT, to the oredit of tt* Pa7roll Aooount of ths Louisville Braaoh of the CmpaiyT, ti I. 1). E3..1e7 _ •. S. 81nnk - J. J. Ssrpring B. E. Qana. ~•.J.C:!D.k I. C. Fort2ini A. Linoaid ., _ ' Ws resolntion svperssdes all pri.ions resolutlons in regard to sigsing of such checks. the -On awtioa of )!r. Ball+sfs ssoond,.d by l1r. Ecporsll. it was unenisously f 1]CSC'L4ID: . S6at all ebsoks Esavn s{pinst ty of the f:mis of the CcR!PaZW on flsposit vith Citisans FiGlit7 EsaY aad Trast Ccapa.W, 7ouia.illa. tentuab, to the oiodit of the Yhfroll Aooount of t~:* S.nttialpr Lsaf Dapa,rtn.nt of tLe ComqatWs shall bear the sigats~s of sxw one of tbe following: ~ 'E. D. sesLy . ~ J. J. Enrpring r A. J. Craak '_ I. C. Tortltng A. ri,,.,.ia yro•idsd that no check so drawn is to be honoi.d by'said P.eak unless ye+ssatod sithin thirty days frsz date issued. This re:olntion superssd~es all pt•..ions resolutions in rege.rd to the sigaing of such cLeoks. ~ -Oa sotioa of W. Esll,.7, ssaond.d bJ Kr..EaPsvsll, it .as unaniaouslj MCL4ms That all checks drsvn apdnst any of tbe funds of the Catpany on deposit with The 11rst Batioml Bank' v2DanT11L, Dan.i1L, Virginia, to tLs t ".....*~t , u c ~ IND, ~ ~ CA r; -
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n oredit of the Payroll Account of the Dan.ilU Leaf Depart.ent of t.Le sLall bear the sigsstiu+ of aqT'ons of the follaringt E. R. Patterson - J. V. Pil.e A. B. Serard Louis H. Lina.eq Aaale Z. 6oritggs .' .13 Cos:yanJ, pso..ided tbat no check so Q=svn is to be honored by said Bark timlas prewstad rithin thirty days froa dats issusd. This resolutina suparsedes all previous rasolntions in regard to the signing of such ohaoks. . .. , • . • On motion of Mr. Sa11eJ, seconded by Mr. Hope+rsll, it ras vnaniaonslj RL40L9ID: Thst all cb.oks drstn apsinst s.W of the ftmds of the Cospeqf on deposit with First Xationsl Baak ead Tru3t Qcrxq, Iwzi:3ton,• Loatuoly, to tLe credit of Us Payroll Aooount of the Sazi=oon Leaf Tnpartrsnt of ths . Costpany, shall bsar the sigaatcQ+ of s.W ons of the follorirygt ._ E. D. BeelsY J. J. FArpt•ing C. C. 8pissu S. H. Bhinkl. resolutions in regard to the sipping of suoh nbsoks. proTided that no oheok so dra.n is to be honored by said Eank tmless presoateQ within thirty da7s fres dats issued. Yb•.resolutioa suy*res8ss 611 previous On aotian of i4•. Ha1Ly, seconded by kr. Hopewll, it was nrisalimous7y Rt8C1YIDi 'mat e11 oheoks dxe.irn against any of the ftnds a2 the OospasW _-on deposit vith lirst end Y.rrokbnts F.atiosl Fank, Riobaond, Virginia, to ths erodit of the Payroll Account of 't_s- G'hitlook Branch of the CorzDatsY, aba11 __ bsar the siWAture of any ons of the follovingf o 0 r H ri .. , s nann 6 . Freaden . ~ II. 1(. 0: iff in i : : kingti.]d 1 pror3Csd tbat_no ohsok so drawn 11 tD be honoreQ by caid Eank unless pr.sentod within thirt~ dqs fros Zits lesueQ. This rseolutiaa supsrsodes s11 previous resolutions in regard to ths.signing of such ohsoks. . • • - - ~ On aotion of lh•. Ha1Lf, seoonded bT Mr. Eopssll, it was tmsataonsly R'RSOL9ms ibat ell oheoks daarn e.gairst s.ny, of tbe funrls of the CoapW an deposit with the S1,deon County Satiosal Bank, Jar[+s7 CStT, Dav JeroeJ, to ~.~ the credit of the Payroll Aoooimt of tLa Old Gold Branah of the CosTany, bear the sigm.tia+ of any otn of the follovingt aioall '" tieg 7 , ~ . . J. A'. 'traus Y. D. Olerson Y. iI. B3rn . , . . ~~• provided that no check so drawn is to be hancted by said Eaak ssnless pt+s+etrtsd within thirty days•froa date issmd. This resolution sapsrsedas all prsvioas "solntions in raprQ to the sigaing of suoh oL.oks. .
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i { t a oost of 43,600•00• ' Deossber 25, 1951, at a cost of $1,578.64; f384, dated BaTenbar 27, 1951, oa.ering radio•adeertising of OID OCIi) Cigsrettes (12 originations of 'qn+oa far a Day` prograa).during 1952, at Dsvs Irxroadcast over Btatiob VS2R Syrsouaa, lf. Z., Novozber 23 through i'hs Bearetary 3aL: b::~-a tts n.eting .tbs follc+ring: - instal2auts in saiaaw, : .i b af vhich ~~ . ._ . - :./ ` . . _ . r Contract dated Bovesbres 9, %9iZ rith Carbide and Carbon Cheiioala Co!panw, -• Aev Tork, II. Z.,-for p43c:iw of ProIIylao6 Olyool for sse at tbs Jer:ay City,- Y. J., 7or3a.illa, X.Y. and 2;icb$:rd; Va, plants Ot the Coc;mny, Septoebrr 1, 1951 through Av,3ust'31, 1952, un3tr-tiras and oorditions tbSrOin cet ontj Lase datod Ootober 10, 1951 fraa min.rolding Cozpow (J: 0. Baft & Co., Iao., AEsnt) of Eo= 211 Taoa3vay-Bter,ns Euilding, Ca=tan, a. J., for oos year froa Janvarr 1, 1952, at an annual rsntsl of 4g10., pqfabU soathly 1n sd.anoej Lass'dated Ootcbar.3,'19rj1 froa Sylria B. Robrish of Hoos 307 PubliaLer's Baild- tag, 131 C2.as•efflon St*eet, Boston, 3sss.; for aae year frca-Jaanary 1, 1952, at an anns~al rental of t2100„ pq7able aonth]; in ad.anoe, and.r teras aad conditions thsreia set out; Leass dated rocor:barl9, 1951 froa h'ansin EealtT Corp.; of office 203 Boulsvard Buildir_-, 2~59 r-rie Bon1o-rard; Vost: SJraanse, II. T., for ons year frc® Jaauesry 1, 1952, at Gn amtnl rental of ,`•430., and an cdditicrsl cbr.rL+ of 00. R**"°a?.~• for Z:nitor esr.ice, both Fafable in.eqrsl aoathay inatallmnts in ad.ancs, imd,ar terms and oonditio3s tharein set out; - • - ' . ~ . . . • . Lease dated Deoeesbsr 3, 1951 fyo= J. Solis-Cokan, Jr., Agent for 1225 Tins Street 8ailding, Ino., of apsoe in bui2-4ing located at 1225-27 4ine St~et, Pbilsd,elphia, Pa., for two Tcars frau Jaansry 1, 1952, st a totsl rental of VOFi00., ps,yabla nqntILU in abraaoe, ttad.er taras and oonditions.tbarein set out; Leass dated Ea.ember 27, 1951 fron tartin BuiLling, Im .(Btsnls;c Y. Arabsia, Ino., Agont) o2 8ooas 218-19-20 Ksrtin Bnilding, Pittsburgh, Pa., for ons year fro. Jannnry 1, 1952, at an aaaps.l rental of Y2,132.50, pefable In equal .oath7y~ . _ . . . ' . .. . ~ . ,~ . • ~.. • ! : .. -_ _ . . . • : satifi,od and oonfir.ad. ' - On notion of 3'r. Ganger, aeoond.d by 1lr. !)rabsr, oas in a12 sespeots aP9ro..d, . - . - ' . ~ . . / ssoooSsd, ths asating adyourasd. ~ ~, .. ; 10-leoc l . Z eeo:.tary. ri
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=-R:-=. : - ~ i ;. . D.oabsr 19, .1931 . 1! A regular sssetiag of the Ymeoutire Consittee of P. L9rill.ard Ooapany vaa belll today at.t}s offioe of the CoipcaW, 119 West 4Ot1: Btreet, Ner York City. }f B K O - ' sa~ r sssrss present..., rhars wre _ M. J. YALLeP - 7. F.uPs+rsll 'I. H. Peak J. J. ffiaakaall L. Orvber• A. Janes . - ,l. 7. Woessnar, Assistant B.oretarT Ia the absence of Nr. S.nt, Prsia.nt; /hr. B. ll. Oangor, Zzeoutis 9ioa Ptesiddnt, presided and.ths Asslstant SeoretarJ aoted as Cearetary of tha meting. _ _ On motioa duly aads and ssoaodsd, tbs reabiaa af tLs sdautes at the yre.ioas seeting vas diryoased vith. On srotioe of llr. Psak, seoondad,bJ 1r. Hopmroll, it *as unsaisousl? ` 1tL40QM: that the sotioa of 0. 0. Da.ies, 2resna•er, :ad P. E. Meisks, Assistsnt :rsastsor of this Ooapan7, in borroriaS ba Drocsber 13, 19.51, on beLalf of this CmFnn, froa i'bs Ltno+er Esak, 70 Lroa3vs,7, &a+r York, the sa of Oaa }[illion Do1L-,rs ('y1,000,OC0), and in ezeouti=3 cad d.li.erisg in tha sass of this Co=paq its proaiasory nots s.l.deraic43 ssid dcbt, boosing caid date and payable at said bank ninaty (9*) Gafs frc' raid date, vith intcrest at tSe rats of 2 3M per annm iroa said dsts, be and the saas hrrebP is ia s11 respeots approved, ratified and oonfirasd. On notioa of kr. Psak, ssoonRed brlEr: Hayrnll, it vss :maaislously k=SOLVID: 'IImt the action of 0. 0. Da.ies, Treassaor, ead T. H. YaisLo, I Assistcat Treasurer of this CC--VarX, in borrovir~q on L'socainer 14, 1951, on ~ bsLalf of this Cc=pazor froe Sts 2'aanfnatiaers gnst Caqvsz•,f, 55 I:rw..d Street, ' ker York, Ser York, ths cua of Ons tii]11cn Do1Lars (;t1,000,COO), ar.1 in ~ azsontira and E.li.aring in the nass of this CcmpaZW its yramicacrP aab ' aviCsnoir3 said dabt, bearing sai,d ddte and pnJable at caid L•sa3c ninei7 (90) ~ daJs iYca ssid L:ta, rith intsreat at ta rate a! 2 3/4j por saz.a fro•sa aid 'date, be and the saae-beroby is in all resyoots approved, ratifl9d and ooo- ~ firmsd. % 'On aotion of ?r. Ba11.P, seoendsd by )[r. Hoprsell, it ras urshainoual,7 t a h k d i f th d EffiOL~fID Th t u f ' a a o so s rs.a app ns . aj o mm s of t ~ 1. : zs CoOz=zw ,oa dsposit vith Citizens YidelitP Eank c=d*SA-wt Cc=osnT, Louia.tilo, Santmlw, to ths credit of tbe Fsgu2ar Aocount of •the -Louis.ill. Sraaoh'of the Cos;paw, shall bsar the signatures of sny•tvo of •ths foll.ovina: E. D. See1sT O rQ .~ ~. ...~...~ r . . • :. .- w ria J J $a s rD ..• . , - 11_ A- 7nnee • - ~ ~ ' • - - • ... - I%j •. J. Cheek - - ~ IL C. £ettll" . _ . . . = . _ •rt,.e.1 d . . I . ~. . . - . . . _. . " ~ ?his resolutioo.snp.rsedes all pre.ious•r.solutioasia rempid totha .. I iog of suah ob.oki. - . . •. , ,.. r ~ .
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. - •-----.~-r---f-----_.~ - . Deosmber 12, 1951 A regular seeting of the Eseoutive Co=aittee of P, Lorillard Costpany was beld toda,y at the offioe of the Cospaay, 119 Cest kOth Street, Eer York City. • Shers rere present lbssrs.: H. A. Sent _ V. J. Pslle7 J. J. Blaokasll .. . .. . . • -r b L O er . ru A. Jaaes - :Sodrl-vool . Itf. Lsnt, President, yresided and the SAoi+tarf acted as SeoretarJ of the meeting. ( On s»tion duly snds and seoonded, the reading of the ainvtes of tLs previous s»eting vas dispensed vith. On aotian of Mr. Oaagsr, seconded by ltr. Jasrs, it ras umaimusl7 IMSCDPIDs TlYt tbs action of 0. 0. Davies, Treastia+r, an3 P. H. Veiske, Assistant Treasurer of this Coapaay, in borros'ing on Deaeraber 3, 1951, on behalf of this Coapsn7 floa Tbs EanY.ers 'LSrust Coz;arp, 16 Va11 Street, IIev York, Her York, the sta of Cne Ifillion Doll.ars ($1,000,000), and in ezeouting and delivering in the saas of this Company its pro:isaorf mte eTiLenoiag caid debt, bearing said date and payable at caid bank ninety (90) de,rs from said date, with interest at the rate_of 2 04% per effita froa said dste, be aai the eans hereby is in all lespeots approved, ratified nnd confir•asd. On srotiaa of Mr. Oanger, seoonded by Mr. Jsaes, it .as unaniaousi,j t: ! 10~',mYms That the action of 0. 0. Davies, Treasurer, and T. H, Veisbs, Lsistaat Treasta•er of this Cam;axy;'in borrowing on Deosaber 10, 1951, on behalf of this Coo:?wy fro. The Pnblio Lational Dank and Trust Cacgany, 37 Broad Street, fee York, Lav York, the sns of Ons ltillioa Dollars (`vl,000,000), and in ezsouting and delivoring in the nss of this CoYOaay its praraiscarT tote evidencing esid debt, bearing said date and paynble at csiII bank niraty-oye (91) LaTs from said date, nith interest/at the rate of 2 3/h% per annua from said date, be and tYs siss hereby is in s]1 respsots approved, ratified aai ooafirasd. " On notion of 15r. Oaaiar, seoonasd by Mr. Jses, it was maniaously . USdDPID: That the aetionof 0. 0. Da.iss, Treasurer, and T. H. Qeieks, Assistant Treasurer of this Co=ysyf, in borrowing on Deoeabsr 11, 1951, on behalf of this Company fros Tbs Ovaraail RYust Ccerpary of roe York, 100 Lrosdea7, =ern York, Sav York, the sva of Ons Hillion Dollars (vl,000,000), and in ezeouting aad !lslisrirg in the neas of this Compatq its prwissory note e.idenoina said dsbt, bearing said 4ato aad p3yabls at said bank ni~cat7 (90) dafs from said date, with interest at the rate of 2 3/4% por.nnma fron caid date, be anS the saas barebP is in all respeots appP:wed, ratifiod and ooidiraed. On notioo of )tr. Oangisr, ssoonrLd by lbr. Jass, it vas -taoualy B?80LVID: That the action of 0. 0. Davies, Treasurer, and T. H. Veisks, Assistnnt Treasurer of this Cazoazw, in renaving on Decaaber 10, 1951, on bshalf of this Company, tbs loan snd. Septezber 10, 1951, f2co The sirst aatiooal Eank of Danrille, Danrille, Virginia, in the sue of Ons Eundred 'ghousan3 Dollars ($100,000), and in ezeoutiag an3 delivering in the nms of this CoULDnCY its pe+oa- issor7 nots evidencing said debt, bearing date of Dsaeaber 10, 1951 and payabL I
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at ssid bank ninetT-ons (91) days from said c.ate, rith iats•_-est at tbe rats of . 2 3/4 per nnaua froa sasd date, be aul•tbe seae hereby 1s in all respects approved, ratified and oonfirm.d. -- - On swtion of Mh•. Ganger, seoonded by Imr. Jams, it tias Uamiaously RE80LVEDt Ybat the action of 0. 0. Ds.i.es,.Tzeanaer, anS s. H. WeisYs, Assistant Treassarer of this Cos;an7i ixn renesirg on Deoeaber 10, 1951, on behalf of this Covpanf, the loan sade Septcaber, 10, 1951, from Ths 7L-et & larrc3ants Rational Banh, Rlchmil, -9irPinia, iif the sua of Eann ficmdrod Thoasand Dollars M00,000), and in eseoutina s.na delieering in t*...a nay of this.CoV^,nnT 1ts qraaissorr note eti3enoing said debt, boarirg date of Decesbor 10, 1951, an3. payable at said banl: ninetT-ane (91) dATs frwi said date, vitS intorest at the rate of 2 3/h% per anntia froa eaid Cate, be and the saae hereby is in all re- spots.approved, ratified and oonfirs+d. t. . . . _ - . . . -On wtion of Nr. Ganger, seoonded by Mr. Jass, it was umnnlaousl7 RffiCR.9LDs That the action of G. 0. Davies, Z7reasmer, and 7. H. Weieb, Assistant '~~easta•ar of this ComyanT, in reneving on IIeoozber 10, 1951, on be- Lalf of this Coripaxy, the loan nade Septcmber 10, 1951, 1Yca TM Virginia Trust CoanenT, Riohmond, virBinia, in the eua of 21+o fimodred R'honaand Dollars ($200,000), and in oz»outing en3 delivering in the raao of thia CvJpatp its praaissory note erlGnaoirg saiel 3ebt, bearing Cate of Taoasber 10, 1951, ar3 payable at said bank ninstf-orns (91) dus fraa esid deto, Mh intsrest at ' the tnte of 2 3/4 per aanm froa caid date,.be and the same brebT is in all respects appro.ed, ratified and oonfIrzsd. On mtion of kr. Ea11eT, ssoonled by 1ir. Oruber, it vas naaniaouslf ffiSC:LPZDs That the esplaqnent o2 Carroll H. Baeaett, as £slesson, at i sslarf at tbe rate of $50 per rssY, effective Deoerber 10, 1951, vith the . authorization of the Sales Dept. ard tbs epproval of ToC3 Woo1 an3 W.J. Ealley, Tioe Presidents, be and the saas hereby is in all respects approved, ratified . • and confirsrod. . c On swtics af k5r. Halla7i onconded by t*s. Cangsr, the follo-iiag abwrtising azpendttiaes, all of vhioh are a psrt of at3 viYhin the ciza of not:a7 autiun•isod - by the Board of Directors for an adrertisin3 pro--aa with respect to the year 1951 at aeetings he13 Ootober 18, 1950 er3 September 19, 1951, and vith respect to the year 1952 at a mHetirg beld Septeaber 19, 19g1, vere in all respects apyro.ed, ratified an3 coufisssd:o l . .. C . ~. ..... sstimtes of Lsnnsn & Hitcbell, Ino. as follaas: #335, Re.ision 1, dated November 30, 1951, ooaering radio ad.ertising of I CRD OOID Clgirettes (sponsornhip °Scandinavian Yalodiee'), over Station vI.OL, •. .lti.moeapolis, Kinn., Juns k through December 28, 1951, at a cost of #12,000.00; ~ - ~ f'348, Revision 1, dated November 30, 1951, ooesring spot radio adeertisins of 01D GOLD Cigarettes over Station WnJ, }lil.eaube, Wis., Juas 29 through Dsoeaber 8, 1951, at a oost of 0,410.00; #353, Re.ision 1, dated l(o.eaber 30, 1951, covering radio advertising of~ OID 00ID Cigarettes over 8tation WM, Bin,gha,apton, H. T., August 27 throtgh -Deoember 25, 1951, at a cost of #3,h18•13; ~369, Revision 1, dated IIo.eaber 26, 1951, covering ad.ertisina of 07D OOID CiMrettes in trade papers therein .et out dsring 1952, at a owt of fi1A,907.05; f38-', dated Io.sber 30, 1951, covering a4sertising of 07D OOSD Cigarettes on ,
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, s -" Deoeabsr 5, 1951 A regular meting of the Ezeovti.e Co=ittee of P. Lorillerd Conpan7 ras bsld todey at the offioe of the Cor,pary, 119 Vest hOth Street, •8av York city. 'lbsre wre present lfassrs.t Y; A. Sant the seting. B. x. Oenger :.- V. J. sa11e7 t. sop.Qeu L. oraber :: aaaes Todd Vool" <. 1r. Sent, President, yresid,ed and the SeoretarT aoted as Seo:+tary of On sotion duly soda affi seoonded, the teading of the niantes of the pt+. tona meting vas dispensed vith. On siotion of Fir. Bopssll, ssaonded by Fbr. GanEer, it vas Umanisous),T HZSOLM: 'lhst the action of 0. 0. Davies, RYeasun•er, and P. H. Weieke, Assistant :reaetiaar of this Caspan7a in borroviag on Horember 30, 1951, on behalf of this CosDan7 from Yhe Natioml City Eaak of re* York, 55 Wall Street, Nev York, Nsr York, the ena of Ocs k111ion Dollars (41,000,000), ans in ozecuting and da- lieerina in the ntna of this Conpaqf its prasissorT nota evidencing said debt, bearinYq said dats and paTabls at eaid bank nir.3tf (90) days from naid dnte, vith interest at thq rate of 2 3P4 per amua from said dabe, be and the saaa hereby in in all respects ayproaed, ratified and oonfirnsd. On s+otion of lr. Bopevell, seooadad by 15r. Ganger, it vas -imuely RESOL9ID: 'lbat the action of 0. 0. Da.ies, Treaaa•er, and 7. H. Veisks, Assistant Rroasua+r of this Cozpan7i in ranevisg an Eo.eaber 29, 1951, on behalf of this CarpanP, the losn md. Augnst 31, 1951, from 7he Chaical Bank and Trust CorpanP, 3.65 ErosdvaP, Lev York, Tsv York, in the sva of Ons Million Dollars (,",.1,000,C00), anrl in eseanting ari delivering in the nsrs of this Cce:pan7 its yrQSissorT note aridenoing said debt, boaring l.ate of Bo.enDar 29, 1951, and pUabls at aaid bank ninety (90) days from said date, vith interest at the rats of 2 3/'w% Wr aaium from said date, be and the sa® hereby is in •a11 resysots apyrorad, ratified and oonfirned. / t J l I ! ~~ ~ ~ , Onotion H11eP ssoon'Ssd Byewll it v sai a of Mr.a, by Mr.o,aamaaotuly HlSOL9ID: ?bat the folloriqg eaployments be aad the same hereb7 are in a11 respects aypravsd, ratified s.a3 confirmeds Z.. York offioe l(~sa E1aan Charls. Baioel Ir.nslarikorios 7onis.ille Itrenah Oevrge v. iirtins.:. • tszinston Leaf Dept. STlrts Crank I 1, l , 4 , 1. I i At ths rate of: • #~mrvsok - Zffsoti.e: u/n/51 0 u/29/51 ~ ~. a 35 _u/3o/51 W $5300 per wmas 11/5/51 (11 $32 per r.ek u/6/51 :O N I I
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. Siohnan4 Lsat Dept. ..._V. Ea1R't caV' O1d Oo1d Dteaoh--= Y. Joseph Yiergio.anai On ssotion oS ldr. Oang+r, Zfirard J. De.lin Charles D. Lromer Bruoe A. 1ESokintosh Robert Y. Terloan •John H. Stookton BSSOZVi:D: That the folloving inaresas' in salary of Balesasn, eaoh effeotivs Deoeeber 3, 1951, being inaident to the ter.s of salary agroesents or to establis2nd salary sate schedules aararing rork assiacrnts nad in opsration of an establishod plan of salary increases tasad upon ss&rit and/or - isngth of osrrioe vithin establiehsd rate raa3.s, be aa3 the c.ae herettr are - in all respects appiw.od, ratified and aonfiasedt . ~ At the rsto of: =fricti.e: #k7 per neek 11/19/S1 _ ~. 50 ' • u/28/S1 seoondsd bi la•. Jaass, it/ras tmaniaousl.y Troa the rats of: $50 per vNk .f p  .  . 50 . .  S .. `. On ssotion of l{r. Oangsr, ssoonded bl>4•. Jaaes, It ons tnaniaouslJ •TWOLSa: TLat the folloving increases in smlarJ at the Eer York Offioe, eanh effaoti.e D.oeaber 3, 1551, by reason of additional responsibilities aad being irdi.idual' nsrit inareares in oqerati.on of an establictad plan of cslArf inorenses based upon rosrit and/or length of serrios vithin e stablia3ed salary rate ranges, be and the sms hereby are in all rsepeots approve3, ratified I ~ 1rosm the rate of: ~3 F:r-sek To the rate ofs $SS per w.k ~   n .• n SD To the rate of s $k6 p:r...ek A7   Carrie }foQuil]an 44   - ~7 • • ?be 6eoretary laid before the setiag ths follovingt assi ootsf irmsd: Taanis Ps+ooio _ 1l.rie lsaanl.ey Agreemsnt datsd October 31, 1951, betreen t3is Coevsnpr and Areriosa Properties Co., Zrn., eztandlsys Lease of Eooa 201, 443 BroaS StTeet, Heesrk, A. J., for a further tera of oas Jear from Jannsrf 1, 1952, urdrr tesss tad oonditiona set forth in said ]sass, at aa s.nnual rental of $1,110., papable roonthl,T ia ~ adranos, vhieh . - _ ~. , . _ . ;.. .. .;-. j on eotioo of 1r. ral197, eeoondad by 1lr. Oruber, as, in all respsct. C ~ approved; ratified and aonYiimed. On .otion of }!r. Jaass; asoandsd by 14r. Halley, it vas ®aniaasal, ~ ffi80LQSDs 'Eaat. this Ccnpasyy oontributs to tbe Tational loimdation for ~ Zafantile Para]JSis the sun of $1,000. O r - on -'otson of hr. Fa11,Uy, »oo i ~dsd by ~. Eopevell, ii ,na. tmsniaow l~1y BESObVX[: ibat this CoqanT oontribute to Burley ibbaooo Growers Co- opsrati.a Aasoointion, Le:Ington, T,t., the sum of $500.00, fbr oosbatiag burlsf tobaoao Hlaok Shaak dicoase. .. • _ - -' . ' , . . . . .. . r J On motion dnly s.ede and seoonded, the sssetiag adjoiart»d. 1 ' Beotetar,. i 6
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~ ., - - - - - r - - - - ~ -, • a ~ - - - To.embe•r 28, 1951 A regular meeting of the =sncuti.e Coe:nittoe of P. Lorillard Compnsp vas bsld today at the office of the Cos,pany, 119 West h0th Street, Sev York City. S'hare were present Iiessre.: H. A. Sant - R. H. C®ger V. J. Ealley ~, Hoperell J: J. Blackmll . L. Qrnber A. Jaaes : A. l. Yoesener, Assistant Seoretarj. c kr. Eent, Pf•esidept, presided and ths Assistant Secretary acted as Secretary of the nseting. On motion duly mde and seconded, the reading of the minutes of the previous mstiag vas dispensed with. On motion of 14•. Hopevell, seconded by Flr. James, it vas tmanimousl•,y R'ffiOIA&D: That the action of 0. 0. Davies, 14•eaeia•er, end T. H. Veiske, Assistant Trcasurer of this Coapsn•y, in reneving on No.enber 26, 1951, on behalf t of this Co=paqy, the loan made August 27, 1951, from The tiev York Trust Company 100 l~roedyay, ISev York, New York, in the sum of One Hillioa Dollars (~1,~,~1, and in executing and dalivc+ring in the nnme of this Comper~y its proaissorT note evidencing said debt, bearing date of So.eaber 26, 1951, aod payable at said bank nio.ety-ons (91) dqys from said date, vith interest at the rate of 2 3/4¢ per affium from said date, be and the sams beseby is in all respscts appro•red, rati- fied aad confirded. On sootion of Hr. Blaolmell, seconded by Nr. Oruber, !L vas nnaaiaouely SESOLVBD: That the following employmeats be and tLs sams hereby are in all respects approved, ratified and oonfirned: At the rate of: lYfectire: : . Old Gold Branch Matthew T. Murray, Jr. ;>E50 per veek 11/20/51 Louisvill.e Btano /h / J)largaret L. Hansford ): e 34 ~/ San Franoisoo 0ffice ! .  . . ~ ~ ~. ~ ! ~ 1i t 1: i Yalentine Hevell '; SS j 11/13I51 ~ _ On motion of Hr. Oanger, fseoonded by Mr. Blao Ikmll, it vas uaanimansl,j RffiOLRED: That the following increasee in salnry of Salasmen, each effective No.embsr 26, 1951, being incident to tho terms of salary agreements or to es:•ab- lished salary rate schedules covering vork assigaents aod in opOTatioa of an established plan of salary increases based upon Writ aad/or length of ser.ioe vithin establiabed rate renges, be and ths same hereby are in all respects approved, ratified and oonfirmed: ' '. c tj 8rom ths rate of: To ths rate oft ,~ William R. Schroeder $5o per veek =55 p;r ~Y Yillina R. Forsoa ~5 50 ~ Cw7 n U
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- .>a..-.++ ~..~....~ ~ Froa the rate of: To the rate od: F:enois A. Heinriche $45 per veek • =50 per .esk Jack F. Eorzecki 05 • • 50 • • • 1lRrtin J. Lampe 45 •  50 • • On aotlon of Hr. Ganger, seoonded by,lit. $qpevell, it vas umniaously 5 RESOLVED: That the increase in salgry,of Villiaa DuffJ, employed at the Fev York Office, from the rate of $52 per voek, to the rate of $57 per veek, effeoti:re 2iovenber 19, 1951, by leason of a4ditional r+sponsibilities and being an indiridual merit inoreaes in operation of an establlstnd plan of salary increases based upon aerit and/or length of serrioe vitbin establisLed salary rate ranges, be aod the same hereby is in all respects approved, ratified s.ad oonfir.ed. lhe Secretary laid before the meeting the follovin6: • 8ttension egeement dated Rovember 26, 1951, to contraot dated October 31; 1950 with Jefferson Chenical Co=xeqy, Iac., Hev Tork,.H. T., for purcbaee of diet2yf- Lene g17co1 for use at the Jerrcy City, N. J. and Louisville, 1CJ. plants of the Cocpetty, for one Tear froa JaniarJ 1, 1952, lmder terss aad oond.itions t2rrein set out; . . - .- .. , . - • . ~ approved, ratified and confirsed. On .otion of Y,r. Fr11eT, eeconded by }h•. Gruber, vas in all respacts Eenewl dated November 21, 1951 of contract dated Jan•sry 20, 1932 vith The Duplex Paper Bag Ccspnn7, Cincinnati, Chlo, for cale and delivery to this CostpatU of pepar bags for uae in jncklrg brende of tobacco stentiosnd tharein, for a further period of five yeare endirg F'aJ 17, 1957, under torr..s and condi- tions set out in said ooatract and in letter fros tbe D•.iplez Cozpexy dated October 22, 1951; . Lease dated October 16, 1951 frcp Lumber Fzoharge Corporation, of Rooms 313-1k Lumber Bsc.hange, HSnneapolis, H1nn., for one year froa January 1, 1952, at an annual reutaX of $1,008., psTnble soat}il7 in advance; . . . . .. , ~ eean of vbtch . ,- .
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J . , 2 ---~--- --.~-_~~ lran the rate of: To the rate of: Thasas !. lenton =5S per veek $60 per veak Herbert II. Itoare 45 • • 50 • • - . John R. Walter 43 ' ' 50 ~ ~ On motion of !r. HalleT, seoonded by Hr.•Hopevell, the following ad.er- tieing erpanditmve, all of vhich sre a psrt of and vithin the sum of oomT anthorised by the Bosrd of Directors for an advertising prograa vith respeot to the Tear 1951 at s7eetings held October iB, 1950 and Eeptember 19, 1951, and vith respect to the year 1952 at a mating hsld Septesber 19, 1951, vers in all rsspoots approved, ratified and ooniii'mod: - Zstinstes of Lennen 6}Litchell, Ino, as follovs: f36o, dated Eeptember 28, 1951, covering radio ad.ertieing of OID OOID CiMrettes (O:i3iml A--Ata¢r fiour) over Anerican Broednasting CoapaxW 2'.etvork for 52 veeks beginning eoptenber 27, 1951, at a cost of t.857,572.06, of vhich $239,759.h7 is to-be ohnrgsd to the 1951 advertising budget, a.ad ~6i7,812.59 to the 1952 ad.er- tia ing bvdEys t; " #361, dated October 22 . 1951, covering tele.iaion adsrticing of OSD OOID Cigarettes (Original Fsntetr FourS arer Laticnal B•oadcasting Ooapan,7 Telarision Hetvork for 52 .aoks beginning October 2, 1951, at a cost of $2,748,332.21 of vbich $5~,50'7.65 is to be ohar6od to the 1951 ad.ertising bodgst, a.nd $2,127,82~.56 to the 1952 ~ advertising budget; #365, dated October 22, 1951, covering television advertising of 0ID 00ID Cipirettes (2slf-sponsarehip 2'ed.iaon Sqvare Oarden events) over YPIS, October 15, 1951 t~ Apri1 1, 1952, at a cost of $326,000.00, of u6ich $161,632.90 is to be cLargod to the 1951 advertising budgat, and ^ylbk,36T.10 to the 1952 ad.ertieing budget; #377, dated October 26, 1951, covering prodnotion and r.cording costs for station breaks s.d.ertieing OIA 001D CiFpretees in Bev Yngland, at a total cost of. $508.79; • #380, dated 5oeesDsr 5, 1951, cm'ering full-page ad.ertisement for 0ID 00ID Cigprettss in klot Anai.orsary issue of Sbbaoco Escord, at a cost of $181.00. On aotion of 15r. Ha1Lsy, seoonded by Mr. Hopmroll, the follo.ing advertising / azpenditure, t'hioh i, a po.rt of and vithin the sun of oomay authorized by tty r ~ Boerd of Direotors at a sesting helQ October 18, 1950, fbr an ad.ertial.a,q piog=aa 1 dnring the Iear 1951, vas in all respects approved, ratified and oonfiraed: ! . / . Zstimty #381, of Leansn & KitcLell, Ina., dated Ho.enber 7, 1951, covering produc- I tion of Christmas television fila for advertising 1dl3ISL Cipprs, at a cost of rivs lorstary- laid befor+ the meeting tJms following: Iztension, dated Beptember 29, 1951, of lease dated August 8, 1950 h•oa Western i t WareLouaing Corporetion of stora va=e-houses ¢582 583 584 sad 6 i t i s 75 n c r o e , , D Casrp Taylor, 1(T., for one year froa Jenunry 1, 1952, at an annual rental of $5,500., ~ payable sionthlT in ad.anoe, under terms and oonditions therein est forth; w yease dated October 3, 1951 from L. J. Boz1e7 and Abney Bozlsp, Srustees for Q ![rs. Willy s. Bozle7, of Office 417 Boz1.eT Building, Boanoks, Va., for one year mph frost Janunrf 1, 1952, at an anaml rental of $358.88, payable monthly in advance, (f1 nM er teras and conditions therein set out; . • Q beass dated October 29, 1951 frostW.. H. lbore Co., Ino. (AgAnts for Nooz+ Bldg.) ~ .. ` 0 0
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7 of rooma'315-16 in Tbe Mooare Building, 1Gont,~-rf, Ala., for om year froa~ December 1, 1951, at an aTniual rental of $900.00, pa~faDle oontaly in aQsacf+I, under tsraa and oonditions therein eet out; Leaee dated Bovember 16, 1961 froa Rhe In,iiam Terminal and 8elYigerating Co., of Rooa 313 Ir.3lnnn iermimi I+aiehonse, In!J.inaapolie, IaQ., for ora year frca January 1, 1952, at an annual rental of 4760., p07abls nanthlJ in aQ.anr,e; eeoh of vhSah . . ~ " On motion of YSr. Halley, aeooaLed by 34r. Caager, van in all rspfa'e approted, ratified and ooatirned. - On ootion duly siaLe aat eeoonded, tho aeting adJomriwd. Seoretarr. c J i ti
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11 fo.enber 21, 1951 1 A regular sroeting of the Ezeouti.e Coaaittee of P. Iarillard,CoQpa:y ras hsld today at the office of the Cospnw, 119 West k0th Str.et, IIer York City. There vsre present 14sssrs. H. A. Eent , . - _ - R../[. Uenser / On notion duly pa" and saoondad, the reading of the ninutes of the ys.- vious sseting ras dispeneed vith. - Y. J. Halle7 T. HoPevell . J. J. Hl.aclmall L. Gruber A. Jare s -' Todd Wool .- Mr. Kent, President, presided and the Seo:etarT aotsd as Ssorstar7 of assting.. _ • on siotion of Mr. Hopevell, seoonded by kr. Jars, it waa unanimously R390LYE): That the folloving emplafmsnts of Salesmn, vith the authori- zation of the Sales Dept. ani the approval of Todd Wool and Y. J. fiallsf, . Yioe Presidents, beand the saas herebf are in all respeots approved, ratified and oonfirmed: i At ttis rate of: Sffboti.e: Warren J. Bullis ;50.por vesk 11/19/51 Donald D. Carr 50 Richard O. Johnson 50 ~ Rqinond 0. Regoer 50 ~ Kslrin J. Soott 13 . . . On motion of Mr. Hopevall, seoonded by Mr. James,  .. . it vas tmaninously R=SOLVED: That the following employesnts at the Aer 2ork Offioe bs and the sass hereby are in all respects apyro.ed, ratified e.ad ooafirned: . ;.l . __ . ; akm.e adne ( Don aldredge John 0. Jsae. 1Qzrri7 Fazson At ths rats /of: -VA per , ook Yiltrid Parsons Am3e Sahvart: Hattie Koncelik Gocrg* Mackie lbrtle Martina ,in all respects appro.ed, ratified en3 confirmed: operation of an astablished plan of salary increases based upon writ ard/or lsngth of service vithin established rate ranges, be and ths sasis hereby ar or to established sslary rate sohedules oo.ering vork assigaoents ani In ~ . . r1s ~k . ~ . i 43 . ~ . . . 110 38 TT .. . ••4o - . I r . RYSOLVHD: That the folloving inoreases in salar7 of Salesmsn, tach affeotiie ttossber 19, 1951, being incident to the tsrms of salary agreessnts Ir , i
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