Tobacco Documents Online

May 21, 1941 65 A regular meeting'of the Board of Directors of P. Lorillard Company was held today at the office of the Company, 119 West 40th Street,. New York City. There were.present Messrs.: G. H. Hummel G. D. Whitefield H. A. Kent 5P. J. Halley J. J. Driscoll J., S. Freeman J.. T. Keel J.. A. Glascock Todd Wool on motion duly made end seconded, the reading of the minutes of the previous meeting was dispensed with.. On motion of Mr. Freeman, seconded by Mr. Halley, it was uaanimously HESOLVED: That a dividend of $1.75 per share on the Preferred Stock of this Company be and it hereby is declared payable July 1, 1941,. to~ stookholders. of' re- cord at the.close of business June.16, 1941. On motion of 1[r. Keel, seconded by Mr. Whitefield, it vas.unaaimously HFSOLVED: That a dividend of 30¢,per share on the outstanding Common Stock of this Company be and it hereby is declared payable July 1, 1941, to stockholders of record at the close of business June 16, 1941. on motion of Mr. Kent, seconded by Mr. Halley, the following advertising ad- vertis3zig expenditures were in all"respects approved, ratified, and confirmedt Estimate #394 of Lennen & Mitchell Inc. dated May 32, 1941, covering, radio ad+ver- tising of R;IPPLE.Tobacco in the State of Texas, for a period'of thirteen weeks, at a cost of $4,3:53.70. EStimate /{J7 of Louis Kram Inc. dated May 7.5, 1941, cover3ng advertising of OLD GO Cigarettes in.foreigtu.language newspapers therein set out,,for a period of'ten weeks starting,week of Jime 9, 1941, at a,cost of $18y,11,4.01. On motion duly made and.seconded, the meeting adjourned. 104A Ap'v!. Secretary CO