Tobacco Documents Online

May 22, 19'42' 91 A regular meeting, of the Board of Directors of P'. Lorillardi Company was held today at the office of the Company, 119 West 40th Street, New Y'ork City. There were present Messrs,; G. H. Hummel H. A. Kent G. D. Whitefield E. S. Bowlin.g, W. J. Halley J. S. Free.man F. Hopewell Ji„ T. Keel Ji. J. Driscoll Bufordi Scott Todd' Wool The Chairman of the Board presided and the Secretary acted as Secre- tary of the meet'ing. On mot3oniduly made and seconded, the readi'ng,of'the minutes of the previous meetiug was dispensed with. On, motion of' Mr. Whitefield, seconded by Mr. Driscoll, it was unanimously RESOLVED: That a dividend of $1.75 per share on the preferred Stock of this Company be and it hereby is declared payable July 1, 1942 to stockholders of record at the close of business June 15', 1942. On motion of Mr. Keel,, seconded! by Mr. Kent, it was unanimously RESOLVED: That an interim dividend of 25¢ per share on the outstand- ing Common Stock of this Company be and it hereby is declared payable July 1,. 1942'to stockholders of record at the close of business June 15, 1942. On motion of Mr. Kent, seconded by Mr. Whitefield, it was unanimously RESOLVED: That the contribution by the Company of the sum of $2,500 to the Greater New York Fund 1942'Campafgn, be and the same hereby is in all re- spects approved, ratified, and confirmed!. On motion of Mr., Driscoll,, second'ed! by Mr. Scott, it was unanimous7.y RESOLVED: That the Company contribute to the United Service Organiza- tions War Fund Campaign,, the sum of $3,200, to be allocated as follows: New York Cityy N. Y. ---- $200 J rs N J -- Cit $600 e ey . . y, CD K L uisville ---- $450 y. o , M3iddl.etowny, Ohio ---- . 6500 . 10 Richmond - -----$12001 Va Fa , . N Danville, Va. ---------- $175' ~ Windsor, Conn. ------- --- $25 Ma:dison, Wisc. ----------- 825 Lancaster, Pa. ------- $25 On motionlof Mr. Whitefield, seconded by Mr. Hopewell, the following, advertising expenditures were in all respects approved, ratified, and confirmed: Contract dated April 30, 1942 for a half page advertisement of Company products

9!2 in Convention Program of the Wiscons3n~Tobacco Wholesalers Association I!nc.,, Milwaukee, Wisc.,, at a cost of' $50'. Contract dated Mag 12,, 1942 wl:th~ Davis Outdoor Advertising, Company, Detroit, Miich., for posting monthly in towns im Michigan, 42 three sheet panels advertising Compaty productsx June 1, 1942'through December 31, 1943, at a cost oE'$2.25 per panel per month. Estimate #L;3' of' I,ouis Kram Inc. dated May 11, 1942' cowering advertising of OLD GOI,D' Cigarettes in~ f©reign lang{iags newspapers therein set outk Mayr 11 through July 4, 1942', at a cost of $9, 599• 53'. Estimate #36-A of'Lennen & LCitchel-1 Inc. dated May 14, 1942 covering radio adivertiis3.ng of BEECH-NUT' Cigarettes over Station WHN, New York City, June 15'through September 11, 1942'~ at a cost of $14,680.25. On motion duly made and seconded, the-meeting adjourned. . ~ Secretary