Tobacco Documents Online

1'a8Sanuary 25, 1943 An adjourned meeting of the Board of Directorss o;£P'..Lori7lard Company was held today at the office of the Company, 119 West 40th Street, New York City, at 11 o'clock A.M. There was present Mr. Todd itiool. No quorum being present, the meeting,adjourned~ to meet tomorrow, Tuesday, at 3:30 otclock P.M. January 26, ]-943'. ( ~ f'Jdt~- .~c- 6`VSecreta¢y

' 107 sum of $6,000, the equivalent of'Mr. Kelly"s salary for a period of six months. Thereupon,, on motion of' Mr. Whitefield, seconded by M'r.. Bowling, it was unanimously RESOL1FEDa That the Company pay to Mrs.. Helen Kelly, the widow of Mr. Sidney Kelly, the sumof $6,000, in accordance with,the custom.in,such cases, in recogni- tLon of'the long and faithful service rendered to this Company by Mr. Kelly,and 141at.the Officers of the Company be and they hereby are directed.to do whatever may be necessarg to carry out the provisions of this resolution. On motion of Mr. Freeman, seconded by Mr. Hopewell, the following adver- tising expenditures were in all,respects approved, ratified, and confirmed: Contract datediJanuary 8, 1943 w9-th.Sportservice lno., Buffalo, N.Y. covering advertising of OLID GOLD Ciigarettesin score cards of baseball clubs therein set. out,. during the 1943 season, at a net cost.of'$1,,948I. Contract dated January 12', 1943 for a half page advertisement in souvenir journal to bee prepared in connection with the annual affair of the Retail Cigar Store Em- plioyees Welfare Fund,, Rew.Yark City,, to.be held March 20, 1943', at a cost of $50. Estimates of J.Ralter ThompsomCompany as follows., #128 dated.January 6,, 1943 covering newspaper ad4rertising of OLD GOLD Cigarettes„ January 11 through March 6, 1943, at a cost of $575,289.64. li //]29~dated January ' 4, 1943 covering radio advertising of OLD GOLD Cigarettes as therein set out, January 6 through December 29, 1943, at a cost of $~3..77,973'.54. /{1131 dated January 6,. 1943 covering advertising of OLD GOLD Cigarettes in finan- cial papers therein set out,, during 1943,. at a cost of $6107.60., #134 dated January 12, 1943 covering advertising of OLD GOLD Cigarettes in tobacco. trade journals as therein set out, duriing.January or Februaryr„ 1943, at.a cost of $1,666.89. Estimates of Lennen & Mitchell Inc. as follows: #2 dated'January 4, 1943 covering magazine advertising of'BRIiGGS Tobacco during 1943., at at cost.of'yE206,558.27'. #3 dated January 13, 1943'covering radio advertising of FRIENDS Tobacco over Station WBHM, Buffalo, IV.Y.,, January 19 through April 18, 1943, at a cost of $1,482. On.motion duly madeand seconded, the meeting.g adjourned to.meet Monday, January 25, 1943, at 11 o'clock A.M. Secretary

106 ~. Januaryr.. 22, 1943~.. A regular meeting of'the Board of Directors of P. Lorillard Company was held today at the office ofthe Company'„ 119 West 40th Street, New York City. There were present Messrs.: H. A. Kent G. E. D. Whitefield S.. Bowling. W. J. Halley J. S. Freeman J. A. Glascock J. J. Driscoll F. Hopewell J. T. Keel Todd Wool In the absence of Mr. Hummel, Chairman, Mr., Kent, President, presided, and' the Secretary actedi as Secretary of the meeting. On motionn dul.Ymadeand seconded, the reading of the minwRes.ofthes previous meeting was dispensedi with~., on motion of Mr.. Wkhitef9'e]':di, seconded by Mr. Drisco].], it was unanimously RESOLVED: That (in: lieu of' closing the Stock Transfer Books) 3' P.M. Tuesday, February 9', 1943, be and the same hereby is fixed as a record date for the determination of the Stockholders of the Company entitled to notice of and to vote at the Annual Meeting of the Stockholders to. be held M'arch 9,1943.. FQRTHEB.'RESOLVED: That only Stockholders of record at 3: P.M., February 9, 1943 shall be entitled to such notice of and to vote at such.Arinual Meeting, notwithstanding any transfer of a:nystock on the books of the Company after said record date. on motion of Mr. Freeman, seconded by Mr. Keel, it was unanimously RESOLVED; That Messrs. E. C. Hunter and A. Riefner (neither of them being a director nor a candidate for that office) be and they hereby aree appointed to act as Inspectors of Election for the election of Directors at the Annual Meeting of the Stockholders of this Company to be held on March 9, 1943.. on motion of Mr. Keel, seconded by 3iSr. Bowlingr it was unanimously RESOL4TED: That the:action of the President andi the Treasurer of this Company in borrowing on January 18,, 1943, on behalf of this Company from the National City Bank of'New~York, 55 Wall Street, New York City,, the sum of Two Million Dollars 32',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„ with interest at the rate of 1j% perannum from sa3d.date, be and the same hereby is in all respects approRed, ratified„ and confirmed. Ths:. President stated that he deemed it appropriatetoe call to the attention of the. Board the. loss sufferedd by the Company in the.death of Mr. Sidney Kelly, Auditor of the Company, who. had been in the employ of the Company for forty years. The President stated that in aceordance with the very fine custom that had become established under such circumstances, he thought that as~a token.ofesteemfor the long,and.lioyalg services.rendered by Mr. Kelly,; the Company should present.to his widow, Mrs.Helen.Kelly,, the