Tobacco Documents Online

121 May 21, 1943' A regular meeting of'the Board of'Directors of P..Lorillard Company, was held today at the office ofthe Company, 119 West 40th Streeti New York City. There were: present Messrs.: G. G. ~. ES. D. S, Hummel Whitefield bowline W. J. J. H. J. S. T. F'. Halley Freeman. Keel Temple Todd Wool Mr. Hummel, Chairman, presided and the Secretary acted as Secretary of the meeting. On.motionn duly made and seconded, the reading of the minutes of the previous meeting was dispensed with. On.motion of Mr. Freeman, seconded by Mr. Bowling, it was unanimously RES0L7ID: That a dividend of $1.75 per share on the Preferred Stock of this Company be and it hereby is declared payable July 1, 1943'to stoekholders of record at the close of business June 15, 1943. On motion of Mr. Bowling, seconded by Mr. Whitefield, itwas unanimously RESOLVED: Tkiat an.interim dividend of 25¢'per share on the out- standing:Common Stock of this Company be and'it hereby is declared payable July 1, 1943 to,stockholders of record at the close of business June15., 1'943. On.motion of Mr. Keel, seconded by M4. Bowling, the following advertiising expenditures were in all respects approved, ratified, and conf i;rmed: Estimates of J'. Walter Thompson Company as follows. #128 bYnpplement G dated May 5, 1943' covering newspaper advertising of OLD~GOLD'Cigarettes, May 17'through July 10, 1943, at a cost of E573,565.55. #139'Shpplement B dated May 12, 1943 covering radio advertising of OLD GOT.D: Cigarettes over Station WIRE, Indianapolis, Ind., June 7 through September 5, 1943, at a cost of't373.75. #107' Supplement B dated May 12, 1943 covering radio advertising of OLD GOLD Cigarettes over Station WHN~, New York City, June 14 through September 10, 1943, at a cost of $'S,83fl.50. #S'8 Supplement C dated May 12, 1943 covering radio advertising of OLD GOLDCigarette.s over Station.WWJ and WXYZ, Detroit,. Mich., on September 14, 1942 at a cost of $53'. #88 Supplement D dated May 12, 1943 covering radio advertising:of OLD GOLD Cigarettes in Detroit and Pontiac, Mich9igan,, June 15 through September 13, 1943, at a cost of $3,445. On motion~duly madeand.seconded,, the meeting adjourned. Secretary