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There weree present MessFS.: C. H',. Hlimmel. TI: A. Kent ' March 3, 1944 . 157 An adjourned meeting of the Board of Directors of' P. Lorillard Company was held today at.the office of'the Company,. 119'Vlest 40th Street, New York City,; at 11 o ^clock A.BI. `G, D. Whitefield E; S.. Bowling PJ'. J'. Halley J'.. S. Freeman F. H'ppewell J. T.. Keel H. F'., Temple . Todd Wool ~.. HummeL, Chairman, presided,;.and•the Secretary'actedl-as Secretary of the 'meeting;: - ' . . - OvmotiMdwly made"and.seeonded, the reading of the minutes of' the previous meeting,was.dispensed with. ° On motion of Mr. whitefield, seconded by B9r. Keel,, it was unanimously RFSOLYEDc That a dividend of 41.75 per share on the Preferred Stock of this Company be and it.hereby is declared payable April 1, 1944 to stockholders of re- cord.at.the close of'business March 15, 1944. Ommotion of'Mr. Bbwling, seconded by Mr. Temp]Le„ it was unanimously RESOLVED: Tliat an interi=dividendiof 25¢ per share on the outstanding Common~Stock of this-Company be and it.hereby is'deolared payable Apr.il~1,,.1944 .to stockholders of'reeord.at.the cl'ose afbusiness March 15,.3944: Onmotion of Mr. HaLley, seconded by Mr. H~opewell,, it was unanimously . RESOLYED,:: That the Transfer Books :ef the.Regiistered Three Per Cen't; Deben-. tures of'.this Compar{V'shall bef.closed at three o9cIloak P,B1. March 15, 1944; ffor the payment of interest'- thereon, due April 1,.1944n and shall be reopened at ten ' o'clock.A:M. April.3,. 1944. . ' On.motion.of Mr. Temple., secondediby Mr. Hopewell, the following advertising expenditures were in..all re.spe.ctsapproved, ratified, and confirmed:. Contract dated February' 23,. 1944 for an advertisement in the194Lj Annual Journal of the New york Chapter of HadasSah,.at a cost of $50.. .. Contract dated February 29, 1944 for a half page OLD GOLD Cigarette advertisement in the 1944 year book "Rescue through.Emigrationn, published.by HebrewShelitering& Immigrant Aid Societyy. New york City, at a cost of $275. On motion.duly made and seconded, the meeting adjourned. rL ~ CG Secretary ~