Tobacco Documents Online

August 18, 1944 1 69 A.regularmeeting of the Board of Directorss of' P.. Lorillard CompayV was held today at the office of the Company, 119'.V;est 40th Street,. New York City. There were present ldessrsl: HL A. Kent . G. D. lStsitefield . :. .. E. Sz; Bor'rling„ W. .I. Halley S.- T.. Keel S. A. Glascock T'. L. Perkins, Asst. Secretary In the absence of Mr. Humme1,. Chairman, h1r. Kent,, President,, presided,. and thhe Assistant Secretary acted as Secretary of the meeting.On motion duly made and seconded, the reading of the minutes of the pre-:., :viiouss meeting was dispensed writh. On motion of Mr..F.'hitefield, seconded by Mr. BotivTing,, it.was una nimously RESOLVED: That a dlividendlof :;~1.75,pershare' on thePrei'erred Stock of - this Compa.ny be and' it hereby is,declared payable October 2, 19/+4 to stock- holders of record atthe.close of businessSeptember 8,. 1944. On motion of Mr., Glascock, seconded.by hqr.. Bowling, it was unanimously RESOLVED: That aninteri;midividend of 25¢' per share on the outstanding Common Stock of'this Company be and it hereby is declared payable October 2, 1944 to stockholders of record at the close of business September 8, 1944• On motion. of Mr. Halley, seconded by. Mr. V,hitefield,it was unanimously RFSOLVEAdI.. That the'Trafisfex BookB'of the Registered'iThree Per.Gent Debeititures, of this. Company shall be 6losefl at t'hree ofc3.ock P.M. September 15_, 1944, for the payment of interest thereop,, due October 2, 1944,, and shall be _reopened: att ten orcloc$ A,M. October 3, , 1944. On motion of Mr. Bowling, seconded by Mt. 'Whitefield, the following ad- .vertising,expenditure.`wasiin alL.respects'approved, ratified, and confirmed:: Estimate n190'of J. V;alter Thompson Company dated August 9, 1944, covering news- paper advertising of OLD GOLD Cigarettes, August 20 throuZh. October 14, 1944, .at.a cost.of c,30,135.73• on motion duly made and' seconded, the meeting a jpurned., Assistant.Secr-tcry