Tobacco Documents Online

366 January 31, 1945 A regular meeting,of'the Executive Committee of'P. LoriLuard Company was held today at the office of the Company, 119 West 40th Street, New York City. There were ,,resent Messrs.: H'. A. Kent G. D. Uhitef'ield' V.`. J« Halley F. Hopewell J., T. Keel HI« F. Temple L. E. CLEMENS, Asst. Secretary In the absence of' Mr. Hummel, Chairman, Mr. Kent, President, pre- sided and the Assistant Secretary acted as Secretary of the meeting. On motion duly made and seconded, the reading of the minutes of the previous meeting wa dispensed'with. On motion of Mr. Temple, seconded by Mr. Hopewell, it was unanimously RESOLVED: That the action of the President and the Treasurer of this Company in borrowing, on January 26, 1945, on beh lf of this Company from Central Hanover Bank and Trust Company, 70 Broadway, New York City, N.Y., the sum of One Million Dollars ($1,00u,000) and! in executing and deliver- ing in the name of' this Company its promissory note evidencing said debt, beari;ng,said date and payable at said bank ninety (90) days from said date, with interest at the rate of' 1-21-% per annum from said date, be and the same hereby is in all respects approved, ratified, and confirmed. On motion of Mr. Halley, seconded by Mr. Hopewell, the following ad- vertising expenditures were in all respects approvred„ ratified, and con- f irmed: Renewal dated January 18, 1945 of contract with United C3:gar -Whe7lan Stores Corporation covering advertising of OLD GOLD' Cigarettes through the mediumm of illuminated electric signs on United Cigar Store located at Still'well & Surf'Avenues, Coney Island, N.Y., for one year beginning raarch 1, 1945, at a cost of ~100 per month. Contract dated January 22, 1945' with Sportservice Inc., Buffalo,, N.Y., covering, advertising of' Company ;aoducts in score cards of' baseball clubs listed therein, during the 1945 season, at a net cost of V`1,948, under terms and conditions therein set out. The Secretary laid before the meeting lease dated December 27„ 1944 from the Executive Committee of the Baptist Convention of the State of Georgia, of Room 201 Peachtree Building, 291 Peachtree Street N'.E., Atlanta, Ga., for one year from January 1, 1945, at a monthly rental of $45, which On motion of Mr. Hopewell, seconded by Mr. Temple, was in all re- spects approved, ratified, and confirmed. On motion of Mr. Whitefield, seconded by Mr. Halley, it was unanimously RESOLVED: That this Company contribute the sum of'$1,000. to CM Junior Achievement Inc. Z On motiomduly made and seconded, the meeting adjourned. ~ W4 ~ Aasistant Secretar}r L © ~