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[Hamilton Manufacturing Company meeting minutes, 1941-1947]
(1941-1947)

1943


A Preferential Participating stocks of the company to
December 31, 1942; that a quarterly dividend of 1-3/4%
on the First Preferred $100 par value stock and a 25
per share dividend on the Class A Preferential Partici-
pating $10 par value stock would require approximately
$16,717.50, leaving an excess of $50,000 of undistrib-
uted earnings for the year 1943 and also a balance in
excess of $1,000 in the earned surplus account. Follow-
ing a discussion, Director H. G. Evans offered the fol-
lowing resolution:
"WHEREAS it appears that the net earnings of
the corporation for the firstfeight weeks of
the year 1943 are in excess of $67,000 after
depreciation, bond interest and estimated taxes
on income, and
WHEREAS all accumulated dividends on the First
Preferred stock of the corporation have been
paid to date, and quarterly dividends have been
paid on the First Preferred and Class A Prefer-
ential Participating stocks of the corporation
to December 31, 1942, and
WHEREAS a quarterly dividend of 1-3/41 on the
First Preferred $100 par value stock and a
quarterly dividend of 25 per share on the
Class A Preferential Participating $10 par
value stock would reauire approximately
$16,717.50, leaving an excess of $50,000 of
undistributed earnings for the year 1943,
and also a balance in the earned surplus ac-
count, now therefore,
BE IT RESOLVED that this corporation pay a
dividend of 1-3/4%, payable in cash, on the
outstanding $100 par value First Preferred
stock of the corporation, this cash dividend
being paid on March 31, 1943, from earnings
of the year 1943, to all holders of record at
the close of business on March 24, 1943, said
dividend covering the period from January 1,
1943 to March 31, 1943.


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