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

1943


Preferential Participating stocks of the company to March 31,
1943; that a quarterly dividend of 1-3/4% on the First Pre-
ferred $100 par value stock and a 254 per share dividend on
the Class A Preferential Participating $10 par stock would
require approximately $16,717.50, leaving an excess of
$63,000 of undistributed earnings for the year 1943 and also
a balance of approximately $800,000 in the earned surplus
account.
Following a discussion, Director H. G. Evans
offered the following resolution:
"WHEREAS it appears that the net earnings of the
corporation for the first sixteen weeks of the
year 1943 are in excess of $116,000, after deprecia-
tion, bond interest and estimated taxes on income,
and
Wh-EHEiAS all accumulated dividends on the First Prc-
ferred stock of the corporation have been paid to
date, and quarterly dividends have been paid on the
First Preferred and Class A Preferential Partici-
pating stocks of the company to March 31, 1943, and
WHERAS auerterly dividends of 1-3/4% on the First
Preferred $100 per value stock and a quarterly divi-
dend of 250 per share on the Class A Preferential
Participating $10 par value stock would reouire ap-
proximately $16,717.50, leaving an excess of $63,000
of undistributed earnings for 1943, and also a balance
in the earned surplus account, 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 June 30, 1943, from
earnings of the year 1943, to all holders of record
at the close of business on June 23, 1943, said divi-
dend coverinv the neriod from Anril 1, 1943 to June
30, 1943.


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