[Hamilton Manufacturing Company meeting minutes, 1941-1947]
.1 dSecon& Retire:ent Trst r nd (c) -citionulemul' es of the Compny not now benefited by either of seid previous retirement trusts; now therefore RESOLVED by the Board of Directors of Hamilton Manufacturing Conoany that said company proceed forthwith to join with the Trustee in the execution of a new trust instrument, which, when consented to by all employees of the Company who are nresently beneficiaries of or participants in the First Retirement Trust and the Second Retirement Trust, will accomolish the transfer of all of the assets of the First Retirement Trust and the Second Retirement Trust to the same trustee as trustee of the consolidated trust and Will embody all necessary aiacndments and changes in order to carry out the intent of the comPny and the trustee, to-wit: the creation of a retirement plan that shall take the pclce of the First Retirement Trust and the Second Retirem:ent Trust above mentioned and shall hereafter o-pratp for the benefit of all those employees of the comny whomay be or become eligible by -oCen of rate of czomnsation and length of service. RESOLVED FURTHER, that the President and Vice President and Secretary of the company be and they hereby are and each of them hereby is -uthorized and emnovered to execute in the n eo of the comoany a ne- trust indenture and any -nd all other instruments of trust, consents and other documents that may I be requisite to put the said Plan into full onerrtion, which Plan shall bear the name of "Hailton Manufacturing Comoany Employees' Retirement Plan" and shall embody the followingc ter-s, conditions and nrovisions, w-ith such added administrative and other details as may be agreed upon by the Company and the Trustee: 1. All property and assets of the First Retireent Trust and of the Second Retirement Trust shall be transferred forthrith to the Trustee as trustee of the consolidated trust to be administered under the provisions of the Hamilton .nufrcturini Comnony Emoloyees' Retirement Plan. 2. The trust fund of said consolidated trust shall consist of the assets so transferred, together with "12,199.05 tobe paid forth-ith by the Comnny to the Trustee, and to- gether with any and all futurc payments or contributions made by the Comony to the Trusteeforthebenefit of elinible employ'ees. . The Company shall nthve any ri ht, title or interest in or to said trust fund or ony part thereof, ant the assets of the trust sho11 over b3 rturne to oI otheripe vest in the Comneny.
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