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

1944


coration desires to have available definite sources of
financing to provide or replenish working capital in con-
nection with war production contracts and/or to reimburse
this corporation for funds expended for such purposes; and
WHER!AS, the officers of this corporation have negotiated
with Harris Trust and Savings Bank, Marshall & Ilaley Bank,
First Wisconsin National Bank of Milw ukee, Sears-Community
State Bank, Mnitowoc Savings Bank, Bank of Two Rivers and
Monitowoc National Bank in respect to the terms and condi-
tions of a revolving credit to be made available to this
corporation by said Banks in the principal sum of not
exceeding $1,000,000.00 at any one time outstanding, loans
to be evidenced by promissory notes of this corporation
maturing on or before ninety days after the date thereof
and in any event not later than December 31, 1945; and
WHEREAS, there is before this meeting a form of letter
(hereinbefore and hereinafter referred to as "Loan Agree-
ment") to be addressed by this corporation to said banks
embodying the terms and conditions upon which said revolving
credit is proposed to be made available to this corporation
End this Board has examined said Loan Agreement and, in the
judgment of this Board, it is advisable and for the best
interests of this corporation and its stockholders that an
agreement be made with said Banks on substantially the
terms and conditions set forth in said Loan Agreement and
that the officers of this cornoration be authorized to
borrow from time to time hereafter and up to December 31,
1945 such sums as the officers of this corporation may deem
necessary for the purposes aforesaid;
NOW THEREFORE, BE IT AND IT IS HEREBY RESOLVED that the
President or Vice President and the Secretary or Assistant
Secretary of this corporation be and they are hereby
authorized and directed in the name and on behalf of this
coroorption and under its corporate seal to enter into an
agreement with said banks with respect to the terms and
conditions of a revolving credit to this corporation in
said amount by executing in the name and on behalf of this
corporation and delivering to said banks a loan agreement
containing substantially the terms, conditions and provi-
sions set forth in the Loan Agreement now before this
meeting and hereby approved, and/or such additional modi-
fied or revised terms as may be acceptable to said officers
as evidenced by their execution of such Loan Agreement.
BE IT FURTHER RESOLVED that any two of the officers of
this corporation, namely the
President, Vice President, Secretary and g
Treasurer, and Assistant Treasurer
be and they are hereby further authorized and empowered in


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