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

1944


the n     e nd on behalf of this cornortion to borrow fro:n
said Banks as provided in said Loan Agreement, from time
to time hereafter and up to December 31, 1945, on the terms
and conditions set forth in said Loan Agreement, such sums
as may be in the judgment of such officers deemed necessary
for the purposes therein set forth and to evidence any sums
so borrowed by making, executing and delivering to said
Banks the promissory notes of this corporation oearing
interest at the rate of 3-1/4% per annum, peyable monthly
until maturity and at the rate of 5% per annum after ma-
turity until paid.
BE IT FURTHER RESOLVED that any two of the aforesaid
officers of the corporation be and they are hereby
authorized and empowered in the name of and on behalf of
this corporation and under its corporate name to make,
execute, acknowledge and deliver to Harris Trust and Savings
Bank, as Agent, from time to time hereafter such instruments
of assignment to said Agent of the sums due and to become
due under such war production contracts (as defined in
Section 4 of the Guarantee Agreement referred to in the
Loan Agreement) of this corporation as may be necessary
or required to effect compliance by this corporation with
the terms, conditions and provisions of the Loan Agreement,
mnd also to execute such contracts or instruments of bail-
ment, pledge, lien or other charge as may be necessary from
time to time to comply with the terms of said Loan Agreement.
BE IT FURTHER RESOLVED that the officers, agents and em-
ployees of this corporation be and they are hereby author-
ized and empowered to do and perform such other acts and
things as may be necessary or appropriate to comply with
or to evidence compliance by this corporation with the
terms, conditions and provisions of said Loan Agreement.
BE IT FURTHER RESOLVED that the Secretary of this cor-
poration shall deliver to said Banks certified copies of
this resolution."
Adopted.
There being no further business to come before this meet-
ing, the same was on motion duly adjourned sine die.
ecretary


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