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[Hamilton Manufacturing Company meeting minutes, 1926-1941]
(1926-1941)

1940


The President also stated that tentative arrange-
ments have been made with the Bank of Two Rivers to borrow
funds required in the operation of the corporation at a
discount rate of 2%, for an amount not exceeding $46,000;
that the sum of $40,000 has been borrowed on this basis
and the bank required corporate ratification and confirma-
tion. Following a discussion, Director H. G. Evans offered
the following resolution:
"WHEREAS, The HAMILTON MFG. CO. has borrowed from the Bank
of Two Rivers the sum of Forty Thousand ($40,000.00)
Dollars and as evidence of said loan executed in the cor-
porate name of this corporation and delivered to said
bank, notes aggregating this amount,
RESOLVED, That the acts of the officers of this Corpor-
tion in executing and delivering said note or notes le
and the same are hereby ratified and confirmed.
BE IT FURTHER RESOLVED, That the President, Secre<ar or
Treasurer, or either one of them, as such officers of
this corporation be and are hereby authorized to borrow
from the Bank of Two Rivers when necessary in the future
on Promissory Notes to an amount not to exceed Forty Six
Thousand ($46,000.00) Dollars."
Adopted.
There being no further business, the meeting was on
motion duly adjourned.
ATTEST-                                 /Secretary
Directors
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