In the District Court of the United States, for the Eastern District of Pennsylvania, the United States of America, petitioner, vs. Motion Picture Patents Company, et al., defendants (1913)

Record Details:

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2G4 Minutes, General Film Co. company, was brought up by the Chairman at the request of Mr. Howard of that company, and he was invited into the meeting to state his position. Mr. Howard stated in substance that he misunderstood the nature of the money payments and that he supposed notes with interest would be given in lieu of cash. Mr. Howard also informed the Board that certain legislation had been under way in the State of Massachusetts and that his exchange and the Kleine Optical Co., of Boston, and certain exhibitors, had employed the services of an attorney to look after the interest of the moving picture business in that State, and that the attorney's fees would amount to about |1,()00.00. He suggested that in view of the fact that the efforts of this attorney would work to the benefit of the General Film Co., he and his associates should be reimbursed for this amount. M(r. Howard thereupon left the meeting and the Board proceeded to a discussion of the questions brought up. The Chairman pointed out in detail the purchase proposition which had been made by the Executive Committee to representatives of licensed exchanges and that this proposition was the same in each case and that it was in each case accepted as outlined by the Executive Committee and that Mr. Howard appeared to fully understand the proposition then, and that no other claim of this nature had been made. After a full discussion, the Chairman put the question as to whether or not the company would pay interest on deferred money payments, and it was unanimously voted that no interest would be paid on such deferred money payments. The Chairman then put the question as to whether or not the company should make any change in the amount of Preferred Stock and deferred money payments for the purchase of the Howard Exchange, and it was unanimously voted that no change should be made in that respect. The Chairman then put the question as to whether or not there should be any change in the deferred money payments, and it was unanimously voted that no change should be made. The question of the payment of tin1 attorney's fees referred to by Mr. Howard was thereupon discussed and it was, on motion duly seconded, unanimously noted that this company reimburse Mr. Howard and the interested parties for the attorney's fees to the extent of f 1,000.00.