United Artists Corporate Minutes (Jan-Dec 1931)

Record Details:

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ye nrreny es commen egeinst Mr. Goldwyn is, of co Gate, $48 ,C00. -§ It was moved by Mtr. Benzhef, seconded by Mr. a Buckley, ené funenimously cerried, that the action of the Cheirmen e"beeaneing $177,485.70 to Mr. Coldwyn eesinst assignment of film rentals from DEVIL TO PAY and ree _& note endorsed by him personally is hereby appretel. a aint a cians cea aK x. —-— SE ne ee : — é eC The Chairmen stated thet he eu thorized a Wen to the Art Sinema Corporation of pga as afvence nentney film rentals advence bearing Sedasieks ae the rate of 66. The debit bealence aceinst Art Cinema, giving effect to the film rentals of seaey is approximately. $130,000. The cheirmen further steted it has become necessery for the Art Cinema to heve en ed@itionel edvenee and therefore he hes authorized the suspension of payments for three weeks. At the end of thet time United Artists Bom Corporation will credit aseinst the loen all film réngels due until the eccount has beén licuideted. — sida ‘3 It was moved by Mn-Hgnzhaf, seconded by Mr. Mulvey and unanimously carried, the action of the Cheirnen in rerard to the above loan to Art Cinee Corporation be approved. | The Chairman stated thet in view of the uns" setiled conditions in the motion picture industry in Foreign countries, and the difficulty * securing the right type of tec peek distributions _— it fee :3 noapnaeey to Lose or