United Artists Corporate Minutes (Jan-Dec 1931)

y . : — > <& é P 4 Therefore, upon motion duly made seconded end unsnimously adopted, it was ic RESOLVED, thet the Uniteé artists Corporetion ; set up on its books the liability to the producers for their respective sheres of moneys received by United Artists Film Verleih which is still owing to them by United artists Film Verleih; et the same time United Artists Corporation is to charge this indebtec néss agsinst the account of United Artists Film Verleih; the. United articts Corporetion shall write down its ac count against United Artists Pilm Verieih to the regsonebie velue a att said account as indicated by the belance sheet of United Artists Film Verleih et the end of 1931; the difference bet ween the amount to_be received from United Artists Film Verleih end the . ___ smdunts peid by United Artists Corpors Pein tion to producers on account of Cermen distribution shall be cherged off to profit and loss. Mr. Kelly steted to the meeting that in his judgment it would be advisable, in view of the liquidetion of the subsidisry corporation opereting in Germeny, which wes owned by the United Artists Corporstion, to orgenize a smell corporation to keep elive the trade name of "United a ee — en Artists” in connection With wotion pictures in we Corman territory, and thus enable the United Artists Corporetion to resume business in Germany et eae future dete, if it is so desired,under its trede neme. Upon motion duly mede by Mr. Burkan, seconded by Mr.Banzhef end unsnimously adopted, it wes RESOLVED, thet Dennis F.O'Brien, counsel for the — corporetion end e@ director thereof,is — duly authorized, in hie diseretion, to determine whether e corporetion with the neme of United Artists should be orgenized in Germeny,snd upon suc! Se = ad _ oe ee ee re