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: ‘There were then presented to the Board the following contracts or agreements, which were oo mage duly made, seconded and unanimously cagpied, approved, ratified and confirmed:
1. Agreement with O'Brien, Lriscoll and Raftery, whereby said firm was engaged as general counsel of the corporation for the term of ome year, at the compensation of $2,000.90 per week, said compensation to cover all legal services rendered the corporation by said firm, and in addition thereto the services of Mr. Edward C. Raftery as President ef the corporation, said payment at the above rate to commence on January lst, 1942.
2. Contract between this corporation and Mr. Gradwell W.eSears, dated November 17th, 1941, for a term of five years commencing January Ist, 1942, and ending December Slst, 1946, pg ye — of eancellation at the
of the second year, at a weekly salary of $2,500.90 per week, plus $500.00 for expenses, plus a sliding seale of profits.
Im reference to this contract, Mr. Raftery was authorized to embody the memoranda agreement above referred to in @ permanent employment contract, setting forth the above terms and in addition thereto such other terms and provisions as would protect the interest of the corporation.
3. The ox of Landy Lawrence at a weekly salary of $1,000.00 per week,
October 6th, 1943, and continuing on a week
to w basis. .
do 4. The employing of Carl Lesserman as Sales ; “Manager on a week to week basis, at the
salary of $1,100.00 a week, commencing on or
about December lst, 1941.
5. The promotion of Bert Stearn from Cleveland
District Manager to Western Sales er
wi th increase in salary from $350. yack & Q00R40 per Wed ono -eeae te en
basis. ; -64