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1. The loan agreement with the Bankers Trust Company of New York and the Security-First ~ Natiomal Bank of Los Angeles wherein and whereby the aforesaid banks loan to United Artists Corporation the sum of $300, 000.00 to be used for the purchase of prints and advertising in rm ned ag oe and the gomeys necessary for the completion e of JUNGLE BOOK, not to exceed an amount up . te $200,000.90. é 2. ey agreement to purchase Sterling at +25 per pound from the frozen funds of the Alexander Korda Films, Inc.
Ko Films, Inc., te earry out the imtent and purpose of said loans, all such agreements to be subject to the approval of counsel for the company
There was then presented to the Board by Mr. Raftery & letter agreement ratifying the understanding anc agreement with Edward Small and Edward Small Productions, Inc., relative to the photoplay entitled PIMPERNEL GMITH, which was upon sotion duly made and seconded, ratified and approved.
Mr. Raftery reported to the meeting regarding a resolstion which had been passed at the meeting held om October 5th, 1941, at Pickfair, the intent and purpose of which was to work out & new arraigement with Mr. Korda for the acquisition 6f the socalled Korda stock. Mr. Korda's counsel had reported to United Artists counsel that he was satisfied with the resolution. Counsel for United Artists Corporation, however, raised the question thet the resolution should have the approval of Prudential Life Iasurance Company of London and Londom Files. Mr. Korda stated to the
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