We use Optical Character Recognition (OCR) during our scanning and processing workflow to make the content of each page searchable. You can view the automatically generated text below as well as copy and paste individual pieces of text to quote in your own work.
Text recognition is never 100% accurate. Many parts of the scanned page may not be reflected in the OCR text output, including: images, page layout, certain fonts or handwriting.
= 3 f Delagce of the financing, including the completion bond, except for $150,000. DeLere Laboratories, Inc.’will advance the $150,900 to be repaid immediately after the bamk is paid off. Mr. Nasser wants us to guarantee the repaysent
of the $150,000, which will be evidenced by two notes, one for $100,000
* payable in four ronths ?rom the tire Delarxe afivances the money and the other note of $50,000 payable in twelve months. He also requests Tnited Artists Corporation to defer 108 of its distribution fees until Bank of America is paid. Mr. Maciiurrey is to get 108 of the distritmtor’s gross. United Artists Corporetion would get 25% of the profits. P,oduction is to etart in May mt could
possitiy be pushed forwart to March. Distritmtion terzs would be 2794 for United
States and Carada and regilar terms for foreign. The Chairmen stated that the picture is to cost $1,250,000 and the bemk lom is t> be $750,000. After discussion and upon motion duly made, seconded ami carried, it was resolved that the Corporation accept the Nasser deal on the terms mdi comditions as outlined ty the Chairman, except that Management is to work ont the provision relating to the $100,000 for substantially more than four months and endeavor to secure nine
*
7. \QEION PIOTURE yournarros
The Chairmen stated that the M,tion Picture Foundation is « charitable and benevolent organisation of the motion picture industry to cover hardship cases within the industry. Precticaliy all of the big interests in the busisess heve agreed to mpport it. They are endeavoring to raise $50,000 as a capital fulid and temporary fund to get the Foundation orgmmized. Two-thirds of this om is being eit © te chien uh weeks & i a been requested to pay $958.33 as cur share. After discussion, Mr. Denbow ons appointed to get copies of whatever literature there ts on thts eabsect-ant tt. distribute it to all the directors. The matter was tabled pending receipt of the literature.