[D8935AAB], Minutes, Edison Electric Light Co, January 10th, 1889

Item

Abstract

New York, January 10th 1889####A special meeting of the Executive Committee of the Board of Directors of the Edison Electric Light Company, was held pursuant to call at the offices of mess. Drexel, Morgan & Co. On Thursday, Jan. 10th 1889, at 10:30 A.M.####Present, Mess. Coster, Smithers, Thomas and Smith and the secretary and comptroller.####Mr. Thomas in the Chair.####The Secretary read the Minutes of the meeting of the 3rd. Inst. Which were on motion, approved.####The Secretary reported receipt of the following dividends:####$600. second 3% semi-annual dividend from the Washington (D.C) Company.####$1314.49 being 36 28/100 per cent on $5,000 of our stock in the Kansas City Company, representing the net earnings (from Oct. 1887 until Dec. 1888) of the temporary plant.####$1292. third quarterly dividend (2%) from the Rochester Company.####The comptroller stated that the contract with A.J Lawson's services.####After a general discussion of the subject, it was, on motion of Mr. Coster, seconded by Mr. Smith.####RESOLVED, that the Officers of the Company be and hereby are authorized to avail ourselves of our option to take over the property, in co-operation with the other creditors, at an arbitrated valuation, a new corporation to be formed for that purpose and the stock thereof to be apportioned PRO RATA among the creditors.####The meeting was then adjourned.####Attest:####Secty.####[name mentions: A.J Lawson, Drexel Morgan & Co., Board of Directors of the Edison Electric Light Co., Rochester Company, Mr. Coster, Mr. Smith, Mr. Thomas, Mr. Smithers, Kansas City Company]

Date

1889-01-10

Decade

1880-1889

Type

Identifier

D8935AAB

Folder Set

D8935

Title

[D8935AAB], Minutes, Edison Electric Light Co, January 10th, 1889

Microfilm ID

126:243

Publisher

Thomas A. Edison Papers, School of Arts and Sciences, Rutgers University