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MINUTES OF A MEETING of the BOARD OF DIRECTORS of the RADIUM LUMINOUS MATERIAL CORPORATION held at its office, No. 58 Pine Street, in the Borough of Manhattan, City, County and State of New York, on the 27th day of June, 1921. Present: Messrs. Bliss, Cross, Evarts, and Roeder, Mr. Roeder in the chair. Minutes of the meeting of May 24, 1921, were read and approved. The Treasurer reported that there were sufficient surplus profits of the corporation on hand to provide for the regular quarterly dividend on the preferred stock of the corporation issued and outstanding, and advised that, in view of the present financial stringency and business depression, the payment of the dividend, if declared, be postponed until October 1, 1921. Whereupon the following resolutions were, on motion, duly adopted: RESOLVED that the regular quarterly dividend of one and three-quarters per cent. (1 3/4%) upon the outstanding preferred stock of this corporation be and the same hereby is declared out of the sur- plus profits of the corporation, and be paid by the Treasurer on October 1, 1921, to the stockholders of record of the preferred stock on June 27, 1921.