A Special Meeting of the Board of Directors called to order
by President J. Robert Wiss at 9:00 A.M. on the 18th day of
January, 1932.

Present were: J. Robert Wiss - Norman F. Wiss - Jerome B. Wiss.

Norman F. Wiss moved that a dividend of 5% on the Common Stock
of the Company be declared payable out of the surplus funds of
the company at once to Stockholders of even date.

Motion seconded by Jerome B. Wiss and carried.

Motion to adjourn carried.

                                          Jerome B. Wiss Sect.