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correct?
MR. HANRAHAN: That is right. Of course, you know Eastern has to do the same.
MR. HORWITZ: Yes.
MR. SOLOMON: MR. Chairman, I am George J. Solomon, representing the Colonial Employees Mutual Fund, and with me are Robert Silver and Stanley Heller. I have certain proxies which I would like to submit to the Inspectors of Elections to determine the number of shares held of record for the purpose of figuring the vote on these shares. I have other proxies also received from other persons that we have a count on, and they may revoke prior proxies that have been exercised by these people.
I wonder if you would indicate the procedure you would like to follow on the filing of these proxies.
MR. HANRAHAN: File them with the Inspectors and they will cancel them out where they revoke one another.
MR. SOLOMON: We have just been in touch with New York by telephone and have been informed that we have received proxies in the mail which were postmarked prior to the date of this meeting, and I would like to know if the polls will be held open long enough for them to be delivered here for the purposes of voting at this meeting or whether the stockholders who voted and executed those proxies will be denied a vote at this meeting.
MR. HANRAHAN: When will they be delivered?
MR. SOLOMON: On the first train or plane-it depends on how long it will take to come down.
MR. HANRAHAN: This meeting will determine that; I can't answer that.
MR. SOLOMON: If it is in order at this time, I would like to make a motion that the polls for the purpose of receiving votes on that be kept open.
MR. HANRAHAN: That motion is out of order at this time. The one question that is before this meeting right now is a proposal for the sale of assets. You have to run this orderly, so I will have to rule that question out of order at this time.
MR. HORWITZ: This reflects on the vote on that proposal, Mr. Hanrahan. I presume it is in order at this time. You can't possibly have that motion come up at any later time. This is the only appropriate time before you take the vote.
MR. HANRAHAN: There is nothing definite about that gentleman's motion. That they be kept open until when?
MR. SOLOMON: You didn't let me finish the motion before you ruled me out of order.
MR. HANRAHAN: You just go ahead and make your motion as clearly and definitively as you would like to. Then we will rule on it. I don't like anyone to say that they have not been given an opportunity to make their motions at a Colonial Airlines meeting.
MR. SOLOMON: I understand from your ruling that it wouldn't make any difference whether I made it or not, since you started to say it was out of order before I finished the motion.
I would like to make a motion that the polls for the purpose of receiving ballots on the issue now before the meeting be held open until five o'clock this afternoon.
MR. HORWITZ: I second the motion.
MR. HANRAHAN: The motion has been made and duly seconded to keep the polls open for the counting of certain proxies until five o'clock this afternoon.
Will the Inspectors take a vote on that motion?
MR. GRAY: Is this a voice vote or vote by ballot?
MR. HANRAHAN: Which do you prefer?
MR. SOLOMON: I will accept a voice vote.
MR. GRAY: We will just call the roll. The proxies delivered to management to vote on other matters which are to come before it would be 399,043 to be voted by Mr. Dykes, Mr. Hanrahan, and Mr. Cameron; 25 to be voted by Mr. Dunn and 100 shares by Mr. Silliere.
We don't know what your vote is.
MR. HANRAHAN: That is against keeping the polls open.
MR. SOLOMON: The Colonial Employees Mutual Fund votes 110 in favor of keeping the polls open.
MR. HORWITZ: No vote.
MR. GRAY: Then the vote against the resolution is 399,168 and in favor, 110; not voting, 200.
MR. HANRAHAN: Is there any further discussion to be had on this proposal?
(No response)
Otherwise, the Inspectors should be instructed to pick up the ballots and tally the same.
(The ballots were distributed.)

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