James Clark McReynolds

“ The credit committee may from time to time remove from the credit information list the name of any theater owned or operated by a new owner, and thereafter members of the film board may contract with him.
That members upon demand of the credit committee shall furnish desired information, permit examination of books and records with respect to any exhibitor who has sold or transferred his theater and has failed to provide for the assumption by the new owner of existing contracts. A member of the film board who violates any of these rules shall be subject to suspension or expulsion. ”

“ Owner Lessee (Strike out one) . Dated.................... 19 Assumption of Contracts
Know all men by these presents, that the undersigned ......................... (owner) (lessee) of the...............Theatre, in consideration of one dollar lawful money of the United States in hand paid, the receipt of which is hereby acknowledged, and other valuable considerations, hereby agrees to assume, carry out, and fully perform each of the contracts now existing between .................... and the following distributors:
(Name of previous owner)
...................................... ”

“ On what date was theatre taken over.................... 7. Place where and date of recording bill of sale.............................. 8. Admission prices.................... 9. Condition of projection machines.................... 10. ”