After a series of prior related financial transactions dating back to January 4, 1957, on September 29, 1961 a "second supplemental loan agreement" was entered into by which the Irving Trust Company agreed to lend Columbia Pictures Realty Corporation an additional $1,640,000. Pursuant to the provisions of that agreement a new note for $2,800,000 was given merging the new and existing indebtedness and all the former notes involved in the transaction were technically canceled...
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