Document 0qQMmMv3zq2qDeexLRdvVDgDV

(EXECUTIVE COMMITTEE Ja n u a r y I 3, 1955) 3,185.81: 3,661.00: 2,06 I.00: I 2,838.00: 4,542.60: 3,571.46: 7,592.66: 6,571.50: 4,434.69: 14,778.68: I , 500.00: I 00.00: 25.00: 13.75: 2,821.64: I,977.34: 3,380.54: 7,386.32: 6,068.00: Ch ic a c o Br a n c h - (CONTINUEO) Pu r c h a s e o f 1955 Me r c u r y Mo n t c l a ir , Ch ic a g o , ( I 952 Me r c u r y TO BE TURNED IN FOR ALLOWANCE $ I ,000.00). Il l i n o i s of Re p a ir s t o El e v a t o r s , So u t h e r n Pl a n t , Ch ic a g o . Il l i n o i s . Re p a ir s t o El e v a t o r , Ra y mo n d Pl a n t , Ch ic a g o , Il l in o is Pu r c h a s e o f Cin c in n a t i Ce n t e r l e s s Gr in d e r , So u t h e r n Pl a n t , Ch ic a g o , Il l in o is . Pu r c h a s e o f Cl a r k Fo r k Tr u c k , So u t h e r n Pl a n t , Ch ic a g o , Il l in o is . (Ol d t r u c k t o b e t r a d e d in f o r a l l o w a n c e o f $300.00). Pu r c h a s e a n d In s t a l l a t io n o f 5 To n To l e d o Bu il t -in Sc a l e , Ra y mo n d Pl a n t , Ch ic a g o , Il l in o is . Do e h l e r -Ja r v is Div is io n In s t a l l a t io n o f 48'* Al u min u m Ca s t in g Ma c h in e To l e d o (2) Pl a n t , Oh io . Pu r c h a s e o f Nic h o l s Tw in Mil l Ma c h in e , POTTSTOWN (2) Pl a n t , Pe n n s y l v a n ia . Re a r r a n g e me n t o f Ch e c k in g Of f ic e a n d Die Re p a ir Pa r t it io n s , To l e d o (I) Pl a n t , Oh io . Ge n e r a l Of f ic e Co n f ir min g t h e p a y me n t o f t h e f o l l o w in g b il l s : Se r v ic e s o f Al e x a n d e r & Gr e e n d u r in g t h e Fo u r t h IQu a r t e r o f 1954 - $13,00.00; Dis b u r s e me n t s - $l,778.68l Se r v ic e s o f Ba k e r , Bo t t s , An d r e w s & Sh e p h e r d r e n d e r e d d u r in g 1954 in c o n n e c t io n w it h Ro s a ir e p a t e n t LITIGATION. Se r v ic e s o f Ba k e r , Bo t t s , An d r e w s & Sh e p h e r d r e n d e r e d DURING 1954 IN CONNECTION WITH SMITH ET AL (FIRST CASE) PATENT LITIGATION. Se r v ic e s o f Ba k e r , Bo t t s , An d r e w s & Sh e p h e r d r e n d e r e d DURING 1954 IN CONNECTION WITH SMITH (SECOND c as e) pat en t l it ig at io n . Dis b u r s e me n t s o f Ba k e r , Bo t t s , An d r e w s & Sh e p h e r d o n De c e mb e r 10, 1954, in c o n n e c t io n w it h Ro s a ir e Ca s e . Se r v ic e s a n d d is b u r s e me n t s o f Se n io r &. Se n io r f r o m Ma y I, 1954 t o De c e mb e r 6, 1954. Pa c if ic Co a s t Br a n c h ; Pu r c h a s e o f 1955 Tu d o r Se d a n , Co l o r a d o t e r r it o r y . (Ol d b e s o l d f o r NET SAVING OF $125.00). Pl y mo u t h v e h ic l e TO St . Lo u is Sme l t n c & Re f in in g Div is io n Pu r c h a s e o f Re p l a c e me n t Lin e r s f o r 86 Ma r c y Ba l l Mi l l , Fr e d e r ic k t o w n , Mis s o u r i Pu r c h a s e o f Re p l a c e me n t Lin e r s f o r Mi l l , Fr e d e r ic k t o w n , Mis s o u r i. Pu r c h a s e a n d In s t a l l a t io n o f Pil o t me n t t o Imp r o v e Co b a l t Co n t e n t o f Ha r d i n c e Ba l l Fl o t a t io n Equif^ Me t a l s Re f in e r y *-* I Fe e d , Fr e o e r ic k t o w n , Mis s o u r i. ii 0000-NLI-000021096 (EXECUTIVE COMMITTEE Ja n u a r y I 3, I 955) Tit a n iu m Al l o y Ma n u f a c t u r in g Div is io n $ 3,350.00: Re p l a c e me n t o f Wo o d Ta n k w it h Ru b b e r Lin e d Ta n k , Nia g a r a Fa l l s , Ne w Yo r k . 22,4-60.00: Pu r c h a s e o f De t r o it Ro c k in g Fu r n a c e , Nia g a r a Fa l l s , Ne w Yo r k . 2,832.14: Tit a n iu m Div is io n - Ma c In t y r e De v e l o p me n t ; Re p a ir s t o Sh a f t a n d He a d o f 5-1/2 Fo o t Co n e Cr u s h e r . Tit a n iu m Div is io n - Sa y r e v il l e Pl a n t 10,956.00: Re p a ir s t o Pr e h e a t e r Ta n k He a t in g Co il s . 6,248.00: Re n e w a l o f No . 3 Bo il e r Fe e d w a t e r Pu mp Mo t o r . 4,543.00: Re p a ir s t o No . 25 Ol iv e r Wa s h in g Fil t e r . 5,543.49: Ov e r e x p ., In s p e c t io n a n d Re p a ir s t o No . 3 Tu r b in e Ge n e r a t o r . 4,550.00: Tit a n iu m Div is io n - St . Lo u is Pl a n t ; Re p a ir s t o No s . 7 a n d 10 Ca l c in e r Re c ir c u l a t io n Bl o w e r s . Th e Co mmit t e e a u t h o r iz e d t h e p u r c h a s e o f $2,000,000.00 U. S. Tr e a s u r y Ce r t if ic a t e s o f In d e b t e d n e s s d u e Ma r c h 22, 1955. Th e Co mmit t e e c o n f ir me d t h e p u r c h a s e o f $1,000,000.00 Lo c a l Ho u s in g Au t h o r it y No t e s o f Al l e g h e n y Co u n t y TO BE DATED Fe b r u a r y I a n d d u e Ma y 6, 1955, o n a .65 b a s is . Th e Co mmit t e e c o n f ir me d t h e p u r c h a s e o f $400,000.00 Cit y o f Ne w Yo r k Ho u s in g Au t h o r it y P.H.A. .72$ Te mp o r a r y No t e s , d a t e d De c e mb e r 7, 1954 a n d d u e Fe b r u a r y 4, 1955, o n a .65$ y ie l d bas is . Th e Co mmit t e e c o n f ir me d t h e p u r c h a s e o f $375,000.00 Cit y o f Cl e v e l a n d , Oh io Ho u s in g Au t h o r it y P.H.A. - 72$ Te mp o r a r y No t e s , d a t e d De c e mb e r 7, 1954 a n d d u e Ma y 6, 1955, o n a .65$ y ie l d BASIS. Th e Co mmit t e e a p p r o v e d t h e r e c o mme n d a t io n s s e t f o r t h in t h e l e t t e r o f No v e mb e r 10, 1954 f r o m Al e x . St e w a r t , Dir e c t o r o f -Re s e a r c h , t o J. A. Ma r t in o , Pr e s id e n t , w it h r e s p e c t t o t h e p r o p o s e o tT* STUDY TO BE MADE CONCERNING LABORATORY FACILITIES FOR THE COMPANY. 0000-NU-000021097 -. f- - -V J-d.< t l (EXECUTIVE COMMITTEE - Ja n u a r y 13, 1955) It w a s r e p o r t e d t o t h e Co mmit t e e t h a t t h e r e s o l u t io n ADOPTED BY IT AT ITS MEETING OF SEPTEMBER 13, 1951, RELATING TO THE EXECUTION OF THAT CERTAIN INSTRUMENT DATED SEPTEMBER 7, 1951, PROVIDING, INTER ALIA, FOR THE INDEMNIFICATION OF THE UNITED STATES o f Ame r ic a , in t h e e v e n t t h a t Tit a n iu m Me t a l s Co r p o r a t io n o f Ame r ic a SHOULD EXPEND ANY FUNDS CONTRARY TO THE TERMS OF THAT CERTAIN LETTER Ag r e e me n t d a t e d Ju l y 25, 1951, a s imp l e me n t e d a n d a me n d e d , w a s n o LONGER ADEQUATE FOR THE REASON THAT THE SAID LETTER AGREEMENT HAS BEEN SUPERSEDED BY DEFINITIVE CONTRACT No. GS-00P(D)-I 2047 DATED De c e mb e r 22, 1954. Ac c o r d in g l y , u p o n mo t io n d u l y ma d e , s e c o n d e d , a n d u n a n imo u s l y c a r r ie d , t h e f o l l o w in g r e s o l u t io n w a s a d o p t e d : RESOLVED, Th a t t h e p r o p e r o f f ic e r s o f t h is Co mp a n y b e a n d t h e y h e r e b y a r e a u t h o r iz e d a n d DIRECTED TO MAKE, EXECUTE AND DELIVER IN THE NAME OF AND UNDER THE SEAL OF THIS COMPANY, THAT CERTAIN IN STRUMENT d a t e d De c e mb e r 22, 1954, p r o v id in g , in t e r ALIA, FOR THE INDEMNIFICATION OF THE UNITED STATES o f Ame r ic a , in t h e e v e n t t h a t Tit a n iu m Me t a l s Co r p o r a t io n o f Ame r ic a s h a l l e x p e n d a n y f u n d s c o n t r a r y t o t h e TERMS OF THE DEFINITIVE CONTRACT NO. GS-00P(D)-I 2047 d a t e d De c e mb e r 22, 1954, b e t w e e n t h e Un it e d St a t e s o f Ame r ic a , a c t in g t h r o u g h t h e Ad min is t r a t o r o f Ge n e r a l Se r v ic e s , a n d Tit a n iu m Me t a l s Co r p o r a t io n o f Ame r ic a . Up o n mo t io n d u l y ma d e a n d s e c o n d e d , t h e f o l l o w in g p r e - AMBLES AND RESOLUTION WERE UNANIMOUSLY ADOPTED: WHEREAS, Ca r l o A. Za b a d l ij a e x e c u t e d AND DELIVERED TO THIS COMPANY A CHATTEL MORTGAGE, DATED De c e mb e r 22, 1953, in t h e a mo u n t o f Fif t y Th o u s a n d Do l l a r s ($50,000.00) t o s e c u r e s o mu c h o f t h e On e Hu n d r e d a n d Six t y Th o u s a n d Do l l a r s ($160,000.00) p u r c h a s e PRICE OF THE ASSETS OF THIS COMPANY* S FORMER^.,. ' Pio n e e r Al l o y Pr o d u c t s Div is io n a s w a s a l l o c a t e q < t o ` i-r THE PURCHASE OF THE GOODS. CHATTELS AND PROPERTY OTHER " . cJ (EXECUTIVE COMMITTEE , )Ja n u ar y 13 1955 WHEREAS, Tw o Th o u s a n d Do l l a r s Do l l a r s ($50,000.00) Ca r l o A. Za b a d l ij a h a s p a id Fo r t y ($4-2,000.00) o f s a id Fif t y Th o u s a n d Ch a t t e l Mo r t g a s e in d e b t e d n e s s , a n d WHEREAS, Ca r l o A. Za b a d l ij a h a s r e q u e s t e d a c a n c e l l a t io n o f s a id Ch a t t e l Mo r t g a s e in o r d e r t o e n a b l e HIM TO LIQUIDATE THE GOODS, CHATTELS AND PROPERTY COVERED BY AND DESCRIBED IN SAID CHATTEL MORTGAGE SO AS TO ASSURE THE PROMPT PAYMENT ON THE RESPECTIVE DUE DATES OF ALL OF HIS REMAINING NOTES PLUS INTEREST, AND WHEREAS, In c o mp l ia n c e Ca r l o A. Za b a d l ij a , a Sa t is f a c t io n Ch a t t e l Mo r t g a g e h a s b e e n e x e c u t e d d a t e o f Ja n u a r y 5, 1955, w it h s aid r eq u es t o f Pie c e c a n c e l in g s a id b y t h is Co mp a n y u n d e r NOW, THEREFORE, BE IT RESOLVED, Th a t t h e a c t io n o f Al f r e d H. Dr e w e s , Vic e Pr e s id e n t , a n d o f J. 8. He n r ic h , Se c r e t a r y , in ma k in g , e x e c u t in g a n d d e l iv e r in g IN THE NAME OF AND UNDER THE SEAL OF THIS COMPANY, THAT c e r t a in Sa t is f a c t io n Pie c e , d a t e d Ja n u a r y 5t h , 1955, c a n c e l in g OF RECORD THAT CERTAIN CHATTEL MORTGAGE EXECUTED AND DELIVERED TO THIS COMPANY ON DECEMBER 22ND, 1953 BY Ca r l o A. Za b a d l ij a t o s e c u r e t h e s u m o f Fif t y Th o u s a n d Do l l a r s ($50,000.00) o f t h e p u r c h a s e p r ic e o f t h e g o o d s , CHATTELS AND PROPERTY OF THIS COMPANY'S FORMER PIONEER Al l o y Pr o d u c t s Div is io n , a t El l w o o d Cit y , Pe n n s y l v a n ia , IS HEREBY APPROVED, RATIFIED AND CONFIRMED. Up o n mo t io n d u l y ma d e a n d s e c o n d e d , t h e f o l l o w in g RESOLUTIONS WERE UNANIMOUSLY ADOPTED: RESOLVED, Th a t t h e p u r c h a s e b y t h is c o r p o r a t io n f r o m W . P. RUEMMLER OF THAT CERTAIN PARCEL OF REAL PROPERTY LOCATED AT 312 NEWBERRY STREET, FRE0ERICKT0WN, Mis s o u r i, f o r t h e s u m o f Tw e l v e Th o u s a n d Do l l a r s ($12,000.00), BE AND THE SAME HEREBY IS APPROVED, RATIFIED AND CONFIRMED; AND IT IS FURTHER RESOLVED, Th a t t h e a c t io n o f A. H. Dr e w e s a s Vic e Pr e s id e n t , a n d J. B. He n r ic h a s Se c r e t a r y , IN MAKING, EXECUTING AND DELIVERING IN THE NAME OF AND UNDER THE SEAL OF NATIONAL LEAD COMPANY THE FOLLOWING DOCUMENTS: (l) DEED OF TRUST NOTE, DATED (EXECUTIVE COMMITTEE JANU ARY 13, I 955) De c e mb e r 16, 1954 in t h e a mo u n t o f Nin e Th o u s a n d Six Hu n d r e d Do l l a r s ($9,600.00) in f a v o r o f Oz a r k Fe d e r a l Sa v in g s a n d Lo a n As s o c ia t io n ; (2) De e d o f Tr u s t , d a t e d De c e mb e r 16, 1954, in t h e a mo u n t o f Nin e Th o u s a n d Six Hu n d r e o Do l l a r s ($9,600.00) in f a v o r o f Ta y l o r Smit h , Jr . a s Tr u s t e e ; a n d (3) Lo a n Se t t l e me n t St a t e me n t , d a t e d De c e mb e r 16, 1954; a l l o f w h ic h d o c u me n t s r e l a t e t o t h e p u r c h a s e a n d mo r t g a g in g o f t h e s a id r e a l p r o p e r t y LOCATED AT 312 NEWBERRY STREET, FREDER I CKT0WN, MISSOURI, BE AND THE SAME IS HEREBY APPROVED, RATIFIED AND CONFIRMED IN ALL RESPECTS. Up o n mo t io n , t h e me e t in g t h e n a d j o u r n e d .