Document 3XG58pNLKDgRej0w4qgvqj7J

CITY Cleveland, Ohio DATE July 16, 1957 FOR subj ec t Matters on Which Director* fmfl/or Executive Committee Action Eat Been Taken and on Vhtch Other Action la Bending ANSWERING LETTER OF All Directors Paint Division 1. Fnbrlca aaclooal dcPintura,8, A* (11) - Renegotiation of our basic and "pcneatlc" eoattenis with fVbrlca is awaiting Mr* Rodrigues's acceptance of the prerequisites to awnflwent of these contracts established by the Executive Conmlttee on H-iy St and modified on June P6. ?* Aaendaent of Ripolln Agreement (XI) - Our September &>, 1951 Agreements with Rtpolln (fttrls) license the Manufacture of water-thinned emulsion paints in France and Algeria and Industrial and maintenance finishes in France, Algeria, Great Britain and Belgium* About a year ago Rlpolin proposed spending these Agreements and certain revisions vere discussed vith the Faint W ridon, A draft of an amended contract, which would include granting Rlpolin the right to Manufacture Industrial and maintenance finishes In Jtollnnd and additional technical provisions It requested, vn forwarded to Rlpolin for approval, Rlpolin has lnfomed us that the amended contract Is being reviewed by its attorneys, 3- Ffg's Covering Rehabilitation of Cleveland riant (3) - TOR's covering reconstruction en^ rViiitation oiTthe Cleveland plant Rave, to date, been approved In the total amount of $1,758,000* Project approval for additional items totaling $870,000 has been granted, ** Gale of igysnsville Branch (3) - The prospective lessor of new branch premises, last week (Wtenained not to construct the branch for the Ccnpany, Negotiations are pre sently in progress with other prospective lessors* Tbs sale of our present Evans ville Branch property, ss authorised by the Directors on Kerch 15, will be delayed until arrangements onn be made to assure obtaining other suitable branch facilities* 5. Acquisition of Additional Property at Wav Orleans Rent (8) - negotiations to obtain Bile property have been shenAoned pending ^eteminaiion by the Factory Insurance Association as to the feasibility of the installation of a sprinkler line along our property line In lieu of a fender wall and also final determination of the cost to obtain insurance should this property not be acquired* 6- geidlits Paint h Varnish Company - The directors of fieidlits Faint & Varnish Company rejected the propose), ^or possible acquisition of all of the stock of that eempeny as authorised by the Directors on June 81* 7* NBC Television govs Program - RFC has tendered a ecrailtaent for an early evening television news program, as authorised by the Executive Conedttee on April 89# but the Faint Division's acceptance of this commitment has been withheld pending obtaining the desired nationwide station coverage. GLD009B76 r rtonQRVfe Ail Directors ,- 2 - July 16 195T Cbmlcoi~yipynt(i-??talB Division 1* Agreement vith Xn&ustrlaa Quiailcafl Baslcas de Haxico 8. F* (3) - The Technical Nervine Agrrw?nt trtvoea ol^A ftnd Xmhistrla* Quia!eat Basic** d* Mexico 8. F# he* bwn acted upon mid Informally approved by National Financiers# Formal approval by Financiers It expected by July lo* ? Cigt&xrlanA Island (?) - The fluprme Court of Georgia, on July 6, heard arguments on Vw Superior Court of Camden County*t ruling# on demurrers filed at the Woodbine hearings on April 9* A ruling it e>qpeeied vithin tbe next fov veekt# Tbe action filed In Federal Court by Mrs, Jkxjkefeller1* attorneys ha* been dismissed by Judge Scarlett# 3* Proposed Pole of Scranton, Pennsylvania Plant (l) - Negotiation* for the tale of the plnrrf are pwiSlng, *>. - No developments since June meeting, Cheraurgy Division 1- IndlcmpaU* Protein Plant - The Indianapolis Board of Sanitary Corasissfonere it vithHaiding ectlon approving tbi s project until September* food Division l- Transfer of Condiment and Coconut Operations to Bethlthen (1) - Transfer of eotidiiesnfc nnJ coconut opersiion* freest*!hurst to BeikieW/as approved by the Director* on April 19, le evalting completion of authorised alterations to the nev plant# Estimated completion date is Septenber 1 and operations at this plant are expected to commence on October 1, 2. Proposed Bale of Iron Street and Hore&lk Plants (l) - No offers of purchase for either tKe Iron Street or Norvnik plants have teen reocired as a result of the listing of theca plants vith real estate agents as approved by the Executive Canmlttee on April 1# 3 Coconut Requirements Contract vith Dromedary girlsloa of National Biscuit Company * Tbe pi an l-olpurcfose 7)rcwe<Wry' s coconut manufacturing qulpremt authorisedby the Executive remittee on June J1 has been abandoned. Another agmwent vhereby the Duxfcee Bivision vlll xwnufncture and package Pruwdary'e requirements of bulk and packaged eueetened coconut has been submitted t<> National Biscuit Company. Southern Chemical Pirisioa 1# Croatvood Street Relocation - The Southern Chemical Division'# negotiations vith the City of JrcV.eonvillc for "t& relocation of Crsstvood Street are pending, and, at the present time, the City has indicated that the total cost of this project sill sub stantially exceed the sum of IIP, 500 as authorised by tbe Directors oa April 19# WPft/bJs V. p* fitstselberger GLD009877 (Tbe figure In parentheses Is number of consecutive months Item has been pending#)