Document 6n9XLvEQqzvLne8ro0YEn42o
Min u t e s o f Me e t in g o f EXECUTIVE COMMITTEE h e l d We d n e s d a y ,
Ju l y 23.
1952. a t 2:30 o 'c l o c k P. M.
PRESENT:
Me s s r s . Ma r t in o , Bu r l e y , Dr e w e s , Re i d , Wa r s h o w , a n d Wil d n e r
(j . A. Ma r t in o , Ch a ir ma n ; J. B. He n r ic m, Se c r e t a r y )
PRESENT BY INVITATION: Mr . G. L. Ra t c l if f e
ABSENT:
Mr . 0. A. Me r s o n
Up o n mo t io n , t h e f o l l o w in g a p p l ic a t io n s f o r a p p r o p r ia t io n s
WERE OULY APPROVED:
$ 482,513.00: 10,500.00: 10,286.00: 12,378.50:
9,665.75:
6,929.67: 15,000.00:
6,500.00: 436,843.00:
5,000.00: 884.41:
17,576.00:
Ba r o id Sa l e s Div is io n
Co n s t r u c t io n o f Ba r o id Mil l a t Co r p u s Ch r is t i , Te x a s .
Pu r c h a s e o f Fl o a t -Eq u ip p e d Ce s s n a 170-B, Ho u ma , La .
Pu r c h a s e o f a 1500 KVA Tr a n s f o r me r Ba n k , Ma g n e t Co v e
Pl a n t , Ma l v e r n , Ar k a n s a s .
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 s u b s c r ip t io n s t o Le a d
In d u s t r ie s As s o c ia t io n f o r t h e p e r io d Ap r il I t o
Ju n e 30, 1952:
Me mb e r s h ip , in c l u d in g s a f e t y a n d h y g ie n e $6,541.00
Re d Le a d Div is io n
1,510.50
Me t a l l ic Le a d Pr o d u c t s Div is io n
4,327.00
$12,378.50
Su b s c r ip t io n s t o Le a d In d u s t r ie s As s o c ia t io n f o r t h e
p e r io d Ju l y I t o Se p t e mb e r 30, 1952:
Me mb e r s h ip , in c l u d in g s a f e t y a n o h y g ie n e $4,363.00
Re d Le a d Div is io n
42.25
Ma n u f a c t u r e r 's Su b s c r ip t io n
1,271.75
Me t a l l ic Le a d Pr o d u c t s Div is io n
5,988.75
Ma g n u s Me t a l Div is io n ;
$9,665.75 Re p a ir in g Da ma g e Ca u s e d b y
Ex p l o s io n , De p e w , Ne w Yo r k .
Min in g De p a r t me n t ; Su r v e y o f min e r a l b o d ie s o f Th e
Ne w f o u n d l a n d a n d La b r a d o r Co r p o r a t io n , Ne w f o u n d l a n d
a n o La b r a d o r , Ca n a d a .
Ph il a d e l p h ia Br a n c h : Re b u il d in g No . II Me c h a n ic a l
Fu r n a c e , Ph il a d e l p h ia , Pa .
Tit a n iu m Al l o y Ma n u f a c t u r in g Div is io n
Pu r c h a s e o f Sk in n e r a n d An d e r s Pr o p e r t ie s , Ja c k s o n
v il l e , Fl o r id a . (Pu r c h a s e a n d Sa l e Ag r e e me n t w it h
Er n e s t E. An d e r s Co . a l s o a p p r o v e d .)
De v e l o p me n t o f Ar c -Fu r n a c e Al l o y s , Nia g a r a Fa l l s ,
Ne w Yo r k .
Tit a n iu m Div is io n - St . Lo u is Pl a n t
Ov e r e x p ., Re p a ir s t o No . 15 Do r r Ta n k .
Re p a ir s t o Fl o o r s in Pig me n t Pl a n t Bu il d in g #11.
(EXECUTIVE COMMITTEE
Ju l y 23, 1952)
$ 24,552.00:
Tit a n iu m Div is io n - Sa y r e v il l e Pl a n t : t e n a n c e Dr e d c in c or Sh ip Ba s in .
In t e r im Ma in
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 Bil l s d u e Oc t o b e r 23, 1952.
Up o n mo t io n d u l y ma d e a n o s e c o n d e d , t h e f o l l o w in g r e s o l u t io n
w a s u n a n imo u s l y a d o p t e d :
RESOLVED, Th a t J. Mu r r a y Jo h n s t o n
BE AND h e HEREBY IS APPOINTED MANAGER OF THE TITANIUM
Al l o y Ma n u f a c t u r in g Div is io n o f t h e Co mp a n y , e f f e c t iv e Se p t e mb e r I, 1952, u p o n t h e r e t ir e me n t o f Win t h r o p Sa r g e n t ,Jr .
Up o n mo t io n d u l y ma d e a n o s e c o n d e d , t h e f o l l o w in g r e s o l u t io n
WAS UNANIMOUSLY ADOPTED:
RESOLVED, Th a t Jo h n C. Ar c h ib a l d , Jr .
BE AND HE HEREBY IS APPOINTED MANAGER OF THE TEXAS
Min in g & Sme l t in g Div is io n o f t h e Co mp a n y , in s u c c e s s io n t o 0. D. Nie d e r me y e r .
Up o n mo t io n s 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 r e s o l u
t io n s WERE EACH UNANIMOUSLY AOOPTED:
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 d i
r e c t e d TO MAKE, EXECUTE, ANO DELIVER IN THE NAME OF AND UNDER THE SEAL OF THIS COMPANY, THAT CERTAIN AGREEMENT,
PROVIDING, INTER ALIA, FOR THE LEASING TO GENERAL BARITE
Co mp a n y , a Mis s o u r i c o r p o r a t io n , o f c e r t a in p r o p e r t ie s in Wa s h in g t o n Co u n t y , Mis s o u r i, a s d e s c r ib e d in s a id Ag r e e me n t , AND ALSO PROVIDING FOR THE PURCHASE BY THIS COMPANY OF A MINIMUM OF 40,000 TONS OF WASHED TIFF (BARIUM SULFATE),
UPON THE TERMS ANO CONDITIONS SPECIFIED IN SAID AGREEMENT.
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 d ir e c t e d
TO MAKE, EXECUTE, ANO DELIVER IN THE NAME OF AND UNDER
THE SEAL OF THIS COMPANY THAT CERTAIN AGREEMENT WITH
Ge n e r a l Ba r it e Co mp a n y , a Mis s o u r i c o r p o r a t io n , p r o v id in g ,
INTER ALIA, FOR THE METHOD OF PAYMENT BY GENERAL BARITE
Co mp a n y o f it s p r o p o s e d l o a n f r o m Th e Fir s t Na t io n a l Ba n k in St . Lo u is , in t h e p r in c ip a l a mo u n t o f n o t mo r e t h a n $140,000.00, THE PAYMENT OF WHICH SAID LOAN IS TO BE
GUARANTEED BY NATIONAL LEAD COMPANY.
0000-NLI-000021079
I
E I -2i
(EXECUTIVE COMMITTEE
Ju l y 23, 1952)
RESOLVED, Th a t t h e p r o p e r o f f ic e r s o p
t h is Co mp a n y b e a n o 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 d i r e c t e d TO MAKE, EXECUTE, ANO DELIVER IN THE NAME OP AND UNDER THE SEAL OP THIS COMPANY THAT CERTAIN INSTRUMENT o p Gu a r a n t y , w h e r e b y t h is Co mp a n y u n d e r t a k e s t o g u a r a n t e e THE PAYMENT OF A LOAN, NOT TO EXCEED THE PRINCIPAL AMOUNT
o p $140,000.00, w h ic h Ge n e r a l Ba r it e Co mp a n y , a Mis s o u r i
CORPORATION, HAS ARRANGED TO OBTAIN PROM THE FIRST NATIONAL Ba n k in St . Lo u i s .
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 .
I ,,ooo-NU-olW80