Document 7Y39qkd5y5vxvX98ERyd5Qnj

MBSTZNO OF THE BOARD OF DIRECTORS August 24, 1972 The regular monthly meeting of the Board of Directors of Monsanto Company was held at 900 a.m. on August 24, 1972, at the St. Louis County, Missouri, offices of the Company. The following members were present} Messrs. Charles R. Sommer, H. H. Bible, A. J. A. Bryan, C. Preston Cunningham, John L. OUlis, James J. JCerley, Edward A. O'Neal and Monte C. Throdahl. Messrs. Dillon Anderson, Dawld R. Calhoun, Fnedrlcic M. Eaton, John R. Bek, Louis Fernandes, J. William Fisher, Jean Mayer, Edward L. Palmer, Tom K. Smith, Jr., and Earle 0. Wheeler were absent. DSW 013016 STLCOPCB4002940 Retirement Request Mo, 3959 dated July 24, 1972, with attachment, recommending the retirement and dismantling of the Aroclor facilities at the Anniston, Alabama plant having a gross asset value of $3*979,000, was submitted to the members In advance of the meeting. Production was discontinued at the Anniston plant In 1972, Aroelors now being produced at the W. 0. Krunarich plant only. Upon motion made and second ?d, the following resolution was unanimously adoptedt i'' RESOLVED, that the retirement and dismantling of the Aroclor facilities at the Anniston, Alabama plant, having a gross asset value of $3*979*000, Is hereby approved, and that an estimated net charge of $2,044,000 be made to obsolescence. DSW 013017 STLCOPCB4002941