Document 85eQqQrZBxEQ503ggq8XkjQr5

; . . WAIVER OF NOTICE OF . ' ' " A SPECIAL MEETING OF ~. : ; ; .. .. : - BOARD OF DIRECTORS OF. . .. \ AflCTOR MANUFACTURING- & GASKET COMPANY : - The' uhd^rsigned , 'being all of .the Dire,,ctprS:Pf.the VICTOR v' M^U^GTUR&iG;- & GAS^COMPANt>-'in' all notice,, whether provided by statute or qthervH.se, and consent to the , holding of a special meeting of the Board of Directors of said corporations ", on the 20th day of December, A.D. .1966, at 4:00 p.m, r or any adjournment or adjournments- thereof, at the office of the-corporation, 5750 West Roosevelt Road/.'Chicago; Illinois,' for the purposes.of considering:f. . /&: -J'1 -taj-: ! The. transfer of .Rquitabd6-life-Aasttnuuse Policy. No: r;:..;X :.Pri: 'V;.' ', -:6S ,'293,459 on the' life of WayneP<..Neathery; '.v. C (b) ..The acceptance of the offer of Dana. Corporation to v donate- all the outstanding preferred stock for can ; cellation; 1S-:-.- c.* I (c) A proposal to eHminate the offices of Vice-Chairman . . . .. of the.Board, Vice President.of Pricing,-Purchasing; & . . . - \Catalog, President - International Division^ and ' ' - - -, ' ; '' Vice President-. International-Division; \ .; . ; ' -' '... " (d). A proposal to purchase the property of Henry Dehr;. - -<..' : and ' -. ' ' (e) ..Such other matters as may/properly come before the -/ meeting.5 ; '. -. /. o DATED'r December'2 0 ,19.5 6 MINUTES OF: . A special meeting of the Board of Directors of VICTOR MANU FACTURING; & GASKET COMPANY,' an Illinois corporation,, held, at the. office of said compainy, .5750 West Roosevelt Road; in the City, of Chicago, in the - .. County of Cook .and State of Illinois ,, on the 20th day of December, A.D, 1956 cdhstituting: afhia^bri^r`of the^Bditt^^ ofDirectors, were'present in person.at the meeting:. ` . .... r'v;,; ' ' . . . ... . George E:`Victor ;; "" .0` ' .;"V Orrin W. Clifton `' ' ' " V,,- v v Wayne D.4 Neathery \ V-The.iqeie&hg.lwas called to':order by Mr'i George'. E. Victor,-' "':'; Chairman.. MrStanley W..=Gustafson, Secretary of-the corporation, recorded the- proceedings. . .., , . The'Secretary reported-that 'a majority1 of the! Directors' Were present in.person at the.meeting;-and, therefore, the - meeting was legally' '\~ constituted for the transaction'of business'. :V;; ;... ' ' ' .transfer of'all right,-title, and interest'in,Equitable Life Assurance Policy'-; ; No. 65,2.93,459, on the life of Wayne D. Neathery, pursuant to a resolution, duly made, seconded,. and unanimously approved, of a special meeting of the Board of Directors onthe 13th day of October, A.D. .1966', authorizing the , officers of this Company,to sell all insurance, policies owned by this Company 'on the lives of individuals, on or before their next premium dates. .. . - . ' ; After discussion, upon motion duly made and seconded,- arid, unanimously approved, it was. .-/' - all' i- Victpr;'Mahufacturing.:&;GasketCornpany;,;'Jr\^'.; 'V j:::-:ift;M^:^:i^:ib:pblicy)Nb..^:;.B5.,"29'3>45.9,:-;issue'd by'/'."-[QV' vUnited States on.the lifeof-Wayne/D. -.Neathery ,-v ='~- t,- : : . 3.k -be transferred, assigned'and.set-over by the-- . ... : v. .Victor Manufacturing & Gasket Company to ' . ; . . - VV,-/v;.C,.'. ; .. : . v' Wayne D. Neathery, the.said insured;- and-. " ;' : EV.Vi<cstp?ry-'^Ohi'ai'rma.jri=;f.- Board.,y.Sv iy;- '"vlV. v- "`.v' }bf d^vVtctor:'Maht|factufii^':;^:basket'Company ' -; ; be, and hereby is, authorized to execute on .; ' ", ' behalf of said corporation ;any and- all.documents -' ; ,/- ' , : necessary to effect a. complete and absolute . . - . - . . transfer of said policy to Wayne D, Neathery, - ' -- : - the said'insured.: ' : - .. . . -:'The.-Chairman stated that the next prder-of business-was considecation of -the -offer of Daha. Corporation to-donate..all the-outstanding preferred stock,of: the-Vic tor Manufacturing' & Gasket Company , to the Victor Mainufactur- ' After discussion, upon motion duly-made'-, secondedy-arid' roved, ;;it; was -..jy'yyy -;rf'.g RESOLVED that the officers of- this Company be,'.. . . and they hereby'are,- authorized to accept the.. y,\ offer-of-Dana-Corporation to donate to the Company ... ,'v all the .outstanding.preferred'-stock.of Victor-Mahu-.'y facturihg:& Gasket Company.-A r 7f>-'pahy- `bev;'ahd:.they hereby are , Hauth6rized"`and/,-.y-'directed', to- .cancel' the preferred stOck.so donated Vy y" ,-The-'Chairman -stated' that the next order of bustness- was to- ;- y consider a proposal.'to.eliminate'the offices of Vice-'Chairman of the-Board,. ' Vice. President .of Pricing,'Purchasing & Catalog/.-President,^. International , . Divisioh, :'and Vice President --International Division.';. ;'"1 - - - ; After discus sion/'upon. motionduiy made, seconded,'and y' unanimously approved it was.-y -. . y' .. * .... . . ' ' ' '-:' - RESOLVED that the offices'of Yice.-Pre.sideht.ofy; y'. . -Pricing, Purchasing ^Catalog, President -... ' '.y.-International Division; and Vice .President'- ' ' 'i- -International Division, be abolished effective; , 'December 31, 1966. -/'y'.'v =- 7 .-v y \. }y y.yyy The.Chairman'stated' that the next' order of'business'was a;y'''-:'. -y "proposal to'-purchase the Hehry.E. Dehr,: Jr. residence becausd-Dehr was being'; - After discus s ion .upon motion- duly' made /seconded, - and.- ninanimously approved > it.was . ' . . : .-y-;. ' RESOLVED' that the officers of.this- Company be;' j!,_; :?y; and they hereby are,'authorized-and directed to. - ' -; * 'purchase the Henry Ei D.ehr, Jr,.' residence located ' y" ' - at 6739 Woodcrest Avenue, -Fort .Wayne, Indiana, >y'..- ` Lot number 25 in Maplewood ''Park ;% - Sub-division V - - '.;-.;''.v.C . r . V- `. . ,*V -i\ in the East Half of. the Northwest Quarter of Section >; ' * 5 " . . ' ' / .; ,,'*2/7,/ Township 31 ;North, Range 13 East-<"in-All?n.;' * ,, y-f;' >:'Counjtyi Indiana '* for Twenty-Seven Thousand .'Two-;yV .. . . ..' * . V : * ^ .: ..Hundred and- Fifty Dollars. ($27,250.-001 for the ... . \-Vv~' ; / -; -v. V- , .. *p*u**rpose1 of facilitating the transfer of a.Riant .7..' ; 7 7 V r. ;::X' -yV-rvf^-* -<!oManager to'/anotfier geographical location of pnej v, 'VI *'* ='?/'* this company's-plants1 and with .the intention w .HA > "v y' y* V'y/y: ''> ' l-;;:T^re`heihg. ho further business, the.meeting-thereupon; . < yy,: ; adjourned.;-- -7" 777; Y.-7', 7;v '.''.-P-P ' ,- 1 .v... . : . .- ; ^ ; -v :V; -:'C `;:V. /, .. y .-vf v..> - , : .-/i-V:-: -r: ^'iT' >;P;7:p;-:i77y47;--.-v:.;;;v.:-vt, c v/r v..- v-:---. .'.'v'.; - .v '.7- /- ; 7:0.. : :.-.:.77-,-7y^--..;>- 7'y ". -, -7 ;:v7m-r t fs' ;;.. ym P-i '-;p.v'.v.V:..7r''7" .,.7`7. .--7 v :iV- mm 7v r- v, ./ ' r : i; :.-,7 '::a;"'':; ^" , .7 - *'... . : .: .7 ' - v. 'Vyv.P' :r V < V* : ` * - * .i ' `' " . *'"**