Document 8NrQjDQkbxYG7pkXX6Xo2y0y

PLAINTIFF'S EXHIBIT USG-1S28 1975, to holders of record of the said stock at the close of business on the 26th day of August, 1975, and the Treasurer is directed and authorized to cause the same to be paid on the date specified. Upon motion duly made and seconded, the following resolution was adopted: BE IT RESOLVED: That the officers are hereby authorized to contribute, for and on behalf of the Company, the sum- of $72,500 to the 1975 Metropolitan Crusade of Mercy campaign. Charles E. Dykes reported on the status of the Company's real estate ventures. A proposal for the sale of the St. Paul, Minnesota, and Jersey City, New Jersey, roofing plants, which had been sent to directors in advance of the meeting, was discussed. Upon motion duly made and seconded, the following resolutions were adopted: ' BE IT RESOLVED: That the officers of the Company are hereby authorized to sell the land, buildings, equipment and other assets now constituting the Jersey City, New Jersey, and the St. Paul, Minne sota plants to The Flintkote Company for a consi deration of $5,500,000 plus an additional amount for the sale of inventories at the lower of cost or current market value. BE IT FURTHER RESOLVED: That the officers of the Company are hereby authorized to enter into such contracts and agreements and deliver such assign ments, deeds and other documents as are necessary to carry out such sale. BE IT FURTHER RESOLVED: That, as part of the transaction involving such sale, the officers of the Company are hereby authorized to purchase from CS026 0635 The Flintkote Company approximately 535 acres of land adjacent to the Company's Fort Dodge, Iowa plant for a consideration of not more than $2,500,000. Upon motion duly made and secor___ , allowing. authorities were approved: Gossen Division, Milwaukee, Wisconsin Purchase of property and building presently under lease $425,000 Sperry, Iowa plant Installation of water treatment facilities $347,120 Upon motion duly made and seconded, the action of the Board of Directors of A. P. Green Refractories Co. approving installation of an electrostatic precipitator at its Eufaula, Alabama plant, at a cost of $760,000, was ratified, approved and confirmed. Stewart Maclellan, Chairman and Chief Executive Officei of Canadian Gypsum Company, Limited, reviewed the history of that Company and the nature and scope of its present operations. He also discussed the adverse business environment in the Pro vince of Quebec, as well as present and anticipated Canadian legislation affecting foreign investment. There being no further business, upon motion duly made and seconded, the meeting adjourned. CS026 0636 Approved: September 3, 1975 Secretary