Document B8XgO9qQZdd1K3a1gjgQ7banJ

Kimis or a o u l wmm or rs bo mb or bo bw o is or Klimt* of * apeolal a**tiag of th* Board of Biroetora of 5h* Oliddan Company, hold at th* offle* of th* Company, 1898 Baton Ooaatro* Building, Ci*r*. load. Ohio* on Friday, Aaguat 8, 1947, at lltSO o'clock A.M. puranant to aotio*. Th* following Biraatora war# praaanti K***r*. idrian B, Joyce, Bwight F. Joyce, V. J. O'Brien, F. 1, Sprague, A. B. Jfeaen, l. T. Pallia*, B**tor Botsold, J. P. tath, J. A. F*t*r* and Clifton K. Kalb. Nr. K. K. Eortibnrgh va* hbaaut. Nr. Adrian B. Joyea, Coalman of th* Beard of Biraotora, proaided, and Clifton M. lelb, Secretary, raoordad the aisatoa. 5h# Ohairaan oallad the aHtl>| to order and atatod that th* reading of the alentoa of th* prarioua stating would ho ftvon oonaidonation, and upon notion duly eado, aaoondad and ua*at*ou*ly earriad th* reading of oold aiantaa was ditpeneod with and thay war* approved. the Chairaan atatod that th* at*ting had hoan callad for th* porpoa* of considering and acting upo* oartain changes la th# orgaaiaatien of tha Coapany and pointad out that the expanding hualnaat of th* Coapaay aada it naooaaaxy, in hi* opinion, to roller* Hr* F. X. Sprague of hi* datlaa la oonnaetlan with tha Soya Product* Birlalon and tha Faad Kill Biriaion and plan* bia la oharg* of th* Button Bead Conpauy Birieion and th* Natal* Baflslag Biriaioa and th* Natal Star** Biriaioa, which hare been under tha anperrlaiee of th* Freaidant, which woulS gire him additional tiae to work an apaoial prohlaai* a* th* assistant to the President. Be elated farther that Nr. Sprague would oontinue to haadla tha Growth Products Company and th* sale of looithia and horaones. GLD022856 Be further reoeaaeaded that Nr. J. P. Bath, who hu been Oeaeral Manager of The Oheuical and Pigaent Company Diri sion, be elected Tie* President ia recognition of bio excellent work, and that Mr. lalph B. Oolseth, who bM Won assistant to the Tice President at the Bora Products Division and. baa note an exceptional record, be elected a Tic* President and be placed in charge of the Soya Protects and Peed Kill Divisions of the Ooapany. The reeoaBsadatioae ears considered end upon action duly made, eeeeaded and unanimously carried Mr. J. P. Beth and Mr. &alph 0. dolesth were sleeted Tice Presidents of the Company to bold offioe until their mecsseors bare been elected and qualified. The Ohairaan atated that aconeelc ceaditione vers rapidly nhsagiag aad that ia the near future the Ooapsay weald bare te cell ita protect* rather thee take orders aad that special alteatlea sfaomld be given te aerchaadtsiag tbe protects of the Ooapacy; that apeclal at.tenties should be givea to the diatrl. bution of tbe protects of tbe (taqauqr through unifens distributing warehouses which eonld be owned by the Company and oonstructed aooordicg to an efficient, uniform design. Be called speeiel attention to the risk involved In selling to large account* who sight easily switch to ether suppliers aad vitally affect the volume of business of tbs Company. The President stated that in his opinien it would be advisable far the Company to adopt a policy relative to tbe group trowel of iaportast executives, scientists aad key aea, especially by dr, so that ia the event of an accident the lose of these Important aen would be held at the minimum. The setter was given conel&eretion end upon notion duly aade, eeooaded and unaniaously carried the following resolution was adopted! JE5SOLTB2?, that it is adrieafele end to the beet interests of the Compary to regulate the travel of it* directors, officers, scientific personnel and key employees ec thcl the mw.bt;r of casualties resulting fro such travel as? W he is to the mlc .u *iw . , end GLD022857 -aeve8wefit!Bww8se'wnHa"aiiMg!assiNMeiweis*iaaWi BXSOLTXD, that the iNiSIni Issue * bulletin outlining the polla? * U Oonpany and it* appllaaUon la auob dttall aa ha doeaa advlaoblo far the purpose of carrying aut such policy. The Secretary subalttod tha following resolutions relative to the bank aeoounts of the Company, whleh wore upon aotioa duly nads, --oantad a onaalncusly oarried adopted! nsOLTXD, that th signature of Mr. X. E. Butehioon be aided to tbeaa aathorlitd to sign on tha linUr Account of our iMrtm fatal Xerke Division at Saw Orlaaaa, Louisiana with tba feltM? Xatlonal Saak of law Orleans, Duyiras Street Branch, Saw Orleans, loulslana; saidehange to la effective aa of tha data letter of notification la received by tall bank (tailor of notification dated July 25, 1947). After said ehaage baa boon ante la tbit aaoannt, il should appear an tha raoordm of tha bask aa follaval day fwat J. A. Patera, treasurer Ollftan M. loll, Saaralaar V. 0, faart >. H. Stoat I. A. Eiehard V. f. Samar X. E. Butehioon HISOLVED, that tha signatures af Maaara. A. 9. tolutk, ft Stephen, 1, Troyd, George p. Treadwall ba adtad to thoaa anthorlaad ta sign aa tha iaaount So. 2 of our Soya Product Division at Chiev, Illlaala with Bw Oontlnonlal Illinois Satlonal Saak A Trust Cospasqr, Chicago, Illinois! said ehaage la ba effective as of the data latter af aotifleatien la received by aaid bank (lattar of aotifieatlan dntad August 6, 194?). After aaid baa baan aada in this account, it should appear an tha rsoords of tha bank aa followst Any Twet J. A. Patsra, Traaaurar Clifton X. Kolb, Secretary E. X. Heath S. 0. Xlllott X. 9. Xsupert 9. Soman Bruoa Saynond XoOee X. 9. Coltsth J. 9. Stephan E. S. Proyd George P. Craadwall There being no further business to ooae befora tha nesting, asm was, upon notion duly node, seconded and unaahsoualy oarriad, adjourned..