Document G51LbRdMR3550qZqJj9KbMm5Y

FILE NAME: Saberhagen (SBH) DATE: 1963 Jan 14 DOC#: SBH003 DOCUMENT DESCRIPTION: Minutes of the IDCNA Meeting of the Board of Directors 1. D. C. N. A. MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS held January 14, 1963 at the ASSOCIATION OFFICES 1425 Chestnut Street, Philadelphia, Pa. Present: Mr. Charles T. Vaughn Mr. Dillard Breeding Mr. Granville Drowns Mr. Conrad L. Wiegers Mr. E. E. Saberhagen President Vice-President Vice-President Secretary Past President Directors: Mr. E. Raymond Ashmore Jr. Mr. Lawrence T. Bennett Mr. Theodore H. Brodie Mr. Benj. M. Bui lough Mr. Roy C. Coffer Mr. J. Kenneth Dixon Mr. John Dragisic Mr. A. Marvin Gibbons Mr. Aertsen P. Keasbey Jr. Mr. John W. Long Mr. Herbert A. Mullenix Mr. James W. R. Brown, Attorney Mr. Ellwood F. Jones, Executive Secretary 1. The meeting was called to order by President Vaughn at 9 AM. He asked the men present to give a short verbal resume of themselves. He introduced Mr. Leon Choate of the Mundet Cork Corporation who attended the meeting as a visitor. 2. Mr. Vaughn, then introduced Mr. James W. R. Brown, attorney, and asked the Executive Secretary to read his letter of December 10, 1962 on the subject of Legal Counsel, copies of which were sent to all Officers and Directors on December 10, 1962. A motion was passed to retain Mr. Brown for the annual fee of $2,000.00 plus reasonable traveling expenses incidental to his work for IDCNA. 3. A motion was passed .to fill two vacant directorships on the Board of Directors by the affirmative vote for Mr. Lawrence T. Bennett and Mr. John Dragisic. 4. The Executive Secretary read the minutes of the Board of Directors meeting of November 15, 1962 held at the Americana Hotel, Bal Harbour, Florida. Copies of these minutes and the minutes of the meeting of November 12, 1962 were dis tributed to all present. The minutes of the meeting of November 15, 1962 were approved as read. The minutes of the meeting of November 12, 1962 were approved without reading. PRODUCED JM-83 Bates 151 For the Membership & Regional Affiliations Committee; 1. (c) Study of a new dues schedule. (d) New membership certificates. (e) Desirability of obtaining membership plaques. For the Budget & Finance Committee; 1. (d) Allocation of the $3,000.00 provided in the Budget for traveling expense to the various committees on a pro rata basis. For the Annual Meeting Committee; 2. (b) Poll the membership for their vote of San Francisco as a annual meeting site for 1964, and another city for 1965, The Executive Secretary read a letter from McGee & Company, former 1DCNA Group Insurance Administrators, requesting payment of an assessment. Sim ilar letters were mailed to all former participants of this plan. President Vaughn directed that this matter be referred to counsel for investigation. The resignations of the following six members were read; R. H. Anderson Inc., Detroit, Michigan Central Asbestos & Magnesia Co., Chicago, Illinois Louisville Insulating & Supply Co.,Louisville, Ky. Midland Engineering Company Inc., South Bend, Ind. Philadelphia Asbestos Corp., Philadelphia, Pa. Woolsulate Corp., Newark, New Jersey These resignations were ordered to be submitted to the Membership Committee for further action. Approval of the ASAE Group Life Insurance Plan for $10,000.00 coverage for the Executive Secretary, the annual premium of which is $144.00 was passed. Mr. Vaughn noted, with regret, the absence of Mr. Butler. He expressed the hope that Mr. Butler would be well enough to attend the next meeting of the Board. Mr. Vaughn also thanked Mr. Choate for attending the meeting, and for his interest in IDCNA. Mr. Vaughn also reported that he had received a communication from Mr. Lewis W. Saxby Jr., Manager of Owens-Corning Fiberglas Contracting Division expres sing his regret at not being able to attend. Mr. Brown gave a short talk on an article published in the January 14th issue of the Wall Street Journal on the Franchise System. / There being no further business, the meeting adjourned at 4:55 PM. Respectfully submitted, PRODUCED lU . 04 Bates 154