Document JJ43RR67xX4aJw87w6qjogKvZ

Min u t e s o f Me e t in g o f EXECUTIVE COMMITTEE h e l d Tu e s d a y , Ju l y 3, 1956, a t I I;00 o 'c l o c k A. M. PRESENT: Me s s r s . Ma r t in o , Dr e w e s , Me r s o n , Re id , Wa r s h o w , a n d We l c h (J. A. Ma r t in o , Ch a ir ma n ; J. 5. He n r ic h Se c r e t a r y ) ABSENT: Mr . H. C. Wil d n e r Th e min u t e s o f t h e me e t in g o f Ju n e 27, 1956 w e r e d u l y APPROVED. Up o n mo t io n , t h e f o l l o w in g a p p l ic a t io n s f o r a p p r o p r ia t io n s WERE DULY APPROVED: $ 6,250.00: 3,051.00: 8,750.00: I 1,600.00: I 1,339.30: 9,385.20: 7,030.00: 5,688.00: 6,315.00: 12,776.00: I 9,856.20: 22,4-22.50: 6,958.00: 5,786.00: CONTRI BUT io n ; MEMBERSHIP SUBSCRIPTIONS TO Le a d In d u s t r ie s As s o c ia t io n f o r t h e p e r io d Ju l y I, t o Se p t e mb e r 30, 1956. Ame r ic a n Be a r in g Co r p o r a t io n ; Pu r c h a s e a n d In s t a l l a t io n o f Air Co n d it io n in g Un it , St . Lo u is , Mis s o u r i. Ba r o io Div is io n Pu r c h a s e o f Fo r k Tr u c k f o r "Mr . Ge o r g e *', Ho u s t o n , Te x a s . Pu r c h a s e o f ^ Te n Ho u s e Tr a il e r s , Ho u s t o n , Te x a s . Ch ic a g o Br a n c h Pu r c h a s e o f Ne w Ho is t a n d Fo r k Tr u c k , In d ia n a p o l is , In d ia n a . Pu r c h a s e o f Sl a g Ha n d l in g Eq u ip me n t , In d ia n a p o l is , In d ia n a . (1946 Cl a r k t r u c k t o b e t r a o e d in f o r a l l o w a n c e o f $1,200.00.) Do e h l e r -Ja r v is Div is io n Pu r c h a s e o f Do d g e Tr a c t o r , Ba t a v ia , Ne w Yo r k . (Ol d t r a c t o r t o b e t r a o e d in f o r $500.00.) Re p a ir s t o Pa in t De p a r t me n t , Gr a n d Ra p id s #2 Pl a n t , Mic h ig a n . Pu r c h a s e o f Tw o Pa in t Sp r a y Ma c h in e s , Gr a n d Ra p id s #2 Pl a n t , Mic h ig a n . Pu r c h a s e o f Ne w Ch r o me Ta n k , Gr a n d Ra p id s #3 Pl a n t , Mic h ig a n . In s t a l l a t io n o f Pa in t in g Un it , Gr a n d Ra p id s #3 Pl a n t , Mic h ig a n . Al t e r a t io n s t o Ma t e r ia l Ha n d l in g Fa c il it ie s , To l e d o #2 Pl a n t , Oh io . Dr il l in g Mu d Pr o d u c t s Lt d . Er e c t io n o f Wa r e h o u s e f o r Wh it e c o u r t , Al b e r t a , Ca n a d a . Er e c t io n o f Wa r e h o u s e f o r La c o mb e , Al b e r t a , Ca n a d a . 0000-NLI-000021115 -eLl'eLi (EXECUTIVE COMMITTEE - Ju l y 3, 1956) $ 12,164.00 6.667.00 7.429.00 63,700.00 Tit a n iu m Div is io n - Ma c In t y r e De v e l o p me n t ; Re p a ir s t o Ma in Pu mp St a t io n EquiPMENT Da ma g e o b y Lig h t n in g . Tit a n iu m Div is io n - Sa y r e v il l e Pl a n t Pu r c h a s e o f In t e r n a t io n a l Tr u c k . Re p l a c e me n t o f Ya l e Fo r k Tr u c k . (Ol d u n it t o b e TRADED IN FOR ALLOWANCE OF $2,200.00.) In s t a l l a t io n o f Zir c o n iu m Me l t in g Fu r n a c e . Up o n mo t io n d u l y ma d e a n o s e c o n d e d , t h e f o l l o w in g r e s o l u t io n WAS UNANIMOUSLY ADOPTED: RESOLVED, Th a t Smit h & Jo h n s o n , s h ip p in g b r o k e r s , BE AND THEY HEREBY ARE AUTHORIZED TO EXECUTE AS AGENT FOR Na t io n a l Le a d Co mp a n y b a r e b o a t c h a r t e r o f t h e Ba r g e "Mo r a n 108" t o Mo r a n To w in g Co r p o r a t io n , a t o w in g a g r e e me n t b e t w e e n Na t io n a l Le a d Co mp a n y a n d Mo r a n To w in g Co r p o r a t io n c o v e r in g t h e Ba r g e s "Mo r a n 108" a n d "Mo r a n 102" a n d a n a g r e e me n t SUPPLEMENTING THE BAREBOAT CHARTER BETWEEN NATIONAL LEAO Co mp a n y a n d Mo r a n To w in g Co r p o r a t io n c o v e r in g 3a r c e "Mo r a n 102". Th e Co mmit t e e a u t h o r iz e d : (a ) t h e p u r c h a s e f r o m Fr it z Ot t o Wie n e r t f o r t h e s u m o f $8,000.00, o f t h e in v e n t io n DESCRIBED AND CLAIMED IN U. S. PATENT APPLICATION SERIAL No. 311,593 (w h ic h w il l is s u e a s U. S. Pa t e n t No . 2,754,197 o n Ju l y 10, 1956), AND IN CORRESPONDING ENGLISH PATENT NO. 727,680, AND c o r r e s p o n d in g Ge r ma n Pa t e n t Ap p l ic a t io n Se r ia l No . W9003; a n o (b ) OBTAINING FROM SAID FRITZ OTTO WlENERT AN OPTION TO PURCHASE FOR THE SUM OF $5,000.00 THE INVENTION DESCRIBED AND CLAIMED IN U. S< Pa t e n t Ap p l ic a t io n Se r ia l No . 428,135; a l l a s o u t l in e d in l e t t e r d a t e d Ju n e 18, 1956 f r o m Al e x . St e w a r t , Dir e c t o r o f Re s e a r c h , t o J. A. Ma r t in o , Pr e s id e n t . Th e Co mmit t e e c o n f ir me d t h e p u r c h a s e o f $325,000.00 St a t e o f Co n n e c t ic u t Ho u s in g No t e s , ma t u r in g De c e mb e r 14, 1956. 0000-NLI-000021116