Document LKDb0KrQe57nkKMjyOqJnGmpb

' . V. . ' : 5 *.,* V ' ` S t J o t y Cleveland, Ohio d at e j August 22, 1957. f o r : AH Directors ^ \ . J. .I subj ec t Mattcro on Which Directors And/or Executive Committee Action Eas Been Taken end on Which Other Action is Pending / ; ANSWERING IETTER OF v 7. . "" 'H / < , ' yi'-i.-v V. r ' .' ;VV. 7 ' i-' yl ' !. i Paint Division. . V y.. . - ... ' 7'"' ' , , ,.> '77;7,; v "5. '' * : /: ': '-.i . 1. Amendment of Rlpoliri Agreement (l) -'Our_{sei>tenl>er '$6} l$>5i Agreements\vlth ft' kipolin (Faris /license the maifcifhcture of vatef-thlhn'ad snsulsion psints in.i7.3--;; Franco and Algeria and Industrial.and maintenance finishes in France, Algeria, , Great Britain and Belgium. About a'year ago Bipolia proposed amending these 7'7 Agreements and certain revisions yer* discussed viththe Paint Division. 'A :{- 7 ` draft of an amended contract/vhich vould include granting Ripolin: the right . ; to manufacture industrial and maintenance finished in Billand and additional technical provisions it requested, vas forwarded to Ripolin for approval,1 . v Ripolin has informed ua that the amended contract i being reviewed by its ... attorneys. 4< '77:'. "v V ' '-7':; - 2. PFE'b Covering Rehabilitation of CIeveland Plant (4) - FTK's covering recon- 7; ctruction and rehabilitation of the Cleveland' plant haye, to date, been ap- proved in the total aiaount of $1,854,433* Project approval for additional \ items totaling 4168,367, has been granted. , 3. Bale of Evansville Branch. (4)- A suitable location for the new Evansville Branch has not as yet Been found. The sale of our present Evansville Branch . property, as authorised by the Directors, on March 15, will be delayed until arrangements can be made to assure Obtaining other suitable branch facilities. 7 ..t : i, 4. Acquisition of Additional Property at Mev Orleana Plant (3) - negotiations 'to .7. '7 i. ! obtain this property have teen, abandoned' pending determination by the Factory , Insurance Association.as to the feasibility of the Installation of a sprinkler, 7 line along our ,property,line in, lieu of a fender well. v . , ,\f;v . - ' 7 7 / . . ,'' . .7" *71 r ' J`V 5. KBC Television Revs Program (l)> XBC failed to deliver a satisfactory nun3^vOif/AiV^7 Stations for the early evening television neve program authorised by the.*wettiiye;-7-;-'? Comittee on April 29* Therefore, the Paint Division has rejected the ' ment tendered by.HBC, 7".;;7 .. 7;;;' 1 Chemlcals-PiBoents-Metals Division 7,; -------------..... : ; 1, Proposed gale of Bcrantoa/ PsanSylvSnia Plant (2) - Hegotiatloaas . . v 7 .7 7;v7 C ^ ' 2.' Project Z (l) - :no; dAveiopoAnt* :isijuse'''juiae iseeting.'f:;^' Chemurgy Division . -i . - j 1.; Indianapolis IRrotein Plant (l) - The Xndlsnapolls Bokrd of .flanliaty .<?oisdSiioQiers;7.>;7.-| is vithholdlng action approving this project until 0jptd>er* f ,I All Directors . r2 August. 2, 1957 ; food PlVlSlOQ .. -y "V ,.'V;0 ' ! . transfer of Condiment and Coconut Operations to Bethlehem (2) -'Traneferof coniHwftnt ana coconut operations from Elmhurst toBethleberttf as approved by - . the Directors on April 19, is avaiting completion of authorized .alterations V ,-V \ to the new plant. Estimated completion date is September 1 and operations at. . this plant .are expected to commence onOctober 1. ^ ' ' ;; 2. Proposed Sale of Iron Street andllorwalk plants (?) -Ko offers of purchase for eitneriho Iron Street or Itorvalk plants have Ipeen received as a result of the listingof these .'plants vith.real estate agents as .approved by the Executive . ' v' - - , Committee on April- '.V W-. , Coconut Requirements Contract vith Dromedary Division of National Biscuit Com pany (l) -sbaplan to purclmBe Dr<miedaryts coconut 'man\ifacturing equipment : authorized by the Executive Committee on dune 11 has been abandoned. Another agreement vherehy the jpurkee Division vill manufacture and package Dromedary's . requirements of bulk end packaged sveetened coconut has been submitted to ' . National biscuit Company. t. Proposed Bale of Elmhurst, Long' Island Property bn May 17 the Executive Com mittee authorised the sale of ibis property, on August 10 the C. Grant Keck Organization vas granted the exclusive agency for the sale of this property and, the asking price vas established at $1,850,000.1 Southern Chemical Division ' 1. Crestvood Street Relocation (l) y The Southern Chemical Division's negotiations . yith"the City ,f Jacksonville for phe relocation of Crestvood Street are pending, . and, at tbe present time) the City has* Indicated that the total cost of this . project will substantially exceed the sum of $12,500 as authorised by the Directors , on April,19. V v ^-' ' y.'- .:--y ws/bjs: W. P. Btetzelberger O'1.V-.-;- v > I".-:': '^.:Kv:-y-:-V!--rv.ki< -<% > -.V, v;'y ; ::;V V',-V.'.V.VV;--"' . ' ; " ' "' GLD007998 (Xhe figure In parentheses is number of consecutive souths item has 'beenspending.1