Document LgpJZ520E9D2Xo9YygYb712Gq

Min u t e s o f Me e t in g o f EXECUTIVE COMMITTEE h e l d We d n e s d a y , Ap r il 6, 1955, a t 11:00 o *c l o c k A.M. PRESENT: Me s s r s . Ma r t in o , Bu r l e y , Dr e w e s , Me r s o n , Re id , Wa r s h o w , We l c h , a n d Wil d n e r (J. A. Ma r t in o , Ch a ir ma n ; J. B. He n r ic h , Se c r e t a r y ) Th e min u t e s o f t h e me e t in g o f Ma r c h 31, 1955 w e r e d u l y appr o ved. 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: $ 2,182.00: 2,I 05.00: , . :10 000 00 8,060.00 : 16,013.81: 6,322.50: 9,738.60: 2,677.16: 3,207.75: 3,636.60: 16,873.00: Ba r o id Div is io n Pu r c h a s e o f Re p a ir Pa r t s f o r 5-l/2 Fo o t Sy mo n s Cr u s h e r , Ma g n e t Co v e Pl a n t , Ma l v e r n , Ar k a n s a s . Pu r c h a s e o f Ba c k -Ho e At t a c h me n t , Fo u n t a in Fa r m, Mis s o u r i. Se t t l e me n t o f Nic h o l a s T. Wa l l Cl a im Ar is in g Ou t o f Us e o f h is La n d f o r Ta il in g s Dis p o s a l , a n d Ac q u is it io n o f Rig h t t o Us e La n d f o r s u c h Pu r p o s e , Bo t t o m Dig g in g s Wa s h e r , Wa s h in g t o n Co u n t y , Mis s o u r i. (C & R No . 8255 in t h e a mo u n t o f $6,000.00 f o r "Ac q u is it io n o f Rig h t s t o u s e Wa l l La n d s f o r Ta il in g s Dis p o s a l , Bo t t o m Dig g in g s Wa s h e r , Wa s h in g t o n Co u n t y , Mis s o u r i", a p p r o v e d a t Ex e c u t iv e Co mmit t e e Me e t in g o f Se p t e mb e r 24, 1952, is h e r e b y c a n c e l e d .) Do e h l e r -- Ja r v is Div is io n Pu r c h a s e o f Na t c o H-6 Ta p p e r , Po t t s t o w n , Pe n n SYLV AN I A. Tr a n s f e r a n o In s t a l l a t io n o f 2 Lin d b e r g Fu r n a c e s , To l e d o (I) Pl a n t , Oh io . Ge n e r a l Of f i c e : Su b s c r ip t io n s t o 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 Ap r il I, t o Ju n e 30, 1955: Me mb e r s h ip , in c l u d in g s a f e t y a n d h y g ie n e - $3,920.50; Pig me n t s & Ch e mic a l s Div is io n - $849.00; Me t a l l ic Le a d Pr o d u c t s Div is io n $l,553.00. Ma g n u s Me t a l Div is io n : In s t a l l a t io n o f Sy n t h e t ic Sa n d Mu l l in g Eq u ip me n t , St . Lo u is , Mis s o u r i. Tit a n iu m Div is io n : Pu r c h a s e o f 1955 Po n t ia c Fo u r Do o r Se d a n , Lo s An g e l e s , Ca l if o r n ia . 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 Fiv e a n d a Ha l f Fo o t Sy mo n s Co a r s e Bo w l Co n e Cr u s h e r . Re p a ir s t o Cr u s h in g Pl a n t Co n v e y o r . Tit a n iu m Div is io n - St . Lo u is Pl a n t : Re p a ir s t o Nos. 4 a n d 5 Po w e r Pl a n t Bo il e r s . 0000-NLI-00002U01 c. I V (EXECUTIVE COMMITTEE - Ap r il 6, 1955) Tit a n iu m Div is io n - Sa y r e v iu e Pl a n t $ 42,584.00: Co n v e r s io n o f Io l e Eq u ip me n t t o "A" Un it Ac id Dr y in g Se r v ic e . 5,236.00: In s t a l l a t io n o f Au t o ma t ic Ba g Pr in t in g De v ic e . 3,933.00: De mo l it io n o f No . 6 Co n c r e t e Dig e s t io n Ta n k . 4,983.00: Re p a ir s t o No . 17 Ol iv e r Wa s h in g Fil t e r . 4,543.00: Re p a ir s t o No . 15 Ol iv e r Wa s h in g Fil t e r . I ,244.23: Ov e r e x p ., Re p a ir s t o No . 2 St e a m Ge n e r a t o r . 2,973.00: Re p a ir s t o No . 2 Bir d Cl a s s if ie r . Th e Co mmit t e e r a t if ie d a n d a p p r o v e d t h e l e t t e r d a t e d Ma r c h 18, 1955 f r o m W. J. We l c h , Vic e Pr e s id e n t , t o J. B.He n r ic h , Se c r e t a r y , c o n f ir min g THAT THE ACqUISITION OF ALL OF THE OUTSTAND- ING SHARES o f STOCK OF So u t h e r n Sc r e w Co mp a n y w a s a c c o mp l is h e d BY EXCHANGING THEREFOR 71,000 s h a r e s o f Co mmo n $5 p a r s t o c k o f Na t io n a l Le a d Co mp a n y , WHICH HAD A VALUE OF $55 PER SHARE AT THE TIME OF THE CONSUMMATION OF THE TRANSACTION. Up o n mo t io n d u l y ma d e a n d 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 s WERE UNANIMOUSLY ADOPTED: RESOLVED, Th a t t h e Po w e r o f At t o r n e y HERETOFORE GIVEN TO ROLLIN P. SMITH BY THIS COMPANY UNDER DATE o f Ap r il 14, 1950, a n d a u t h o r iz in g h im TO EXECUTE ON BEHALF OF THIS COMPANY LEASE AND OPTION Ag r e e me n t s w it h t h e Co l o r a d o Riv e r Co mmis s io n o f Ne v a d a , a s WELL AS CONTRACTS RELATED THERETO, BE AND THE SAME I S HEREBY RESCINDED. FURTHER RESOLVED, Th a t t h e p r o p e r OFFICERS OF THIS COMPANY BE AND THEY HEREBY ARE AUTHORIZED TO MAKE, EXECUTE, DELIVER, AND RECORD AN APPROPRIATE INSTRUMENT UNDER THE SEAL OF THIS Co mp a n y r e v o k in g t h e a f o r e s a id Po w e r o f At t o r n e y . Up o n mo t io n d u l y ma d e a n d 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: 0000-NLI-000021102 \ E J-27 S (EXECUTIVE COMMITTEE Ap r il 6, 1955) RESOLVED, Th a t t h e Tr e a s u r e r b e a n d h e h e r e b y is in s t r u c t e d a n d e mp o w e r e d t o o p e n a n ACCOUNT OF OEPOSIT AND DISCOUNT WITH THE FIRST Na t io n a l Ba n k o f Ph il a d e l p h ia , in t h e n a me a n d FOR THE USE OF THIS COMPANY; TO OEPOSIT IN SAID BANK TO THE CREDIT OF THIS COMPANY FROM TIME TO TIME, ANY MONIES, CHECKS, ORAFTS, NOTES, ACCEPT ANCES, OR OTHER EVIDENCES OF INDEBTEDNESS (WHETHER BELONCINC TO THIS COMPANY OR OTHERWISE), WHICH MAY NOW BE OR MAY HEREAFTER COME INTO ITS POSSESSION, AND UNTIL OTHERWISE ORDERED, SAID BANK BE AND HEREBY IS AUTHORIZED TO MAKE PAYMENTS FROM THE FUNDS OF THE COMPANY ON DEPOSIT WITH IT, UPON AND ACCORDING TO THE CHECK OF THE COMPANY, SIGNED BY ANY TWO OF t h e f o l l o w in g : J. A. Ma r t in o , Al f r e d H. Or e w e s , H. T. Wa r s h o w , J. B. He n r ic h , J. J. Mo r s ma n , Jr ., J. J. La w l o r , a n d Mic h a e l Us s . Up o n mo t io n , t h e me e t in g t h e n a d j o u r n e o . .,5 000o -n u -o o mu o