Document MGX8MvY57BDMwg02Ywo3Lx9Kx

Minutes :of Meeting of SXSS'COTllTjS OOSElfTEE field , Wednesday, February l6,, 1949 at IlsQO oscIocfc A>. Mi PKSGWJk Messrs, Martino? Baxleyf Gaxesches Merson, Simon, Warshow, and. Wild car (j a Martino, Chairman, J, B Hepxioh, Secretary) The minutes of the meeting of February 9s 1949 war duly approved* Upon motion the following, applications for appropriations .were duly Zi- ; approved? $ 24,222*45? Manufacturing Committee; 15 automobiles and 2 trucks ($5,572.40 net). Barold. Sales Division 14,543.74s Purchase of D? Caterpillar Tractor, Bottom Diggings Washer , Missouri. 15,000*00? Purchase of Bentonite loading and Road Maintenance Equipment t Aladdin.' Plant, Wyoming. 16,892.00s Behabilits,tion of Houston Plant Clay Drying and feeding System, Houston., Texas. 3.970.55s Construction of Storage and Proportioning Device, Houston, Texas. Morris P. Kirk & Son* Inc. 4,6?6.42i Installation of Water Well 5005 Deep. Overexpendi- ture, Los Angeles. 10 s92?.. 19: Installation of 6?!-Ton Lead Softening Pots, Over- expenditure , Los Angeles. Titanium Division h MacIntyre Development. 5,995.18i Beliaing Seven foot Symons Cone Crusher, 3,56o ,.oo i Helining 5-if2 foot Symons Coarse Bowl Cone Crusher. 2,75? Mt Spar Belt for 1!0!!; and 11SB Conveyors. 2,021.60; Repairs to Ho. 13 Magnetite Conveyor. 19,554.00; Titanium Division; Airborne Magnetometer Survey, Bale St. Paul region, Quebec, Canada. Upon mot ions duly mad and seconded, the following resolutions were unanimously adopted; WHEREAS, on June 28, 1943, there was filed in the District, Court of the United States for the Southern District of Sew York an indictment by Grand Jurors whereby lational Lead Company, Titan Company, Inc., Fletcher Rockwell., Gland F. Garesche and, Gustav Jebsen (together with certain others) were charged with violations of certain laws of the Suited States commonly known as the Anti-Trust lavs j and 0000-NL1-000039098 (SSICOTITI COMMITTEE February l6y 1,949) WHEHEAS, said charges relate to acts and transTM a-ptloiig;,, aB#:, allagpi., gtb,t& of Ife.tio.jfel feed Company ,aH3. Tx,taa Company; lnc,, in connection, with the origin., development and management of the, business of said companies in the man^ifactups a,p& distribution of titanium pigments be- glnmag in 1 or about the year 1920? and WB3PB|1&:. ssJdr indictment contains, three, counts, two of which were fbund: against -each df said. above-named Individuals and all three against Ifeitphal Lead Company and Titan Company, Inc.; and WHEHEAS, each of said individual defendants has pleaded not guilty as to each of said two counts and each of said corporate, defendants: has pleaded not guilty as to each of said three? counts of said, indictment and said indictment so pleaded to now stands untried and is about to be brought to triad unless otherwise disposed of? and WHEHEAS, the t;:is>l of said indictment or any of the counts thereof would involve national Lead Company in'great expense and in great loss and inconvenience by reason of the enforced absence of its officers and employees in attendance upon, the trial as well as? in preparation for trial, all ex tending over a period of,many Weeks; and WHEHEAS, in, the judgment of this Committee, it is to the best Interest of National Lead Company and Titan. Company, Inc, that an arrangement be made whereby pleas of nolo contendere to each of Counts One and Two of said indictmeat be permitted to be entered on behalf of each of them. Count Three of said indictment to be dismissed as to said defendants; and ^ WHEHEASs lathe judgment of this Committee, it ig to the best interest of National Lead Company that Fletcher W. Eockwell, Claude 3?. Garesehe and Gustav Jebsen withdraw their pleas of not guilty and enter pleas of nolo contendere to each of the two counts of said indictment against them, thereby avoiding the necessity of a trial, of said indictment; and WHEHEAS, counsel have advised National Lead Company that under all the circumstances it would be proper for that Company to undertake to pay and to pay such fines as may be imposed upon said individual defendants or any of them if they withdraw their pleas of not guilty and be permitted to plead and do plead nolo contenders to each of the two counts of said indictment against them; 00Q0-NU-000039099 3SS-2203 {KSCTJTIYB GOMHTE - february 16, 15*9) BBSOlTEDs that counsel be authorized and instructed ,withd*'^ %er pleas, ft, apt. heystoftqra, entered pa, behalf of National hedd Company aM thereupon to ester on. "behalf of : JT^tional Lead, Company a plea of nolo contendere to each of the Opupts One and Two of sa^L indictment referred to in the fore going preamble to these resolutions' further that,9, fPT- tfte henefit,, and coxwenieace of XfatiPna,! ftpaft, Company ,s Flethher if, xtoekWells. Claude S'-, Gfareeche -and Gii^fcay:,-jfhsan. arkk eaph-, of the "bp jfipqt|e.sted to withdraw the . j>lea,si of not ^ailfcy heretofore entered by them and thereupon to tenter a, pl^gt 4ft nolo, contendere, to each of Coasts Ope and Ttf of said: indicimesfts ftqxthsft - PJSOLVEDs that, if and when said Fletcher . Rockwell, Claude S'. Garesche and Gustav Jebsen. shall hate withdrawn said pleas of not:, guilty and entered pleas of nolo contender in accordance with such, requests, such fines as may be imposed upon, said individual defendants upon entering such pleas shall be paid by Rational Lead Opmpany* further RBSOLYED, that the officers of lational Lead Company are hereby authorised and instructed to do whatever may be necessary or proper to carry out the, intent and purposes of these resolutions. - Upon motion the meeting then adjourned. FORM 8 3 -- M S-- GOI.DSHITH SROS., 77 NASSAU ST., NEW YORK B, ]; i 0Q00-NU-000039100