Document MM6BXmrxbYbdE50yOVazJgjbj

Kmnrs or orthe meeting of the board directors or PITTSBURGH CORNING CORPQRAT 10N held in ncosier, PENNSYLVANIA JUtf 1971 The regular meeting of the Board of Directors of Pittsburgh Corning Corporation was held ac the appointed time and place. Members Attending: Janes H. Bierer, Presiding Robinson F. Barker William C. Decker David G. Hill Aaory Houghton Amory Houghton, Jr. Felix T. Hughes WV-11697 Pittsburgh Corning Dr. W. D. Johnston, Director of Research, gave a presentation on the work being done in Research on high temperature insulation. He... Rie-r.et advised the Board that ve had received ail Information on the proposed purchase of land in Maracaibo, Venezuela. ( - The total cost of the land will be 567,000. - Down payment required is $16,700. - Balance due will be spread ever 48 payments of slightly over Si,000 per month with 7*4 Interest. - Mr, Bierer recommended approval of the purchase and advised the Board that prior approval had 0er; verbally received. it vas: After further discussion, and upon motion duly made, seconded and carried RESOLVED, That land at Maracaibo, Venezuela, comprised of Riots C4 and C7 in the Maracaibo 2ona Industrial be, and is hereby approved, and the officers of the Corporation are hereby authorized a'nd directed to negotiate the final terms with Condiraa, representing the Zona Industrial. TNi.-th .*ZZ Frank R. M^ston Secretary ^