Document N20MYMvJbnXmRjjXOx1xXEZBE

The Chairman presented to the meeting statements of Ret Income and of (let Current Assets, estimated as of September 30,1946. wfaioh on motion duly made and seoonded, were approved and ordered plaoed on file. was: On motion duly madef seconded and unanimously adopted, it RESOLVED, that the action cf the Officers of the Company L* ; 1. in approving the following Appropriations be and the same hereby Is ratified, approved and confirmed: Description Amount 460 Concrete loading platform for Baker Trucks at Perth Amboy. #19,036.00 L64 Drilling a third deep well near reservoir in Pine Canyon and purobasing and installing new pump for well at Tootle Plant 6,150.00 i There was presented to tbs meeting the oontraot of sale }etween the Company and the Eagle-Plober Company executed September 27. .946 ooverlng the sale and transfer to the Eagle-Pioher Company of a >aroel of land on which the Company's East Chicago, Indiana, Plant is oeated, together with all buildings and Improvements thereon, all fixurea, accessories, machinesd machinery, lead and xlno bearing materials. *t,erial*oxand supplies, items made especially for the East Chicago Plant, items noy order by the Company and the assignment to the Eagle-Pioher lompany of tb Company's 0. S. Patents Hoe. 2,156,420 and 2,174,569 for a lonsideratlon of #986,000 subjeot to any mutual revision upon the comple tion of the Inventory ofmaterials and supplies, whloh amount Is to be paid ns follows! a. #600,000 was reoelved from tht Eagle-Plober Company upon the xecutlon of the oontraot. b. #475,000 is deposited In the Guaranty Trust Company of Hew York to ba paid over toths Company upon the delivery to and aooeptanoe by the Eagle-Plobsr Company of a dead and abstract of title eoverlng the realty lnoluded in the oontraot of sals. o. Balance of purobase price to hi paid in oath by the Eagle-Pioher Company to the Company on or before delivery and aooeptanoe of the dead. Water rates, power bills, real estate and personal property ants willbe apportioned as of Ootober 1, 1946 and firs insurance on the wildings now in effect shall be maintained by the Company until the clos- ng of the title. . After discussion it was on motion duly made, seoonded and nanimously adopted; RESOLVED, that tht President or Vies President and Secretary or Assiotant Secretary bo and they hereby art author ised axel empowered on behalf of the Company to exeeute and de liver to the Eagle-Pioher Company a dead of the following described real estate belonging to the Company located la East Chicago, Indiana: