Document NGYXw76YEo77LXnbayD15kjMV
Minutes of regular Meeting of the Board of directors of national nead Company held at No. Ill Broadway, New York City, on ihursday, December 17, ISol, at.
13 o' clock A. j l .
Present: Messrs. Beale, Beschorman, ^roarick, Carter,
Caselton, Cornish, Croft, Field, McCarty, Rockwell, Bioford, Taylor
and Thomoson.
Absent: "essrs. Carpenter and horsey.
Present by invitation: Messrs, breene and Merrick.
The minutes of the regular meeting held November 19, ISol,
were read and duly approved.
On separate motions the following resolutions were each
unanimously adopted, tne roll being called wnere the expenditure
of money was involved.
nhSOLV BLi, th.t the following actions of the Bxecutive Committee be and they hereby are approved.
appropriating
approving ex penditure of
if 26,500.00
for installation of alternating current power and ligating system and equipment in white _iead Mill, Southern worms, Chicago Branca.
B 2,630.99
by John i. uevvis & Bros. Co. for ourcnase and installation of two 42 cell ixiae ironclad batteries for its No. 4 and Mo. 8 commercial trucks.
Appropriating B 800.00
Approving ex penditure of
S55,000.00
for rebuilding drag box for white ^ead Mill, dutch Process System, Southern t.orks, Chicago orancn.
by Combined metals Reduction Company for the installation and six months operation of pilot plant for developing bulk concentrate leacning process.
0000-NLI-000021860
appropriating
Approving ex penditure of
do
v 4,00 '.00
for continuance of operation of V.est Pullman Experimental Plant for the grinding of Carter Shite Lead in Oil.
$63,500.00
a 1,506.00
by St. Louis Smelting ~ defining Company for changes anc alterations in its Basic Leac Sulphate Plant at Collinsville, ill.
by che Robertson Dead i*ifg. to., ijtd. for construction of foundation ana walls for extension to its Montreal Plant.
Appropriating
c 1,EGO.03 for removal of Carter cylinGors at Southern Tories, Chicago Branch.
Approving tne exercise by Combined Petals Reduction Company of option to our chase approximately 350 acres of mining land, in Bingham District, Utah, known as the Lavagnino Group, adjoining its Park-B'ingham properties, at a price of b'75,000.-
authorizing the contribution of $300. on benalf of the Company and its subsidiaries to the support of Plumbing G: seating industries Bureau for the year 133l .
Granting a pension of $50. a montn effective January 1, 1S5C, to Andrew Schropp, C.iicago branch.
Granting a pension of 50. a month effective January 1, 1352, to adv.arc uslly, Baltimore Branch.
Authorizing iir. e . J. Cornish to give proxy to
Frederick Hertenste,in et al to vote the shares of the Eagle-Picher Dead Company owned by this Company anc registered in his name at the special shareholders meeting of that Company to be held December 15, 1051, to take action with respect to the retirement of approximately 31,000 shares of the Common Stock o: said Company.
FESOLVEB, that the affixing of the seal of the Company to the following documents be and it hereby is approved.
General Office
One certified copy each of Directors' resolution of October Id, 1951, de claring regular quarterly dividend on the Class A Preferred Stock payable December 15, 1S51, and of Directors' resolutions of *ov ember 13, 1331, declaring regular quarterly dividends on the Class -d Preferred and Common Stock, payable February 1, 1352, and December 31, 1331, respectively, and Emergency belief Extra Dividend on the Common Stock payable December 31, 1931.
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