Document NeMX2aG3pKb2pXOYn92kGeVXR

Min u t e s o f Me e t in g o f EXECUTIVE COMMITTEE h e l d Th u r s d a y , _Ja n u a r y 12, 1956, a t 3:00 otCLQCK P.M. PRESENT: Me s s r s . Ma r t in o , Dr e w e s , Me r s o n , Re id , Wa r s h o w , 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 ) ABSENT: Me s s r s . Bu r l e y a n d We l c h Th e min u t e s o f t h e me e t in g o f De c e mb e r 2|, 1955 w e r e o u l y APPROVED. 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 $ 2,800.00: 5.000.00: . . :1 000 00 6,190.00: 25,305.18: 4,206.07: , . :8 000 00 51,102.00: 90.000.00: 3,485.00: 2,641.00: 62,774.00: 27.000.00: I 5,345,000.00: Co n t r ib u t io n s Me mb e r s h ip Du e s in t h e Ame r ic a n Min in g Co n g r e s s FOR THE YEAR 1956. Co n f ir min g p a y me n t o f Me mb e r s h ip Pa r t ic ip a t io n in t h e Die Ca s t in g Re s e a r c h Fo u n d a t io n , In c . Co n t r ib u t io n t o Eis e n h o w e r Ex c h a n g e Fe l l o w s h ip Pr o g r a m . 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 FOR THE PERIOD JAN. I, TO MAR. 31, 1956: Me mb e r s h ip , in c l u d in g s a f e t y & h y g ie n e $4,043.00; Me t a l l ic Le a d Pr o d u c t s Div is io n $ 1,469.00; Pig me n t s L Ch e mic a l s Div is io n $678.00. Ame r ic a n Be a r in g Co r p o r a t io n Pu r c h a s e a n d In s t a l l a t io n o f Eq u ip me n t f o r In c r e a s e d Be a r in g Pr o d u c t io n , In d ia n a p o l is , In d ia n a . Co n s t r u c t io n o f Fe n c e a n d Co n c r e t e Sl a b f o r Ya r d St o r a g e , In d ia n a p o l is , In o ia n a . In s t a l l a t io n o f Ad d it io n a l El e c t r ic Se r v ic e , In d ia n a p o l is , In d ia n a . At l a n t i c Br a n c h ; Ex t e n s io n o f Pa in t Ma n u f a c t u r in g Fa c il it ie s , Pe r t h Amb o y , Ne w Je r s e y . Ba r o id Div is io n Pu r c h a s e o f e n t ir e c a p it a l s t o c k o f Dr il l in g Mu d Pr o d u c t s , Lt d ., o f Al b e r t a , Ca n a d a . Pu r c h a s e o f 1956 Bu ic k 4-Do o r Se d a n , Ca n a d a . Pu r c h a s e o f 1956 Fo r o Tu o o r Se d a n , Ca n a d a . Su p p l . Ap p r o p ., Co n s t r u c t io n o f Ne w Wa s h in g Pl a n t , Ca d e t , Wa s h in g t o n Co u n t y , Mis s o u r i. Le a s e Ag r e e me n t a n d Rig h t -o f -Wa y Pu r c h a s e Sc o g g in Pr o p e r t y , Co l o n y Pl a n t , Cr o o k s Co u n t y , Wy o min g . Ca n a o ia n Tit a n iu m Pig me n t s Limit e d ; Su p p l . Ap p r o p ., Co n s t r u c t io n o f Ne w Tit a n o x Pig me n t Pl a n t , Va r e n n e , Qu e b e c , Ca n a o a . 0000-NLI-000021108 (EXECUTIVE COMMITTEE - Ja n u a r y 12, 1956) 4,900.00: 173,957.00: 33,809.00: 8,300.00: 4,614.31: 13,000.00: , . :8 000 00 14,778.99: 500.00: 2,518.93: 738.42: 4,745.97: 3,500.00: 2,463.53: 24,544.08: 73,311.00: 42,972.00: 22,099.00: I,730.84: 37,835.00: Do e h l e r -Ja r v is Div is io n Pu r c h a s e o f Be n c h We l d e r , Gr a n d Ra p id s #1 Pl a n t , Mic h ig a n . In c r e a s e o f Zin c Ca s t in g Fa c il it ie s , Gr a n d Ra p id s #3 Pl a n t , Mic h ig a n . Co n s o l id a t e To o l Ro o m a n d Die Re p a ir Sh o p s , Gr a n d Ra p id s #3 Pl a n t , Mic h ig a n . Pu r c h a s e o f Cl a r k Ya r d l if t Tr u c k , Po t t s t o w n #1 Pl a n t , Pe n n s y l v a n ia . (Ol d u n it t o b e t r a d e d in FOR ALLOWANCE OF $1,200.00.) In s t a l l a t io n o f Ad d it io n a l Ro l l e r Co n v e y o r , To l e d o #1 Pl a n t , Oh io. Pu r c h a s e a n o In s t a l l a t io n o f 2 Pu n c h Pr e s s e s , Gr a n d Ra p i d s . Mic h ig a n . Ge n e r a l Of f ic e Co n s t r u c t io n a n d In s t a l l a t io n o f Ex h ib it f o r Na t io n a l Le a d Co mp a n y p r o d u c t s a t "Fo r d Ro t u n d a " Ex h ib it io n Ha l l in De t r o it , Mic h ig a n , f r o m Ma y 9, t o Se p t e mb e r I, 1956. Co n f ir min g p a y me n t o f b il l t o Al e x a n d e r L Gr e e n FOR SERVICES RENDERED DURING FOURTH QUARTER OF 1955 - $13,700.00; Dis b u r s e me n t s - $1,078.99. Re t a in e r f o r p r o f e s s io n a l s e r v ic e s o f Ir v in g T. Be r g ma n f r o m Ja n u a r y I, 1956 t o De c e mb e r 31, 1956. Se r v ic e s r e n d e r e d b y Br o z a n & Ho l ma n f o r t h e mo n t h s o f No v e mb e r , a n d De c e mb e r , 1955 a n d Ja n u a r y , 1956 Fe e - $2,500.00; Dis b u r s e me n t s - $18.93. Le g a l Se r v ic e s o f Le o n a r d E. Ne l s o n , Es q . f o r t h e mo n t h s o f No v e mb e r a n d De c e mb e r , 1955 - $575.00; Ex p e n s e s - $163.42. Mo r r is P. Kir k & So n , In c . Pu r c h a s e o f Hy s t e r Fo r k Lif t Tr u c k , Sa l t La k e Cit y , Ut a h . In s t a l l a t io n o f IQ-To n So f t Le a d Ke t t l e , Sa l t La k e Cit y , Ut a h . Pa c if ic Co a s t Br a n c h ; Pu r c h a s e o f 1956 Ch e v r o l e t St a t i Wa g o n , Sa n Fr a n c is c o , Ca l if o r n ia . Th e Ch a s . Ta y l o r t s So n s Co mp a n y ; Re p a ir o f Kil n s 2 a n d 10, Ta y l o r , Ke n t u c k y . Tit a n iu m Al l o y Ma n u f a c t u r in g Div is io n : Re p l a c e me n t o f Bu il d in g No . 17, Nia g a r a Fa l l s , Ne w Yo r k . Tit a n iu m Div is io n - St . Lo u is Pl a n t ; Co n s t r u c t io n o f Fiv e Re p l a c e me n t Bl e a c h in g Ta n k s . Tit a n iu m Div is io n - Sa y r e v il l e Pl a n t An n u a l In s p e c t io n a n d Re p a ir s t o "C" Un it . Ov e r e x p ., Re p a ir s t o No . 4 Lima Cr a n e . Re p l a c e me n t o f No s . 5, 6, a n d 7 Bl e a c h Ta n k s . 0000-NLI-000021109 I I I (EXECUTIVE COMMITTEE - Ja n u a r y 12, 1956) Th e Co mmit t e e a p p r o v e d t h e r e c o mme n d a t io n o f t h e Ma n u f a c t u r in g Co mmit t e e t o s e l l a n Oh io "B" Cr a n e a t t h e St . Lo u is Pl a n t o f t h e Tit a n iu m Div is io n a t a p r ic e o f $4,500.00. Th e Co mmit t e e a p p r o v e o t h e r e c o mme n d a t io n o f t h e Ma n u f a c t u r in g Co mmit t e e t o d is p o s e o f Ti a n o Zr Me t a l Eq u ip me n t o f t h e Tit a n iu m Al l o y Ma n u f a c t u r in g Div is io n a t Nia g a r a Fa l l s , Ne w Yo r k t o b e s o l d a t a n e s t ima t e d s c r a p r e c o v e r y p r ic e o f $3,594.00. Th e Co mmit t e e a u t h o r iz e d t h e p u r c h a s e o f $2,000,000.00 Pu b l ic Ho u s in g Au t h o r it y Te mp o r a r y No t e s , ma t u r in g Ap r il 13, 1956. Th e Co mmit t e e c o n f ir me d t h e p u r c h a s e o f $1,000,000.00 Fe d e r a l Ho me Lo a n Ba n k 3$ No t e s , d a t e d No v e mb e r 15, 1955 a n d d u e Ju n e 15, 1956. Th e Co mmit t e e a u t h o r iz e d t h e s a l e b y Ca n a d ia n Tit a n iu m Pig me n t s Limit e d o f c e r t a in b u il d in g s a n d r e a l e s t a t e a t Ca p o e l a Ma d e l e in e a s f o l l o w s : 8 w o o d e n s in g l e -f a mil y h o u s e s a n d 4 t h r e e f a mil y BRICK HOUSES STANDING ON 17.63 ACRES FOR $60,000.00 A LOT FRONTING ON BOULEVARD LA MADELEINE FOR $10,000.00; ALL AS MORE PARTICULARLY SET FORTH IN LETTER DATED JANUARY 9, 1956 FROM C. J. St o p f o r d t o J. A. Ma r t in o , Pr e s id e n t , a n d J. H. Re id , Vic e Pr e s id e n t . Th e Co mmit t e e c o n f ir me d t h e a u t h o r it y g r a n t e d t o t h e Ba r o id Div is io n t o s e l l t h e Oil Le a s e f o r $17,000.00 a n d t h e o f f ic e b u il d in g a t Mt . Pl e a s a n t , Mic h ig a n f o r $30,000.00, w h ic h s a id p r o p e r t ie s w e r e a c q u ir e d b y t h e Ba r o io Div is io n in c o n n e c t io n w it h t h e s e t t l e me n t o f THE ACCOUNT OWING TO THE SAID BAROID DIVISION BY THE ATLAS SUPPLY Co mp a n y . 0000-NLI-000021110 (EXECUTIVE COMMITTEE Ja n u a r y 12, 1956) 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 s RESOLUTION WAS UNANIMOUSLY ADOPTEO: RESOLVED, Th a t t h e p r o p o s e d Ad v e r t is in g Bu d g e t f o r t h e y e a r 1956 in t h e s u m o f $2,397,809.00 (in c l u d in g $1,211,000.00 f o r Pa in t Ad v e r t is in g , $302,500.00 f o r t h e Pa c if ic Co a s t Br a n c h , $30,000.00 f o r t h e Sc h o r n Pa in t Div is io n , a n d $8,500.00 f o r t h e Ha w a iia n Is l a n d s , a l l a p p r o v e d a t t h e Ex e c u t iv e Co mmit t e e Me e t in g o f Oc t o b e r 5, 1955), a s d e t a il e d in l e t t e r AND REPORT OF DECEMBER 16, 1955 FROM MR. T. HOWARD Sa r in e , Ad v e r t is in g Ma n a g e r , t o Mr . J. A. Ma r t in o , Pr e s id e n t , b e a n d it h e r e b y is a p p r o v e d . 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 RESOLUTION WAS UNANIMOUSLY ADOPTED! RESOLVED, Th a t t h e p r o p e r o f f ic e r s o f t h is Co mp a n y b e a n d t h e y h e r e b y a r e a u t h o r iz e d AND DIRECTED TO MAKE, EXECUTE AND DELIVER IN THE NAME OF ANO UNDER THE SEAL OF THIS COMPANY THAT c e r t a in ''Pr o s p e c t in g Ag r e e me n t a n d Op t io n f o r Le a s e ", d a t e d a s o f De c e mb e r 20, 1955, b e t w e e n Ar t h u r J. Ma u r e r , Sr ., e t a l ., a s Le s s o r s , a n d t h is Co mp a n y , a s Le s s e e , r e l a t iv e t o n in e b e n t o n it e PLACER MINING CLAIMS IN CROOK COUNTY, WYOMING, AS in s a id Ag r e e me n t mo r e f u l l y d e s c r ib e d . 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 RESOLUTION WAS UNANIMOUSLY ADOPTED! RESOLVED, Th a t t h e p r o p e r o f f ic e r s o f t h is Co mp a n y b e a n d t h e y h e r e b y a r e a u t h o r iz e d AND DIRECTED TO MAKE, EXECUTE AND DELIVER IN THE NAME OF AND UNDER THE SEAL OF THIS COMPANY, THAT CERTAIN QUITCLAIM DEED CONVEYING TO DUVAL COUNTY, St a t e o f Fl o r id a , t w o s t r ip s o f l a n d , e a c h f o r t y (40) FEET WIDE, LOCATED IN THE COUNTY OF DUVAL, St a t e o f Fl o r id a , f o r t h e p u r p o s e o f e x t e n d in g t h e s o -c a l l e d Lo n e St a r Ro a d e a s t e r l y f r o m Gil mo r e He ig h t s Ro a o t o St . Jo h n ^ Bl u f f Ro a d , s a id p r o p e r t y BEING IN SAID DEED MORE PARTICULARLY DESCRIBED. 0000-NLI-000021111 I (EXECUTIVE COMMITTEE - Jan u ar y 12, 1956) Up o n mo t io n s 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 RESOLUT ONS WERE UNANIMOUSLY ADOPTED: RESOLVED, Th a t t h e p r o p e r o f f ic e r s o f t h is Co mp a n y b e a n d t h e y h e r e b y a r e a u t h o r iz e d AND DIRECTED TO MAKE, EXECUTE AND DELIVER IN THE NAME OF AND UNDER THE SEAL OF THIS COMPANY, THAT CERTAIN AGREEMENT BETWEEN THIS COMPANY AND t h e Sa y r e a n d Fis h e r La n d Co mp a n y o n t h e o n e h a n d , a n d Ne w Je r s e y Hig h w a y Au t h o r it y o n t h e o t h e r HAND, WHEREBY THE PARTIES ARE TO EXCHANGE CERTAIN LAND AND EASEMENTS, AS IN SAID AGREEMENT MORE FULLY DESCRIBED, AND THE SAID AUTHORITY IS TO PAY TO THE Sa y r e a n d Fis h e r La n d Co mp a n y t h e s u m o f $80,000,00. FURTHER RESOLVED, Th a t t h e p r o p e r o f f ic e r s o f t h is Co mp a n y b e a n d t h e y h e r e b y a r e a u t h o r iz e d AND DIRECTED TO EXECUTE AND DELIVER SUCH DEEDS AND OTHER DOCUMENTS AS MAY BE NECESSARY TO CARRY OUT I THE PURPOSES AND INTENT OF THE FOREGOING AGREEMENT. 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 d . I 0000-NLI-000021112