Document OEaDyV097g0NYz4B32J30eBqv

'-THIS DOCUMENT STfROM ^ RLEs Sd CANNOT BE AUTHENTICATED BV PPG INDUSTRIES, INC. DIRECTOR'S MSETIS3 OF TEI DIRECTORS OF CAROLIMA ASSSSTCf ' fTS * 'TV February 19, 1045. Tie Directors of the Carolina Asbestos' Conoany, held a neetinar In the office of the Company at 11.50 A.M. The meeting was called to.order by the President, C. S. Carlourh. The Directors present were C. H. Carlough, ?. S. Sadler and D."S. Carlough. The Minutes of the Director's Meeting held on Feb. 20th 1945 were read *nd unanimously accepted, and approved by all the Directors present. On motion made by D. S. Carlough, seconded by T. S. Sadler, the following Officers for the Company wire proposed and unanimously elected to"hold office for the year 1S4S and/or until their successors are electee; C. H. Carlough, T.-S. Sadler^ r. ft. Beadle, D. S, Carlough, President Vice-President Secretary & Treasurer Assistant Secretary & Assistant Treasurer Ipon notion made by T. S. Sadler, seconded by D. S. Carlough, the following Salaries for the Officer? for the year IS4c were proposed and unanimously approved: O '`-/3 C. H. Carlough, T. S. Sadler, F, ft. Beadle, D. S. Carlough _p t- ^- c* r Ei c-o O CD CD CD *13,000.00 per yeer Salary plus TJ: of the Met Profits before Federal Income Taxes. 57.500.00 per year Salary, plus 4-? of the Met Profits before Federal Income Taxes. 54.500.00 per year Salary. 12"0.00 per month Salary. 1*, On motion of T. 3. Sadler, seconded by D. 5. Carlough it pi tosed that a dividend of 55,00 per shore of Common Stock be oa: February 25rf to 3*cckholders as of record of February 19th 1943. 7..is motion va? unanimously a proved and carried -end the Treasurer _ __ a? instructed to pay this dividend of 27.'.0 v>p hhr.re cf Common 5S6 Stock in Cash on February 25rd to stockholders as of record of February 12th 1S43. C INT INVAT ICM OF THE DIRECTS?15 meeting cf~t;-e Carolina asbestos COMPANY, INC. Sheet No. 2. }lo further business to come before the Meeting a motion was made Carlough, seconced by T. S. Sadler, which carried unanimously .ad the meeting was adjourned at 12.45 P. M. Secretary NOTE: THIS DOCUMENT Dl NOT COME FROM PPG FILE f'j .o THIS DOCUMENT WAS NOT A RECORD OF PPG INDUSTRIES,.INC. DID NOT COME FROM IT'S FILES AND CANNOT BE AUTHENTlCAi ED BY PPG INDUSTRIES, INC. ^a A L-Sjo 23995*7 587C