Document QXwn7r5pDq8z3D639QxGwrbK8
Minutes of Regular Meeting of the Board of Directors of National Lead Company held at 111 Broadway, New
York City, on Thursday, September 0, 1928, at 10 o'clock A. M.
Present: Messrs. Beale, Besc'horman, Brodrick, Carpenter,
V
Carter, Cornish, Croft, Field, McCarty, Rockwell, Sidford, Taylor
and Thompson.
Absent: Messrs. Caselton and Dorsey.
Present by invitation: Messrs. McPhail, Merrick and Morsman.
The minutes of the regular meeting held July 26, 1928, were
read enddjly approved.
On separate motions the following resolutions were each
unanimously adopted, the roll being called where the expenditure
of money was involved.
RESOLVED, that the following actions of the Executive Committee be and they hereby are approved.
Appropriating
$2800.00
for purchase and installation of two steel pans for mechanical litharge furnaces at Southern Aorks, Chicago Branch.
do $1350.00 for purchase and installation of new oil press at Atlantic Yorks, Atlantic Branch.
do
Approving ex penditure of
$ 950.00 $1165.50
for purchase and installation of a new cylinder for trap press, Cincinnati branch.
by Chadwick-Boston Lead Company for the purchase of a Chrysler coupe for salesman.
Appropriating $ 936.00, in addition to turn-in value of old car replaced, for purchase of a Chrysler coupe for Buffalo Branch.
Approving ex penditure of $ 889.50 by National Lead Company of Mass.,
in addition to turn-in value of old car replaced, for the purchase of a Buick car, Model 26, for sales man.
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Appropriating
approving expenditure of
$ 820.00 for the purchase of a Nash coupe for salesman. Oxide department, Atlantic Branch.
$8130.00 by H->yt Metal Company for sundry renewals and repairs to'roofs of ite Granite City plant.
Appropriating
$4027.00 for repairs to roof of oxide furnace'building. Southern Works, Chicago Branch,
do $ 700.00 for purchase and installation of two water mill stones at Maurer white lead plant, Atlantic Branch.
do
Approving expenditure of
$ 830.00, in addition .to turn-in value of old car replaced, for purchase of Nash coupe for salesman, Atlantic Branch.
$ 800.00
by National Lead Company of California in addition to turn-in value of old car replaced, for the purchase of a Dodge Victory Six Brougham for salesman.
Appropriating $ 585.00 for repairs to floor, of Building A, Collier Works, St. Louis branch.
RESOLVED, that the affixing of the seal of the Company to the following documents be and it hereby is approved and confirmed.
St. Louis S. & R. Works
Letter of instructions to River Smelting & defining Co., dated July 26, 1928, directing transfer of latter's assets to St. Louis, Smelting & Refining Co., as Nominee of National ^ead Company.
Atlantic Branch
^roof of debt and power of attorney in re Perkins Paint Supply Co., Inc., bankrupt.
Three certified copies of Eoard resolution of July 26, 1928, revising authority for the
signature of checks. Certified copy of Board resolu
tion of July 26, 1928, appointing the First National Bank of Perth
Amboy, N. J., an Atlantic Branch depository.
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payment by National Lead Company to M. C. Holding Corporation of*$107,711.02, pursuant to findings of arbitrators.
Supplemental statement to Secretary of State of Michigan due on increase of authorized capital stock for purpose of computing additional license fee.
Agreement in quadruplicate between
National Lead Company, Titanium Pigment Co., In. and National Pigments and Chemical Co., of the first part, and Monsanto Chemical Works of the second part, for the purchase and supply of the first parties' requirements of
sulphuric acid.
General Research Laboratories
Application in duplicate for 1929 re newal of National Prohibition Act permit for use of alcohol at 105 and 129 York Street, Permit NY-H-21762.
Chicago Branch
Application in duplicate for 1929 re newal of National Prohibition Act permit for use of alcohol at 900 West 18th Street Chicago.
Baltimore Branch
Contract in quintuplicate dated September 11, 1928, for the sale of 7400 lbs. of 50-50 solder to War depart ment (Edgewood Arsenal).
RESOLVED, that the action of the officers of the Company in executing and delivering a certain agreement between it and J. Oliver Johnson, Inc., dated August 3, 1928, for the sale to said J. Oliver Johnson, Inc. for a consideration of $12,000., of the premises at 940 West Huron Street, Chicago, known as the Lausten Lead Works property, recently acquired by this Company from United Lead Company, be and it hereby is and said agreement is in all respects approved, ratified and confirmed; and that the President or any Vice President and the Secretary or Assistant Secretary of the Company be and they hereby are authorized, em powered and directed in the name and behalf of this Company to execute, acknowledge and deliver a deed of said premises in accordance with the provisions of said agreement and to take any and all such further steps as may in their judgment be necessary or expedient to complete performance of said agreement on behalf of this Company.
RESOLVED, that the action of the officers of the Company in executing and delivering a certain agreement between it and M C Holding Corporation ( as assignee of Edward Heberlein) dated August 10, 1928, effecting a final compromise and settlement of all the unfulfilled obligations of this Company under that certain agreement between it and said Edward Heberlein dated April 6, 1925, for the purchase of all the capital stock of Metallurgical and Chemical Corporation, and in paying to said M C Holding Corporation
the sum of $107,711.02 as provided in said agreement dated
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