Document XO11gggQZXKGdYJje02DEZ0oG

SUMMARY OF DOCUMENTS REGARDING THE OWNERSHIP OF CERTAIN REAL PROPERTY IN VERMONT CONTAINING A CHRYSOTILE A8BESTOS MINE PLAINTIFF'S EXHIBIT GF-738 To aid the Court in understanding the acquisition of certain mine property by The Ruberoid Co. ("Ruberoid"), defendant has divided the documents into three sets, corresponding to the three companies concerned: I. Vermont Asbestos Company Group Exhibit A; II. The Ruberoid Co. Group Exhibit B; III. Vermont Production Co., Inc. Group Exhibit c. Because of their length, GAF has not attached copies of the Exhibits to this Motion; GAF will respond promptly to any request of the Court or counsel. I. The Vermont Asbestos Corporation (Group Exhibit A1 The Vermont Asbestos Company was incorporated under the laws of the State of Vermont on March 4, 1910. The business of the Vermont Asbestos Company was the mining of asbestos and the general development of asbestos property. On August 29, 1924, the Vermont Asbestos Company corporate name was changed to Vermont Asbestos Company, Inc., and its busi ness purposes were expanded to include the buying and selling of asbestos of all kinds. On July 6, 1927, new Articles of Association were filed and the corporate name was changed from Vermont Asbestos Company, Inc., to the Vermont Asbestos Corporation. On July 8, 1927, the Board of Directors of the Vermont Asbestos Corporation executed an affidavit as to the value of the capital stock, which among other things described real EXHIBIT SUMMARY OF DOCUMENTS REGARDING THE OWNERSHIP OF CERTAIN REAL PROPERTY IN VERMONT CONTAINING A CHRYSOTILE ASBESTOS MINE To aid the Court in understanding the acquisition of certain mine property by The Ruberoid Co. ("Ruberoid"), defendant has divided the documents into three sets, corresponding to the three companies concerned: I. Vermont Asbestos Company Group Exhibit A; II. The Ruberoid Co. Group Exhibit B; III. Vermont Production Co., Inc. Group Exhibit c. Because of their length, GAF has not attached copies of the Exhibits to this Motion; GAF will respond promptly to any request of the Court or counsel. I. The Vermont Asbestos Corporation (Group Exhibit A) The Vermont Asbestos Company was incorporated under the laws of the State of Vermont on March 4, 1910. The business of the Vermont Asbestos Company was the mining of asbestos and the general development of asbestos property. On August 29, 1924, the Vermont Asbestos Company corporate name was changed to Vermont Asbestos Company, Inc., and its busi ness purposes were expanded to include the buying and selling of asbestos of all kinds. On July 6, 1927, new Articles of Association were filed and the corporate name was changed from Vermont Asbestos Company, Inc., to the Vermont Asbestos Corporation. On July 8, 1927, the Board of Directors of the Vermont Asbestos Corporation executed an affidavit as to the value of the capital stock, which among other things described real property located at Eden, Vermont, consisting of asbestos mines and all the appurtenances thereto. On July 19, 1935, the Vermont Asbestos Corporation executed an agreement to convey certain real estate to Ruberoid. Subsequently, Ruberoid assigned and transferred the agreement to the Vermont Production Company, Inc. On February, 5 1936, the Vermont Asbestos Corporation conveyed the real estate to a new entity, the Vermont Production Company, Inc. In November, 1936, the Vermont Asbestos Corporation was authorized to wind up its affairs and to divide its assets among its shareholders. The decree further provided and authorized the transfer of the right to use the words "Vermont Asbestos" to the Vermont Production Company, Inc. II. The Ruberoid Company (Group Exhibit On November 28, 1933, the minutes of the Executive Committee of Ruberoid reflect the opinion of the company president that "it would be advisable for The Ruberoid Co. to consider acquiring an asbestos mine." On May 22, 1934, the minutes of the Executive Committee of Ruberoid reflect that a Mr. Roger outlined for the Executive Committee the results of his visit to the properties of the Vermont Asbestos Corporation. After discussion, it was decided that the President should continue his investigations with respect to acquiring said property. By November 27, 1934, the Executive Committee of Ruberoid had taken under active consideration the purchase of certain real estate owned by the Vermont Asbestos Corporation. 2 Ill. Vermont Production Co.. Inc. (Group Exhibit C) On October 23, 1935, the Vermont Products Corporation was incorporated under the laws of Vermont. On October 24, 1935, the Vermont Secretary of State advised Mr. Charles Black, an attorney and one of the subscribers of the Vermont Products Corporation, to change the company's name because it was the same name of another Vermont corporation. The name was changed to Vermont Production Co., Inc., on October 28, 1935. On February 1, 1936, a special meeting of the shareholders of Vermont Production Co., Inc., was held wherein the shareholders authorized Vermont Production, Co., Inc., to purchase and acquire the real estate and other assets of the Vermont Asbestos Corporation. On February 5, 1936, a deed of conveyance and quitclaim deeds of certain real estate were executed by Vermont Asbestos Corporation running to Vermont Production Co., Inc. On November 28, 1936, the Vermont Asbestos Corporation assigned and transferred to the Vermont Production Co., Inc., the right to use the words "Vermont Asbestos" in the corporate name of the Vermont Production Co., Inc., (Group Exhibit A). 3 aeticlra c? xsGociirica. "p ^3LC i-5" v -.v 7?9, the subscriber*, hereby aoeoolate ourselves together as a corporation, under the laws of-the Utate of 'Vermont, to t-s known by tha none.of the Veroont Aabaatos Ccrpnny for the pure>-*e of carrying on tha fccainaaa of mining apbeutcs anti developing asbaatoe property ------------------------------------------------------------------------------ - - -- - In th^ oounty of Orleans and State of Vermont, with ^ a cap ital stoctrf fifty thousand dollars, divided into fifty -thousand share a of .one dollar eaeht .This corporation-shall have "power to make and adopt. by-law*/ rules and regulations, for; the proper conduot':.df " ita buainecu and/affairs, and nay, altar and repeal euch.- by-lawa, rules and regulation*.in.-ths gannerfhereln provided;-/i. This corporation: is hereby: authorised, and empowered -// to Iwasa/. purchase, hold; convey--and dispose of real and per-'/' .. scaal property and mortgage 'the-; wane :tn-secure- any, debt,-.; bond or bonds which - this- corporation cay contract," .nabs or^,.' '/; *. . .- * w *t 3Ub ) ARTICI23 OJ ASaOCULTIOI f tilt Y*at capiqr, Inc* b (l f f I ri < i 4 *1 1 A \ A ,1 ) s a \ : A articles of association S' or Txi j ./ (aj Wc. ihc Subaonbcxa. ho-ehr irnBiii ourativo tr*ether *-> i Corporaucx: unia ,kr Lr oi the Ixatt o( Vermcru. to be knowm by ti** name ol 0>) (1) JO carry on th* builnaaa .i mining, quarrying, aanufaatjrlng. producing. buying. sailing. Inpcrtlr?. exporting. traniirort 1 ng. trading V-.i -isaliag with mi It, or other.rli* i.t-T-urla* ml diapesing of ijlea-.oa ani all other mineral ec b :*3cm and ar.7 or all of their protucth cr lerlTatlTea. mi to produo*. quarry, Him, transport, di tr t bnt*, etore, manufacture or otherwise prepare for xarret. tali Babaians*!; ini to to all tai foregoing ia any manner or by any mean* now er hereafter mown or devised. (2) Jo ooartruot, purstaae, ltaa* or otherwise acquire, quip, develop, ova, nal-italn and opsrat*. air**, quarrlae. storage boueea, ware house, atto trou.-.a, traoaaiaalon llnee power plants, plant!, faotorlea, snelteri an.! all r.tior real or personal proparty which nay b* isefnl 1a connection with the busmens of lb# oorporatlon, and to aall, l*o*a or otherwise dlapoa* of the same, ?3) Jo acquire b7 purchaaa, exchange, l*ae* or otherwise, to own, -o**. aevelop, to -.11, l*aa* or ot);*r*la# dlapoa* of any lanla, Intarast la any lands or options os any land* within or without th* 3 tat a wblob say ba oweful la-.'onj:*otioa with th* .bnolnir* of th* oorporatlon, or jontainirg or supposed to ooutalo aabaatoc or other mineral i-obatanoaa. - (4) Jo grew, produoe, aaaafsoture, oonatruot, parch***, 1****. or otherwise aoqulre, aall, mortgage, .pladg# or otherwise aiapoi* of. buy nl aall or otherwise d*l la an/ and all auppllaa, materials, mar* cnandlia, equipment, machinery, afpllanoaa and other personal-property. ..(i) Jo aoquira, hold., aaa, sail, exchange and. otherwise dlapoa* of patasta, pataut right*, lloan***, privileges, Inventions, laproramanta, trajiararto and trad* names, labels or designs. t) Jo aoquirs by grant, paruhaat or otherwise. and to naa and *c<o/ fronohlsao, rights, eoaoaialon* and privilege* from publio aulhorl- tie* waist may be daaaed naceaaary or desirable In th* business of thq. corporxtion.-and- to -MlimrTrHUrwVbb "ffliposd of tVa* aaa*.......................... (7) 7o subscribe for, purobaaa, hold, sail, assign, transfer, mtrtgags, pledge, laasa, aaatanga or otharwts* aoquira or dlapoa* of th* Hoax, inures, bonds, not** and other securities and evidenoei of In* tabledn*;s uf ea7 other oorpcrmtiau. aesoolatlea or trial, whoa* baalnaaa i< anolllar/ or soxlllery to that of this oorporatlon, and to axarwla* *Sll* th* ownar tharaof all th* right*, power*, and privilege* of ownarhdlp, laoludmg th# right to vet* thereon; to oonaolliatt with any ether oorporatlon by th* ourohame or th* awl* ef th* stood of this oorporatlon or of sooh other oorporatlon or b*' *oy other lawful aethol. (') ft lend aesey or erell*. to ani :j *l i lr. an/ lajiner *ny p-raon, firs, * t -..'C1 u'! or c'ry.r^'.ou -.:.y obli I* hold jr 1* ,<.( . . to Be heio 0/ '.h f rp ,r';t Ion r l; lh* *e] f are of Whlrh till* ojrp:r*`.loa hoi* in/ lrt.roet, uii'l l In .11 oct* nd tiiln.;,e Je- eitrn . to (.rete.-t, ireu-rve, luprire or *" vn fe vclje of my aueh io.lor. or li;ter*h, 11 gior*:\te# the puyneat of my glalna agutnat ,T th* nirileitis upon tsa ouplte) et.ct or -<.107#* und tha perforates of an/ ether contract or obi.gallon of an/ sj-c per-on. ftrn, aeeoolatlsn or ocr.orat'.on. (b i In generel 1 j lo and perfors un. an-: .11 o'.'.-er '..*Tful acta and .hinge wi*l oh -u/ s* doereo ne-oe oudr/, torr-i;-1nt, aS'/u.-. tegeoue, or It: 1 J*nti ;o the acconp ilohner* t of on/ of thr corporea - * i..a corporation #:th*r not or in conjunction `.th my pareon, ftra. corporation or dJ/: latlviu. (10) J:. ganeral, but 1= oonr.ee 11 on with th- foregoing, th# corpora. t'ou acall han the right to exerulue oil the f.iirj ocnferreJ ty the l*we of tr.e i'.la of Vernont upon bialmae c c rp..-t; one. it uaing hereby eij-reoul,' prc/llel th-.t tr.o foreroing init.rsti ir. of Jpaclflj poa*ro shall not be iie'o to Holt or rajtntt in m; n.nr.ir . :h /-i.Mrul po .ere. jut ho spool *lo pjtera ub:r* *tetl shall oe -onetr-el e-it r.o r 1 tin. the cor.- ij;tl-iu 1 th in the 3`mla of rnonl -tny b.iei-iee* Beyond th# u.ihorlt/ of corporation c rgm; aaa unaer me buii.teee ;* -f cr:i on lowe of #: l Hate, so a p ec : f l c 11 * _ #nuaral#d Joall `e const -i*l -.3 ro o t r: ; t' ;ig 1:, any way *diy o' r-" r *1 langiage, pbrao# m the ocnjunotir# or in lh* ;l a) icotire uha** icjluOe Beta the con J one 11 re xr.d the o. c a o; : 11 re . V ,y it-i E. * L* L. c.. -T--' f vj ( I F i h*.. 3 t-j *;v-' .1 \i 'j 1 4 ,,-s 'fi JUTTICLS3 or AUCCIATJOS of the Terssont Asbestos Corporation Tt the 3ub*srlbars hereby associate ourselves together aa a Corporation undor lba Lavs of tba 3tats of Vateoat. to bu known by Iba rasa of Vermont Asbestos Corporation ' (1} To oarry aa tba bualnaao of ainlng, quarrying, onnufaoturlng, produoing, buying, selling, importing,' exporting, transporting, trading and daallng witb and in, or otherwise aoquiring and .disposing ef aabaatea and all otbor olnoral sub stances and any or all of tbair produo to or darlvnitvna, .-<nd to produoo, quarry, nine, transport, dlotrlbuta, store, nanul'aoture or otherwise prapara for aarket, said substances) nnd to da all tba foregoing In any Banner or by any neons now or hereafter known or devised.. (2) To oonstroot, purohaae, leaas or otharviaa aoqulre, equip, deTelap, own, rain tain and operate, nines, quarries, . s torago bouses, earohouaee, autp>truoka, tran-miaslon lines, power plants, plants, faotorles,'issuers and all other-real, er personal property ehiub nay be-useful In oonnaotlon with Lho business of tbs corporation, and to sell, loawa or otherwise dlsppea of the eaae, . v . : - , (3) To aoquire by<"pureha:is,' exchange, Isaee or otherwlee, to own, u'oa, develop, to sell, lease or otherwise dispose of any lands, interest in any londw er options on nny lanis within os without-tne dtats wnloh way be useful In connoetlon with the business of the corporation, or containing or supposed to contain asbestos or other nine ml substanooo. tX) ''To 'grow, prbdlioevnannfaotursv oonatruot, .purchase, least, or othorwlss aoqulrs, tall, aortgogs, pledge er ovborwiae ,dispose of, bur and oeil or otborwlos rtoal In any and all suppllea Baterlals, asrohacdisa, equlpaonl . naablnery, appLiancss .and other personal property. (9) To enquire. bold, use,'sell, exchange-end otherwise dispose ef patents, patent rights, llosnsee, privileges, in* aatloaa, laprevsasnta, treiaaerk* and. trade naasa, labels er designs. (9) To acquire by grant, purchase or otherwise, and to use and enjoy franchises, rights, concessions and privileges from public authorities idjleh nay be daeaed nscsssary or daslrabls In tbs business of tbs oorpurullon, and to cell or ethsrwlee dis pose of the aaoa. (7) To subscribe for, purchase, bold, sell, assign, trans fer, aortgo)*a, pledge, lease, axabaoga or etherelse acquire dispose of tbs atoek, snares,' bonds, notes and other eoeurlUaa and erldenoue ef Indebtedness of any other oi<rpomtlon, aessjjls or trust, wiioee buetnses is ancillary or auxiliary to that oorporatlon, and to sxeroiee while tbs owner thereof all the* rldbte, posers, and privileges of ownership, including the right to vote thereon) to consolidate with any other corporation by the purchase or the sals of the atoek of this corporation ar of 31 *1? Le ) suoh other oorporatlon ur 6/ any other lawful neti.od. ffl) To land aonoy or orortlt to and to uld In any mnner any parson, firs, oaeocl-llan or corporation of shleh any obligation la haid or la proposed to be bald by this corporation or In tha wulfurs of '.mien tlili corporation hits any lntjraet, and to do all lawful acts and things dealgnad to pro taut, praaurra, lmprowo or enhnnoe the Talus of uny such obligation or lntaiaJt, and to guarontuo the payment of uny claims against or tha dlTldanda upon the capital otocli or ar.arso and tha parfo: lng of any oinar oontraot or obligation of any such paraon, flrr eaeooiation or corporation, . (9) In goneral to do and parlors any and all other lawful aota' and things which say ba doesud nuceaeary, eonTunient, adTanT*-;aoua, or Incidental to tna uooonpllahacnt of any of the purpoaos of the corporation altflor alona or in conjunction with any person, firs, corporation or aiooalatlon. (10) In general, but ,'n oonnaotion with tlio foregoing, th corporation altall have tha right to axorolse all tha powora eon farrad by tha lawa of tha State of Vermont upor. business oorporatlana, it being hereby expressly proTldod that the foregolr emnsratlon of spociflo powers shall not be held ta Unit or restrict In any Banner uon general powers. But no speolflo powers aboTs stated shall bs construed so authorizing the eon* looting within the State of Vorsont any buslnooo beyond tha authority of a corporation orgunizod undur' Uie buelnaao corpora tloo lawa of said State,1 Jo specifLo^tlons enumerated shall be oonstrued as restricting .In any way:uny generallanguage. any phrase In thw oonJunotlTO or in the dlaJunotlTe ahull Include bath tbs oonjunotlro and tha dliJunstlTe. * The prlholpal offloe ahull be located at Sarllngtun. in the'County of Chittenden, In the State of Vorsont, wltb a , capital etoot.of 11,900 shores oonslatlng of 900 Staraa of Prior CusulatlTe B.< Preferred stock and 0000 euaros of Cuna- latlro df Praferrod at 9100 par Talus each and 10,000 tharas of Xo Par Conn 3tock. Dated at Burlington, In tha County of Chlttanden. this 0th day of July x. S. 1927. 3:33CHXB'S POST 07V103 ASDIC33 Hut L. Powell Burlington, 7t. Georgs t, Marks K. Lloyd Qllletta wmmmfT I `i ; 'i - * < c^mriCArs c? iCULrzirjn ct Tfc.AJvrxciftD or aiiocixticv o? nn . VSnaOJTT A.JD33T03 CCnPCSATIO* This Is to certify that tbs Artloles of Association of tho Veracnt Asbestos Corporation art oaandod as to tho Capital 3toek so as to road as follows: Tbs Capital Stook oonsists of 16.300 shares as followsi 300 tnwtt of Prior Prsfarono# eight par cant a:mulntlve stock par value 3100 and 6000 shares of preferred wight par cent suBulatlve stock at 3100 par value and 10.000 shards of no par t cosoa stook, lbs Prior Frsferoncs eight per cent ousulatlve stook is oollabls as a whole at par value and aocueulated divi dends an any dividend date on sixty duys notice, (dividend dates February 13Jh, ltay 13th, August 13th and Foveaher 18th) This stook is preferred ax t6 dividends and on liquidation at par value and aoououlated dividends ever all other olassss of ' ' atook-. 'V ' '*> : Dividends aaaiaulats at .the rats of 8< per annua oil; par Ta\ue 'ron ruiy,atb,-vlWa-...Tiai stook. hne full and pqual .Wt- lng rim is el th the ether olaseee of stock. The Preferred 8.1 ousulatlve stack le callable ae a whole at 1103 par share and aeousulated dividends on 0217 dividend date on 60 days notlos (dividend dates. Fsb. 13, Kay 13th, Attg. 13th and Hot, 13th) provided all the Prior Preforendo stook hoe boon redesnod. after ail arrears of dividends hare bean paid on the Prior Preference Stook, this stock le preferred as Vo dlvldands ever - all other olaseee of stock. Dividends accumulate at the Tate of Si par imie an par value frea July 6th, 1823, Cn Liquida tion after tho Prior Preference Stook has been redeaasd this stock is entitled to Par Value and acouanlatod dividends aver, all othor olaoses of stock. This stook hah full and equal riwhte with the other cLaesss of stook. The no Par Value Can. 3 :r > `n'CTgU'fU ' N- son Stnok haa full Totlr.,. rights sith tho other claoeae of atook. Tha *bava amendment la In accordance sith the rote of all tho Inoorporotors at tha Beating for arrtaniiatlon and la aiioply a ooro detailed drosriptlon of tha terns of praferanee i aa to dlrldanda, liquidation; Trotin;: righto ate. fa tha underjignod ?rajldnnl and Clerk reopeotlToly of tho Varment Aiboatos Corporation horehy cartlfy that tha abova amendment la in acconiance ei th tha orli?lnal plan of tha Cor poration and la elaply a Bora datailad doaorlptlon of tha Capital Stook. Dated at Burlington. Vermont this Slot day of Augvat 1927. Timothy 1. Byrnea President a , ** ? ** i Oaorgo Varka , r- I . x . ; * 1 A Clark * -7 '2` 3 AFT IE-WIT AS T3 VAVJZ OF CAPITAL STCC~ *e, the undersigned, being a majority of the Directors of the Vermont Asbestos Corporation, hereby certify that (a) The amount of atoch proposed to be issued, by the Tenner.t Asbestos Corrcration la 16,500 shares con- sisting of -- ' 500 shares of Prior Cumulative 3% Preference Stock and = 000 shares-.of "Cunuls-t.ive 3% Preferred Stock at .vlCC.OO par* value e.a_ c. h, ard.LOr^A, ...000 shares cf No Far Common Stock. To) The property or consideration vhich is to be received for 3k. . . ,, -V-- - *. ; such stock isu&s follo_ >w s: "Tor the SCO' shares' of- Prior Cuxaulat ive 33 Treference *s c * Stock, cash.- Vlth each, share of Prior Preference Stock,- the subscribers to--the Common Stock sill rive ten shares cf their Cocroa-.Stlrck. ' -C ?or tne 60-00 shares of Cumulative 8p- Preferred Stock, real estate locr.ted^at Eden, in the County of Lamoille, State of Vermont, -consisting of asbestos mines and all appurtenances, which property is more particularly described beloo, also all of the n: rsonai property cf ! every description no., or. the precises and referred to -Ta/z-o t tv. ani that the 10,00'; snares of No 1 zr ConTz^tSfT'n. share, cr.e aaox'.'. tc be pail therefor. ; 3 y .yv-o A description of all the property which is transferred in exchange c * r\ , ; ? ae follows: eol Estate. ' All ana tne same real estate, wiir. buildings thereon. * c l e 5 . `Vv, ) : T -1- :^.'*h2....- - -- V. ruv. which came into the possession and ownership of The Pirst Xatiooal Bar.-: of Bcstor., a banking corporation under the _awe of Congress, with, principal place of business in Boston, Count 7 of Suffolk, and Con-en seal th of Massachusetts, by decree cf foreclosure of the Court cf Chancery. in and for the County of Chittenden, State cf Temuri; said decree being dated at Burlington, it the County of Cr. it^er.itr., the twenty-first day of December 1925, slgr.edj'fc;; Julius A. willcox as Chancellor, and record:! .in Tcluefe 22, .-ages 511-524, of the Town Records in the Tour. cTVEden, being ell the real estate and appurtenances belonging to and eppurter.ent to the .* asbestos nines so-02lied, of Eden Vermont. Also property covered by tax title-from P. Z. Smith, Collector, to A. La-rance lowali an-i- assigned by said Lowell to Paderal rational 3ank of Boston, recorded lr. Vclune 2C, rages 52C-533, and ir. Vol-jce 21, Pages 540-543, res_ectively. ersonal Fro~crty. ' The personal property exchanged for stock consists of all the machinery, merchandise, fixtures, patent rights, easements, etc., now on pr-eparty known as the asbestos nines ir. Zde.r, Tamrct, and more particularly described ir. a 3111 cf Salu from the Beer. Asbestos Company to A`_;uoiun F. Lenny dated lecer.ber 9, 1924. end all personal property eoquired by Augustus F. Lorir.g by sheriff's sale on an attachment for the benefit of Hoyden Z. Reed. -.e undors igr.-'d, bo j r.g a majority cf the Directors cf the reoto: Cor; cr&tic: . hereby certify and nolo affidavit that tr. -ro p'-rty above described, for hlch a took is Cf % Ei - fgt- . L_ m: (; te v; v-,- issued, is actually worth in raoney th par valu of such stock, except ir. the case of the Tlo Par Value Stock, and that such. shares ar issued ir. scod faith In axchaage for tho aforesaid real estate and. property rights, and personal property. 'V'L. / '/a-.ttL - Surfelk, so. Cas&tCiTXEJ-lTd 0? ilASSACEL'SETTS July 2, 1S2? Subscribed ar.d sworn to by ' , .f ' ~u? -: - --i t <-1 t. - " / J.-C ' /. \ ' Beforo ce, c(. c > >? C - - ^ .; Notary Public fr. t r ? * jiiuiwwiiyr' l 4 flJ iS n. Favson'-C. i.'yrlek, cretary of .State, ntpeller, Vermont. * Uy dear kr. Myrick: - .*-f I have received your letter of the 23rd Inst., together with affidavit of.-proposed Issue of capital stock cf the Vermont -Asbestos Corporation, sad I have earefully eons idcrecf your letter and the proposals made ir. the affidavit.-.auf'this director* of this conpany. -- - . vr I believe that the proposals therein set forth are lawful, and do not .'CrffJLehd. -the -haws of this State in * - , a- the Issuanoe of stock'. X. ion therefore returning the affidavit of proposed issue of^capital stock cf this company to you and advising you that in ay Judgment the sane should he allowed `by you and filed. Hespectfully yours, jrc:C (signed) J. Ward carver ATTUKM.Y GllNhKAL rv . P. r.. utsmxsn o? A.t;:cm or A3no curio* 1 of tha rraoxr a3B 3.1703 oc!i?o:uTiojr % rs, T'G tCTD>niIOTIiI>, being a aujorlty of the Dlreators of Vermont Aab istoo' Corporation A a Corporation organised and existing under the lee of the Stats of Vermont, and haring Iti prlnolpal plaoe of business > % at Burlington In tna Count/ of Chittenden* In aald 3tate* hereby ewrtlfy that at a Mating of tho stoeiholdero of aald corpora tion, duly oallod for that purpose, and held at Burlington* In * the Count/ of Chittenden, In aald 3tata( on tha aaeosd da/ of February* 1923* It taa to tad by tha holders of teo-thirda of ^ 't *; tha outstanding stock of aald corporation to-aaand Its artloles of association as par tha,following axtrant of1 pxa alnnVaa of 1 told: Matingi. . ,<t *- ; . '* -i v -vv . , '1 V* ' ' tV * . - * t *Tho roaolutlon of-tha dirso tors In regard to lnsreasing the authorised aaounf of' Various olaasae of stock`sf this eor- . poretlon.'endthalisuaof certain amounts . thereof,'passed at .! their noottng hold January U, 1928. m proton tod to tha aeet-' lng iaiid* o'bnaldorod,' asd'tharaupon/ In ~roepoct -to- aooh. TOta> baralnaftar aat forth* It ana by tha unanlsoua Tots of tha holders of Bora than tao-thirds of tha total aharas of each olaaa of stock laauod and outatandlng and antltlod to Tata* 1. TCT31I lhat tha Artlclaa of Aoaoolatlon of this corporation ba and horoby aro amended so aa to proTide that tha authorised oaeunt of tha 3< Frier "reference Stock shall ba lnoraaaad to 3000 eharos of a par Tains of 1100.00 cash (total par Talus of 9300*000.00) fraa 300 snares of a par Talus of 9100.00 each (total par Talus 930.000.00)* the ad ditional stool harsby authorised te ba of tha auu olaaa and to hare tha aaaa rights* and to ba subject In all reapaola to tha anna torna and conditions aa the existing Prior Preferenoe Jtoek except as to tha data from ahloh dlTldanda payabl* taaraoa *111 bo euaulatlTs* nlcn will ba froa tha data of issue la each oaas. 8 . If -- - .. -- --V- W\ :: -. . -'., v:: >;~S: at 4 J 2. Turthor VOTZDj That tha Articles of Asaociutlon ba aloo aaandod ao as to provide that tha total authorized aaount of "o ?i\r Value Cocson Stock-shall ba Increased from 10,000 ituirag to 30,000 ahnroe, tha lncrennml stock, tu bara the aoad riiihtz,. and to bM subject In all respects to tha jarvi te.-ce and eondltlsna as tha present 7o ?ar Value Coroon stock. * Dated at Roatun, Mass., in tha County of Suflolk, this alaTa.nth dry of February, A. i). 1923. Tilllan A. Kneeland Robert L. Ryder S. Arthur Tutaln Being a laauel Yau^hon l aajorlty J Caleb Inring. ) of tat Directors. V Boaard 0. Pat taro on ) ) Daniel C. Ifullonsy ) OO^CTTSAtTa C7 ltAaOACHt)3Srr3V v Suffolk.'County^-^aOf' V , c , '1' AV 3c a ton In-said. County, this ltth day of February, 1723, .' :i : . -..personally,appeared the above noned afllllua A. Fneelruia', Robert. "L* J^ydar;-' !..' Arthur, fu.taln,_'lanual 'Vaughan, Caleb' lorlng. ' 1- ._ * i' : '"'Iv' _ I ' v. 41 Hoaard 2~. Patterson, 'iind Denial *Ci"ifuilonoyi DDilrraacotora'of thi oorporatlon above reused, and aadu oath to tbs truth of thn fora* going certificate, by thou aubacrlbud. Albert Broan (leal) Votary Public u ij ijjwy ijjmw J-F--------,-r--~-"---_---- -- =r' i-. C-:t,''-'/i^;'_____ -- r)r*) f w , w - rry w fn W ? n ^ "^ t'-> f l |IT * l* y j l',, 'T T . f I i *_ ^: - Hcrrsijs Vs?>w-o?rr^9 Va^j - ** V fi*wT *__ c* k*- -A-* ~ -c -si -r.**. --r _ v~- ns u o C* t k*...4C*f*'T ` .. B .-'C * * .* ~' B.V;R L.^.OT()^, YT, August 8th, 1927 Rawaon C. Xyrick, Secretary .of State, Hontpelier, 7t _= _ \_ >ear Ramson: "- ' - T an returning- tqjyou the certified copies of Affidarit as to"Val4e of Capital Stock and on the first page mill "you correct the figure $100,900 and sake it.$119>50Q. This refers to personal property. I telephoned about this and meant to have stated .the total anount van $119,500. Please correct the original also and return these copies and oblige. - Very truly yours, crffa/ Y k. r V A* r. t l l \ l r 7 \v } .- ' j--;-r.rr=L-Z-rz^YzZ --e--rnmum<in.V -- -- -- -c-'--ftj-ni" ~^rnifSi~m ' 9, 1927. ilax 1. 7crsf>117 i:sq. , X- UCiZl $ * C i i In _ro-por.3- to trour-* of .".u^ust ti rrc i.-vc ccri'scted * cf Tro-roced ^s=^c of :.focl of Tcrvnrrt: /.s^stcs ~ or ~J-filler's: V- els fispes-100*000 on tin firr* ?** of tnb ux;cr.t to 3.15,500. TLc certlflsc*. cor-.fG.T ut-loh 70U retuonoef nave also bean, cncngod, and are ra-turr*d to you ,aresits*. --v. Socrebarf of "tate. riw TT 9 YL T r-p-rwrrrrT If V. V CERTTTICATT nr AlOTTTVETTr CT THZ ARTICLES C? ASSCflATICS 07 7KZ TERT'CRT ASBESTOS CORPORA? ICTT Th.it 1* t o certify that the Article! of Association of the Vernont Asbeatoe Corporatim irt amended as to the Capital Stock bo ae to read as follower The Capital Stock coneiste of 1ft,SCO sh&rea ae follows: 500 share* of Prior Preference eight per cent cumulaiixe stock par xalue $100 ana 6000 sharea of preferred eight per cent cumulatlxs stock at $100 par xalue and 10,COO shares of no pair common stock. The Prior Preference eight per cent-cuaulatixe stock is eallable as a whole at par xalue and accumulated dixidenda or. an7 dixidend date on airty days notice, (dixidend dates February 12th, Kay 15th, August 15th and Hoxember 15th) Thia.stock le preferred as to dixidenda and or. liquidation at par xalue and accumulated dixid ends oxer all other clasaee of atock. .- Pixidends accumulate at the rate of B% per annum on par xalue from July 6th, 1927. This stock haa-fuL and equal xoting rights th the other classes of stock. The Preferred S% cuaulatixe stock is oallable as a whole at $105 per share and accumulated dixidenda on any dixidend date on 60 days notice (dixidend dates. Tab. 15, Kay 15th, Aug. 15th and Vox* 15th) proxlded all the Prior Preference stock has been redeemed. ATier all arrears of dixidenda haxe been paid on the Prior Preference Stock, this etock la preferred ae to dixidenda oxer all ether classes of stock. Plxldende accumulate at the rate of Si per annoi on par xalue from July 6th, 1927. On liquidation after the Prior Preference Stock has been redeemed this etock le entitled to Par Value and accumulated dixidenda oxer all other claeaee of etock. A This etock has full and equal richte with the other clasaee of etock. The no Par Value Common Stock hac full Toting rlchta with the other classes of stock. r The abore amendment is in accordance with the Tote all of^the Incorporatora at the meeting for organization and la Imply a more detailed deaoriptlon of the terma of preferenoe aa to dlTldenda, liquidation, woting rights etc. To the undersigned President and Clerk reapeotirely of the Yarr.ont Asbestos Corporation hereby certify that the abore amendment ia in accordance with the Original plan of the Corporation and la simply a more detailed deaoriptlon of the Capital Stock.. Dated at Burlington. Yerpdnt this Slat da7 of August 1927 JMviq ri*u_/ O ^ President ^ S / //. / /S//'/.tV'''' . c"/<T Clark ^ 5 U fa: f: h k f<t A. r \ - ,f:* ^ :* m - .*i w . j? asr e ,i. s * w o u* B - * O *J * o e *-- no c n ck*o e * e *uF tCo t-Oeoi --* jO b^U i f: w <s N O Ow-e* -C ,-Q -4 .C O W -- 4 04 * B o e ** too ** e C w r -< *W B a o oa e Ck H o to a o z to O B B O r ce e kO.J--O>*--> q e j a --* 4 a* w to o a e wa .< Je3e o U M o M W * o CO* o ** JZ s .M CD ** i -e 3 m e to a c'ctSf2 o~^jz w 9 M-- M b a 0*e10o 0OJtO 4 4 o O JB eo *o o i!9#* ee .*c# mo ia b b 4 e << a e * O fl x w v- s 4 ** 3 0 6 oo ft* too o w J3 wx r-*to B to B o H 3 I4 -** to o ** * e S wet W w>o 0 o.e ^ o. 0C jO t0o 4CwM Qo*0to We twifc ** H F4 +* em * el3 oo owk*ai w ao ' V-`- .. ;. W i r->* 5i-o BB ^ to* B toO N '1 ** Ew a 3 3 I" 3 ^ la to 3 58 u tos A to 3 i tco 5 to i 4w0 *5 <p\ 5i| ^ v"! L5 - II ,r 3 3 - L5- oww w e a 4 a 4 o I 1 m t ato i sea m E* - S 5V 0 ) o 4* r 6 ito g3 T_ * . We -W4 5 a s.o 1 I a i XLC-'. fr h i c i l 1 'j i 1 .j -4 2 O P < oo < & aM uP p oc < Co o CJ z u: < 2 oS 3 8. 3 3i 3 y Was 8 | JS 5i se B 3 ss a =c 8. 5 2 u a 5K to o r. * o o 7 1u O >a ao bo c o A T3 B t6 /a Q w W o : ja sa *8 x5 2 : oe re c <G w e e Ow * eo n > W O <* Q> o* e COBmw ! v4 o o o r w* a oco e as- nSnOBO? * .OQ i |FS40O B M O K O ^ tao O-O Pr i B O O r. ** o w o * M w r * O e wi O uwO * -- j 1c C too* e c too* r c B w a ^ ^r *** A J>Z toB* WC t9o *3m <W OC toW* B W tCo --. ** - W B C^ k O j*r wc o *> Oto WCfcfW (A to 0 C *-- O B to -- '-5 ajttdavtt or rjcorosro isun or cxmxi. srocx ad til . 7X31CUJ. A32U233. KiZQZXZIQl. Wa, lha aodanifiud. a majwU? of- tha dinetan of Taraant Aobaataa Corporation.. a aorpontios orfiuilaed and exininf mdv tka Iowa of Varment. badlc duly mre, dapoao aod ear:' tint at a maatac af tbo itockboldcn of aaid eorporaOoa. duly callad foe that purpoaa, aad Md at la Um CaaAty af..QSjLttlftdta.................. Is aald Stata, It na K*ad to iaaoo th* folloviof alfoeca at neck, to rlt: . . `- r ' Ti CsanlatiTt Jrlpr Profound# ' . .1150......... aharm'effeoamoofcetoek of the per rajua et I. .10000.................. aaah. * 4*. <. - *** .......... .S. .. .dMIwafi >aeeah-edd>l pao ootai d I ' 1 Vi ~rt. v * od~poadaaiI Huh tao oiloa . 11.500. .V. j ;k w r !**v*l^'* ""! ' fmf' ** " ' *r \ ........'^,a^ y. ^ . * 4 That tha coaeldarodoo to ba raootrod for andt etock la aa folio--: ' :: r-r- "1 . -`7or Clio iuO kiAro* cl.fljt'tuattlattra. Jrlor Jroloronof JtMt'-.r "J; sut.at-par... : . .tiV. ' lar tto IS.500 lara oi Copaoa Stock. harlnt'no par Tainc/ ;C" ' tuk *t tha ratvof ona;float par ahnra. . : k. . -.-a . ,. .;Ksl-:T a* .. . * * . a . M 'rt*- V V'* * "U .. I ' V' V.' - " :, V. . -I*'->'** --, .T. r -m*. ' . .. __ . . : .. y-; t. -T* '* ; a e ' oad i p^-,T- V- . ;; . *Sm CMtneuaM priaud U th* boCUex tb* foQovter PMT^ 1 S i / Thot in our jurirmeni the property ur 'M.xdt-mtiOQ for which p.**r value tock it lo be issued 11 actually worth m tnnney the par valued such <b)rt Thnt in our judgment Die value nI the pn*p*r* r eofij.n'.crntmn tor which sleek witlwut pas valoa ii Ut M iiAwed is such tht the issuance of such non par value stock ia in fond fuLh In eschanfe for such property or ennani*fauna. Dutcrl at.. . 3'JiOE.. UAdA........ in the County of.. .SlLffulfc........................thla........................ A. n; 19X3 . paraonailf appeared tha al**vo named BohjyX .1*. .AStlULT. JUtAla, ` Uosard-S..PAltAraon.. -SasmI.VMsfc,.-.CAfc. XerAns... .*?. *M .W4..?WAX$7.ter-.l9P.v2.............. ..... .v.. *. - . " *>**: r - * '' 't' * Director* i*f the enrporauoo above named, and made oath to the truth of the ferecetnc aAdam by thacn aubeenbed. ' t *r .v n ,:i- j- v 's > . < > *r > l.VKTRtXTKW RKHARDIX; STATK51KNT OK CONSfiD KRAT10.N TO BE RKCriVSD KOB - I .*w 1 ^ V *m>CK . `____ . .. .. j . L la tha eiM of par value stock. the fullowday; (a) The namber of aharea to he iaaoed for cash. (b> Tha number of shares U U? issued fur raal estate and a reference to the volume aod pact of tha town rewords where the dead cr other instrument of tmwytan of each real uu u recorded. (c) The lamber of sham to be Ueoed for permits! property, and the total vaiae rvepeco re ly of each of the duar of personal pmperty. aa daaathcd m See. 4930 printed on bach heroof. X In the care of stock with no par value, the following: (a) `Hie number of share* to be issued for cash asd the imout of oak to be received tharafor. (b) The Dumber of eharea to ti iaeuad for real eataU. the valoe of the real estate, and a reference in the volume and p*fi the town record* where the ifutromant of oetveyanre nf sueh real eatate la recorded. lc) Th* number of share* to b* tasoad for personal properly and the total value reepacuvdy placed on eoca of the cim of personal property by the stockholders, as claaathad in sat 433i). pnntrd on back hereof. \ V ll AJCcnncMT cy a.'.ticlj3 cr a33cciatict 01 the rzuxrrr ASBZZ7ZZ CCHPCRATICTT !S, 2T3 UHDSfiSI'iTSa, being a majority' of the Director* of Tzpaorrr x3.^:;3Dod coRPcmTiorr r a Corporation organized and existing under the Lav* of the dtate of Vermont, and then having it* principal place of bosl- ' neaa at Darlington in the County of Chittenden, in said State, hereby certify that at the annual meeting of the stockholder** of raid Corporation, duly called for. the elootion of directors . and'the amendment of th* Articles of Association as hereinafter set forth and other purpoaes and held at Burlington, in the * - County of Chittenden, in said 8tateV-'oa the tvalfth day of Tehraary, 1929, it was duly voted to.amend the Artlelea of As sociation of said Corporation as perfthe following extraot of . * the minutes of said meeting! ? '*The question of changing the principal office of the Corporation from Burlington to Qyd Park in the County of Lamoille was considered by the Meeting, and thereupon in res pect to each vote hereinafter set forth, it was by the unanimous vote of the holdere of moro than two-thirds of the total shares of each class of stock issued and outstanding and entitled to vote, VCTuDi That the Artlcloe of Association of this Cor poration be and hereby ore amended so na to provide that the principal office ohall be located at Hyde Pnrk in the County of Lamoille in the State of Vermont, instead of at Burlington in the bounty of Chittenden in said State. Dated at 3oston, 1/asoachueetta, in the County of Suffolk, this 13th day of February, 1029. c K. - \ / w u w j n J V A W I f f l T O P M ! W '"'.l7 T( 3T '"r ^ r ^ ,:'"r " v - w r r - * r r - x ,- i ) t Tinothy Z. Byrnee ) Frederick H. Byrnes) Being a Clintun T. Tylee ) ) najorlty ) Alex 7. Chisholm ) of the ) Denial C. ttulloney ) Directors. Caleb Lo ring i '-r>- Susuel Thnghan V ) ccurcirtSALiH cr nxasACHtssTT^r Suffolk Co maty, ta. ~ At Boston in said County, this 18th day of February, 1929, personally appeared the above naaad Tina thy 71. Frederick Z. Byrnes, Clinton 7. Tylae, Alax T. Chishcla, Denial C. Fn Honey, Caleb Loring & 3anuel Vaughan Directors of tha Corporation above named, end cade oath to the truth of tha foregoing certificate, by then eubacrlbed. John A. UcJTajrnra (3aal) Notary Public t )i r v v--T-.* * : - * . .it- -C. l^TD.'ILU.T CT ARTICLES CF ASSOCIATION of the VZIL'S.'rr A-BISTOC CC'A1;01 A.TIQW 5^r' . r a-i "CHS nT)iIRSIvTIZDf bein 11 majority of the- Directors of ct; r TBIill):n A5HEETOS COR.OnAflOU a. Corporation organized and erlstinr under the laws 3F:... c?..* .. t of the State of Teraont,. and then L.t1e Its principal place of business ah Durlihcton in the Co'inty of rhlttanden ,* in - said-Sfetie^"hero'j7 certify that at the annual naetInn of -the-;stm:khollors of said Corporation, - duly called for- the-olcta?i of directors <i3d the -asendrent of. the Jjrtlcles piL'isstifciSllon as-hereinafter set forth - . end o th oif"plirpo*sos.~an^T-*ve3^_ ct Burlington, in the County of Chittenden,.:in--iu.'on. the. -twelfth day of Feb- - ruetry,'ICC?, -It. wiTvduly^woted to amend the Artioles of As so-ia 11on oJCjiaAdrtTS'rpcregion a3 yer ! he followin' er- trect'-.of -the- iainutesJW- said rw et'lnc-: .''The quest!b r. -n .1 -chsii:' r Ah 0 principal office of the Corpo rat loir-'from. Burlington-to iinlo Park in the. County of Laaoille *us~con&idfred -.cti:ai, unr. th *r*uyon in respect to euch 'rate hore-lnafter set forth, it was by the uacaiaous Tote of th;: holrtars of norc than two-thirds of the total shares of -'och clnrs of stock issued. and outstand ing and entitled to rote, T0T7D: That the Artioles of Association o;' this Corporation he a:; *. h.'rcV' ore snended so ts to provide th .t the irindu".1. offic shall he 1 seated :.t Vy he Fork ir t'.t County of Lamoille- in 3t_to of "e -r.cnt, instead of st rurlin ton in thu County nf Chittenden la said 31 ~.: . * Dated at Boston, Il-dsaoiiusotts, In the County of Suffolk, this JL ^ ^ d^y of February, 13c >. t' j J^m f\^nmtnT ^ Directors of the Corporation nbovo nnr.-j.l, r.n'. mndo oath to the truth of the foresolaC certificate, by them sub scribed. ' .ft- jad*-' .iotu:v it'lit N aifr affidavit of rnoposnu issue of capital stocx if til* ...................................................nnaiit.4S2J.roa .c^--qp-czcs...................... ................ We, the ondrroirued. a majority of the director* of .......................................................... .Teneont. Aabaetoe .Corporation................................................ t corporation ore;.::Ued utd ailUn* carter the b> i of Vermont, beiirj duly iworn. dr(ou 4nd u) that it j rneetni),' of the itookhtddon of aaid corpwrotimi, duly ralicd for that purpoM, end heJd . .............Burling0a............. in the Cont> df.. .Chittenden.................. ia .-*< Stole, it wa ,uu> ,1m., i ill id llii^e raloi of h each. borawf an per" onion on rabruary 2, 1918 tin the Direotora nlttit dotaralne the (eras ani la/thner or laatia and dlepoaltlan of t!.e Prior fref.irecoe -red Canaan atuek which froa tlo to '.lao nay he authorized but u.nlhauodt Pursuant to paid reacluclffn, the Director* bore Toted to laaua the follow lag ahnroa of' ^toor previously eutborlzad by the stoekholderei , 100 a hare a of. Prior Preference stock of the per value of *100.CO 10000 aharea- of Cnmoa atoek having no per value,.. That the conalderatloa to be rooelved for such (took lu aa. folloewi Por the. 100Q aharea of Prior Preferenoe a took - oaaft at pa: ' : lor tho 10,000 eharwr of C-iiwitna atock having no per vnluj seab.at the rate of one cent par (bare. a3ec butrueuono pnnud ot tho bottom of the foOowtni par* j.j*- i.yrgj esr.j^sf,s . -n- jt wr**" That in our jatimeftt the prop*rtv or . actually worth in m nry the pur vniui* of such mhhi n*r nluch pur vjujc -lock n to b* * 14 That n **ur jurir^w'nt the vruur f il.* proper** or consider,ilion fc*r h:en sroek without par vdoe ij bi b* I4muJ u such that the o such hPO J**r talur stock u in ;nii tail? in exru.mre for sach fMi-pcrty or cjstmuerution. . . lUUid ,1..........HOt.SOCL..................in ih, Oo>v <............. Sqfffllt :........... tha 6r.......13.29* ccEsnz4iTH u r lasaicnusnrs . Satioa' .ffXXQUZ. .CUI NTY. S3. l.-artr, Ihi*... TT. ___ day .. S;tQli<r. A. D. 18.39., pLTMtiAji}- ppefcn.fi the above numnl pc*9K-<'S%\ $Cl A. 'Lk . **. \/rr&tn .T/W< <-~VrV*TA* *2r.-. . "f^-r^b******/.......................................................................... iJtnxtjori 0i the corporation Above named, and muL* nrith u> the. trifth of the JWreomr t/Merit hr them subacT.lwd. . 1 . T '1 ' \' 1- ' ][t'<, \` , t ' V **' ' `' ''; 1 1 a.>/s*v/ '* ` XQfcwx'Sutollo. !*;.;.................. (lb-rc write oflwuvj title m Notary PuhlJe, -.1 Jtuticp.of rae*. etc.). INSTRUCTIONS * BKGAKU1JST1.'STATEMENT OK CO.NSfnF.HATJUN .TO QK RECEIVED fOK ftTOC* 1. In tUv iter of pacfcidctt stuck, the foIUiwiO*: - *- (el Xhe 4ujftibac.a^4*u.<f> UiUcd . .............. .. . lit) Thi* number of iJtnr^ to tK* turned for rrei eru end a refennor lu the mlume nod p*k*e of the town records where the deni cr other instrument of (soovryaoee 0/ each rwws ttta is mwrded. (c) Ths somber of thane to be issued for prmnnn] property, sort th* tntel veto* ruwtrie ly of each < the dosses of persuaai property, uj duMufted ut Sec. |'J3U printed 00 b^k hervof. 2. la the ra*> of stock with no per vulue. the foQuwmr: (el The number of shares to be usoed for r**h and the amoont of cash to be rrcaieed Uerv for. (I ) Th" oumber of djerr^ (a i i.wuivd for fr;il the value of thr rmi otau. ajod s rri^rmcr to th volume and pace of the town r^ned* where the ins'.runi*nt of ewinywirr of .ucn ri-iJ is n^wnlrd. tel The (lumber of *Ha<a<. t-i U- isMid for pervavd property find the Intat vdoe rwrpeetivUy placed on eucn of tt.e eLoart "f pcr.vinal pmfrrt> he Uir lua-ki.fWiUm. u clseeihed hi 3*<. IV'VK pni.l. il on hare hereof. . ' >vsvjg'/er^am'^ i- - - "- - 1--------------- ^--21____ " ?"' " '________________ affidavit of proposed issrt of caittal stock f the T^iUic:r: asesstt:^ couporatiom Director* \\\. the umi'rammnl. 4 itiAjgnty of the ..............................................T J.iwoav . Corporation.,. .?..W;K\r.91.o.o. o.r^tijlnad a;;t eitstl.'S unaor .tneulaee of V^rsont, ,,*, 'Ttbat'WfV'B-iotijix -if ti:o stcof j-.-H U'.3^ H.I.- jwgrn, rigpoae atld Jfr'ljJWe* W n mmtimr M an. nn WTWnvr sc mt to: dill e-illed fui- thht n'H-poic., and' hold at "!u?lir./t-ja, lu < :r.tv ' ' Ci.lt Cend'ir. , In 35Id' .lint9, . U ww vuli ti I------------- ----- *. . gnwl'U'L^ liimnnWOaceWfl IlieyjeF *IIW .*.'. lh---- mi- iwi ii < |'wr on Tebruary 1,1528 that tiia Dlreetora al^ht dctr.'tie th.u t a mu and oanaor of taiuo ar.4 dlapoaltlgn of /Vaa frlor Preference end Carjoa atonic ediuia Iron tire to/plan say bo aulnorttud i>ut unluouv.. IMr- tweV to ald resolution,'tba.Dtrootora *bAVO Totod to is.tuo the fsl- Icsl&g enr* ofatoox yrenrtouelyauthorised ty ' tde-c-tonianliera: ' I 1 >' .V; '450 aoarea of Prior iSrofirs'eno* .at'oct of tnucoar Teiue of ? 100.00 tae:^ ' dt 01. ataxoa of Cosaoni a'toclc lUTloy; do .par value. That tua consideration to' ba reeelvod . for. sush t-torck Vo a< folloej; Top jeraonai aorrIdea rnd.\r<id tui# corporation over a periou :'y of.ai y#ra .eniina; Kdveai.r 19,. 1909. . Serrioea for enloV-tr.* Prior rrnferonoe 3tect la tamed era t valued at^85,000. eaib. - `SefVTeaf 1&'f "e'lil'tti'tBB *CoB3UB"a*ear -laauad axe'.ruluaA oat. . _ , }8S. aaan. 'Soc iuecrocuoai printed at the bottom a the foAowioi page. --:-----------:_______il: ............... ... *: _ 1--___________ * l Due in our judgment the prup^rtv nr runsidcrsiiou for wmch pr value stuck is to be issued ii actually north tn iv.uncy the par vain* m nu u stork. Thai in our juJifirwnt the viOuc 'f th* p -* ur cnnsiilrration for wh;ct. stuck without par valoe l.t m ue issued is such that the usuuncv of suen .ion par vniue slurb u in f.uth m i xenon*** If* tu< .1 ,,ir&>*rtj* nr coostocrauou. nt.d h( ......9o.atpn................in th Cuuotj-'of ....'SufSoUc.............. thi. ........z*.a....dv f ...JToT.tr......w.Zft. *1 ' ' `i '* 1 - 'j - / * >--- . ('1Ln.o/.Lr..A Mujoniy CO. of the 7_____ ;cl^qEl^A- Dlrootors it,A.sn:sr:a .statj ow-www. l .COUNTY. SS. . _ ...-.'. .county. -- Al . .J^rrH-CrH^....................... in *i^ this.. A-C... ^ . .iUy t$br<4t*rf'i. A. D. lo?.. pcmpAnJiv .ppcmtrd tHn above named 1^3. <4AK^OT*wro/ the curporotMA above earaed arwi bwW jaath to tfw trtuh of I he fnpefianp a/Mant by . them subscribed. *1 '-i "Vm*S .-./a. .* </ f.''w.drtTt. <; - (Here wrae wo:ul title as Notary JPuHk. Jysf'.cr nf lYncc. sio.1.. . iNfmircTio.sfet Hv.CAumNr. statement ok coNHinr.RATTON to ol received wr . .' * ' ' yroac .*r . ' l. In In* esse if par vxlue stock. Ue fuUowmi: I. . . . . .` ia I The number-of. shareetn be moori for reeh. (bl 7Tse uumter df share* to be iaauvd fur real estate end u re/vrwtar to the volume sad *- --- rrf tho-www reaeode-wbet* Um deed *r. <Uua naUHJOen4^<^mveyaogO bf.ioeh real w . Ute is recorded. (e) The ii imljor at iharm to be Ueued tnr personal propertf. end the lute! value rc^petti re ly of each of the cfauee* of per>oal property, deeeined in Sec 4'J9U prtBted on beak hereit. X In the rtM of stock with m par raluu. the foUo^inf: (s) The number of abort* tn be inured fur caah aid the amount of eaah to be received there- (h> Tbs number of share* to he itaued for real rotate. ^ie value of the real retain, aod a r< f%r*fx* wi uv* *ume *fid puire of the town-ruenrdo where the humjmml of oenveya/iee nf such n-l rstaU It remraed w\) Tin- number of sonreo to be issued fur psrmnal proT/erty and (lie tidal valu** rmpectndr placed on <*ui uf the dnaa^ uf perrons! property by the incvpnrutam, * riewuOed tn Aea 40S*. prinint nn hack hrx*f. T' 'ww.e mi.mw^immweu.om " t-sr-; t--" ' ?ei.'pr . .. u: : ' J ' i ( < \ ry.-'-'ai.* STATE OF VERMONT J WARD CARVER, litgnit ,... MCnrnutu December 20, 1323 Hon. Hawaor. O'. 'dyrTck Secretary of States"cnt tael ier, "emont_ ~ have your ~1 " cf tie 2th inst. lncloains corr3ccr.3er.:e rith,-f.a^uei-7a urban, fsc., S2 Z-evonahire Street, Boater., V.asaachuaetta-relative to an af f idcit of orr-posed Issue cf '-re-pipal -stock ol` the Verv.cnt Asceetoa Corcorntion r.nd a 1* c`--inolceihp the affidavit itself. I note that yc-T^are sudri:tin2 this affidavit to re for rry opinion arxrdro whether it is proper far you to file the sTe , and -rhe'. "quearion la. aa indicated lr. your letter cf vovenber^S'tb- to ~hr> Vaughan, ~he then the. stockholders a ha 11 jdri^=.:tue__ya iue of the consideration for which the stock ls3's^ied. In the affldarf-t it. seeds that the consideration is fixed 07 the dlrethtora'-g. out that by a r~solution and vote of the 3tockiold'era this right -aa delegated to that board, and--the qowtion la whether after the rlrht had been ao delegated .-.it vr.j prooer for the directors to act ucon It. _--2 ' I an inclineer-to "thlxdc ' that the affidavit aa nsce up should ce flied, by you. ai It contains fully the author ization riven to tfce_ directora by the stockholders in the rvtter, and further; the- potion of the Board cf Directors in re^a^tstr-thereto'I I return the paper: which you have submitted to ne. neapectfully you ^a , J" C: C -------- r . >Y t > f *r*n y v I j - ^(rfe) WWM TBmorr tmrrot poarosiTigi. * Temaes rpar*uae mk tta prladktl (fiM it Hrie rut, ituu Oaesty, Ttmi (karelaaftar eallat "Termer! ), u4 TP RffSrtQH 00.. a In JttMT MiHnUn fttt tti ;1m if tulMM at fOO rtfU Atom, tae Tart aity, (WnluTUr uUW tfeaharel4*). la *tul<mnn af tki mnttM ktmf ia< af I ather n4 tad taluahle eaaal4ermtlea aeek taa4 paid, the raeelpt af *Uak la herety Taraaat u4 keheraid rt^nml u4 Mfm u faliraa i 1. Tara art nanmti that It ku aerials lataraata La ml aatata la Ike ttit* af Tenant, leanted j la the Team af Maa, f seal lie Oeeaty, W*thu Wth aUl talldlace, a^ilinr tad tfilpant, eraer tnaa, / ML**, ilarint Mt Him i>im, tmtet, (IwtnM l Wl|aiit, wiithne, fmltcn tad flrtim, nttUn aat , aertala attar taarltH peraeaal trtpirtr laeated aa aai ! vita anil Lataraata La real aatata. la ante 4 la Ky4a Hrk, LaselUe flamy, aa ttdlac af tt. JitaaPary oU lake Otaaplala Railxeed, aad aa!4 preparty, nUni limitlap the feserallty af the ferafeiap, La aart apart ft tally ikaaa aa aehedola 'A* attaehad u4 aada past hereefj u4 Taraaat farther aaraaaata that It *111 (pee- n44 that the toxaemia aaat ta it af aaak aatlaa shall aat will fifty itaa teal (*40,000) dellere aa4 that It aaa ahtala the fee a hereinafter La ULa yawtr^t *1* deaexlked) mm ta ka takes the aatlea aamaarr ta reef La it tltla la fe staple akaalrta, ntkeet aaawtaeeees, ta the real aatata ahaem aa paktealt aa (*) BalToxaltp of TUiut Ut la Lot 182, (k) Tho IoItUoto froopol 2iht Lot la Lota ill a*4 111, o*4 (o) Tho 0X4 low I*cl**4 Lot, whia4 to part of tfco klTUn Town aobool Ilrkt Lot 1* Ut XtX, o*4 Yonomt furthox o*To*o*to tkt tkon Uto toot o**oto4 kp tU rtoto of Yorooat v*X14 ooto uUortiiif tko yoULlo or qoaol-publlo oothoxltloo to oetnr to It 1* foo ataplo ohooluto, to Uo thxoo Xoto loot Um aaitoa*4. Torsoat roproaoato that it la la poaooaaloa of tho xooX pxspoxtp doalcooto4 to (ehodulo *A*( Uroto ottooUdi oo Itaaa 1, 2, 2, 4 oa4 8, o*4 that Poxool 2 okra oo ill plo* oaaozoO to 9obodalo *1* la aootlfwooo wit* Poroolo 1 o*4 S okan oo uU pLo*. TUt PoX*oL 2 ohooo o* oo!4 plo* 1* ooatlguoo* with Poxwolo 8 o*4 4 ahaso o* o*14 ploa, o*4 that Poxool 8 ikon o* a*14 plo* is MU|MU vitk Poxool 1 ikon oo oold plo*. Torsoat lUrliptoati tut It baa ao latoxoat la oap roal ootato othox tbaa that ihooa la aobodolo '1' hoxoof. Yoxsoat oloo xopxoooato that It uoo* tbo aaao 'Torsoat Oabootoa* la Ito ooxpoxoto tltlo. .I- \ 9 ) -p S. M)Ht M tt ^mliliu if Hnm^U 11 md 11 kmf, hkmU i|mi u U* prop erty IMAM la WtfMi '1* *Wa Tmal toa iHtlM title la m dap1 Adlato, Air Attorleto >r r114 Uli if tki tUM if Tmnt, nttnl aa wlruwii, to tH ml yrayarty A*1 all hHet m (a) ta rarerdty if Tmirt tot la 1H 111, (a) U kinan Oaapal tlfct tot, la un us id us, ui j_ () tto Old. lev f&flato tot, at* A la t a* tto tolTl tor* Tm klMl U(t1 tot ift tot ia. * ,V Timtt i(7ii to Mil all if aa!4 property eaaerito* ia totoAla '!*, ut alto all farttor njtti ttoraia iflnf foauit to tto Uni if till uitrut, far tto atoef tor ttlM tordaaftor MatiMk. S. atonil ipm to pr tn all at nil pripirtr it in aa MMiU H* tomf, tto m af fin tolnl ttwil (*00,000) Allan, la ml ar tr aerto Ulti Alt, pafatla aa fa 11a*a i tot taaknl fifty ttnaal (*10,000) Allan an tto paaalac af title toramUt, ato fifty ttoaaaa* (*0,000) Allan da () aaalto ttoraaftar, ymlUi, Wearer, ttot nil last uatlmi ana af fifty ttoaaato (*0,000) Allan 1* to to to14 to JtatonlA Aria* nit pad *4 aa aaevrlty far *a4 to V <? s- J ) 3 urt mi lUiai ur Mttn n*taMm M ummH kr wr f Un tttrnlw es&l&st aa? tf tt uMti kmli i|n*4 U to pmluK >7 it fM Tomi, toi/n ur ilalai umt4 04*1*0! liknU to mu f ur art u ulU oa rf TuuU. 4. la tto mat af tto juntoaa y atonU il i tto pnparty UMTlto4 la totom *4*, Mtnli atoll j panto 00 all Mb, nplMivu aal ton far ikltoif flat ato I | aotortoa mu tn ltuM a tto pradm if TomI m K tto tar if HiiUf ntli. la imitor ttonof toll to Mb to Taraoat, uditW ky ktonM, ato tto pilM to to pall to Xatorall atoll to tto Mil pnm to Toaial, ato | poymoat atoll to ub la iut vitkla taa (10) tori * tto j lata of MapKtloa af tto lmatorr* lm a mtlt #/ Oao ttooaaal (11,000) MUtri< PmiM, tomr, tot tto Mwat it to pall to Satorail fn Mb, laalraa to Ma m4m Udipuicruk ball Ml tntU tto ictrt-- (ato Maa af tUrtr ttoaaaal (130,000) lallara. ] b it tto tlaa of poaolag tltla, all mtl 1Mtf totot mult, Iiwum aal alma payrolla u to to pomlit ao of tot lata aal a4J uU4 oa tto olola* M ; ao ottor Mlliatlou of Tonoat of oar Baton an to to 1 ao--iil to tatoroll. Titoaal, praatptl/ iftn tto pauli| | of titlo, nil par all aarali <u fna It to HklU : flootrlt Ufet Coapaar aad attora, totonll nil aocrtiato a aoo ooatzaot iU ?*kUa Xlootrla Ugkt n--paay. . HI ntla to finatod aotortoo la J to Tiiaaat aal Tmoct atoll ton fno itmi la nalooo at Moa twr all oaah flwlatol aatortoo aa tto tato of paotlac of tltlo, aal tm aootoi 111 st - 4- (n 4 \ /' ) 3 VulMM kwi ta *WI Ui Mt, 4 Iktii tar* tta mm j*mi**" it tta nnteui a* tyt* rut. tami, ttat tta fm rtm** rpa** tatit i* fimi W tall ta talpitK *T tamU u4 tta rlftt t ta fw tart(i tall UidMU n tta 1KU tar fillta tH tta of tltl* tmtair. r. 9r*> tta Htalf of tltl* t*MMt tail! < I tttrlt ata p*rait MmU Vo wit* car iwtnil* ata | Mtatuiti (u tta ul f atatui flta* ttat Tama a* aar tar*, ata fataitU, If It AmItoo, my, *lt& Tmta't | mint, mini ataltlcoal MpanUii, tata MU TiimU'i UMrni la salt Mitruli or OMltarti |tt* 1 rltst It ifmi to filfill all tonoot's hllfstlta* tttrr a. t mnmti ttat altar tta tltl* Otar rn* QfT'OMMt It a 11 taro Mtiuatlallr 1 flta umU ta ttat it *111 ta taoMlro* a* ataUf MtUi, Mi To mat atall tata oar* of all pr**st a fatal tallgatl* to Its o* statataltora ata attars. ta of li*adt*na. * Tltl* ta tta ati ta ta asaroyot knwtanr atall ta tataa ty a ouymtlM nttalta to 4* tad ta-- taw tta l**s of tta ttat* of Tnsol, ta ta haul ky tataroli, itiak Mrymtla stall taro tta rLgkt ta sh i Tiiimi Mtaatss* la its wryaata im, sat Taaaast stZl Mist MmU la attaialas aaak aarywata moo fa* aatk aotyarUlM, ata nil,-at laul ttarty (ta) tar* ytlar ta HirtH af mi* tirmfir, iMoata ar laatroaiita ftUfe mr ta Msoaoarr fsa Tta tatarot* for m ty It Itv Tinid UMHh' ie a-- ttouol 11,000) l, nitk la laaladad is tba total p*aea prla* 4 koraia. If Rakereid akall eleet u> to aaanlxa ft* rlfkl u im auk um, it ahall ke milled ta a nfad of im <Wutf4 (11,000) dollaxe, ta ke departed fre fti fatal ptnkui prlaa of flra fandred llnuii ($400,000) iallexa i(rt4 ta ke paid haxvaadar. 10. fltla acxaaaaat akall aat ke kladlac m Rakexeid ualeeas (1) it tka data pat fax olarli of Tmot Ui oktalaad tltla la faa alapla akaalata (dalp aatkaxlaad kj Talld Aata of tka ttate af Taxaoat), vltbeat eneaakraaeea ta tka n4 pxapartr aborn oa e be dale *A* baxaof aa (a) tka ValTaxaltr af Taraomt tat la Let Ilf, (k) tka kalrldaxa Oeepel Rl*kt Ut la UU 111 aad 103, ut (a) tka Old Ira Xarlaad Lot, vbleb la part af tka kalrldaxa fora Oabaal Rlffbt Lot lm U4 IM. aad ft-! (1) All of tba propaxir daaarlkad la t|* la fraa fxoa aar aad all liana ex eaeuakraae aa af ur akaxaatax vkldi oar kara kaeoaa a liaa iftlui sold pxapart7 prior ta tka data of tka pudni af tltla, exaapt land taxaa fox tba rmax la vbleb tka paaelo of tltla mwi *lal laid taxaa ax ta ka eppertlaaed aa bare la aat fork 11. Tnant akall e--aeaae fextb*Ilk la a atari af e--petrol jvxledletlea, am aetlealln vblah all aaaaeaaxr aad proper paxtiaa axe jaimed) ta pxaraxe a )ipett ta daflM aad artakUak tka rlfbti aad latexert of texmaat la aad ta tka real prep rty akara am fekedale d 9mr*j (a) IW BaUmltj of Tira*il Lot La Lot it] (k) 1U kalrtdoro Oorpol JU(fct Lot, La Lott Ul a*4 IU, aa4 (a) tko 014 Irv ratload Lot, ttiik l. p4_rt af tko tolrldoro Tatra So tool Jllrkt Lot lm Ut ltd, tatlidlif tko rail41 ty if aay itatato affootLa* Tazsaat't iataxaat or rlckta tkorala. Tko ]ad*oat la ik Mtlaa or aotloaa tUll to rorlrrW by tko toart aS loot mut la tko rtato of Torssat aal a oortlflod 0077 of jad^oat tkall bo aallo4 to kibiriL4 at >00 Ttftk lit Tori City. If tko flaal Jad|*ont of raok ooart of loot rooort la raok aotloa bo 4al7 tatarod oa or boforo Doooakor 31, 1831 tad tkall 4oolaro tkat Ttraomt boo a good aa4 valid tltlo la foo aiaplo abotlutt, rltkoat --bnn t, to oa!4 rool tttato tkooa an Mkodvlo *1* UtMf, ao (a) tko OalTortlty of Ttraoat Lot La Lot 143, (fe) tko lolTl4ort Ooopol Rtfkt Lot, La Lott ltt aad 143, aad tko Old Sov I&glaad Lot, wklok Lt part af tko kolTldora Torn Mkool Right Lot la Ut 1S3, tad kao tko rl(kt to ooarty tko aaao La aooordaaoo rttk tko torso bortof, or If tuok fLaal Jadcaoat tkall doolaro tkat I 1 tko oaaora of rooord of tko foo tLaplo of taok tkzoo loot BoatLoaod lota ao of tko data karoof kort tko aarootrlotai rltkt, povor aad authority to ooavtjr tko tut, aad tkat rook ooaoro of rooord kovo glToa to Ttraoat valid optlaao to putkui raok tkroo loot aoatloaod lota, aad If rook j flaal Jadfaoat akall fartkor doolaro tkat ^oa Taraoat taorololaf raok optlaaa aad upoa tko iiCTiyun to Torso at  lul wtlMid lata by ikt girlag tjtttti, Ttnut akall k<T( i |M< aad uiktliUi tltla la tM a Lapla akaaluta, without aaauakraaaaa, tad tka rlgkt ta roaroy tli hh la ui*muui iltk tl< tiru htnf, ad if taWnll kali uli u ebjoatlaa udii nMltrliUi 1* of ;tncnl '10' 1m1, tlii tltla akall 1 ilmd limiiu ea ax bafaxa ilxl; (8ai,daya aftax tka amtxy f ml flaal judgaaat f U aourt ef lul ruirt f tu IUt af Tarsoat. Tirml tpi to flaal judgsaat as aforoaaid fmod Va. frakoroid rill Wax iu imhuui crpaaao rr ark ratios Vo tkr axtaat of a ua aot axaaadlag 84,000.00. If tuak flaal Jodgaaat of iim! court of last xaaart tkall art kaTo ba anttrad oa or bafoxa fa a amber 21, 1W tkaa Who raid aad Tarsoat tkall bo amtlxaly rollarad tram any aad all liability ax obllgmtloa kaxauadar, ualaaa satsally agroad otkaralra, azaapt that If la any auok aatlaa aa appeal froa tka Judgmaat of any lovax oourt bat baoa finally ta tka court of laat xoooxt of tko Itato of to Sooaahor 31, 1938, aad ruak court akall Ml kta xniarad lta doolaloa tbaxala by Oaoaabax 31, 1935, It la abroad that tha tlaa fox eloala of tltla kaxauadax akall ba aataadod to a data alxty (40) day aftar tka data of cmtry of task flaal jtirigsant, bat la a avast hoys ad ftaly 1, 1934, at tka kaur aad plaao apaoLflod la paxagnpk 19* karoof, bat If fox any xaaaoa wWtaoavax auak flaal fUgMtt akall mat karo Was cat trod as ox Wfoxa duly 1, 1934, tkaa KuWrold aad !iim1 akall Wtk W dla akargod aad xullavad fxoa asy obllgatloa ox llaklllty ka rounder. -a \ j i l flMl JklfMd of ml oourt of lnt rMorl La ml utls a hall ut iMlin tut Tinut lu [%+i tj aii4 till* la fN slapla sbsolat* vithaut nmiriMii, H said ml irUli akn* oa MU4Ui 'A* Itrnf u (a) )U UalTsralty of Tsruoat Ut la Ut 143, (4) tha ialrldara flacpal light Ut, la Uti 144 1*4 143, aa4 (a) lit Old lav taglsad Ut, vhlak la part of tha lalTldar* leva lakaal light Ut La Ut 144, u4 lu tka right ta a oaray ika taaa La aaaaxdaaaa tka taraa karaof, or IX auak flmal Judgaat a kali art alar a tfaat tka ovaara of raaord of tha Xaa alxplo aX raak tkraa laat aaatLonad lota aa of tka data karaaX kart tka uxrootriotod right, povar aad authority to ooaray tka aaa , aad that suoh osuars of rooord lir# glrta ta r,nwit valid options to purakaao auak tkraa laat aaatlonad lota, aad If auak final judgvsat shall not doalara that vpaa Tsruoat axsroislag auak rptloaa aad upon tka oobtsjsdss to Vsraoat nil tkraa laat aaatlauod lata by tka partloo glr- rptlona, Tsruoat shall Lars a good aad aarkatakla tltla La foa s lapis abaoluta, rltkaut aaoumkrasaaa, aad tka right ta eonrry tka aua la aaaordaaao vlth tka taraa karoof, than Kabo roll aad Tsruoat shall bo catlroly ra il rra 4 Xros say aad all liability aad okllgatloaa kara- uadar, aiarpt tubs raid akali not ha rollrrod frua Lta ag-rasuant karsla soataLaad to hoar tha rsaao&ahla tx- sf auak daalaratary Judgaoat aatlaa ta tka axtaat af a mat axaaadlmg 44,000.00, -- .. -g*!* r \ I 9 ill lsuntnuati to bo oxoontod and dolirorod by Tmott at tbo closing of tltls horouador to Mir--iti this soatraot shall bo good and raffl.oi.rat to rort lm Raborold tltlo, la aooordanoo nth tbo Mtu Uoroof, to tbo rool *nd personal proprrty shorn ok Soho dab ' i* hereof, ui &11 curb lutnuiti (boll bo Oaly tnnM aeharrlodgod rad stosrpod oo 11 to bo aoooptable for pnhUo 1 mort, at Torment's upm*< 13. Tbo property oorored by tUi to bo eonrsyod ik lto present ittU of repair, no tttf ui to ax mod iui< by flit or iota of Ml oxeeyted. ToriMKt Till OAXTT, tO tbo OXtOBt Obtainable, lKTOTAKOO Afalaat flro ok lto tasfldlngo osd egulpnoat for aa anorat of 1180,000.00 aad la tbo rroat of flro bannr damaged tbo balldlngs and. eenlpnant, Ruberold, at tbo tlao of parolag J tltlo, oball baTO oroOltod to It by Ttnoat on tbo parobaoo prise all laoKraaoo aosloo rooolvod and aball baTO to It all ooaloo to bo rooolTod la ooaaootloa ftlt or flro* wbloh bavo not boon appUod la rod proalaoo. 14. TMo oalo oororo all right, tltlo and latoroot of Taraont of, la aad to any land lying in tbo bod | of aay rtroot, road or ayonuo, oponod or proposed, m froat | of or *4 olnlng said proalaoo, to tbo ooatro Uao tbo roof, I aad all right, tltlo and internet of Toraont In aad ta say asard aado or to bo aado la lira tboroof, aad la any arard for doaago to oald proaiooo by roaooa of ohoago of grado of aay rtroot} ute Tomst Till umto aad do11tot to - 10 - > n ilMiif if UUi or tkimftn, ra *11 >> lMlnaaii fit Ui iwiymi if n<k titlo at u4 Mllutiis if ur m* wui ! If *t U tlM if til ptullf if tltl# M7 f Um pulMi u ur port ttemf ikll W or cMU Un beam tfftttH bp u uMiuni it uMiuati *tik ai *r ht >nui Hjibli lm **! iuttllmta, of mik tti flnt iaotallmemt it tkn * iHrp a Um it ku paid, tku hi tH roriMi if ttli Httrwl all Hit lUtlllMtl If ur IMk UMUMlI, ImMI tkilk ih to Hiom tea ut payable after IW HUmr if tk dood, ikall be doomed U k tea sad pirUU ut t* H Homo vpoa Ik* pmliii iffMlit tkinkr ui iktll H ptll am* dleebarfod by Termomt apem tki UUmr of tki 4m1 It. ill ulii or uum of niUtln of 1* or oamiolpal ordli*oo, order* or rmlrtoah aetod lm *7 St*to or kuiilpol Dopartaest, Smu or jmrlodlotlom acalait or tfhiliic ho pmlw Vf pililH of Util, a0*11 Vo tupUH tltk >7 Ttmoi u4 tb* prnlNi iktll 0* oemyad fro* of tk* iuo, or it tk* optima of Tmott, HHroU 0*7 perform hi nn ut funlik tk* material* *oa**r7 to oomply ttk tko m ud tk* tool of ouob work ud a*to rial*, Ht *o*dla< tk* oua of tom tbemoaad (110,000) dolUtl, **7 bo iaOutod >7 taHnld from tko a* of fifty tkuu4 (1*0,000) dollar* to bo paid mk}Ml to tbo oomdltlam* barmlmbefero yrirldad,- by Hionld, iti () *o*4bo after - U- I ! Ui yuiUi af title. Tift ikeU futiil ItkmU J iU ntterlatlM U aaha IU imiUm tUn i ***' IT. THj t|Tim1 iIm ahall Mt be uuiif | n WtrtU ulaee ifpittW tp lta hut if Utmuti. i ] 14. 741a imuat thall Mt ha blhaiag ^pc* i : limit ar IkikinU nlata It ahull kcra hn ippmk 1 at nllrli*4 hr Tirmrat 'i ltiH if Clmtmi mt ' util all pmatliip IMMIU7 ta eaahle Timat ta eell eal4 pnpirt; lira Mai Ul hr 1* >' NfUnt hr *4 Is uaiitiMi iltk tka lava af tha state if Tataart. hraparlr aartlfla4 aoplaa of tha reeolatlaae rt the ho art of Blraatora ao4 StaekhelAara of fimit (hall be rmlU*4 Buber* 14 aa ap**411r m peaalhla ui la up ' rreit thirty (so) 4ara prior ta the uti of ilaitap title. 14. Smbjaat ta tha previalama of puifityka ] 14 ai 11 heraef 1 aad rubjaet to u aarllar ala time par- mat ta ui aior tha prerlalaaa of pannph 11 hereof, title ahall ha alaaa4 u4 all lme truant a 4allTara4 at the Ua4 Rea ora Offlaa af the To** of I4*a, Uaallla Oeeatp, To mat, a* Daeaeher 11, 1444 at 14 loam (Xaatoz* I 1 Sta*4ar4 T1m), ar If *al4 afflea la aet opa* at that | hear , tha* the aaxt hear that It la opa* am that tap, er the aernt 4a? Mt a laal hallhar# ar at a*r ether I place aatmallr ayraa4 tpae, er *pem ml earlier ate m ea/ he aateallr i|nai ape** - 14 - tS. Tmat wyiimli tXil it tk* it tf till uTrrr it Ut taUl ill rttrt It ta iWlptn tt iv Vf v tf imI natal, nnitlM u rttn Mfia. t ttv U>4 Um, u v* tvk lM af Mpartr MaartM is >i H* la u (alKm (a) IMwnltT if TiwiH Ut - I8.N nallr. 4m *mmrr 1st MS |M la tirwMi (S) OaaMl U|k1 Ut - tlT.M ftiUl, 4m JaMiry lot 4 jw la inavtl () U-a*U4 414 Um taUs4 Ut, +tUk la a |Vl ti tti MlrlSrr* Mn >>il KUSt Ut - flT.M nuUr. 4m Juun 1st Mk yas is amaw, nisk ratal alM Him tkat nrlltt of tka lm Ut niak 11M is tka MlTitan Tm MmI Rlfct Ut) (A) TM Kin Ut, iklik la iirt af tka aa aallal BalTlAara Tara taknl MSt Ut ui fast af tka UatUi >mtr traau lakaal Ut, n arsiak tka aaaal ratal la $4.00, fiu Jaaaajry 1st aak r*v is arravrat (a) Sastal 4aa aMsr lsasa UwrtW is lt*a ds af takMaka i - *43. M uaaallr a* Jim ary 1st ta4 t*t is afraaat (f) Sastsl wAn lssaaa AsaarlW is ltaa taa af laUaala *1* - *30.00 anally, 4m July 1st a4 ya*T is strata. n. TVia nil uni MaatltatM m aarUsa aV laaqmkS aaattart as4 If fas av rasas hfemU akall ka mUUM ta rtfaaa ta taka tltla ta any tf tka M* csttM MhM is *aka4ala aML MknU akall wtM ta taSa aa4 tltls, tkaa, at tka HUa af MkaU, tMs nifkit 4aU ka m4 .......... ...... m4 ttU IS - at. ntkivt lm ur ear nlinut ex nlu> lac a>mU tnm tM yrfiwan il ta Wiu ul HttkUM ef till mm1, laeladlaf ehllpatios a pay the MillMtttM Imu ntniMl, Mmti aeetca tUi mtnrt te a iif>witlw te a f wail iter the foyeM of tttla title te the |>utlw at see ole ami te he eeU, ul till ijTiwwt shall he Matte* epos sad esfereeeb1* by the eaeeeoeera sad iwtpi ef Tiiwtl sad the raeee imii sad eseh iitlfu if Kahereld. S. la adddtlea te sll lta ether rlfcti bmoUer Rahereld asy hr s aetlee lm rritlac aslled te Tersest es it prler te tvteher let, 11U, eeaeel tut ifTHMtl rithest oh Ilfsties oa lta pert exempt fee the ehllfstlea heasla eeatslaed te bear the miselli expeeee of the deel oratory Jad^eest setlea , . .herslm aeatlesed te the ntnl of a ra not exeeettac 18 000 00 IX w i mas iXXRXOf, tM a ifTMtni la exeested la tt^Ueate u of the dey sad year fleet sheet erlttea hy 14 i j TIMOR A3KST0I OOKJOUTXOI, kinlMtm mU4 TtMt1 a*4 TXZ KICTtOXO 00., kcrlMOT **11 * I MUtnU1, r tkdi nMMlin TmUMti 11 tin Tthi 4m1i Ikimti Itlr MlkfliN 7 ucu rv^nm | iMTii *f BlMWI AM* MiR OilT MT^nU j imIi aa itiKtu u tkiti i>rtiw sum t UUXUl AA til MM NAT W. XS fTAAMAA *fI rxmowt xnarroo ocxroamov, fl* --, It ~/'+ynrrU<f --*Ta^-rV^7''G-4^. u t TrnT UMtM OtrpnAilM. XT Tim S*a^*^-cd i-- ct.-te.-j-aljUr. ' ) I* fWMMI Of! /'rotldjrut. -4-k 4TTI3T! xs 4a Tfc# .'iuMioU MIll4I7< J an a tkt /^^4ajr of ^U, lm, kftn m liwwlly feT Ol7 miii 414 hhi u4 My tiit b r ttot u la tk macar amutoc (OVOliTleit tto HlymtlM iMllM la o4 tiili am- earl*4 tto finpiif ipiwtti 1 tot to toaaa tto ml *4 a*14 autmltHi ttot U< ml afflxto to Ml4 miiul la rat aii>mt< ml; ttot It mi tf(lu4 by Hn of tto laiH of eimtora at ml4 aorprstla ia< ttot to il|u4 an aim ttorato by llto *Har. vS-^V-y a?ATt or in tou 1 _____ ) *a J cobbtt or in 10a } 0a tto 4*f 0/ July, 1UB> before m per- silly aim BZXm? IXIII, to aa too am, v*a, bela* by m 4sly rrarm, 414 4poaa tad a*y ttot to roal4aa la tto tormfb at toatottaa, City, Oouaty aa4 atati of Bov Tart) ttot to la tto Traalkaat if 7BX waxROlfl 00., tto or>*ratio* 4aaarlto4 la aa4 itlat ax*ait*4 tbo forarala* i|Tisst; ttot to burn tto aoal of a*14 oorporitlea; ttot tto aoal affix** to s*14 ifTiratt la rat niptnU pool; ttot it s m afflao* by oraor af tto Boar* of Kreator* of oa!4 Miptnttaa ca* ttot to al|i*4 bla aim ttorato by llto *rtor. aiv** a a I ATTACHED TO A YD PART OP COrTRAC? aXTTUI TERHOYT ASBESTOS CCRPGRaTIOI aid rax roriroid co. , dated as or MBSgM. A. 1. OTTTCKSITT OP TCRHOYT IgT Beginning at a pulu aamatat Ht at tbs nortb aat ooraar of lot IjSS. sal 4 Miuuit la on tha ion and count? line betwoon tha town of Xdan la tho County of Lamolllo and the town of Lowoll la the County of Orleans, whloh town and oouaty lino forms tit northerly boundary of lot 184 and tho lota shown wosterly t ha roof mi a 11 from Bolridaro to daa IMS by a epeelei oeamlealoa. Said lot 142 lneludos tha University of Vermont lot ao oallad and a part of tha Gospel Right Lot ao oallad. Thaaao running a. 43 2d* V. 3185.6 foot along tha oaatorly lino of lot 142 to a grant to aoauaoat at tbo northerly corner of tha triangular 1 plaoa of land formerly owaad by H.G. Parker. Thanoo La tha aaaa general dlrootlon along tha oaatorly line of lat 142, la I a atralght lino, approximately 3200 foot, aore or leas, to a I grarxo monument at tha oouthoaat oornor of lot 181 whlob : point la tha oouthwoat comer of tha Rivero Pan. Thanoo j burning an angle toeardo tha north and running Y. 430 261 V, ! 1446 feat along tha southerly boundary of lot 142 to a granite monument oot at the southeast oornor of the University 1 of Torsont Lot and the southeast oornor of the Gospel Right Lot. Thanoo turning an angle towards tha north and running I. 44 6' I. S260 feat to a granite Boauaent on the town and oounty lino, whloh la oat at tha northwaat oornor of the i University of Torment lot and tho northeast oornor of tha Gospel Right Lot. Thanee turning an angle towards the east and running along tha town and county line 1445 foot to tho : granite monument at tha point of beginning at tho northeast | corner af lat 162. !i 2. --BrL--TI--DE--R--E --OC--B--PtL R--ICHT--LO--T Tha eo-oelled Gospel Right Lot, in tha Town of Eden, ! Lamoille County, Vermont, being all the land whloh Use be tween the eo--oalled Old Yew England Lot and the to-called University of Vermont Lot; said Gospel Right Lot extending southwesterly from tha town and oounty line between tha town of then and tha County of Lamoille and tha town of Lowoll, in tha Oounty of Orleane, (said town and oounty lino forming tha northerly boundary line of tha eo-called Ooepel Right i Lat), and between and entirely along the so-called Old leu j England Lot and the University of Vermont Lot. ! 3. THE BO-PALLID 0U rev MGLiim LOT. whloh la part of the eo--oalled B el-ride re Town Eohool Right Lot. Beginning at a granite momaaent eat at tha south- i j westerly oornor of tha Ooepel Right Lot aal tha aouthmaeterly earner of tha ao--oallad Old Saw Tngl add Lat an tha eautberly lima af lata 144 to 144 lnalualvu set off from lelvidare to Xdan in 1444. amid point of boginning la also marked by a 1 lneh iron pin standing in the ground boride maid granite 3 I I miuhiI and etaaped I.X.l.K. A M. CO. (said Iron pin aocord- tug to the surra ye'a u> was eat Ln position in Ootabar, 1101). Bald point of beginning la 90 rods westerly froa the ecmikwwa] ooraar at tha University of Tenant Lot. Theas a I. 43* 34< V. 171 foot along tha southerly boundary lima of lot 111 to a granite aaauMtt it the southwest earner of the ao-oallad Old In England Lot and the southeast ooraar of tba so-called Brown Lot, baratnaftar daaorlbad. (Bald ooraar la alao aarkod by an iron pin which van eat, according to tba aurreyer'e notaa, tba aaaa day an tba iron pin pranaaaly nantlonad.) Tba noa turning an angla towards tbo north .<wt running I. 41* 90< X. MOO foot to a (Tnalta aawi--nt at tbo nartbaaat ooraar of tba ao--aallod lrn Lot. (bnld ooraar la alao narked by aA Iron pla vbleb van oot, absenting to ! tba nurrayor'a notao, tba aaaa day aa tbo iron pins prnvioueI ly nantlonad.) Tbaaoo turning an angla towarda tbo acat and ` running along tba Lcwoll-Xden town and oounty Lina 1190 faatj i to a granito nonuaaat at tbo northwest ooraar of tbo Soapel | Right Lot. (Said ooraar la alao nnrtad by an iron pin wbloh | waa aat, according to tba surveyor1 a notaa, tba (ana day as ' tba Iron pins praTloualy nantlonad.) Thanes turning an angle towards tba south and running 8. 51 06* V. BUS fast to tba granlta nonunant at tba point of beginning, 4. rax bc--pallid bboh lot, wbloh la part of tba so-called Balrldara Town School Right Lot and part of tba Laaollla County Grammar Sobool Lot. Beginning at a granite nonunant aat at tba soutl^ waaterly ooraar of tba so-called Old law England Lot, above daaorlbad, on tba southerly Una of lots 162 bn 169 Inclusive aat off froa Belvidera to Xdan In 1663. Said point of begin- . nlng la alao narked by a 1 ln. Iron pin ctandlhg in tba ground : baa Ida said granlta nonunant and atanped I.X.A.X. A h.CO. ) | Tbanoa I. 43s 36*. W. 1416 fast along tba southerly boundary 1 at lota 163 and 164 to a granite nonunant. Thanes turning aa i angla towards tba north and running I. 48 35' X. 5131 fast to a granlta nonunant sat on tba Lowall-Xdan town oounty line. Said granite nonunant la looatad 35 fast northwesterly 1 of a rprooe tree wbloh whan tba nark waa cut out tba ohlp ; Indicated that It waa narked by tba surveyors whan tba eosnla* alon aat off tba lota from tba town of Balvidara to tba town | of Xdan. Tbanoa tuning an angla towards tba east and running i along said town and oounty lino 1410 fast to a granlta noma* I neat at tba nortbwost ooraar of tba Old law England Lot. ; Tbanoa turning an angle towards tba south and running 8.46 I 30' t. BOO fast along tba lestarly line of tba Old law | England lot to tba granite nonunant at tba point of beginning. ; Raearring and excepting tba alneral rights on tba said peroel. Tba above parcel la bald under perpetual laaaa - part of tba aana froa tba town of Balvidara, being town school Land and a: part froa tbo Laaollla Oounty Oranar Sobool. s. Rmouriwc i Beginning at a granlta aonant at tba northerly ooraar of tba triangular place of land formerly owned by I. O.Pnrkar,. situated In tha easterly Una of let 163 (wbloh la the aaatarr ly line at University af Tenant Let above daaorlbad) dlatanil 3161.8 fact a. 43 141 vest flan a granlta aonuaent aat at tba -3- 1 N, northern*t nr at lot 163, vhich loot mentioned monument la oa tin tom tad county llaa betveen the Tom at Idaa la the Oovatjr at Lamoille and the Tom at Lem 11, in tba Oouaty of Orleans, vhioh tom and county llna iormt tba nortbaily bauadaxy of lot 111 and tba lota atom vaatarlf tbaraof aat off ftoo Belvidare to XOaa IMS by a *p*tal ooaalaalom. Tbano a turning oa angle toward* tba aoutb add running aoutb 10 30' aaat 601.0 foot along tba aoatarly aida of tba load toxwmxlj omsod by tba aaid Parker, to a granite miumM on tba northerly llaa of tba Rivera ax Sbaxax faro ao--oallad. Tbanaa turning ad angle tomxda tba aaat odd running oouth SO 48' ooot 196373 foot oloag tba aoxtboxly llaa of tbo River* faro to a grantta monument at tba noxtbaaat ooroer of tba Rivers Para. Theme tuxalag aa aagla tovaxda tba aoutb aad Tunning aoutb 3V M* mat 1087.5 foat along tba aaataxly llaa of tba Rivers Para to a gxaaita monument at tba aoutbaaat ooraax of tba Rivers Pnrm. Thanes tuxalag aa angla tomrda tba vest oad running north 61 66* test 907.6 faat to a grantta monument tot aoax tbo blgbmy paaalng through tba Rivers Para. Tbanoa turning aa aagla tovaxda tba aoutb and running aoutb 13 461 mot 717.0 foot to a granite aonuaant noax tbo blgbmy paaeing tbxougb tba Rivers Para. Tbano a turning aa angla tavarda tba vaat and running north *9 39' vaat 2336.5 foot along tba aoutbarly llna of. tha Rivers Para to a gTanita monvamnt at tbo aoutbaaat ooxnar of lot 162, vbiob point la tba ooutbvvst ooraax of tba RlTaro Para. Tbanoa turning aa angla tovarda tba northaaat along tbo aaataxly llna of lot 163, spproxlnatSly 2200 faat, more or last, In a straight lino, to tba point os plant of baginning. Ysrmoat one this parcel in foe. 6. RIGHT TO Mllb ASBE3T03 Perpetual laaaa fxoa tba Tom of belvidare to tba 7trmont Asbestos Corporation, dated September 10, 1932, re corded.. Idan land RaooTda, Boob 23, pago 208, annual rental 662.90 due in advance Juxuarr lat In each year purporting to groat tba right to nine ana remove atboato* In the' eo-calleb Ooopol Right Lot ana the to-called Old lev Ingland Lot, and la to ueh of tba Brom Lot no it included in tbo BolTldors Tom Sobool Right Lot. 7. EDSt C0RJPER8 PARCEL A parcel of land and any bulldl&ga tbareon, altuatad In Eden Corners, Vermont, approximately thirty (30) faat vide add thixtj^tira (36) faat long on tba Shover Road, con veyed by I.C. Shattuoh to Vormont Aabeatoa Corporation December 17, 1932, recorded (aid Land Raoordo, Boob 19, page< 481. Vermont oma tbla pareol In fee. .iLgp SMSS bo riMI of -- n. ?< ,. r:. ; ft S\ K> * 3 4` . , %^ %V ,y .JL l C* n, *' ' K - ; fs< "S n '$ I S* ^ 0. *3 t.k .** SV ^JG*SCt i * C^* $* ; ` 5 ^ s? *- '-\ ,>V ! a1 i > n <C * I, BAl'UL'L d. Van vleet, do hereby certify that I am secretary of VERMONT PRODUCTION CO. INC., a corporation organired under the le.we of the State of Vermont, having it* principal office at the City of Burlington, State of Vermont. I FURTHER CERTIFY that the annexed instruments are f-ue oopiec of: (a) deed of conveyance of certain real estate dRted the fitii day of February, 1936, executed by VERMONT ASBESTOS CORPORATION and running to VERMONT PRODUCTION CO. INC. with Certificate of Clerk of Vermont Aebeatoe Corporation relating to proceedings teken at a special meeting of stockholders of Vermont IsbestoB Corporation attaohed thereto; and (b) quit-olaio deed of oonveyanoe of oertain real estate dated the bth day of February, 1936, executed by Vermont Aebeatos Corporation and running to Vermont Production Co. Inc. . i. , - , II WITIE88 WHEREOF,11 I have hereunto set oy hand and affixed the oorporate seal of this corporation 4 1 .'.l P.t *T iifl y p n mi .......................................................................... II ooii:aunoi rf U< uraptln kr TTncrr PrOEPOTIOT 00. 110. a.* *11 tka #kUmttnj of Tg WKBH 00.. ad<r and 1* NtMilln ltk * aerial* ifrtant aatarad lata >UMi TEX *0*1*01 D 90. and TX**orr ASBESTC* COKPlJUTRlIi4*1*4 J*ly U, Wl, Wltk *11 --------- i oaala and aadlflMtloa* tWmf, TEX XOSTMIO 00. d**a karaky Mil, *aalr*, traufn *al Ml artr mV* YTMOCT PRCBCCTJOI 00. 110., tka Uii timant util 11, 1*11, 1U *11 tandanta U*m{, tefetker *1U *11 tf TEX HJtXROIB 00.'S rlfkia OHMltr. ii times inner, m rumid oo. w* I ita Hrp*nn m*1 la M temm u< ium **! *1*m4 hr tta Prealdent tUi 3rd **jr f htourr, 1* U* r**r M tkaaaaad Um 1mIt*I * ttirtMU. i. s. tarn*, v-r. txx motoxo oo., . Herbert ibrahaa (Beal) Pree. run or m ton; ocxiTTT or arc Ton r*i- o* ik* 3rd c*r *f rnmrr, .uw, k*fre * ri*rte* ubUmr ,tpnr*ir.*dwtifHekrrber*t Abrabea uir mn, did o*h **c -**7 |kat ka raetiaa at IB l. 7tb 8t., I. T. City, tkat ka la tke President f TEX KTKkOIB 00., tka HtpvaUoi ItatrlM 1* aad tkl*t umtK tka *Wn laatnant) tkat k* beta tka aeal af ult aarparail**) , 'tkat tka'aedl CHM1 n Mil lulmnt 1* aul aarparat* Mall tkat It tu m afflMd kr *r4*r ( tka kaart af dlrartara af Mil aarparmtlva aad tkat ka *lp*t kla im tfcarata kr 11 ka ardar. Oeor* e I. tan U ton OTARI PUBLIC. tine* County, IO.620 e Xork County Clerk'a lo. 1107 CoMlaaloa Axplrea karcb 30, 1937 (tal) 3g Et ! I *.-r `i-t im all hi it tiiii ritmiii rut TTacrT umrg CUXPUliJICa. rnMt nrimtlo terlac principal plate If knilnrai at V** **** 1 **" Oaatp af Tterllli aad *tete at Tamt, la milfcitllB af Os ra af os dallar (ll.ao) ui iWr 1 ilU cuillmtUa, pm U It la fall MtUfwtlu V7 nc.. a Tanaaa* sarparaUte ktii( Iti principal plM af UaluN at hrlliftu, U U Osatp * Chlkkada and IUU af Yam*. *7 pCMMte Um fraalp (In, (iut, sail, lairip, as aim. trufar, art wr%r al saatVra ata Ut Mid tavunt rnawtlv. Ca. laa., It a aaaaaaaan a4 terlfM, frrur, sartel.a plaaaa ar paraala af laid la Man, la tta Craty af Isail la and Mta af kaaaal, taattar U saraln rl^tl, IMnak aJ 11 Hi prrtelnUc te laad la aal4 Idas, said lad, nfrtl. Utamta mi 11 a II Wla dairrlted aa fallMiI lag 1. OaMMoala< at a riaua oaaaat M Ota turn ad Onsctr 11a litecm (a Taa 1 af laaiU aU la, said im nauasat Hrl^ I I IB art Wjaraa, and aald atua mat taint tla o*at wrwr af lat IB la that pirt f lalaldars la* aa aal aft *a da ia 1B1, ud Valac alaa Oa aar*>aaa* nar af os as--aal lad Oallafs ar I ml ia rj ft{kt ia old la* IB, dtldt aaa art ft *a Ida Waanltp af lain ia IdB W pruultnf* a art art la Maa lad hsarda, ralta I, pu<ar ill, IB ad 1M T antaf *waa aaalMrlf la a a trail*t U<* ilig ta auurtjr tradi 17- af aald 'Is* IB ad iVrllkt "t1** *s aald taa and Oagrty lia ta anrtor atm MMit ak I lit art Oaraa lltd.f farti tli laa aaata ia< aloe ta aaa uaw aad 1*111 1k Ua auUrljr 11m af aid la* IS appi-rOMtelx OOO fart ' a ataa aaaaoaa, aa ia ta ssrtaart aaiaar af ia ptraal koala daarlksd aad aite aald ha MMtt alaa m-rra ta iiattat aanar af tka aa aaUad Bon am M *atia( aartdamatarly aad famine aa ta lark aa klaad aawH a laterlar aa<la af *T la era 11 aad r--1 m dddd.d fart khraajli Ora atn parte, aa la* as af Oink kaaa Ira t yia art ti ao*fi tala uasrdlac fa lk mmryfn^.'P nptrs ate,. , , at la paaitla Ostsar, IMa, a a faartfc ran pa* aa a Ira pla ala art hard) 1 aaia rarla; iraiaitrtj a a lia farOmc a interim and* af tT dacrasa >0 dam aa Oa Ua* daaarikad aaraa UM.I far* te a pair* a Os aitraall Taa ud Osmkp lia katea Oa ha af Uaa 11 aad Ua, add paia* Mine fnarly toad aa a atea part aad aa Oise Baited Vp a skate, aal aad paint Id t Idea fa* telterIp a aald tea aad Oaotjr Uaa fru Oa plaa af tecladaci tka rnnoJj* sarOateterip alaat aald toal teo*j lias d01 far* te *ka psiak^af hr* af Oa fartprig Imrllil late tea tea 11 iiimj 11 te Oa fraater la faa alala hr Usd fra Os IMsnraV af tanas* aad Mate k^lsaltoal Aallapa teted abr-r- : , 1S?C te te mrkl Urarttk, aad hp dasd flat tea tea rf tell*ten A paraal at laii arte ac7 hillAtp ttearaaa alaaatad la Um Ooraart, (mat, af f*-ok1ok taly thirty (AO) fwt b4 talr*- flw (U) f*4 !*{, m AW femr W4, --ji a;ted hy I, C. V* tk> {Tutor fiB I iteif IT, lMt Vy Im4 iwrM la hda Wirii, koot U, Ti|i Ul, Law* tm It. JoteoWr^ oted late fta^lata hllnal aT laad toter rd avrraac aanoaaao at nllmt aldlac at lytea Tut, Taraont, raatal |i0 par yteaa, aald laaao aa?lraa Mr M, ltet, alae Sa [natar'i rl(Mi lx auabatai MUli( tellt tey tea {mrtar, and afdraiat an aaid late. All tea rl{Hi f lallit la tea (rtartar la and la a laaaa aada ta tte (rater 7 teaa Taaa af laliUtn aa laptatear 10, 1*1, l-aaar lal ta Un lad teiate lofVatear It, 1*1, la aak S1, fafa M, auat r*{Mi, IT aqr, Mac thaaa nalteK tftear a late fraa tea Taaa af lalalAita to tala paatar, lute X y//fJ L aad W tea niariid Saa-aadtfc. It Mac .tdantii I'aad apaal teat aald late aad tfcU dated ada 11 aat ha laaal ar aaaatrwd tea attteftlte an/ rlpta at tea {natal ad* aaid laaaa la aa far aa aald rich* teaall par-tala * ar afTaat - Idtetea mat aantayad tey tte* hated af aaoaajwaa in fat al^la. All rlcfttt \flbr --it 4*t*d IM IS* 1A(| MT#I la rdi, )a^ If, pa| 414, in rwp> rt 4e rich* W /, WLhq th VhlHnin of m Ufht *f mr fN /\r%ir A haam Ut, iMllfl, fm ubi Uvrljr if Ut fl^ht af htrtla atett ImstIM la !* I; rlfht f ^r htlnt atfilfA Ay 4l fi-- 1 6* J*iitar U b jrvrtor **< 0**r U, 1K1, nmr+ml U mm mrnrU, hmk U, ya# UT. Bf ' jfe 3r-*': B mjtj or *11 at aald oaearoaoerta war* or loaa or hmrw othonriao aald lV.au ooy bo boundod, oaoeurod or 4o*orl^*4. il*o otrroyl&c hor-aby and homdth any otbor land, buildlnga, a truetoroo, flrfcuroa, lJoproT--opt> aad rlfhta, lzrtoroata and miooeti portaloLn^ t land in **ld Mee oooud by %}i* grantor toolbar or not horoia apoolflod or imirtW. TO KAYS A2 TO BOLT Itid lands, righto, istoroaba and ti, arlth *11, tha prtTllojoa aad appurtauanof thoroof, to th# aald hauit fraduatlac Co. ' > . i Iao.( lta aootMiori aad wiifu, bo lta and tboir mb qm aad behoof finer, **4 * **1^ Ttmrrt labontoa Corporation, for ltaalf ad lto ruaooooera .and utlpi, dooo pit--at oltfc tho Mid Tomoot froduabloc do. In*., ita *o*> Minn and ooolpia, that wxtll tho aaooallag of thooa praaonia It **a tbo aolo oor of the a aid landa, right*, lxtamh aad oaa--rito dootrlbod aa aforoaald, od baa (m4 right and till* to onmy aad udp tbo rano la tba nor aforo- o*ld| that tboy ora fro* trim ararjr ra*mM ooopt oa afartaaidj tad that It horaby ongagoo to fonmtr wnat oaddofout the no againrt toe l**ful alalm of 'alljmnwn* .olaladng by, 'through tf '<ait*r, lt ftt.*OTi*at ktrda, v;. > ' . r': ' V . T . f ; to apply to tho foa alapl* of laud lying la Ztaa 1 horoof, ojo apt ha thii V: grantor hatually roeolwd ! foealaplanador'oaid plmya'Mrllimod '\U . V ' ; *' . . " ' .. ; * *4 t* * iV -f .. :frM tba Cairarslty *f Torneut auod Chat* kgrltodtiat^ Oollog**%ad tha - < *f boWidora. . r ' .-'..-.v . . ..- : ` ,.-v. .* 'n wmMS 1KED(7, T*rK^t;Xab*rbo Corporation, by lto Tleo- -Troaident, la tbo of tho TrwUort, 'thorawrto dly oath aria ad by tba K-J \ otoattoldora mt boo-thirda of eoah oloao of took entitled to robe, o*a Pb'*'*--"' i -- r2T-*- i3S&5s ^ **erv full/ ymn by aartiflad aapy ef ctoaktoldara* robe puW at a apaalal waiting af toe etoahhnltora of a aid eorporatian, bald Pabruary I, UM, itbda4 rti aa part hereof, aad trader hi eorporate aaal attorbad by ill Clark, I awagUi tbla toad tola tth dajr ef Pebrucry, 1M6. TZ2U0KT ABISatOS COHrOEATICK, f r>r r r* -- - * t .' v-lO IKr t'roilcrici > . ' riter Tioa-PraaideDi.' la Ida* Prooanaa af i ATIUTi {-or"'.' rord Clark. ' . V!V Xa to eaab al^aar . *r \* t t. ' \ ^4*W *'.'l . * ,' * * flits OP TSOJOVT ) ^ COUITT' Of JUSCSfOrOX} '' ; ..VI ..... ' ' .. r' 'V 1 " . . * r ' v * * - *' ~ ' s** ' 4' ` ' ..- At Mactpaliar. la aald a* tarty, thli ttb top of fobnary, ISM, par* aanally appeared Pretoria! S. Syrnea, toe, aa Tlea-PreeldaBt aad A^aot of tba tiroerrt Aabestae CerporaHaa, baa arnirtiad toe faregslac wittao laatrii--u t &d toad.aod aak&erLadcef tba a mm te be Ma free art aad toad aad tto free art to toad of aald Termt Aabactpe Corporatlaa/aad toat ha aa auafc Tlae Praeldwt aad Apaat voluntarily xaatita4 toe aaaa. I 'hafare aa. ''i'1 , Notary PuSlia. : > |-i * ^ **iAa n w . : AH .'\*wC pon. oun- c ; k * ; V- k tlcri tnsre of, ri :i T. t; J * t-rr. r - '") if - i ` >r 'i t hore t *ti s r.a-.i e tc u .'nfiar t hat net ice of^h e order ?H. rs *f to' *4 . . spd -;s K ; or..: or, their- oi-_ 1 SIS- 1 thin f curt or. or hr fere' t h* first Tuv- a-ivy m d- Sreru iTin ta i 1 to r s-. and 3 uu ckholders or :uther i^eisonr,-.i,r.tai'-a:; tt;,, to.- shoe cp-usa-vivy T,e prayer of the '.'bill should not Ve yrtir.hbb.-ias *;iv ,-n Vy publication ns rre- scribed In sail Order nr.' that ::o creditors hove rrcven or Tiled claims with salt ficric ur.d no creditor.'? or stockholders or other rprsor.s hnvr.- liv.o-mrei: sho cruse thr trnyer of the bill should net be granted and -cause has net beer, other- #* ' ', . wise shovm -.rhy sold nrcyer should ::c t be ^ranrad, J' . * . mt . . * '' ::c.7 THiKiroR'j it is cu-j.xil)','Anjv&izb* h;;i'-'rcc*22c . _ rhr.e the Vemorit'^a'icstort lorcoratlon forthr/tth upon the recording cf this deerv-a transfer to "ui-erol I fompr.ny, ntime : in tu: d blll.cr cor cretlu:: rented by it end lesir- nated :.* it as trnnaf- tae ri*h` to u?i? ike verds '-'erecent iabestos' in its cory.o~n te r.:-.; ; that the affairs of the ce 1 tltlonor cor tar..t lo-.. . vu.-.d u" t r.-; that its a.rets ilrlde* eiLtnr Its 3toc'.c:cl:l>irs c-..i.v their respective rights. If any, 1 ij char ter o; U -_a.;s; and that ..-t thin three buys aftur .h.- re cor i i r. y cf this iecrsr-, tne fieri; cf this Ocurt ou'-sc *j o : * 1 f. : 'l"-' h*-.v'tf to i file' in the office cf the 'ore tr . v of to to ; ur-l that after the f. lir.tr cf s o \ ' i! ? ; r " ; c i: pCTilt. J t S.. . * CCaS-- v *-*Xl-3t 21.1 C r.y. . asset:- then beior. ; tv it (-fU::-..trw .be:^;iYit'tofVTb*f: costs. ??.*''- *' r ii of tills :proceedings and of.' said filir.-- ) ^shulu-aepoaui arid Vtj the -property of ch* ;; tcnkholdara In e,- * ' * ' ' ", "*r w Vp * I * orda.tce with thdlf respective r-rlorlties of rl;^it aforesaid auc .hull' forfchvrithyji'fe :3c *vile-i' er:d .rlistrilutod oricp.-; them. . . '. ' ... \ &oau- ix:V Court th^s 4th day,-of '.Covorii.er, 19o<*. ,: ; ^ A'-fcvwtf ;"'**] - * * Allen R. ilturtevant Chancellor. ! hereby certify that the- form end language of the fore- ' going order Is correct and proper ar.d lr. hccordcr.ce with the rules of Chancery. - a . J-*- ]uv 1'. ?ar.iolicl tor. .,Vi ' a * t *'' '' - :/ -'r -' A," * .*.< \4. .. #. -i' (l . a*r- . ... -- J.TA A THUS KIICCRD, t- 'V >v ,. .. ve; ATT23T: Joslfc 2. r*iid-e 11 iounty 'Jlerk. V fljfcl Mk feeu /^- 3ff/ &tat* nf Hrrntnni. Lunoiile .COUNTY, m. Ltutollle .and Qerk of the. T Jont `.TV'.rtjfr Qerk of the County of fVnirt of Ch-nc^r- within and for said Coanty, the ume being a Coart of Record, and having a teal, hereto attached, do hereby certify >.f >- ^``e attached 'document la a true ar.d correct cc^v ' ' aa the um< bow appear* on flla and record In the office of the Qai of aald Court. .Qerk. /2T- *??/ Hoyaubcr 27, 1935 ?.ei Virrimt `3b<T3tQ8 "^rrors.t-on CoecsIaaJ orvr of Taxe* Kontpollsr, 7arwont I*ar ?ir: - -. To'j rt hor-abY aotdLflsd that ra have today roosivsn nr.d filsd esTtiflWd o?7 of lisorea r Pi-t-.elution of tha aboY nared oorporatfon* Tours -wry truly Secretary of Stats TB * -a * f r r- r- r K N 0 I ALL HE? BT THI8I f It I B U T 1 TEAT uTTCHULS under a petition of Varment Asbestos Corporation, a aarporatlas under ths lava of Vermont vlth principal place of ' bps ina*i at Eyda Park in tha County ef Lamoille, ta the Court of Chancery vithin and for ac.ld County of Leaoille preping for < authorisation ta tranafar tha right to uaa tba wards "Tarsoot Atbaatoa* in tha aarporata namo of a a or per at lan formed 'pursuant ta tha proTlilem ef a ear tain aontraot between said Vermont Asbsstpo Corporation and Tha Bubereid Os*, a aerporatlon under tha Lava of Bar Jersey; and further praying for tha voluntary dliaolntlon of aald Vermont Asbestos Corporation, it was or dared, adjudged end deereed by eald Court of Chancery that eeid eight to uie eeid wards be transferred end that eald Teraont A*beater Corporation be dlasolvwd thcr softer, .'ell sis appears from the rasords and. files of aald Court, > 'VpB.THEKE7(HX, pursuant to aald deeree and said sontrant *r' *' ' . TEHTOKT ASBESTOS COftPpRATIOB aforesaid dees hereby assign,trans fer end sake over unto Vsrmont Preemption Oe*,Zno, a eorporation under the lavs of Tenant, formed pursuant ts ths previsions of tha sontrsat efaresaid, thd right to use the radi Vermont Asbestos* in ths corporate mas of said Vermont Produstlon Oo,Zna* ' r DATED~at'~Hyde Perit n' iheTbdunty'er'Ik*ollla, this f7th day of Hersmber,1*36. vkrmubt asbestos oorporatioi fcr CALEB LCRIHO* Traaeurer* State of Vermont | Washington County, ,j i I hareby oartify that tha foregoing la a true oopy of an original instru ment thla day exhibited to na* Said oopy 1, hereby oertlfled Cor filing la tha offloe of tha Saorrtery rf Steta with tha fllaa relating to eeid Yernoat j Produotion Co** lse* j Clean under ey hand thla SSth day of Soreaber* lCSfl. -- Theriault & Hunt lawyers umu. um Mac bml**** owrnxic*. ceaaorr Wmcber 2S, 1S36 Eon. F.a*sos C. j^-rick Seo-etary of Sttu Uontpelier, Dear Siri - lc aeoordanoa ltk underq tar-ding I am aneloaing baranith copy of tba iuatruneat of tMipiaeiit frcai Vamont la be toe Cor poration* to Tnu.l Production Co*, inn., to ehiob I hare appended a notarial oertlfieete* 1 gather*'that this ia to aerra the purpose of information rather than to satisfy any legal requirement. looru Yry truly aa/o Hcrwwbwr SOt 1S36 Kr* Ooorgo Exint Attorn*/ *t Law Uontplior, Voraont t*r Sirx Thia will oekBovlodgo. rooolpt of jwr 1frtwr of Bovotfbwr 2Sth xod*1& eopj of tfao inr*ngwnt of aulgu--n~t froa Yonaacrt Aabootoa Cotporation, to vnrnt ProdootloB Co,, Iae, Yoon jry trolj" Sowratary of Stato Deceaber 4, 1936 EE: TER^O':"' aSBEST OS CORPORATION *fr. Cnaries ?. Bites: 178 Vain St., Burlington, Vt. Dear Sir: Te are advised by counsel that the reason for the issue of tne additional `shares of stock of the above coaoany rat 51,-000* per share"v.as si~ply because there were only a fe> sha-es of the unissued stock remaining. Tne company 'is: raining cospany and needed ner equipment and a substantial sun of money ves required in order to rehabilitate the properties. Consequently, the L#nnt to be received for t:.e stock had to be sufficient to enable t-he coapany to obtain the necessary monies. BNone of tr.e stock of the company has been issued to the public, all stock being sold to a subsidiary of the Ruberoid Co.- a foreign corpora tion. The stock has not been registered by tne securities branch of the office :of the Commissioner of Banking and Insurance since no stock Is offered to the oublie for sale and the- company is a privately orned coonercial corporation.*1 ^leese advise the Secretary of State of these facts and advise us in due course of his reply. lours very truly, THE CORPORATION TRUST COMPANY H. V..Parke. RC:E0 Asst. Secretary -.V.Tecv> la orneu or Charles F. Black Bukunoton. Vt. December 7, 1936 Hen. Rawson C. Myrick, Secretary of State,. ... 2. yontpelier, Vermont. - .> Deer Rawson: Re: Vermont Asbeston Corporation Enclosed herewith find copy of letter wnich I have this day received.relative to the above corporation.I I believe that this fully answers such inquiries as you Bade ar.d if everything is okay, I would appreciate receiving certified copies of the affidavit: Very truly yours, . c?E==r. . X ; D*e*rt>*r 10, 1SZ6 fa-, Qurlrp F, Elm Of Attorn*- *t Ln Bttt3 lnrttm, V*r*>7nt 'emr Fir: v; sltp enelor.irv* hr*ritk.- t*o e<?rtifl*< oo^le* of the AFT' rt*-lt of Proposer' Ibbu* *of Cm.pi.tnl Ctook of the Yrrermt Asbestos Oorpomtlon* Tour* wy truly S*ret*Lry of 3t*t* H? M~ z(hJ `4-ir-zc :^V On this aaaa aubjaot tha praaldant atatad that In hla opinion it would ba adfiaabla fc: Tha RubcroId Co. to eonaldar acquiring an labaatoa Kina, tinea thara la arary indloatic that wa will arwnfrually ba aquaarad on thla oamodity. Ha atatad that In bla opinion t only mlaa which produead tha gradaa of aabartoa aultabla for oar raquirwnanta in tha mj faotura of asbaatoa^oaoast ahlaglaa and aabastos product*, tha quality of Kilch had bac thoroughly taatad and foond aat la factory waa now bai&g oparatad by tha Tarnont labaato; Corporation ct Zdaat Tt. Aftar a full dlaouaalon on notion duly nada and aacanded it waa raaolrad that tha praaldent ba asthorlzad to aaeartain whathar ha could acqulr* thJ Blna and to raport forthar at a subaaquant maatlng. MINUTES OF THE EXECUTIVE COMMITTEE November 28, 1933 s- -y . ~ v V-/9- s r -\ 'V At this point lr. Rugan iu requested to attend the am at tag. Ha outlined the recults of his Tlslt to the properties of tha Tamoat Asbestos Corporation, as ebodied la hia report of May 14, 1954. After discussion, it vas decided that the President should continue his investigations with respect to acquiring said property. MINUTES OF THE EXECUTIVE COMMITTEE May 22, 1934 /uror-'(f^7 / Itr. Abraham pointed out that only two point* were yet to be determined in con nection with the properties, viz: 1. The completion of the tests on the various grades of fibre, which ar now being carried out at the St. Louis and Erie factories. 2. Ihether or not the operations of the Vermont Asbestos Corporation at the Vermont will be exempted from the minimun wage provisions of the NRA. After full discussion, on motion duly made and seconded, it was unanimously resolved that, subject to the satisfactory determination of the two points referred to above. The President be authorised to acquire the title to the Vermont Asbestos properties for a sw not to exceed $500,000., covering the items embodied in the minutes of the Executive Committee held on Febrimry 27, 1954. -^Tn the foregoing connection the President also outlined the negotiations which had'' ) /taken place between Jinanciere and the Asbestos Corporation Limited, as embodied in) tter received from Fiaanciere dated June 12. MINUTES OF THE EXECUTIVE COMMITTEE June 26, 1934  (h) Tha fact that we have under active consideration signing an agreement e contemplates the purchase of the properties of the Vermont Asbestos Cor for the sm of $500,000., including also the possible expenditure of a to $100,000. for revamping the win lng equipment in the event we take c properties. (i) The fact that ox*- inventories will be increased between now and the clc year to avail ourselves of present market prices of raw materials. MINUTES OF THE EXECUTIVE COMMITTEE November 27, 1934 .r* Chahum F. Black. Buduncton. vt. October f.7, 1335. Eon. Pavson C. Vyrieit, .Secretary of State, Montpelier, Vernont. * Dear Sir: Enclosed herewith find `Articles of Associa tion of t.-.e Vermont Products-Corporation. The peters are very specifically enumerated and you will note'that L have, ended e clause whict I believe will meet with your require ments. 7 Enclosed herewith-fi'nd xy check in your faTcr for the sua'of One Hundred (ICO) Dollars in c^yment of the necersarrt charter fee. ..Ill you kindly'cause to-be forwarded to this office two extra certified, copies of the Articles wit:: notation of the charge, and isnediate remittance'will ."be made. / Very truly yours, C73: c. Encs. - \ i w* !y 1 i i \ i '< Vi r )r r Sr. Charles ?* 31*ok. Atto my at Law Hnrlington, Veroont October 241 1935 Dear Sir* - '- -- I acknowledge receipt of yours of October 23rd with enclosure of Artl'olea of ...asoolatlna of a corporation by the naraa of Veneont'-Products Corporation, together with ebaek lc-tbe sonant of'..<100 to oorw the organization fee. Upon' axmwi nation of these attiOla a of Association I find thaw -in .propar ordar to b fllad jtpd raoordad except for the following-reasonsj TM -- -Firal-- the na of the proposed oorporatlon la tha itia aa tha e*a-or a aorporatlon fomed In 1924 7#rsoat Products Carperation - with principal offloa at rrettleboro, Verwent. Tha charter of thla oorporatlon was revoked thia year, b^0jthe provisions of Chapter 43 of tha Futile Lews, but tha prorialona of Sections 1014-18 of tha Fnblio lava aaro ruofa that tha ehartsr of thla oorporatlon way ba reinstated, and la rlnr of tha prorial ana of thla Section, I do not thick It would ba propar for thla oifioe to__flla and raoord Artie la a of Association of a corporation having the a sac name aa tha Brattlaboro corpora tion. Tf thla oorporatlon were rainetatad, *a would than hra two corporations with exactly tha aaso mm. Second - 1 faal -fchftt tha saoond paragraph on tha saoond paga should ba asm dad by adding t h era to tha word* "engaged In tha ana or a slrtllar business" so that thla paragraph pro riding for the acquiring of tha rood will, rights, asstits at other corporations voxild ba llrltad to tha aooairin-; of 'snch rights and asset* of concern* engaged in the scat or slnilar business. * z Lotiom EO0CB tb* ArtUlM of wH*S*^ Vltfa X krtly of Stat & k E EC i i v-/S-SC 1' AHTICLEfc CF ASbOCIATIO'n OF THE VERiKJtlT PnOI'UCTIOU CO., INC. #* *** Vt, T::E SU3F.CHI0EHL, hereby associate ourselves together lz z corporation under the lews of the StKte of Vermont, to be known t; the name "of' VERMONT PRODUCTION CO., INC., the purposes of which ere: * ** To manufacture,'purchase-or otherwise acquire, own, mortgage, ` ** '. * pledge, sell, assign end. transfer* or otherwise' dispose of, to invest, trade, deal In ar.d deal with goods, wares and merchandise end personal property of every class and description. To quarry, mine, 'extract,, cut, saw, finish, purchr.se, sell and deal in slate, asbestos, asbestos fibre, granite,marble and stone of all kinds. Tp ..erect or^ acquire by purchase, lease or otherwise, quarries, clay beds, manufactories, kilns,^buildings and plants of all kinds, tnd to establish and maintain and operate manufactories, plants, quarries, mines.,; kilns, .warehouse?,' agencies and depots for mining*, quarrying7 extractih`, 'removing, manufacturing and. storing, its stone,.. slate, asbestos, marble, granite, asphalt,- cement, terracotta, brick, lumber and other products, and for their* sale and distribution.'-* To purchase, lease or otherwise acquire, and to own, use, operate and otherwise turn to account, and to sell, mortgage, rent or otherwise dispose of saen lands', mines, quarries and other sources -of sioply, ;uid sue'., bindings, plM.tr, ei'yss, y.T>rV.s, ai:':Ci.lnvry'i equla.xent f*ciJ i tluv. -nu real and personal property : s t>e useful lo th' conduct <'f its business. To acquire, r.nd pay for in csr., stuc* or bunco of this corporation or otherwise, U.r good rill, rights, assets rind property, !<nd to undert-.te or assume the whole or any part of the obi 11" tlohr or liabilities of any person, firs, s-ssoclntlon or corporation engaged lr. ton sr.ne o* o similar business. To acquire, hold,''use, sell assign, lease, gfant licenses in respect of, mortgage, or otherwfsc dispose of letters patent of the. 'Jnlted Etates or any foreign country, nfitont rights, licenses t.nC privileges, inventions, improvements and processes, * * ' . ,> '.** t t . , 1' copyrights, trade-marks and trade horses, relating to or useful in counpAtior. with any business of this corporation. To have one or more offices, to carry on all or any of its oper .tions and business and without restriction or limit us to amount to purchase or otherwise acquire, hold, own, mortgage, sell, convey or otherwise dispose of real and personal property of every class and description in any of the States, Districts, Territories or Colonies of the United States, and In any end .oil * * w'* foreign countries, subject to the laws of such btate, `District./ Territory, Colony or Country. " ~ ~ "*..........*-- i The foregoing purposes, rights .*>ad powers herein specifi cally enumerated or not, are granted and are to be exercised only uoon the condition that the requirements exacted by tho laws of tne State of Vermont are first fully complied with. Trie principal office shall he located at Burlington, in the County of Chittenden, in the State of Vermont. 'T-.e ''fjiplttl :,toc* shu i ' .-.visit t of ane thou^nd (1,0'JO) ;h'.rr'r- of h-ivlng no p:T vriuc. In furtherance ol` the no^err cf>nCerrcu i<y stitute the l.cord of directors is authorised: To Issue the no pur vslun itucl: of t'r.o cornnrt.ti.rm for such cr.s/i consideration os it snail from time to time determine. To authorize nnd couse to be executed murtg-: ges r nd liens upon the real and personal property of this cornor;tion. From tiir.c to tl.-ie to determine whether end tr> v.hnt extent, one nt That times and places, and under T.hnt condition:: and I regulations, the nccour.ts end books of this corporation, (ot cr i i than the stock book), or any of them, sl.oll bn open to inspect ion of stockholders{ and no; stockholder >:.ull have r.ny rijrht of Inspecting any account, book or document of this corporation except as conferred by statute, unless authorized by a resolution of the stockholders or directors. If the by-lawe so provide, to design*te tliree or more of its number to constitute an executive committee, which committee j shall for the time being, as provided in sale resolution or in the by-laws of this corporation,;.have and exercise any or all of the powers of .the_board of'directors in the jnnn*Keireni;_of the business andi .uffnirs of. tr.ir- corporation, tu.d; have power to authorize the eeal of this corporation to be '.ffixed to h11 papers which bh, reyulre.it.- This corporation reserves the right to amend, alter, -, chunge or repeal any provision, .contained in these Articles of ^ Association, in the manner now or-.-hereaf ter prescribed by statute, cmio /'ll! rlC'ti conferrrd U|i , i : *.TcKiioluert herein nre grhnl^d subject to this reservation. Dsted Qt Burlington, in tnc County cf C/.ittc.v.ipn, t.uis ;.oth dy of Octoher, j,. D. 19?r>. SUBSCRIBERS IOST OFFICE /ep.t'.tr-PES 's/stSJZ* F \ *. W I, . . ' ;v / < \ .K, i K ;I r.Cmancc* Black (UURTON. VT. Oc tor er L3, 1_ 35. Z" EotCr Rawaba C. Syr lex, ecr*'taxit;6f State, iioat_pll6^_ Vernon t. De2r~Sir2" ` Vemont Production Co. Inc. - Eaeloseii here^it::f--i-n---d- ---r-e---v--i-s--e--d-- Articles of AseocIXSddaLor-Ttbe. above corpora'ation. xou wSnZnctehthit the- name has bean lev?, comply with?di ..thej;reqniTe'fenX3V~~t *s- -r- Sg sug^jrsttt<i-^rC.a7.`-previous letcer,yougl~i iyyin^-Eygp&uay:tr> ~b> ^fernnA-rded to E.e fSO additlonaE^oertifled copies of the Articles is the jar.e TSar*`beecr--requested by the Corporation Trust Co&paoxy^ trnxiclose.'sxateaent of charges for -the saiieCLahd- dJsaedl^t* remittance Till be nade* -v Cl'-Very: truly yours, r. ^V^r^Hadlagiinitial jEse ting of:incorporators this -afterr. Jon and . if*-ever;*thing not o.i. call =e on ' p..one collectT-^i cwmrfcxrx u capital actuajxy pud dc ef the ^________ tomoit pRODPQTioi oo., no. We, aerk <rf PmkJttt sad CkrU f* >3*oic Tg^oyT woroorioi oo.. ixo.. a corporation orjanJaed and exiitiiy coder the lava ef tha State ef Vermont, cad hariax lti principal piece of biainees at--gtfllBgtOPin tha coumty of CQtlYtnpdna____________________ ^ gut* of Vermont, hereby certify: 1. That the foOowiny aharee of stock ef said corporation hare actually been leased for CASH, sad the proceeds thereof paid into the treanay of said eerporatios, aamelyi-- aharee of preferred stock of the par raise of,. ' ,. .doBsn per share; -- . shares of cosmos stock of the par raise of V: ; -- ahdraa ad prate red stack hariey so par Value; t-jioL.-shares of flOKitad karts* so yar raise; y* mi that the total cash reaBaed frees the sale sad iasaa of said par raise ftouwd . d,o,,llara. _doDan per ahaxs; **1 3"- f. ;That the follo*inf shares ef sto* ef ssld corporation hare petusfly keen loaned as baynieat for KJUL <JL TOSOHAL PROTOTT, &IQKIX, FRANCHISE, er fiESVK$l Is aoDordaocoritlgrote ef V ' K - ^1 \ -aharee ed i stack f the par raise of. -dofian per .aharee of ef the per raise of-- -deHart par share; aharee of preferred 3 tad that all the veal sad haring so per raise; l karat so pa ____ , -*. peuperty, asdaU the right! sad ftaiielJiwe, far the pe/seerff ed-- I, CgAKLES T. BLACK, Clerk of Vermont Produc tion Cc. Inc., a corporation organized under toe lawa of tne State uf Vermont and haring its principal, place of business in the City of Burlington, 8tate of Vermont, do hereoy certify that the following is a true copy of a resolution duly adopted at e special meeting of tr.e stock holders of Vermont Production Co. Inc., held at the prin cipal office of the ccrpcretio'n in the City of Burlington, State of Vermont, on the 1st day of February, 1336, at 10 o'clock in tne forenoon, at which all of the stockholders of said corporation were present in person or by proxy: RBSLLVZu, tnat .the proposal of the board of directors that this corporation accept the assignment"of tne'-agreement entered into' cetween. Vermont Xsoestos Corporation and The "Ruberold Co. dated July 13, 1935, and -assume all of the ob ligations of The Ruberoid Co. thereunder, end under any amendments thereof, be-and the same is .hereby ratified, adopted and approved, and " 1 " BL if ~ ........... " ' FJRTnlR KiSCLVLD^ that this corporation pvrehase r.rtc acquire te real estate and assets of Vermont Asoe'stss Corporation as provided in said agreement oetween Tne Rucercid Cc. and Vermont Asbestos Corpora tion, dated July 13, 1935, and any amend ments thereof, end the proper officers of this corporation are hereby authorized to do any and all things necessary on the part of this ccrpcretionto perform said agree ment . V I FJF.THE?: CERTIFY that holder* of sore than two-third* cf the issued and outstanding stock, of said corporation voted in favor of the adoption of said resolution. Dated: Februsry 3, 1936 Clerk. I, 1, V. bParlmd, Clark of bmooct iWiti Oerporutiam,a Toraoct Mi^enMec, boroby oortLfy that tho fcllowlnc it a tru* and ocrroot artraot from tba orlnirhos af a postal hooting of tho fitcukhc ldr of oaid corporation duly uU*4 ul bald at liyAo Park, Yormeat, at oIotoc o'olook it tho foroneon of Psbruury I, ltU, at tilth i fuona u pro#oat. *Aft*r odd. on dkily nai&o tad it u, by 11m affirm tiro wko of the bailors of IOC1.01M abaroe out of a total of IC&4.T181 aharoa of Prior Profsroaoo Itook outotaadlnr entitled to toto, being ora than tr**-thirda (l.o, 1296.4X84 aharoa) of this tlusi, and by tbo affitmtlrr yoto of holders of 41XX.0 sbaroi out of a total af #000 Shares of rrefarrod Stock outstanding ontitlod to rota, being oora than tun-third* (l.o. 4000) shares of thla olaoa, and by the affirm* ties toto af boldora af XO,TTL.O aharoa of C--on 8 tool actshooding ontitlod to rota, being ooro thaa tee-thirds (l.o. IWOt.MW share*) of thla class, Stanley L. Smith, tbs boldor of 1.8444 aharos of Prior Profs rone o atoek, and tba boldar af 10T dam of Prsfarred Itook, and 1ST aharoa of Ceeaon 8took, by bia proxy Itx L. Pom 11, TTtiag in tha DOfutiTs, it | TOTIPi ' .. That aa thla sorycratdoa it Ohio to mot ita liabilitioa oct mtrured, tha oontruot actsrod into bo moan this Oorporatisn and Tha Jtubsreid Oo, mdor 4ato of July If, it88, aa amended July XI, 19M, pmridiag for tbo 1 -- 1 Lato aala of ubotaatlally all of tbo aaoota of tbif oarporatim tooapt finiabod asbestos, tltlo to aortal* of tbo roal ortato to b# in fee olnpls, sdb^eet to He (old and oilror resereed to'tba Itato of omoct or He people tboroof mdor tba original ohartor.of bolTidora, all aa mro fully tot forth in said ooatraot and especially in Sanedalo A atbasWd thereto aa part tboroof, for Tiro Kundred teenty-ftTO Thousand (8X8,000) Dalian lwn.ons ar a r4*f Tiro Hundred Thtnw--d ' (100,000) Dalian,' depending on tbo amount paid to the Tram of Beloiter*,- oaab, plua tbo ooot to thla corpora-. ''T ,. ^ tlon af sobs, explosives and bap for shipping fimlohed^. aoWotod -oa band the 4y of paadj^ tltlo, mot 0T0SidlT\g._T .'..tbo aggregate im-of. Thirty Thousand (80,000) Dollars, is authriapd,-approt*d ^andfrptWljfd^ao. ookporuto aotism,. blading this sorporation) and an' original di^dleabo af aid oontruot and <ho said uondml tbarrbo ia to bo laoorporatod ia tho rooordo ao part of this rots mod to bo part tboroof aa if'fully oert forth therein. rUTTHEX TOTKPt " That tbo prapor offlooro of thla corporation aro hereby authorised and dirootod to oxcarts on behalf nf tbla oor. poratloo and mdor its oorporato ooal all maoooor/ 4oo4a, bills of aalo, traaoforo or a^r rtbor 4oomoots rosds| to a corporation aoodaabod by oaid Tbo buboaold Co, and omttiarlied to 4o buolnoos ia Turooul, and to deliver tbo wo ia eooerdmee rith tho term of oaid oontruot on roosdpt of tho oonsldorotdon Ifaoroia provided, or to tabs any further ustion uhiob may bo ealled fur by oaid s s lire ft or *loh nay bo aoooooary to oarry out ita prorisl--, ^othsr spoaifioally snartieoed la mid contract or ia to entire ttsirshiB of cold offloors osaal I sc* I bo .bo . niAiui rVFTHE.f AFTIRKATITnLT ANT UXANIVOOnLT TOTTPi That lanodiatuly on tol* *orp oration r**iTlr* tii* wasidwatlon fro* to* ail* by It to to* ttI mi *f Th* KuWrold C*., to* nrraaorar 1* a*rth*rla*4 aod dirrrtod to pf off fartoaito all n*ta* aad *th*r obligati aoa *f thi* **r / poratlaa." ,, A Tru* Copy, Attoati *>' nrlr.i (-or jiorn*'*' 3 rr ) 1 blade* Z furtoor #rtify that to* following la * tru* aad ocrrort artraot fr*n to* byl*oo of Tomcat Aaboatoa OerponaHoti, a Tamest aorporatlaat ;, * , *imcu; vizi. `. joA-frbai4irt . j - .=; - a ' "Aay'VU*Proci4st aba.ll porfora to* fertlaa-ef to* ?r*ld**t 1* kia abaaaaa 4t during Ala Inability toart. Aay aattaataki "by a Tl*a-Pro tdmt in' ite. jwrfenaao* of to* ditto* of to* FtmI* dost Ohall bo oomlu^ir* frtAaaao *f to* abaaao* r lnabtliyto act of tb* hraaidcafc at to* tla* ru*h aotieawa* takan* to* Tt**fr*bid*Bta aha 11 aloe bar* **fc rth*r and furlbar Autiaa aa *ay V* **rlga*4 to tb**# raamctlraly fra* tl*o to tl*a# by to* board of Xlrartort ar Prvaidtot.* A Tnt >apy, M- * V< ,.**,*r T'orato r.erl ) UiAV I , &41CUEL D. VAE V1.ET, Secretary of VEfikCSl rwCDUCTILE CO. LEC., do hereby certify that tht annexed instrument* axe true copies of an agr*<-ient entered into -between VERMONT ASEEST08 CORPORA! :uS and TiS RJBtRCID CO. under date of July 19, 1935, and of an assignment of aaid con tract v. VIRKCST PRODUCTIOS CO. ISC. VITEESS 7 hand^and the seal of the cor poration tcia 4th day of Eebruary, 1933. ' , /fAORTli^IT aids as of tbs ^ day of /*4 1 i // '\ ' .% between TTRMOrT A3BIST08 OORPORlTIOI. a Vermont^Corporation with It principal office at Hyde Park, Laaollle Oounty, Vermont (hereinafter oalled ^Vermont*), and THI RUBTROID 00,. a lew Jeraey corporation with lte plaoe of bueinaei at 500 fifth Avenue, lew Tork City, (hereinafter called Ruberoid1), , In consideration of the execution hereof and of other good and valuable consideration each to the other in hand paid, the reoeipt of whioh ii hereby acknowledged, Vermont and Buberoid represent and agree ae follows! 1# Teraont represents that it has oertain interests in real estate in the-State of Vermont, loo&ted in the Town of Sdcn, Laaollle Oounty, together with Bill buildings, machinery and equipaent, motor trued:s, auto mobiles, 'eleotrle and stecs shovel, tractor, eleotriesl equipaent, telephone, furniture and fixtures, .supplies and oertain other tangible personal'property.loeated on and . ` * \* *f . . , . ' ; S'* used ih oonneotion with said interests in. real estate, f lnoluding'wsxehoy.se and- lease of the land thereunder T - -.* . |-V- : ` | located.in Ejrcie`Park, Leaoille Oounty, on siding of 8t 'vi . Johnebury.and Lake Champlain Hallrpad, and said property, without limiting the generality of the foregoing, is more speoi^ioaiiy' ehoirn on Sohadule 'A^aitaohed "and made 'part hereof; and Teraont further oovenants that it will (pro* vided that the aggregate oost to it of such action shall not exceed fifty thousand (f50,000) dollars and that it oan obtain the fees hereinafter in this paragraph *1* I described) oaiee to be taken the eotlon neoessary to vest | in it title in fee simple absolute, without encumbrances, to the reel estate shown on Sohedule *ia as _ (*) The University of Vermont Lot In Lot 162, (b) The Belvidere Ooepel Eight Lot in Loti 162 and 163, and (o) The Old few Ingland Lot; which it part of the Be Itider Town School Eight Lot in Lot 163, and Vermont further ootenants that thare hare been enacted by the State of Vermont valid aoti authorising the proper publio or quasi-public author it in to oonTey to it title in fee ilmple absolute, to the three lote laet above mentioned. Vermont represent! that it ie in possession of the real property designated in Schedule *A*, hereto attached, as Items 1, 2, 3, 4 and 5, and t'bat Paroel 2. shown on the'plan1 annexed to-Schedule *A* * is .oontiguous . with.'pjkrceie 1 nnd 3 shown on said plan. That Parcel 3 1. ,1 , . t ahownVon said plan is' oontiguous with Paroels .2 and 4 'shown -da said .plan,"and''that Pafoel' sbowrn.on said plan Is contiguous with Paroel 1 thown on said plan. Vermont ,JI . .* t ' * % t . * alee. represents, that it has no interest in any real estate father'tiaan that, slaown in Schedule "A* hereof. Vermont also represent* that it usefc the name "Termont . "11^ ******* '4'4W'4j <i.k i N, Asbestos* in its oorporate tilled" * - -I- -j.ijb.i* mph wmmmmim r- f4i<*UjltlalW#*l/ > 8. Bubjeot to the provisions of paragraphs l 10 and 11 hereof, Ruberold agrees to puxohase the prop* erty described In Bohedile 'A* when Vermont has obtained i title in fee simple absolute, duly authorised by valid' Acts of the Statp of Vermont', without enoumbr&soes, to the real property shown on said Bohedule "Av as ( (a) the University of Vermont Lot in Lot 168, / (b) the Belvidere Ootpel Right Lot, in Lots 168 and 163, and (o) the Old lew Ingland Lot, whioh is mart of v the BelTidere Town Bohool Right Lot in i Lot 163. \ Vermont agrees to sell all of said property desoribed in i ' [ Bohedule "A1, and also all further rights therein acquired \ l pursuant to the terms of this oontraot, ,for-the consider** *> ition hereinafter "kentioned. *>v *' ic r :l i - .3. . Ruhe'roitf agrees,'to pay for all ,of said - li' property ahown-on Schedule-:?A* hereof, the sum of five VI [ hundred, thousand- ($500,000) .dollars,' in'-oaeV or by-oert- r ified 'dheok, payable; as fpllowsJ ' Tour-hundred fifty i thousand ($450,000)`dollars on the passing of title here* S. * 1 . :*' A* r *V y*'.V .under, u --* -v-i 1 and:fifty-thousand.;($50,000) t - t t./v' - \ 1 s. V * w1*-*.**. ^ dollars -six (6)*ponths '***ai.-** * '** ' v*- : 1 thereaftsr, provided, however,.that said last mentioned ?I sum of fifty thousand ($50,000) dollars is to hs held by t Ruberold during suoh period as seourlty for and to j 3- lndamnlfy It against any olalms ox tnj qaiuio * whloh uj be asserted by way of lien or otherrt.es against any of the assets herein agreed to be purohaeed by it froa Vermont, and/or any olalms asserted againet Rubsrold by reason of any aot or oais* on of Vermont. A. In the event of the purohase by Ruberoid of ! the property desoribed in Sohedule 'A*, Ruberoid shall i purohase all ooke, exploaivee and bags for shippizig finished asbestos whioh are looated on the prenises of Vermont as of the day of passing title. An inventory thereof shall be made, by Vermont, assisted by Ruberoid, and the prloe to be paid by Ruberoid shall be the oost prioes to Vermont, and payment shall be made in oash within ten (10) days of the date of completion of the inventory, less a oredit of One thousand (|1,000) dollars. Provided, however, that the amount to be paid by Ruberoid for ooke, esplosivea and bags under thisparagraph shall not ezoeed the aggre gate sum of thirty thousand (t30,000) dollars. ,5. At the time of pasrtng title, all current ' '**%.*, * **( land-taxes,;rentalSj ineuranoe end mine payrolls are to.be i- : r'" ' prorated as of that date and adjusted-on,the olosing, but .. *i ,; * :* . * no other .obligations of. Vermont of any nature are to be r,. ; . .I assumed by Ruberoid. Jsrmoijt, .promptly after the passing V . .* !.* / . . * .,4 of'title,, will pay all amounts due froa it to Publio - ' * - ^ledirIo`H'gfh't` OoStpanynanif'`ithrr."~Ruberoi-dwin-megotiate' a new eontraot with Publio Xleotrlo Light Company. 6. All title to flniehed aebeetos le retained by Vermont and Vermont shall have free storage in the mill premises at Xden for all rooh finished aebeetos on band at the dats of passing of title, and free aooess during | reasonable business bear* to reaore tbe iui, and ihall [ hare the me privileges at tbe warehouse at Hyde Park, ( Provided, however, that the free storage apaoe herein re- ; ferred to ehall be dssignatsd by Buberoid and the right * suoh free storage ehall terminate on the lBOth day folio* \ lng tbe passing of title be minder, I< ^ 7, Upon the passing of title Teraont shall #: j hlbit and permit Ruberold 'to examine any oontraots and l 1r . ? oocBoitaents. for the sale of asbestos fibre 'that Teraont i - . ' aay hare| and Buberoid, if it desires, nay, with Teraont1 oonsent, without additional ooapensatlon, take over , Teraont1 s Interest In said oontraots or ooamltaents pr>- ] Tided it agrees to fulfill all Teraont1s obligations thez i under. t 8, Teraont represents that after tbe passing title under'this agreement it All hare substantially no fixed assets and that it will be dissolved as speedily sa | possible,..and Teraont shall take, osixe ofx'all present.and % futur* obligations to its own stockholders and others, f V 1 * j* .and expenses .of-liquidation, . ` ' V>-V:;'Vv , : .. . *1.' * - I V^r-.'9# Title to:the assets to bb oonreyed bereunc shall './tie*taken by a Corporation authorised to do business L. under the laws of the. State of Teraont, to be formed by i Buberoid, which corporation shall bare tbe right to use | 'Teraont Asbestos* in its oorporate naae, and Teraont wil | assist Buberoid in obtaining suoh oorporate name for suoh .?_oorporation,_and will, at least thirty (SO) days prior to .j passing of title hereunder, execute any instrumenti:whieb \ aay sbe necessary for suoh purpose. The amount paid by Buberoid for uae by Buberoid and/or euofT new* corporation -5 \ of.tbena*s ^Vermont Asbestos* ii one thousand $1,000) dollars, whiob 1b Included in the total pursue prioe named herein. If Ruberold shall eleot not to aoquire tbe i right to use tuob name,'it jshall he entitled to a refund of-one thousand ($1,000) dollars, to be deduoted from the total purohase prioe of five hundred thousand ($500,000) dollars agreed to be paid hereunder. 10* This agreement shall not be binding on Ruber'oid unless: (A) At the date set for oloslng of title Vermont has obtained title in fee simple absolute (duly authorised by valid Acts of the Btate of Vermont), without enoumbrcnoee to the red. property ehown on Boheduls "A* hereof as (a) the University of Vermont Lot in Lot 162, (b) the Belvldere Ooepel Bight Lot la Lots 162 and 163, and --TJ (o) the Old lev Kurland Lot, which is part of the Belvldere Town School Bight Lot in Lot 163, and . (B) All of the property described in 8ohe'dnle aAa is free/from any and all liens or enoumbrazsee of any ;oharaoter whidi. may have -beoome a lien against said .property p^ior to.the date of the passing of title, exoept land tares-for the/year in which the passing of title oooux *iiqh laid'tare s'are td.be. apportioned asherelf wet forth 11 Vermont shall oommenoe forthwith in a oourt of oompetent Jurisdiction, an actlon(ln which all neoessar] and proper parties are joined) to procure a Judgment to define and establish the rights and interest of Vermont in and to the real prop rty shown on Bohedole -6- e *1* hereof as (a) the University of Vermont Lot In Lot 162, (b) the Belvidere Oospel Right Lot, in Lots 162 and 163, and (o) the Old lev England Lot, which is part of tbs Belvidere Town Bohool Right Lot In Lot 163,' ' / *,. including the validity of any statute affeoting Vermont** interest or rights therein# The Judgment in euoh action or actions shall be reviewed by the court of last resort , in the State of Vermont and a oertified oopy of such final Judgment shall be mailed to fcuberoid at 600 fifth Avenue," Eew Torh Oity. If the final Judgment of such court of last resort in such action be duly entered on or before Deoember 31, 1935 and shall declare that Vermont has a good and valid title in fee simple absolute, without sn~ cumbranoee, to said real estate shown on Schedule *A" hereof, as , (a)., the University of Vermont Lot in Lot 162, * - '7 (b) the Belvidere Oospel .Right Lot, * in Lots 162 end 163, and' 5- ** . .r . `the Old'lew England Lot, whioh is part \x' of - the lelvidere To.wp -School Right Lot. in Lot' 163, '.V- `.v v- -\.*` ;i f .* and has ttV-rlght its-oonvey the eeme -in eccprdapoe<Vith the . . ..V' ,r *; terms hereof, or'if--such final judgment shall'deolare that.r * ' ' n. y t . * 0 ,* . .. *? * . ' ( i ( *. * 1 ^ the owners pf record of the" fee iimple of such three' lest mentioned lots as of: the. date'hereof, have the unrestricted righty "power iand aut.jMTity to convey the seme, end that euoh owners of record have given to Vermont valid options to purohase euoh three last-mentioned-lots, end if euoh .. . . ' - J_ > y< final Judgment shall further deolare that upon Vermont zeroising euoh options upon the oonveyanct to Vermont of ths said thxe* last mentioned loti by th* parti** giving uoh option*, Vermont shall bar* a good and ark*t*bls titl* i j in fee simple absolute, without enouabrances, and the right ! to oonvey th* sue in aooordano* with th* terae h*reof, ! and if Buberoid shall male no objeotion under aubdlrlaion i B* of paragraph *10* hereof, then title shall be closed J. hereunder on or before sixty (60)day* after the entry of ! j 1 ruoh final judgment of the oourt of last resort of the \ *. ' * ' - * * i State of Yeraont. Yernont agrees to proseoute diligently -f | to final judgment as aforesaid the aotion hereinabove r*- | ferred to. Buberoid will bear the reasonable expense of I 8 such action to the extent of a sun not exoeeding $5,000.00. | If such final judgment of such oourt of last resort shall j not have been entered on or before Deoeaber 31, 1935 then Buberoid and Yeraont shall be entirely relieved froa any and all liability or obligation hereunder, unless actually agreed otherwise, except that if in any such aotion an appeal froa the Judgment of any lower/oourt has been finally submitted to .the court of'last resort of the (ftaie of Yeraont; prior to Deoeaber 31, i935, and suoh court shall . not. have rendered :it.deoieioh therein by Deoeaber 31', 1936, it Is1 agreed that-the'.time fox closing of title-hereunder / ' 'ahail be extended to a date sixty (50) days after the date ; of entry of`suoh final Judgment, but in no-event beyond 'Jdly%a*SI*-nt;' tbb .iamr..apd,placeifp5^fied.; i*.phxagrajp,:, 19 hereof, but if fox any reason whatsoever such final Judgment shall not have been entered on or before July 1 1936, then Buberoid end Yeraont eball both be dleoharged and relieved froa any obligation or liability bexeundar. \ j '$b'-y,ZYIX . j If the said final judgment of suoh oourt of last resort j in auch action shall not declare that 7cment has good f Talid title in fee staple absolute without encuabranoee, f to said real eBtate shorn on Schedule 'l1 hereof as (a) the University of Teraont hot in Lot 162, ? (b) the Selridere Gospel Bight Lot, in Lots 162 and 163, and (o) the Old lew Ingland Lot, which ie part of the Belvidere Town Bchool Bight Lot ih Lot 163 and-lias the right to convey the ease in aooordanoe with the tens hereof, or if suoh final judgment shall not de- olare that the owners of record of the fee simple of suoh three last mentioned lots as of the date hereof hare the unrestricted right, power and authority to convey the ease , and that suoh owners of record have given to Teraont valid j options to purchase suoh three last mentioned "lots, and \! if such final judgment shall not declare that upon'Teraont "I exercising euon options and upon the oonveyanoe .to Teraont.:. j r\.y<f ' -I- " "J-; 1 ' * . ~ ", !'! of the said three laet.'aent^oned'lot^ by the parties'giv-: I . 1 - * i lag wuob. options,-Teraont ahall have a good and marketable..;*. ^ . . .1 < { * r , * .. .1 r; title :in fee simple absolute,; without 'isDoumbrances, and;- v 1 V. ' -- the right to oonyey the same-in'acoordanoe with the termed ' t*,f * ' ` . .* .' ' . ' hereofi` then Buberold and Teraont ,shall, be entirely ***?.,.; K / ;* . t 1 e. 1 *j J. l *' *. , , - .* *. I . * * * I lleved from;.any and.all liabilfty'and dbligatione here-> * , .`' l i ' * i- . ** V.'uader, except Buheroid shall not be relieved from ite-**'\ I- agreement herein oontained^to^Vbar'I'till I'ea^bnab'le ei^** **V'rv/ penes of. such declaratory judgment action te the extent?, of a sum not exceeding $5,000*00* -e- .12. All irstruaente to be executed and dellrered by Vermont at the oloalng of title hereunder to ; 1 ! ooneuarate thle contract ehall be good and eufflolent to eat In Ruberold title, In acoordanoe with the teras i ; hereof, to the real and pereonal property shown on Bobedub i A* hereof, and all euoh Inetruaente ehall be duly exeoutei \ i acknowledged and stooped so aB to be aooeptable for public reoord, at Vermont's expense. j r IS. The property cowered by this agreement is to be oonreyed in its present state of'repairj reasonable wear and tear and damage by fire or aots of Ood excepted. Vermont will oarry, to the extent obtainable, lnsuranos against' fire on its buildings and equipment for an aaount of |150,00000 and la the erect of fire haTlng damaged the I | buildings and equlpaent, Ruberold, at the tlae of passing title, ehall bare oredited to It by Yeraont on the pur chase prloe all Insurance monies reoelred and ahall bare . * assigned to It all monies to be rsoelved in connection 1 nth. such fire.or .fires which hare not.been applied In re- i '^airing' tte daaaged premises*. ? ,-/* ' ' - i \.r 1 ,:. a, im f,; , '-14*(.. Tbls-'eaie borere all right, title and -/ : ,.interest -of Vermont ofVia and' to ahy'land lyingih' the.' bed; l : . ... ,.-|H f i' ' :1 ** of :any street,.iroad.or.areaue,' opened or proposed, la front ^ " of or a^j olnlag sald premiees,-to^tbe centre line thereof,-. ( and ail right, >tltie .and*interest of Yeraont in and to any . -i . * * ' ., *; v ,' ......... io award made or to be made in lieu thereof, and in any award t *'for damage-toaid premises, by r.eason -of^ohange of grade \ i of any street; andm Yeraont will execute and deliver to Ruberold, on doting of title, or thereafter, oh demand, all proper instruments for the conTtyanoe of tuoh title and the assignment and oolleotlon of any moh nard* 16* If at the time of the passing of title any of the premises or any part thereof shall be or shall hays been affeoted by an assessment or assessments hloh are or may beoome payable in annual installments, of which the % first installment is then a oharge or lien or has been' paid, then for the purpose a of this oontraot all the un paid installments of any suoh assessment, including those whio'u art to beoome due and payable after the delivery of the deed, shall be deemed to be due and payable and to be ;V liens upon'the premises affeoted thereby and shall be paid and discharged by Tersont upon the delivery of the deed* "^ 16, ill notes or notioes of violation of lam t ' ' f t or munioipal ordinances, orders or requirement* no^ed in * or iseued by any State, or Municipal'.Department/ Bureau Or t, r 't . | Body, havingijurlsdlotion against'or Sjffooting the premisw ; >v* V .''`I f ; ` '* i ,.U eit the da^a'/of passing of title j 'ahall'be ooaplled with'by I ;) t , .-.J *, ` - e- Vermont and the "premiseshall be "-iJopveyed frde of the ise /or-at'.the option of Vermont/"Ruberoid may perform tht t work and furnish tho.materialsneoeeeary.to oomply with. | _ .; ... . . j the ime and'' the "aoat .of snob workand materials , not ex-'- , | oeedlng the aum; of,.teh Ihbuaand ($10,000) dollars, may be ! deducted by Rulrbid'frpm the sum of fifty thousand' | ($50,000) dollars to be paid aubjeot to"the oonfit'iona hereinbefore provided, by Ruberoid, six (6) months after 11 j the passing of title. Vermont shal] furnish Ruberoid r ; with an authorisation to make tba neoeesary searobee tbara for. i | 17. Thie agreement also shall not bs binding 9 on Ruberoid unless approved by its Board of Directors. ! *' - f 18. This agreement shall not be binding -upon k , * l Vermont or Ruberoid unless it shall have been approved fc l and authorised bp Vermont's Board of Directors, nor | un.ll all proceeding* nsoessary to enable Vermont to sell J ' i said property have been taksn bp it as required bp and ir | in acoordanoe with the laws of the State of Vermont. | Rroperly certified oopies of the resolutions of the 3 j Board of Directors and Stockholders of Vermont shall be j furnished Ruberoid as speedily as possible and in any j event thirty (50) days prior to ths date of closing title. 19. Subject ,to .the provisions of paragraphs 10 and 11 hereof i and subject to an earlier- closing pur suant to and under the provisions of'`peragrapb 11 hereof* title shall be closed.' ahd all: instruments delivered at !V ., ` - ` * * the Land fieoord`! Of fj-oe, of the Town, of Xden, Lamoille. t ; ' - County, TerBozjt, fdu, Deo ember 51* 1935 at 18 Boon (Eastern Standard, tic**] M' eal4 offioe is not open at that hotr , then the next hour that it is open on that day* or the next day not a legal holiday, or at any other place mutually agreed upon, or upon such earlier date as may be mutually agreed upon. - 12 - 80* Vermont represent* that at the date of this agreement the total amount whioh It 1* obligated to pay by way of annua] rental, royalties or other ohargee, other than land taxes, as to eaoh ltea of property deeorlbed in Sohedule *i* i* as follows: (a) University of Vermont Lot - $250Q annually, due January 1st.eaoh year in advanoe; (b) Gospel Right"Lbt - $17,50 annually,due January 1st each year in arrears; (<0 8o-oalled Old Yew Ingland Lot, which is a part of the BelTidere Town Bohool Right Lot - $17.50 annually, due January 1st eadb year in arrears, whioh rental also oorers that portion of the Brown Lot whioh lies in the BelTidere Town School Right Lot; U) The Brown Lot, whioh is part of the eo-oalled BelTidere Town Sohool Right Lot and part of the Lamoille Oounty grammar Bohool Lot. on whioh the annual rental is $8.0u, due January 1st eaoh year in arrears; f U) Rental due under lease described in \tern six of Sphedile X - $88.50 annually dn Janiary lst eadi y^ar in-advance; ' ' v if) Befatal under leaees deeorlbed ln-itaa' ten of Bobedule *1* -,,$30,00 annually, due July let eadi''year in-advance. V ' '' .'81* .- ^Thia agreement constitutes an entire^and,.: inseparable contract and .if for any. reason Ruberoid shall 1 * . . .i ; t; '* . - . * .; .. .* * .. ; be entitled to refuse to .take title to any of "the prop erties da aoribe^ 'tn'iohedule 'A' "and Ruberoid ahall refute to take wuoh title, then, at the option of Ruberoid, this agreement shall be and beoome null and old sf 22. Without In any way renewing or relearnlng Ruberold from the performance of "the term* and conditions of this oontraot, lnoluding the -obligation to pay the consideration herein expressed, Ruberold aseign this contract to a oorporatlon to te formed for the purpose of taking title to the properties and assets herein to be sold, and this agreement shall be binding upon and enforceable by the euooessors and assigns of Vei-mont and the euooessors and euoh assigns of Ruberold# 23* In addition to all its other rights hereunder Ruberold may by a notloe in writing mailed to Vermont on or prior to October 1st, 1935, oanoel this agreement without obligation on lti part exoept for the obligation herein oontalned to bear the ... ' *: j ;.' Mn .1 i ' ; - reasonable -expense of the declaratory judgment motion"-' herein mentioned to .the; extent;-of V'eum not exoeeding ' : 15,000.06.. 'X. \N JV : V* IV IIT1Z88 IESRZ07, this agreement is.executed in duplioate; ae`of -the-day and year first shore written by i r <( ' > * * 4^ 1 w w M ise - 14 - *5."- -. hereinabove called j Vermont and TI2 KUbiROID 00* , hereinabove oallad | tfuberoid*, by their respective Presidents or Yioe Preal- ! nts thereunto duly authorised by their respective i j Boarda of dreotori and under their reepeotive corporate , seale and attested to by their reepeotlTe Clerks or 8eoretaxiea as the oase say be. I TOWOIT 18BIET0S 00HP0RATI0I, In Preaenoe of: "-^4 L(k 'i/Y\JLh. ~^.ujLa\,L fs // nt v t/VW, *X jjJ-trd/jynA/ Ac to Yeraont Asbestos Corporation. ATH8TI jnLterk. sssc" 1 /JxjX) J ` TBl'lCJBIROID XJO* , ' Presence of: /, ' c/? fcA ^ President. ` /ft ^l^v V*v Is to The Ruberold Go. // j,, ^ "=c5iSiS? ( couiTi^r^'--....--* -r--- -t On the /V/^' f personally oaae of 0t 1935 before se /^,-wZt^y | to as known, ^io being by ae duly *eworny Aid. depose and mlj that he resides in ( 'J<1*-' fC*. \ b t r>^7>vri^/ that *hhee iiss tthhee Oxt^fU^s '' 1^/ of TlHhOIT 15EZS708 OORPORlTIOI, the corporation deeoribed in and vhiob exe- outed the foregoing agreement; that he knows the seal of aald corporation; t^at the seal affixed to said agreement `/ ' - ie such oorporate seal; 'that it was so affixed by order of the Board of Directors of said corporation and that he signed his name thereto by libs order. C/ j/rwyrvrbi U (/rC&As at1' TATI 07 ITT TOEE \ oouxtt or nr iobe ssj On tbs ??^day of July, 1935, before as per- ! sonally oaae EEEBZRT X2BJ2X3L,' Vo as ' Jcaown, wbd, b*ia* by i \ * ; . ' >| as dyly.*,eworn, did Aepose and.say that he resides la,, the Borough'Of .Manhattan, City, County and State of lew tork; that'he is the President of TEX HU2IR0XD 00.# the .corporation dbeoribedin end whioh.' executed the foregoing *? .-agreea*nt; that he knows ^he seal of said oorporatlon; * ^ * * .* that .the seal affixed to said .agreement is wuoh oorporate *TeiJ^ t1aa^`iiV,'*ae'<so,`if ^ibd"bf 'b'idtf-Of thevBhard`rof'r',` * ' Directors of said corporation and that he signed hie nswe thereto by like order* /% / --j *-*nsuu <ivy f) iL - ) y is * Jo /9~3T. Wz V** rP.'r '/?-&. iL.-vivK^>ii'a'to i u o '^i/vinrufiAi ium llJD THE RUBER31D CO. , DATED AS 0T SCHEDULE A 1. UNIVERSITY-OF VERMONT LOT Eeglr.ning at a granite monument eet at the uorth- eaot corner of lot 162, said aor.uaent ie on the town and county line between the town of Eden In the Countv of Lamoille ana the town of Lowel) In the County of Orleans, wrucfi town anu county line fom the northerly boundary of lot 162 nnd the lota shown westerly thereof set off froa Belvldcre to Eaqn 1862 by a .special commission. j3aid lot 162 includes the'University' of/Vermont lot 'so called and a part of the Gospel Right Lot eo called. Thence running S. 43 24T K. 3165.5 feet along the easterly line of lot 162 to a granite monument at the northerly oorner of the triangular piece of land formerly owned by H. C. Parker. Thence in the same general direction along.the easterly line of lot 162, in a straight line, approximately 2200 feet, more or leee, to a granite monument at the southeast corner of lot 162 which point is the eouthwe6t corner of the Rivera Farm. Thence turning an angle towards the north and running II. 43 26* If. 1485 feet along the aoutherly boundary of lot 162 to a granite monument set at the aouthwest corner of the University of Vermont Lot ano the southeast corner of the Go6pel Right Lot. Thenoe turning en angle towarda the north ana running N. 44 6* . 5260 feet to a granite monument on the town and county line, which ie eet at the northwest toner of the University of Vermont Lot and the northeast corner of the Gospel Right Lot. Thenoe turning ai\ ^nele towards the east and running along the tovn and county .xb'e".l485 feet to "the granite monument at the point.of beginning #* Aha northeast corner of lot 162. . . " U BELVIDERE GOSPEL-'- RIGHT LOT Sr v f V The. so-^callsd Ooapel.Right Lot, in the Town Lamoille County, Vermont, being: all ..the land which of Idan, lies be--- tween the so-called Old hew England Lot and the -so-called University, of Vermont Lot; said Uoepel Right Lot extending southwesterly 'from'the .town And county line between the town of iuden;. and the County .of Lamoillli and the town of Lowell, in the "bounty of Orleans, (said town and county line ^forming the northerly boundary line of the so-oalled Ooapel Right Lot),.'ana between'and entirely along, the o--oalled Old Hew England Lot and the:Unlveraity of Vermont Lot. , r* hsr tbi: which is part of the so-oalled Belvidere Town School Right Lot. Beginning at a granite monuaent set at the eoutbwesterly corner of the Oospel Right Lot and the southeasterly corner of the ao-oalled 01c Sew England Lot on the southerly line of lots 162 to 169 inclusive set off from.Belvidere to Eden in 1862. 8eid noint of beginning is also marked by a 1 inch iron pin standing in the ground beside eaid granite [ r 1 mmmmmmsffm monument' and it taped K.E.A.M. A M. 00. (aald Iron pin accoinc to the surveyor's notea was aet In position in October L 1901). Said point of beg.* nnlnp la BO rode westerly from u the southwest oorner of t h. Univeraity of Veroont Lot. Thence N. 43 26* W. 872 fiet along the eoutherly boundary t line of lot 163 to a granite monument at the southwest com i tne eo-o ailed Old Kew England Lot and the southeast corn . o.f the eo-oalled Brown Lot, 'hereinafter described. (Bald j corner la alao marked by an Iron pin whioh waa aet, accordl ( the surveyor'a notes, the aarae day aa the Iron pin prevl ij ly mentioned.) Thence turning an angle towards the north v and running N. 48 30' I. b200 feet to a granite monument a S the northeast corner of tie so-called Brown Lot. (Said corn* [ is alBo marked by an iron pin which waa set, according-to ' the surveyor's notes, the same day a6 the iron pine prevloui ly uentioned.) Thence turning an angle towards the east anc i running along.the Lowell-den town ana county line 1190 feet t to. granite monument'at the northwest corner of the Gospel j; .Right Lot. (Said corner Is alao marked by an Iron pin which j was set, according to the surveyor's notes, the same day a a H the iron pine previously mentioned.) Thence turning an j angle towards the south and running S. 52 05' W. 5225 feet 4 to the granite monumentat'the point of beginning. 4. THT BO-OALLED BHOWK LOT, whioh is part of the so-called Belvidera Town School Right Lot and part of the Lamollla Oounty Grammar Sohool Lot. Beginning at a granite monument aet at the south westerly corner of the so-called C'.d hew England Lot, above described, on the southerly line of lot* 162 to 169 lnclueiv set off from Belvidera to Eden' in 1868. Said point of begli> ning la also marked by a 1 in. iron pin standing in the grow beside said granite monument and stamped V.E.A.H,-6 it. CO.) Thenca S. 43 26* V. 1416 feet along the southerly'boundary of lots 163 and 164 to a granite monument. Thence turning az angla towards the north and running K. 48 25' X. 6191 feet to a granite monument set on the Lowell-Iden town.and county line. Bala granite monument is'located 36 fast northwesterlj of a spruoe tree whioh when the mark waa cut Cut the. chip indicated that it was marked .by the surveyors, when the comaii 6ion aet off ^he lota frbm the town of Belvidera to ths town of Eden <Thence turning an angle towards the east, and runnir along said town 'arid county lint 1410 feet to a granite monu ment at the. northwest oornsr of the Old ifew .England Lot. Thence turning an.angle towards the south and running 8*48 30* 6200..feet alonfc the Westerly linn of the* Ql-d jSew Y In'gland, lpt^.to the granit#'monumen'k ;/at .the point of .beginning Reserving and excepting thb mineral rights on ths said parcel The above paxoel is held under perpetual lease - part of the same from the town of Belvldere, being town school land and a part from the Lamoille Oounty Orammar 8chool. 5. RIVERS TARK Beginning at a granite monument at the northerly corne of the triangular piece of land formerly owned by H.C.Rarker, situated in the easterly line of lot 162 (which la tbs easter ly line of University of Vermont Lot above described) distant 3165.5 feet 8. 43& 84* west from a granitejionuaent eet at th -2- northeast oorner of lot 162, which last mentioned monument Is on the torn and county line oetween tne Town of Iden In the County of Lamoille end the Town of Lowell, In the County of Orleane, which town and county line forme the northerly boundary of lot 162 end the lote shown westerly tnereof set off from Belviders to Iden 1862 by a special commission. Thence turning; an angle toward* tha^ south end running south 10 30* eaet 801.0 feet along the easterly aide of the land formerly owned by the said Parker, to a granite monument on tne northerly line of the River* or Shovsr rare eo-oalled. Thenoe turning an angle towards the east and running so.ita 50 49* eaet 1963.2 feet along the northerly line of the Rivers farm to a granite monument at the northeast comer of tne Rivers Perm. Thence turning an angle towaroe the south ano running south 39 85* west 1057.0 feet along the easterly line of the Rivers Farm to a . granite monument at the eoutheast corner of the Rivers Farm.' Thence turning an 'angle towerds the west and running north 51 551 Kest 907.6 feet to a granite monument set near the highway psBeing through the Rivers Farm. Thence turning an angle towards the south ana running south 13 45* west 717.0 feet to a granite monument neer the highway passing through the Rivers farm. Thence turning an angle towards the west and running north 49 29* west 2236.-6 .feet along ths souther ly line of the Rivers Farm to'a granite monument at the southeast corner of lot 162, which point is the southwest corner of the Rivers Farm. Thence turning an angle towards the nortneaet along the :eaetexly line of lot 162# approximately 2200 feet, more or less, in a straight line, to the point or place of beginning.. i 6. Vermont owns this pare el.in fee. R7GKT TO KIRI AS5E6TQ8 Perpetual lease from the Town of Belvidsre to ths Vermont Asbestos Corporation, dated September 10, 1932, re corded Eden Land Records, Book 22# page 208# annual rental $82.50 due in advance-January 1st in each year purporting to grant ths right to mine and raaovs asbestos in the so-called Gospel Right Lot and the so--oallad Old Raw Ingland Lot# and in so muon of ths Brown -Lot as is included in the Belvidsre Town School Right Lot. ' t ?. PIK CORF IRS PARCIL A paroel of land and any buildings thereon# situated in Iden Corners,' Vermont, approximately thirty (30) feet V wide and thirty-five (35; feet long on the 8bovsr Road, con rrr veyed by December I. C.' Bhattuck to Vermont Asbestos Corporation 17, 1932, recorded said. Land Reoords, Book 19, page 481. . Vermont owns this parcel In fee. ' ^ ......... 6. -r ' ' y:Ari i-eTL1; 1 Ui~TEkL't'T Vf- - t-f* r* . p' ni xlfbta under agreement dated March U, 1935 recorded Idea-Lan4 leeerli J>ok It, IU#jU. wpect t Parker and Btearns Lot Ko. 159 in the Town of Iden, leading j from Lot 135 to Brown Lot of Veraont, dated 12 October, j 1933, ec.iyded said Land^Recorde, _Buok 22* page,217. 10. LEAST FROH ST. JOENBBURY & 1 LAKE CKaMPLAIK RAILROAD Lease froa 6t. Johnelary & Lake Ohanplain Railroad of land unoer and surrounding warehouse on railroad aiding .. at Ryde Park, Veraont. Renta.. $30. per year; Bald leaae 5 expires July 24th, 1939. Alr.o Vermont1 rights in ware-- L house building built by Veraont, and equipment on e aid land. t j.1 11. TELEPHONE LINE8 AND RI0HT8 OF WAY j THERErOR, IF ANY____________ . [ Approximately three miles of pole and 'telephone line i: and equipment running in a general southwesterly direction >: froa the office of Vermont to farm known ae Ohace Farm, and all right's of way and easemeate of Veraont in respeot there of . Ij 12. KISOIlLAFEOUg- | The buildings on said interests in real estate and I tangible personal property as follows; All buildings, ` structures, machinery, tools, spars parts, equipment, stores, j furniture and fixtures, and supplies of every name and nature, and all other articles of tangible personal property r (including deeds and other instruments and records and ; correspondence relating to any of the property herein de scribed), except finished asbestos in bags and coke, ex-< : plosives and bags for shipping finished asbestos that way be ! located on the premises of Veraont in did Eden at the tlae i of passing of title, and excepting also all cash on band and j in .banks,.accounts and notes receivable, corporate charter, .< securities, books of reoord snd account and correspondence. : Also all.motor vehicles of Veraont consisting of 1 Holt i; tractor `and snow, plough equipment, 1 Fordson tractor, 3 f Chevrolet trucks, 1 Btudebaker truok, 1 Ford truok,' 1 Ford . ` sedan; alao.other', articles of tangible personal proparty ' irnerever J,ockted. > Also, the right to use'the naae "Veraont t!. Asbestos". j 13.. i m EABEiCEFTB AND OTHER RIGHTS . * * All ana-singular the easements, rights, privileges and appurtenances whatsoever belonging or, appertaining to ii any 'and. all of the property shown on this schedule and the l income,' rente, issues and profits thereof; and all of the l estate, right, title and Interest of Vermont in and to all ----ana..every. j^.rt of the property shown on this eobeduls. | . . r-... ~ ............ . ------------ .s_ ,..................... I! Uotet Annexed hereto is a plan showing parcels 1, 2, I'3,4 and 5, hereinabove described. i y AFFIDAVIT OF PROPOSED ISSUE OF CAPITAL STOCK OF THE VERMONT PRODUCTION CO., INC. We, the undersigned, a majority of the directors of VERMONT PRODUCTION CO., INC., being duly sworn, depose and say* that at a meeting of the directors held on the VJ- day of January, 193r, It was voted to issue the fol- *i filing shares of stook, to witt. Ten (10) shares of stook haring no par value. That the consideration to be reoelved for such stock is as follows: One Thousand Dollars ($1,009.00) In oash. That in our Judgment the value of the oonsideration for whioh stook without par value is tcTbb issued Is suoh that the issuance of sueh non par value stook is In good faith in exchange for suoh consideration. Dated^t New York, N. Y., in the County of New York, this ^ day of January., 1936. J/h'oSlM !i )] Majority ) j of the Directors STATE OF NEW TORE NEW YORX COUNTY, SS At New Yorfc City In said County, this day of January A* D. 193^ personally appeared the above named WAforER B, ,,NAaJMDr-b9UIC C, niTfirWy^KitUEL- P.-'TAW VUSE^-aad CHARLES BATCHELDER, a majority of--the* dlreotorr of the corporation above named, and made oath to the truth of the foregoing affidavit by them subscribed* *>/ itZi^Tr.-ry tMT m . H > * . ;* V. STJlTI QF 10T TORS ) HD TORS COGKX, 88 1 ri. At ! Toffc CIV 1b atd.CoaaV* this 20tb day of January* It . 1M6, personally appeared the above Bawd WALTER B. HAIMS *LOTIS C. KBB, and SlMtOL D. M VLEET the directors of the corporation above neand, 1 mde oath to tha troth of the foreolK affidavit by the. sifceeribed. J* t nia eQix*TM-`***?K**.*rs*i-ei woatr-eVtr i Ortu MU M *e AFFIDAVIT Of PROPOSED ISSUE OF capital bjoci OK THE VERMONT PRODUCTION CO.,ISC. We, tne undertlgnsd, a majority of the directors of VE.-JIGNT PRODUCTION CO.,ISC., Doing duly sworn, depose and say: that at a meeting of the directors neld on tne 31bi day of January, 1938, it was voted to issue the follow ing snares of stool, to wit: Eight hundred (800) shares u! stock naving no tar Talus. That the consideration to oe received for such stuck is as follows: rive Hundred Sixty Thousand Dollars - $580,000.) in oath. 4 1 . . ,l ' ' 1' :'v . , ' ' ' I . ' r * ` ' 'hat in our- judgment t hfe value of. the considera tion for which stodl without par value is to. ca'l-trued It ;; .*- . T- ; : ' much that tne issuance. of wen non pax value stool It in ` . t \ % r * good faith in txchaigo. for suoh consideration. ' ' ' ../ *. ' Dated :at Sew York-; I.T.in toe Opunty.of Few `' - ' rTf? mm ^ i!-llli-li. ^ J, >,J)!Ji m . `. '-v :~-i .* . i 6TATF OF JUKW YOKX HiW YOAX COL-STY * At Sew Yor* City in aald County, day of February A. D. 193o, personally appeared tne aoove `,. i. w-neri CHAP.LE8 BATChELDXn, "one of~the director? of tne cor- >, ' noration ebove named, and made oetn to the truth of the vlorepolng affidavit by him RuusorlDec. . --e* ** ... -- * *k I r*l i * * * I a u * S.'ATX OF Srff YORX SL*W YOHI CCUKTT At Sew York pity In said County, thlB **/*.' '-day., of .February, A. 3/ 1$35,` personally Appealed the aoove named UlLTIA .B' EARRI6, LOUIS'C. RUCKS and 8AMUCL D. YAK VLEEY , < .. .toree of .tne directors of the corporation above named, and aaoe oath* to'the truth of the forlp-oln(t affidavit oy tnem > . * , .euueoribed.. : . . ->i `J ~..i ..z. M`ae fi^ic, a a.f t , - .* AA* C*m?*t.^k /<"-T*T*r*!v*4! '-,J*ft. tls?. , ^ . I , TTlI E RIVIXT 1 IIf>T UM'YIRS u rr>Ti aiwr MOH I t LLItW. VCRHONT Jobnrr;' 8, 1936 k_ MUVT cnr. jv.waor. '. j^'rirk Se-crr^-err of State Vcrr4-pel ier, *e~oct !>-r Sir On the Eth last, a transection sras carried cart Thereby the Vemont isbestos Corporation disposed of substantial ly all of its tangible property to the Vermont Eredretior Co. Inc. The Yeraont exbes toe Corpora.*, ion is * perfectly adment eorportti or, end in theae eirenmstancaa it w not'`oertr.ln to That extent the prcTisicrs of sections 5820-5626 of the Public Lews, partieu lar ly aectloas 5823--5326, acre applicable Boe'erer, the procedure tabes, eonforned to all the rerjuirmecta of theae sections vith reapeet to a sol-rent corporation, in order-to attie!'-- try statutory reqoireeents in the ratter, 1 an enclosing herewith fbr filing in your office, taxler tore prerrifiema of section 5826, eertified copies of the contract of aale, including aasigrrsnt thereof. Please eelrr.oirledge receipt of sarm . Tours -rery truly. Xr Oaorga I** Hunt Attomay at Law Hantpaller, Var*wut ysbruary 8, 1*4 Daar Sir i This will saknowlsdgs raaslpt of sapy of an. i^rMant jn^fcarwd into by tbs Trwmt Aobostos Osrporatlon and Tha Rdpold Coopaixy vmAmr data of Jtnm 10, 1936, and of an aSalgastsst of said oontraot to the Vansoet : Production Ooapany. Tna, oartlflad by tha Saoratary of t>-w Vsmont T-rodaatlaa-Oaapaay, In*, ^Tipon rurf nation of tbaaa Ins twits T find t tfasy do not *iow tbat tha sale. of tha property ra- rad to tharaln was ukhorlnad by rrta of both tha purahaalag and tbs salline aorporat Iona, as r*^ul4 by tbs provisions of Saatloa 8821 of tha Publla Levs. ............... Bowsvar, ; an planing.tbosa lastrinsants on fils for what thoy ara wucth with tba understanding fron our eanvarsation . that In tha near fttwa thara will b a fllad aartlflad aopy of tba daads of tranafar of thla prwparty, lnalndlac In formation ahowlng that tba pro par rotas as aontsnplatad by said Saatlan wars adopbad by both tba parahasing aorpsratian, tba Vw-wwrrt rrodnation Oonpaay, Xna, and tba sailing aorpora- tlon, tha fenmt ASbastoa Corporation, It Is y understanding fron our oom-arsatlon by pbona this naming that our aomrt of last rasort hawa daalarad that tba Varsont Aabsstos Corporation baa a good and valid tltla In fas slnpla absolute, without anotsSbransaa to. tha raal astatn shown on Sshadula A as = -^-. .3 non /. i i w y u y Tircx Merntt i A Ttot Toraont ASbortoa Oorpcratim* a Vonmrt oerperotiao toriat a principal yUti if VmImm *i lyto U tt* OMrtj of I w< lit Hate f tomocrt, la oowId oration oC om toilax ato rtkar mltohio ooaoiAomtlm* pni4 to It la fall patio fnotlm >7 tomoni Proto# tion Oo Xdo. a Umtrrt mr- porotim taaalac ^ prlnoipal plm of Vmlaooa U lvll^tHi, la to Qm^t af (MttoAa ant mid atoto, tow fcoowto 4m fmiy itoM, rtoin a>4 firww fdtiUli mto add VirM fwiuitiai 0*. Jac nd Its rMi--ora aod Mlpw 007 oto all rikrt( tlUa d laterwt Itot Tar--rt Aobortoa Corporal iw 7 tow la Has ftllatoat yarwl of bad la too hoi V Itoa *i baaalf of baallb, tx tto etoto af Taraart, biarttad as Mbaai aa aKTft totaan too partioa torota"toorific cron torto . . toraaitb and to to rawriad jsndtti nardac ttoaioo naitdjpoolocly a lory tto mot airly llao of.aatd lad toaic&atod ao Itoa 1 Ik toll toad %o 4 point tboraia tooro too ombo wuld to istormotod Vy a .lias dm parallel to tto motorly liao af bat lit la tot part f Bolrl4aaa that mo oat off. to Man is 1Q1 aood distant lTfr^fc rail motorly ttorofrmt thaoao nartoaatolp dare a lint dram pn^allol to a add woo toriy llso af lat ldt sad lTd-fyfr roil mrtorly tonfm to a yoist ton to aw maid iatoroMt-tto Toon md Cmaty liao Vitoato ian af'laoall to ttonj ttoooo; oootoriy alone to add Tom aad..0oaBtqr. .liB0 to a polst. on.-toa.' -aftrooold Tom to-Ooariy-Uaai add yolat tatag-fawarly artod-3, - ^ =; n im dH.-Ta.PU ootdprmdawtott all to'aritflaaito ^jaa la tto -vyijrr Vjr oarkiriad Npjr rf tUtUHlten' Tata yiiW t a npatoal aaatloc tf toa gVwthaldan af aaid Nr^rctllB bold rabrunry 6, 1106, attaxtead karate ax part WtmT, tad wi ltx mrpamka aaal attaatad Vy tto Clark, to lx tto toy af rvbrvaLry, 1H4. vnooft Asmnc ccRrcimoc, tv-W'"' . -t -> r --u%sptiimxr r mxsTi '> 1b Una : * ., r* of i nrc ,* t . * vV * v-l,/../ tstt f- f mts or troxmz ) MAS IK}TO!? COCBTTjT** 'll. * ! ** )'.. . .;:v ' . tt )totfxllr, tn aaid aevky, tolx itb toy af !toify, UN, far* Lly ^pwrN fratorlak * >yna, aba, ax Praaltoat and leant af tox txkeetaa fcarpairxtiao, kax aaaaafcni tha foraffxiac arltkci liatr--rt aa A* *** nnt-n^Udjad to* xxj te Va Idx.free net ui 4aa4'U tke fraa wt `4*ad * Wu Tantonyv^Un4-<rtttofraraUto;j`fc*a toaVka aa'ku*Pnto Praadl and leant aabartarlly toa >rr*`^ a tmtory IrtoUxT rA.- X, SAiraiL D. TAJ TLXIT, DO EXTLLBT BDinn that I u Secretary Of TXHUOJT PRODDOTIOI CO. 110. , a corporation organieed tender tin lare of the Itate of Vtnont, harlmg lta principal offloa at the City of Burlington, itate of Tenont. X fURTEZR CZRTZ77 that the annexed Inc truncate arc tru* eopioe oft (a) deed of .eoareyanoe of ocrtaln real ectatc dated the 5 th dar of February, 1955, executed 7 YCRVOfT ABBXSTOa( OORPORATXOI and running to YIRkOIT PRODUCT!01 00. 110. with Oertlfloate of Clark of Tenant JLsbectoe Corporation relating to proceedings taken at a epaeial Meeting of stockholder* of Tenant Aabeetoe Corporation attached thereto; cal () qulWlain deed of oonreranoe of oertain real eetate dated the 5th dar of February, 1955, executed >7 Tenent JUbcetoe Oorporatiea and running to Tenoeit Produc. tion 00. Zne. 1 ,, ; " XT nmu *3X3007, . J hare Jeereuato oat ay hand and affixed the oerpirato aeal of this corporation thie / / ^;dar of rehreexj,. 1955. 1 v* ' :i.- * v >* ^ .1 . u *' V . J retroary 17, 1036 Ihorlnalt and Boat Attomtri at Iam Bontpeller, Venaont Rat Varwrat A. aba a toa Corporation 0t 7tli will ooloaewlodga rooolpt of Mo following pppors t Qamfciflod oopy of veta of'tbo Vernout Production Co. Ino. of toe adoption of a resolution at a apaalal Mooting of the atooldioldajja of the Voriaont Production Co. Inci bold at Darlington on the first day of February 1956, by Cbarlaa ? Blaok. elortr of aaid corporation. Cortiflad copy of wsrohnty dood frOM Yaraont Aahoatoa Corparstioato Vtracnt Production Co. In*.* lnalnding a copy of ooortaln wotaa of the Aaboatoa Corporation oortlflod by 8. D. VanVloot Secretary of tbo Vmont Product Ion Co. Ino. Cortlflod oopy of qultolalr. daod frou Veraoat asbestos Corporation to Vommt Production Co. lae. ino 1tiding a oopy of certain to tag eortiflad by Sr D. "aa'-laot, Saaratary -of the 7eraont Production Co. Ino. These papers hare bean plaeod on file. t Yonro Twry tmly flocratary of Stats RC /SB Therluit 4 IJn>T LAM^'ERS 41 fTATV n HUT MOHTPCJKPt, VIRMOWT .J i *--; i February 17, 1S26 Bon. Bauson C. Byriok Secretary of State Umrtpel lor, Veraant- Dm* Siri In ri Penaonfc Asbestos Corporation We enclose for .filing to* fo Hosing papers In eoxmeatian with ti>* property tiutftriji ths aJx*-e natters (1) Certified copy of 'rot* of tin* Vecnont Production Co loo ' - (2) Certifie d oopy of nnrrsnty deed fra* Versont JLsbestoe Corporate, on-to Tenant Production Co., sfalcb iadndee copies of pertinent rot** of th* Asbestos Corporation. (2) Certified copy of quit-claim deed from Vensont Asbestos Corporate on to Veraont Production Co. Ino., also including oopies of prtinnt Totes. Try truly yours. . ^ -- JT u ' `--iTM i v>* AFFIDAVIT OF PROPOSED ISSUE OF CAPITAL STOCK of the ............................ynUfOl.T FRODXTION pO,..IFC, ........... Ve, the underaijmcd, a majority of the Dinxron of VERUCKT PRODOCTIOK CO. .IKC,., .................... a corporation organized and existing under the lavs of Vermont, being duly nrom, depose and try: director* * that at a meeting of the atari VdtW, of aaid corporation, duly called for tlat purpoae, and>held.at Kew icrk City,.............in the County of....... h'e* Tort ...............inini35.Slt5ate/ on the .....25th...............day of .. ,.........1956...;, it wax voted to itroe the following aharei of eock, to xit: " .... ................-<hara> of pea Itrad etook of-aha-panraloa -of > * .. wi'K ... .....iharca ef --wuoon-Mock-of-ahe-pf arabae of.--rk, <_ ....1......../.-shares-of-preferred- nock-having-no-par-value* ........ aharo of common nock haring no par value. That the ooeuideration to be recehred for aurh stock t* at foQowj*: / 'One thousand dollars ($1,000) per ahara cash - $60,000.00. ) . V . * t. ?? t < \ ;;r.:. vv.-v `.Ti: ?-*V AFFIDAVIT Or PROPOSED ISSUE. OF CATITAL STOCK ft! the . T.ERK3SI.. .PK01IUC71 OS CO ., IKC ... Director* Tt, the underigred, Tniiorin- of thfiXara; ............................................ YLFATOn .PLODDCTIOK CO.,ISC.................................... ......... ijockholders of er.td corporation, icing duly rrorn, depo* and uy: that at a meeting of the riarv~r*,r,iiar :ul> called lor thet purpose,and held at ` ^ r,( ' l~~County of .^r. the day if 19. it war Toted to ime the following aharts of nock, to wit: - ..................... duret of preferred nock of the par value of $....................... each, ...................abare* of eomrrvon nock of the par value of }............... .............. each, ............ !.. ahares of preferred nock having no par value, ____ ;... thara of common atock hiving no par value. That the conaidcratioo to be received for aoch .nock k as folion* j All of auch took arti itetnd for ctEb tt. the rate -------of $703 pti.ihtra........... ------------------------------------------------ l Mf *4 \ .i i I I That >i our jud promt the property or connedera lot lot which per rtlwt stock to be mm! u oernaM)' wu'ih in moory the pee value of such stock. Thai in our pidpmt the value of the property or eosuiderauen lot which stock without per vshse is ac he vtaed is suth that (he wiuita ai such oon per value atoch is in pood faith in axchsnpe lot auch property or fnondmtwn. Dated at Jev ?ork City i ** ^Auf-not , in the County of -JE Rnv Tort , thii Majority of the WXtr-Ltwt'.ca--rc IfCT TORT. STATE or vh;-.. SZL XDRI ....................... COUNTY, SS. At .. lirr .lor*. City...................is acid County. thit/^jSdey of X-Jfunt ........ A. D. It . personally appeared the above named... Vnltcr.. Hcrrlie .Bifid. J.......... .....lu Tloet *ti LetJ.* C. L-pt;,............................................................................. Dlroeton of the corporator abrvt ntrvd and oust oath to the tnatr. of t!c forejoioy *&:ri:' by them subscribed. . f 7 * ,_ i ~w a w- <rr^~^' WH U* to*v k. Ih ha. W kW t l (an** M K.ttir .............lia-.rry .... Hi nn Aoal tfcV m Nmwr jKicr d Us. mu instructions regarding statement or consideration to re received . ... FOR ^OCR V k ^MH^IWflivnrL iV* ^ () TW Makr ' m^ V kr bbmW kr mL A) 'TW --W* *f bb.;. u fee i vfevWikMtMWMi* a! le mW m! nm i rr!eu m tk W tack ml auM k av vrf p*|" c kr tm ih> () TW mWp W Iimm WWi'mmmi kt y f n il papirrt. ami W mm' viki Wm pml amvny. m WkU k kb Oil | d ^ d* So k WmW Mi fek mm pmg r+m. dW WJWb () TW mkr W Warn k Wk W W i (k) TW MMfcw W Wm m W mW Wr mI mum. kr ! ^ Wr ml m wJ Mk < W im > km W mmvm n mi lainihii W mW ml m* k i irt C (<} TW mkr k Warn w k WW Im ^mm) pmn W W mul vW pUm. m m3 ? Wb fk W fww1 kf tW few; umi, m WW r Ik tH. t >** km. Tk*i in our judgment the property or coiaaderetioe (or rkjci por whir nek k to be inad actually wortk in money the par ralae of aorh e-ack. Tket in our judgment tkf Tahir a! the propei ry or conaderaoen (or which flack withemt par Taluc ie to he aeuao ie euck that the jammer of rock aon par rakee nek a m pood faith ia trrkaagr (or euck property or eonadertdaa. Deted^t He* York . City ............. n eke Couaty al _i.Iea.Iork............... . day of loveabir .... , 1ME _. tki INSTRUCTIONS REGARDING STATEMENT Cf CONSIDERATION TO BE RECEIVED po*. sroac ' cmrncATT u capital actuallt paid in ad the -------------------------------------TVJenrr wnmrfTfn ra T- w*.-----------ihltfir E. Strrll PnaMmt and rh.rl.. f. Blank ak ofvKutogr raoDCCTioN co.-inc.~ corporation ort-nlied cad cxlctlaf enter th Ian of the Sute of Va mull cad herinx He prindpal piece of fascism* > Krtrl 1 nrtpn u the const? --< State of Vermont. hereby amtitj: nddltleonl L Ikit U. Mnlif/bum of eta* of cold coloration btn nctai&jr been iceaed for CASH, cad the l*I''mil thereof paid late the baain' ad acid corporattcei. amdr -ahana cf prafnrvd atiaA ad tbi par nine d_ -Jollan par chain; -ahana ad < . had ad the par value at- -daOeia pm ihan; jhmi ad prafanad dad having no par vala; axn -aharaa ad arrnrnmv ate* having no pm vala; ad that the total ~ aaah raafiaad from the . aala tad lean* af aatd nonpar vatoa prafaewd \ dad ^ no.' .* Anflern. and the totell aaah natliif bom the aak and lane ad acidnonpar valoe otack au. JM* ,000. tor eight hundred aharai sawn, axL for one huadrrd taenty .-MilQfl_ t Thet the loDoniaf aharaa ad cto* ad aid corporation havn aetmSp haan iaaaad a' paynat dr UAL OR PXRSOKAL PROnary..RIGHTS, FRANCHHia. ar mWOS. in aoeordasae mtth vna' -JJehaMeaf ad the par vda`ad_ jUhn pa > ad ad the par nalae ad_ -daflma pa i j-- ad pdaiad dad hnvtag a par aria:- -- dan ad aaaa ate* havac a par vela; and that aB the nal ahh ad pmnaari pnpoatp, and afl the right! and I rhi* arid ate* vae leaned. have haa daty huarimvnd a and aa nem mad * i Ui oOUcotloeo of uM aorporaUue ra tout of aa/ --laTolood la mtii laou of (toed. harw Woe foDr dloekarfwd- Dotad o'___ low Wnr Ctrl fir tZ-"** -- -i b tfa Ooutjr of. 104. Hw Tort dLrtlfo Ult ,Ctefc STATE OS VERMONT, r.hUtffiiUa- At_ ftirrMnftaoi -COUNTY. 88. -L D.la aid aawtjr. teo.lflltl____________da/ of 1BCM1 jt.1 m Va rKortoo r. wioov Ctet of*- Taraemt Pmrtnl.tfnn Ti.f-' * ' ' i Uo ` made oab to tho trwtk of tho (Wird>( iwtlW.lo h/ I-- iiiljiLfOml. b daa tea of low. Bofoow at. eniE or nt 'idSr' Ira tore eocnri, ^-t/''Vri-.OftaiWO- Notar FwkUo, At law York Ctt7 la wald Cmarty, thla 2S&&r ot9m*%'k. D. IBS tbe laid (altar 8. Barrla, freaidast of Vonaont product ioc Co., laa. peraonall/ appaarad and aada oath to tba truth of tte forwfolnc eartlfleata by hla aubaerlbwd, la 4ta fora of law. Votary futile.