Document YrOZXJ4JLwxYpjXnYEXYpd3ZO

MINUTES OF MEETING OF EXECUTIVE COMMITTEE HELD FRIDAY, OCTOBER 4, 1963, at 10:30 o'clock A.M. PRESENT: Messrs. Martino, Corddry, Drewes, Henrich, Merson Welch and Wildner (J. A. Martino, Chairman; J. B. Henrich, Secretary) PRESENT BY INVITATION: Mr. P. C. Muccilli The minutes of the meeting of September 25, 1963, were duly approved. Upon motion, the following applications for appropria tions were duly approved: Contributions $ 3,028.75: Membership Subscription to Lead Industries Association, Inc. from October 1 to December 31, 1963. 6,239.00: Dues for quarter year ending December 31, 1963 in the National Paint, Varnish and Lacquer Association, Inc. C$ 30,058.00: Baroid of Canada, Ltd.; Purchase of Cessna 185, Fort St. John, British Columbia, Canada - Expiration Date - November 30, 1963. $ 6,892.00: Doehler-Jarvis Division; Repairs to Road and Parking Lot, Pottstown No. 2 Plant, Pennsylvania - Expiration Date - November 30, 1963. 34,346.51: General Office; Services of Lybrand, Ross Bros. & Montgomery from March 1, 1962 to August 31, 1963 regarding California Franchise Tax Liability for the years 1955 to 1958 - $29,500.00; Expenses $4,846.51. Nalcon Division 15,000.00: Installation of Equipment for Cooling Dehydration Slurry, Sayreville, New Jersey - Expiration Date - March 31, 1964. 50,500.00: Installation of Scrap Recovery Equipment, Sayreville, New Jersey - Expiration Date - April 30, 1964. 28,334.00: Pioneer Aluminum Inc.; Purchase of Warehouse and Office Equipment, Marietta, Georgia Expiration Date - November 30, 1963. 1,718.00: Titanium Division; Overexpenditure, Erection of Truck Loading Dock, Los Angeles, California- EL-3724 (EXECUTIVE COMMITTEE - OCTOBER 4, 1963) $ 8,437.00: Titanium Division - MacIntyre Development; Purchase of 8-Inch Pipe for Tails Pumping Test - Expiration Date - December 31, 1963. The Committee ratified*and approved the purchase for the sum of $330,478.50, of $330,000.00 Township of Parsippany-Troy Hills, Morris County, New Jerseyj 2 3/4% Bond Anticipation Note, due December 26,-1963, to yield 2.15% tax free. The Committee ratified and approved the purchase for the sum of $88,950.55, of $100,000.00 U. S. Treasury Bonds, 2 1/2%, due September 15, 1972-67, at a yield of-4.85%, the same having been-purchased for Workmen's Compensation Deposits as Self-Insurers. The Committee ratified and approved the purchase for the sum of $1,000,000.00, of $1,000,000.00 (U.S.) Canadian Imperial Bank of Commerce Certificate of Deposit, 4 1/8%, due December 19, 1963. The Committee ratified and approved the purchase for the sum of $2,000,000.00, of $2,000,000.00 (U.S.) Canadian Imperial Bank- of Commerce Certificate of Deposit, 4 1/8%, due December 19, 1963. The Committee ratified and approved the purchase for the sum of $495,336.81, of $500,000.00 (U.S.) Atlantic Acceptance Corp. Ltd. Note, due December 19, 1963, to yield 4.25%. 0000-NLI-000021218 EL-3725 (EXECUTIVE COMMITTEE - OCTOBER 4, 1963) The Committee ratified and approved the purchase for the sum of $742,000.00, of $800,000.00 (Canadian) Reynold Aluminum of Canada Note, due DecembeY 19, 1963. The Committee ratified and approved the purchase for the sum of $1,000,000.00, of $1,000,000.00 (U.S.) Canadian Imperial Bank of Commerce Certificate of Deposit, 47o, due December 19, 1963. Upon motion, the meeting then adjourned. 0000-NLI-000021219 \