Document Z4Jk8RRpLz3XbRGvjQVnOw9N7

Minutes of Regular Meeting of the 3oard of directors of National head Company held at No. Ill Broadway, New lork City, on Thursday, January 26, 1933, at 10 o'clock A. M. Present: Messrs. Beale, Beschorman, Brodrick, Carter, i Cornish, Rockwell, Sidford and Taylor. Absenti Messrs. Carpenter, Caselton, Croft, Dorsey, Field, McCarty and Thompson. Present by invitation: Messrs. Dail, de Campi, Greene, Merrick and Morsman. The minutes of the meeting held December 22, 1932, were read and duly approved. On separate motions the following resolutions were each unanimously adopted, the roll being called where the expenditure of money was involved. RESOLVED, that the following actions of the Executive Committee be and they hereby are approved. Appropriating Approving ex penditure of $506,000.00 $ 84,000.00 for general advertising during the year 1933. by National Lead Company of California for advertising during the year 1933. Appropriating $ 521.90 for the purchase of a Chevrolet sedan for salesman, Cincinnati Branch. approving ex penditure of $ 2,035.56 by Titanium Pigment Company, Inc., for repairs and additions to its St. Louis'T'laht. do $ 2,207.78 by National Pigments & Chemical Company for baroid advertising during the year 1933. Appropriating $ 725.00 for equipping 5-ton Mack truck, Hoyt Plant, St. Couis Branch, Approving ex with pneumatic tires. penditure of $ 3,203.50 by Titanium Pigment Company, Inn , for repairs and additional equip ment at its St. -L-ouis Plant. 390 il) Approving the acquisition of 7100 shares of the capital ^ stock of Titanium Pigment Company, Inc., constituting the re mainder of the outstanding stock of said Company not already owned by this Company in exchange for an equal number of shares of the Class A Preferred Stock of this Company, upon the terms specified in 'written offers to the former holders of said shares dated December 30, 1932. Licensing the use by National ueaa Company of California, as a symbol of general identification in connection with the sale of its "Bass-Hueter" ready prepared paints, of the Dutch Boy figure constituting the registered trade mark" of this Company, in association with the words "made by the makers of Dutch Boy White Lead"; and further licensing said Company to designate its own retail stores as "Dutch Boy Paint Stores". Authorizing the contribution of the sum of $400. to the support of Plumbing and Heating Industries Bureau for the year 1933. Authorizing the acquisition of an interest in the metal business now conducted at Cleveland Ohio, by Master Builders Company upon the terms stated in letter addressed that Company by Mr. w. C. Beschorman, Vice President, under date of January 10, 1933. Authorizing issue of duplicate certificate for 12 shares Common Stock in the name of Alice L. Shelmore in replacement of lost certificate No. A 54285 in the same name. Granting a pension of $'35.46 a month effective February 1, 1935, to Alice Andersen, National Lead Company of California. RESOLVED, that the affixing of the seal of the Company to the following documents be and it hereby is approved, ratified and confirmed. Chicago Branch Bond to City of Chicago for $10,000. in connection with 1953 renewal of license to handle ammunition, and application to United States Guarantee Co. for suretyship thereon. Atlantic Branch Bill of sale to J. s. C. McNair of Buick coupe, engine number 1626470. Bill of sale to Roy A. darrett of Buick roadster, engine number 2566801. Bill of sale to James N.ing of Pontiac sedan, engine hn,ber 652573. 0000-NLI-000021873 \ Atlantic Branch ^continued) General Office r> Assignment toHenry Freiherr of bill of sale of ouick sedan, engine number 2527647. Letter of attorney to Reorganization Committee under plan and agreement or reorganization dated May 5, 1952, in re Fierce, Butler c Pierce Mfg. Corp., bankrupt. Proof of claim in re Gilford Supply eo., bankrupt. Proof of claim in re iremont Plumbers Supplies, Inc., bankrupt. Proof of claim in re William H. Jackson Co., bankrupt. General release to Central Smelting & Trading Co., inc., on payment of 20$ composition 'settlement. Acceptance of plan and agreement of reorganization of fierce, Butler & Pierce Mfg. Corp., dated May 5, 1952. Consent to assignment for benefit of creditors in re E. B. Stacy Supply Co., and Bi^rerly-Lombard Co., dated January 9, 1935. Letter contracts with the Titanium Alloy Mfg. Co., Louis E. Barton, Mrs. Cecilia A. Barton and Miss Georgia A. Barton, for the acquisition of 6500 shares, 400 shares, 100 shares and 100 shares, respectively, of The Titanium Pigment Company, inc., in exchange for an equal number of shares of the Class a Preferred ^tock of National bead Company. Certified copy of Executive Committee resolution of December 30, 1932, authorizing the contracts last above mentioned. Proxies for Annual ^Stockholders Meetings of National-Boston Lead Company, John T. Lewis & Bros., Co., national Lead ae Oil Company of Pennsylvania, >t. Louis ^melting & Refining Company and united states Cartridge Company to be held January 13, 1953. Two certified copies of Executive Committee resiution of January 11, 1933, authorizing replacement of lost certificate ^o. A 54295 for 12 shares Common Btock in the name of Alice L. Shelmore. 0000-NLI-000021874 \