Document a1NMzZQGzNGX6kyKjDab90o4M

Hew York City, Ootober 20, 1915 MINUTES OP MEETING OP BOARD OP DIRECTORS OP RIVER SMELTING & REPINING COMPANY. A meeting of the Board of Directors was called for Wednesday, October 20th, at 11 A. M. at the offices of National Lead Company, 111 Broadway, New York City. There were present, Mr. W. W. Lawrence and Mr. Geo. 0. Carpenter. In the absence of a quorum, the meeting was adjourned to Friday, October 22nd at the same hour. October 22, 1915. At the adjourned meeting of the River Company Board, there were present Mr. W. W. Lawrence, Mr. R. G. Hall and Mr. Geo. 0. Carpenter, Mr. Lawrence presiding, and on request, Mr. Carpenter acting as Secretary of the meeting. The minutes of the previous meetings were read and on motion were approved. The power contract with the Mississippi River Power Com pany as already executed was presented and was on motion unanimous ly approved. Memorandum of salaries was also presented as already arranged by the officers of the Company, namely: R. G. Hall, General Manager, at the rate of $6,000 per annum. H. H. Utley, Manager at Florence, Colo. at the rate of 4,800 " n L. Y. Emmanuel, Superintendent at Florence, Colo, at the rate of 3,600 " " E. G. Elliott, Superintendent of construc tion at Keokuk, Iowa, at the rate of 2,400 " " The above named action was on motion unanimously approved. N 26037 NL 000039177 (2) Authorization was also given to the Treasurer, at his discretion, to change the Colorado Bank Account from the First national Bank at Pueblo, Colo, to the First national Bank of Florence, Colo, for convenience and to avoid the cost of exchange. The resignation of Mr. A. J. Meier as Second VioePresident, and also as a Director of the Company, was presented and upon motion was accepted. Upon motion, Mr. J. A. Caselton was nominated to fill the vacant position of Director on the Board and was unanimously elected. Upon motion, Mr. R. G. Hall as general manager was authorized to countersign checks on the St. Louis Bank account. Mr. nail reported on progress of construction work at Florence, Colorado and at Keokuk, Iowa, from which it seemed evident that the plants v.ould be likely to be ready for opera tion shortly; the Colorado plant about December 1st, and the Keokuk plant about January 1st. On motion, Mr. Hall was authorized to purchase the necessary ores to cover the operation proposed, bearing in mind the need of conservatism considering the present condition and uncertain prospect of the raw material market. Ho further business being presented, the meeting waB, on motion, adjourned. Acting Sejoaretary of' Meeting NL 000039178