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noMtHtra Etnas *9 t*. c N11103 P"YC000C67Jz FmUmi * : im per C. S. ** raquat tM u fllad aith the Secretary'* papars. :c\<s Sh. Bwc yy.BKZ robss .:t <m Act _/ p ^c o o o o &i 33 Paulina : par c IPa raquaat thin it b# Iliad alth tha Sacraiary* papara* .t: Boss PNVC00006 ?3^ i IMTERNATTOH&t ' simT.TISG AH) HEFIKIWQ COMPACT WAIVER OF HCTICE OF MEETING OF BOARD Of DIRECTORS The undersigned, being ALL of the Directors of the INTERNATIONAL SMELTING AMD REFINING COMPACT, a Montana Corporation, do herety waive any and, all notice whatsoever of the tins, place and purpose of a meeting of the Board of Directors of said Company, to be held in lien of the regular monthly meeting of the Board of Directors for May and do herety fix 25 Broadway, in the Borongh of Manhattan, City, County and State of Mew Tark as the place, and Wednesday, the 22nd dty of May, 1946, at 11,45 A. M. as the Hm for holding the said meeting; the purpose of said meeting being as follows! To consider and act upon the matters which would in ordinary course be submitted to the Board at ita regular monthly meeting for May. DATEDj May 22, 1946. W d rt , V-LO-Hr' J pNrc ^Cq o / ^11103.01 / nrUOK CCKFIMT uiTK ?f man <y. ffigaw or vm? .<* mrzsssL The undarelgnad, bdag all of tha BLraeters at tha orrsiauiiauL snzamn ik d ttifima ccnyunr, a wntana. corporation, do horaty aalvo argr and all notion diitmwr of tba tine, plaoa and purpoao of a aantlwg of the Board of Ddroetora of aald Conpatgr, to ba bald la llaa of the regular Monthly neatlog of tha Board of Mreotere for toy and do baraly fix SS Broadany, la the Borough of Manhattan, City, County and State of lav Xfc aa tha plnco, and tedtoaadar# tha 2nd day of Kay, 1948, at UtiS A. I. aa tba tlna for boldine tba aald aoetlng; tba purpeoa of aald neat 1nu. aa tdVLmmt To oonaldar and adt upon tba aattars afaiati eoold la ordinary oourae bo mfenlttad to tba Board at lte regular Monthly Meeting Ar Mr, BOTZDi lay a, 1948, <S) C. F. KELLEY (S) J. R. HOBBIHS (S) ROBERT E. OTTER (S) FREDERICK UIST w C. E. WEED (S) W. H. HOOVER. JS) E. 0. SOHERITIHE (ORIOUttL TOLIVER FILS) IH UIHOTE BOOK) ^cooo'*"6 |w Q)d>~ ^ f P ^j. / yi ! ?*-\` .1 - &&= , ; $x . . -*' '. ^KCSKOTBSSSSi P>COOOOJ37 N1U03.02 | INTERNATIONAL SMELTING AND REFINING COMPAMY DIRECTORS MEETING ^ MAY 22, 1946 Secretary^ Cop? 11;45 A.M. PROGRAM DIRECTORS Cornelius F. Kelley W. H, Hoover / Frederick Lalat ^ Robert E. Dwyers Clyde E. Weed ^ James R. Hobblns^ . E, 0. Sowerwlne y ORGANIZATION MEETING; Appointment of Temporary Chairman, nm rrapjwivryitAi twr'nnwrtawx thw Annual Mee ting of Stockholders of the Company vs held at Butte, Montana, on May 6, 1946, and the following Directors were elected; Cornelius P. Kelley Robert E. Dwyer E. 0. Sowerwlne Frederick Laist James R. Bobbins W. H. Hoover Clyde E. Weed 7Election of Officers for ensuing corporate year: Present Officers; President Vice President Vice President Secretary Treasurer Asst. Secretary and Asst. Treasurer Asst. Treasurer Asst. Secretary Asst. Secretary Comptroller Cornelius F. Kelley Frederick Laist B. 0. Sowerwlne C. E. Moran J. E. Woodard W. H. Grahl A. F. Dohrman J. D. Murphy F. E. Stolte W. K. Daly Presentation of Statements of Net Income and Net Current Assets as of April 30, 1946. P'"'C00(JC6,3a N11103.03 Approval of Appropriation: No. Description Replacing superheater units In No. 9 and O No. 10 waste heat boilers at the Smelter of the Miami Plant. Amount / ' $10,000.00 Resolutions to be adopted ratifying the action of the Officers of the Company in executing deeds covering the sale of land in Kelsey Subdivision, Tooele, Utah, as follows: In consideration of To Description the sum of Darrel I>. Stevens and Ruth B. Stevens Lot 4, Block 2 $250.00 George S. Warburton and Marjorie Warburton Lot 6, Block 2 250.00 Ralph J. Nelson and Carol A. Nelson Carver W. Bryan and Agnes M. Bryan Lot 5, Block 2 Lot 3, Block 3 250.00 250.00 / Appointment of D. W. Hamilton as Resident Agent of the Corporation in the State of Nevada in place of C. W. Klrkham who is no longer in the employ of the Mountain City Copper Company. - "RESOLVED, that the appointment of Mr. Clayton If. Kirkham as Resident Agent for this Company in the State of Nevada is hereby oanoelled and revoked, and FTJRTHER RESOLVED, that D. IT. Hamilton is hereby appointed Resident Agent of 'this Corporation in the State of Nevada, and that the Vice-President and Secretary are hereby authorised to execute certificate of the adoption of this resolution to be filed in the office of the Secretary of the State nd other public offioes of the State of Nevada, as required by the laws of Nevada." f- -C Adjournment PNYC0C006739 i DTTERHATIONAL SMELTIHG- AND REFINING COMPANY SPMtART OF REGULAR MONTHLY MEET Pig OF BOARD OF D SECTORS HELP APRIL 23, 1946 Minutes of the Meeting held March 26, 1946 were read and approved. Statement# of Hot Income and Hot Current Assets aa of March 31, 1946, were approved and ordered placed on file. Resolution eaa adopted authorising the proper officer* to execute Deed covering the transfer of a lot in the Glenwood addition to Tooele City, Utah, to Thayer If. Saylor and Hilda N. Saylor, in consideration of the sum of l.OO, Adjournment. Ea^oaisaosssrat3'3 X X XXT&SlATIaltAI. S3BLTIIO AMD REPINING CaXFAXT p ib x c t o &s * ggstiia - m xa. if ORGANIZATrOH MEETING1 WM fi,J g. c T ContllM P* Xalloy V. H. Hmw t Prodarlok Uljt bbwt X. Ooyor Clyda X. loo* Jama X. Sotblaa X. 0. aomrolm Appoint--nt of Tonpomrjr Chalmott. Hitf AWt 9w hBrttoy to roport on too Aawaai Moo tin* of lUtklnlto* of too Coonaar tel* at Btttto* Montana* an May X* 194C* Uootloa of Offlaaro for ononis* oorywrato ]<ri rnoaaat Offlow FnoalXont Tloo FroalXoat Tloo Proaiteat aoorotary loot. Xoacotary 4 Aaat* troaawror Aaat. Xroaonror Aaat. Soarotary Aaat* Xoorotary Canptrollnr emallna P. XoUaj ProterlaJc Lalat X. 0* tewrate e. X. loron i. X. looter*. V. X. Orofcl A* P. ruhrma J. 0* Martoy F. X* Xtelte 1. X. Only Praooatatlaa of Statononto of lot Znoano on* lot Ownront Aoooto on of April 20, 1M. Approval of Appropriation! Sts. - SHUftEftH Xoplaoln* aojwrteator woita In Ko. I an* Ho. 10 mate teat bolloro at too Jnoltor of tte Ml, oil Float* Ancnmt $10*000*00 PNYCQ0GG67'*1 N11103.05 :^ u \\ DtTEBNATiaTAL SMELT INC ACT BEFDTIffG; COMPART IGMOBABDOM POB DIBEETOBS1 MEETIHC - MAY 22, 1946 ESTIMATED SET INCOME Smelting Department Raritan Copper Works Lead Refining Department Zinc Oxide Department White Lead Department Accrued Interest on Advances to Leases Sold Miscellaneous Income Month of April 1946 $ 44,233 82,125 7,281 51.753 473 200 Deduct: Loss on Sale of Claims: Walker Mining Company Administrative Expenses Capital Stock Tax Miscellaneous Tares Interest - Anaconda Copper Mining Co $62,637 $8,000 $ 8,000 Less - Depreciation and Obsolescence Federal Income Taxes HST ISCCUB Add - Net In cane of Subsidiary Companies CONSOLIDATED NET INC CUB $70,637 30,503 $ 101,140 $101,140 - j101,140 Month of March 194-6 $ 64,869 38,744 6,704 14,440 7,020 540 $25,949 , Pour Moa. ended Apr. 30, 1946 $144,663 45,371 18,315 55,236 19,404 9,202 $181,719 Pour Moa. ended Apr, 30, 1945 $ 53,814 590,070 27,193 13,622 11,304 18,500 21,847 $606,114 $'7,852 $39.520 5.914 $ 7.852 $18,097 29,065 $10,968 $10,968 - j10,968 $ 45.434 $136,285 151,810 $ 15,525 4,200 $ 19,725 388 $ 19.337 $ 44,628 49,907 1,663 128 56,501 $152,827 $455,287 207,595 $245,692 56,224 $189,468 323 mm BALANCE - January 1. 19A6 CONSOLIDATED SUHPLTE ACCOUNT ADD - Net Income Poor Month* ended April 30, 194-6 SALUTC* - April 30. 1946 $870,460 19,337 $851,123 PNYC00006742 N11103.06 IKTSaSATIOHAL SMSLTISO jJTD KEPIKIHO COMPAKT ItSMORANPOM FOR PlgBCTOHS' MSBTIgO - MAY 22, 19*6 ESTIMATED SET ISCOMg - SIC5-LTISS DEPABTMBIT Tooele Lead Pleat Tooele Copper Plant Tooele Sulphide Concentrator Tooele Slag Plant MlPleat Deduct: Tramway Expense Outside Exploration Selling Coemission Oxide Concentrator lees: Depreciation SET ISCOHS Month of April 17*6 Konth of Kareh 17*6 $ 7*8 $ 1.7*0 6,085 5,751 24.6*2 31.486 16,708 150 30.10? 1,800 1*8,253 $67,206 Pour Koi. ended Apr. 30,17*6 $ 21,552 Four Hot. ended Apr 30.17*5 $ 50,0x6 10,7?5 156,071 87,832 1.360 103,178 21,610 $.158,663 76,025 83.377 $ 25,357 O CD $ 117 *25 2,7*4 ____2i $ 4.000 $**.233 iitiSi $20,7*7 $ 120 *26 1,27* _iil $ 2.337 $64,86? 21.727 $*3,142 $ *82 1.833 7,616 2.0*7 $14,000 $144,663 73.417 $ 71.2*6 15.012 10,560 2,305 f,28lt*57 $53,81* -Ziiili $124,770 N11103.07 - P,,C00006?4j 1 nrrsBrATiCTTAL s me l t it o Am b e f in ik g c o mpak t Es t iv a t ed s e t IHCOIE - RAHITAS COPPER KIBES Profit on To11a Profit on Premiums Profit on Gilding Metal Profit on Sale* Electro Sheet Department Miscellaneous Income Less ~ General Expense Selling Expmaes awing Expenses Strike Expense Less - Depreciation Month, of April 1946 $- - Month of March 194-6 4 2.53? 5.780 Pour Mos. ended Apr. 30, 1946 4 94,4?6 55,42? Pour lioa. ended Apr, 30, 1945 $423,028 64,4?3 - - $4- - 4,974 8? 1.835 250 411.991 4- 5 - 2,814 20,381 2,868 4,642 $180,630 $ 1,000 1,398 - 83,155 45,386 6,180 8f421 $598,283 $ 1,000 3,772 3,441 82,125* 132.861 482,125 ' $50,741 $135,259 $_8i13 482,125 438,744 ' 4 +5,371 $590,070 - - 50.251 113.846 482.125 ' 438.744 4 _4.88o $416,224 Includes HeuTork Office Expenses, Group Insurance, Gratuities and Miscellaneous Cash Expenditures - $11,68? N11103.08 PNrCQQ006'744 WfflBIWW IBT53SATI0K.il. SMBLTIBS ABD REPIHIBG Cnurtirr jjatCBASBEnt P03 DIHBCTORS' HEBTIBO - Mir 23. 1S4.6 ESTIMATED BBT IBCOMB - LBAll REPIBIBC, ZISC OXIDE ABB WHITE L3m Bgptsiron*. LEAD REPIHISG nEPlSTVEWT' Operating Income Depreciation ZIBC OXIDE EKPA3TVEN1* Salea of zinc Oxide Slab Zinc Coat of Sales - Zinc Oxide Slab Zinc Operating Profit Lees: Depreciation HIT neon ZIBC OXIDE Pound* Sold Sales Price Cost of Sales SLAB ZIBC Pound* Seld Sales Price Cost of Salsa BHITS LEAL DEPA81MHT Salas of Lead Products Cost of Sales Depreciation BBT neon Pound* of Lead Products Sold Sales Price Coat of Sale* Month of April 1946 Month of March 1346 $ 7,281 3.200 $ A,081 $150,643 4,184 $154,83? $182,402 4,184 $I5f;?86 $ 31,753 - L??+ $ 33.143 $ 6,704 $ *>^5 $138,000 4.200 $142,200 $152,440 4.200 $156,640 $ 14,440 1.460 $ 15.300 Pour Moa. ended Apr. 30. 1946 Pour Mo*. ended Apr. 30. 1946 $ 18,315 $6.7,9,37387 $ 27,193 10,851 $ 16.342 $507,482 77,324 $606,806 $562,718 97,?24 $662,042 $ 55,236 5.806 $ 61,042 $347,223 126,815 $476,038 $335,601 126,815 $462,416 $ 13,622 - 7,376 $ 6.226 2,043,800 7.35* 8.30* 1.833,400 7.27* 8.05* 50,030 8.36* 8.36* 50,042 8.50* 8.50* $113,883 1UJ62 $ 3,038 1,257,570 7.05* 7.07* $138,673 $ 7,020 3.387 $-Jii2i 1.577,650 8*68^ 8.24* 7,005,550 7.24* 8.05* 4,063,710 8.57* 8.26* 1,170,354 8.34* 8.34* 1,488,666 8.52* 8.52* $508,986 *89.582 $ 17,404 12.777 $- 6.*05 5,815,856 8.75* 8.42* $304,767 316.071 ' li;$t $ 15,650 3,376,752 8.37* 7.26* N11103.09 PMf CCC0C6 7-t 5 ISTgfflATIOHAL SMELTIBG AHD REFISIHC COMPART KBMQRjUnKM FOB DIBBCTOBS' MEETIBG - HAT 22. 1946 SET CPHBZET AHD OTHER ASSETS - APRIL 30. 1946 CORREMT ASSETS: Suppliea Metala: In Proceae Finiahed: Land Coppar Siirer Gold Sy-Producta 11,307,5*9 lbe. O 5.068* 18,442,102 lbe. 0 5-089* 2,275,087 oaa. o 35.09* 15,017.741 oaa. $3*o32 Eeaerre for Freight 4 Befining Chargee Manufactured Pro doc ta: lead Producte Sine Oxide Mixed Me tala Baritaa Copper Worke - Electro Sheet Department Account BeceiTable: Toll a Othera Caah $ 573,056 1,676,194 798,308 515,406 21.152 $3,584,156 -Kli?76 $ 98,335 247,045 57,151 ___ LSI* $ 827,708 CPBBBtT LIABILITIES: Inter-Company Anaconda Salea Coeipany Taxea Acooonta Payable Magee Payable BET CUBREHT ASSETS OTHER ASSETS: Mraneea to aundry mining companiea, including adrancea on orea, leaa reaerrea Inatallment houae and land ealea and other account a receirable, leaa reaerTe BALAHCE - SET CUBBKET AID OTHER ASSETS $ Id*,983 129,969 1.157,5*8 ___ 3h3.}} $ 10,017 8.969 $ 995,998 2,623,399 2,828,780 406,045 1,296,539 492,889 $8,643,650 l.3Z*.W $7,118,917 18.986 $Iai27,9Q3 N11103.1 PNfC 00006 746 IffTESffATICSAL SMELT I5G ARP BEFIHTHC COMPART KaiORAHDUK FOB DIRECTORS' MEETIRO - MAY 2S, 1946 SALES, DELIVERIES AID PRODUCTIOE-ALL DSPARTMESTS- Month of April 1946 SMELTER PRODUCT 105: Copper - Lbs. - Tooele: Custom Toll Miami: Custom Toll Lead - Lbs* Tooele 115,784 505,577 263,562 9.374.636 l6.Oi9.959 6,235,576 SCRAP COPPER REC SITED AT PERTH AMBOT Custom * Fabrication Toll * * <* REFI5EHT PRODUCTIOI Copper - Cross Less - Toll Scrap Lead - Lbs. Silver - Oss. Gold - Ots. SALES: Copper - Lbs* . Tooele Miami Raritan Lead - Lbs. DELIVERIES: Copper - Lbs* Tooele Miami Raritan Lead - Lbs. ZIRC OXIDE: Production - Lbs. Dellreries - Lbs. SUB ZIRC Production - Lb*. Dellreries - Lbs. . * * a 7,052,875 * a - - * 6,445,712 - 5,931,342 1,371,000 2,049,800 63,400 50,030 Pour Moo. ended Apr* 30, 1946 Pour Moe. ended Apr* 30, 1945 Per Cent Increaoe Decrease 462,658 1,935,854 1,020,664 39,330,565 *M49.741 18,932,501 2,959,422 2,786,222 1,232,688 52,252.164 5i.-530.4i6 13,381,448 27.8 41.5 317,198 2,263.190 493,740 6.211.835 "005! 555 6I.5 80,978,358 2,263,190 18 .'1151148 26,245,060 1.072,936 8,591 170,064,344 TW6.'.2W11,.8W35 24,137,995 3,264,860 29,206 51.9 8.7 67.1 70.6 342,842 104,462 250 447.554 3,050,000 1,200,000 --4T1J053T,!9w89 26,077,827 22,803,888 89.7 14.4 331,608 494,4.24. 27.732 ... 853.164. 19,925,308 2,959,422 1,232,688 103,989 4.296.0ii 20,042,678 80.1 .6 6,122,400 7,005,550 4,805,400 4,063,710 27.4 72.4- 235.600 1,190,354 1,110,200 1,488,666 7?*8 20,0 Data not available due to strike at Raritan PNTC00006747 N11103.ll appr o pr iat io n (See file "APPROPRIATIONS") N11103.12 PNYC000C6 7A3 DEEDS Darrel L. Steven3 and Ruth 3. Stevens George S. Warburton 4 Marjorie Warburton Ralph J. Kelson and Carol A. Nelson Carver W. Bryan & Agnes'M. Bryan (See file "DEEDS - POLDER NO. 5) PNYC00006749 I a n d Re f in in g Co mp a n y v ttijroadway, New York 4. N.Y n, i9 t. ! VkrtartM. hihl tr raWrM-kiaMa ImIUi i mU lftftlft K, bun klUUb Ml* Uft Oift M no. lin ft MM ft JMT lift** ft ftgr M M Ifth ft rn ftt ti t lyMUl Wnin ft* iitrt r WwHw Il^iHrtlMl ftWi| ft Bftftftf ftffti M4 Ift Kr. 1. . ftUtai *m tpytft** iM&iMtt l|rt fir tft ft ft* Sftto ft Bii'ift ft Wflm ft, 8. V. UMm, tyfiftftM* ftffthir *lft `Snttflift ft ft hnft ftMtta'at 'tOlwi, Hr* ft ftUart l|in, ft ftfllMft, ftdafc ft fiiftrlUt ft jft ft ftftr ft*4L~ m/ff ft Mk ft ftM* tmmm fir Mr ftMl ft*7 ftlftk c. fl I. B. N11103.13 PNYC0C006750 roadway. New York 4, N.Y. !.*. mu, iweMr r n* nmunouu. iwxrw An ttrarm outrun, torn? aarttf* tn* e* MlMbc u a tm * M(Ue **r tf miMt nrM a* i lynM Km tf an It kirrtgr inaadlal an am. an wn-- naotm, a n, >. v. naiita r ta sn, * i >i tenia terter it >)|ilal la*Ual Afato * tela Oaryamiaa ta tto Itete a* Snafe an tto Ttaa rrallart an iaiMarjr m tenlr arttariai to aaaaato tartUlate to to* aia|U-- to ton raaamtaa to to flUt la tea toMaa to to* taaratoay to Itoto an atoar ftoUa toMan af toa ttoto *f Into, aa rmlral Irto iaa tf Santo.* N11103.14 Pw',C00o0675l APPOINTMENT - D. W. HAMILTON, RESIDENT AGENT RIO TINTO NEVADA FILED UNDER "RESIDENT AGENTS" CONTRACT - INT'L SMELTING A REFINING COMPANY AMERICAN SMELTING A REFINING COMPANY FILED UNDER "CONTRACTS" N11103.15 P"l'C00006 752 "i i '1 i ' Ur. Frederlolc Laiat preaented propoaed contracts with tha American Sneltlng and Refining Cowpany for the treatnent of lead bullion and aala of ay-fcroduot aterinla frtm tha Perth Amboy Refinery. After diaoueaion it waa, an notion duly made, seconded and Tatanlnoaaly adoptadi ES30LVH3, that tha propar Officers ba and they hereby are authorised to negotiate oontraota with the Jaerioen Snelting and Refining Company for tha traatnant of ^Jllion and for the sale of Jjr^roduet nateriala frea the Perth Amboy Refinery and, upon aatiafactory taraa approved by Cotuel, to axaouta tha ioa. NX1103.16 PNfC00006753 JOHN V. DWYER ATTORNEY AT LAW eoe-esffi k en n .e s s t b u il d in g BUTTE,MONTANA n EC E ( V =: c- m June 11th, 1946 . ^ C. E. tw`: Mr. C. E. Moran, Secretary, International Smelting and Refining Company, 25 Broadway -- Room 1801, New York 4, N. Y. / V Dear Mr. Moran: This is to acknowledge receipt of your letter of June 7th, 1946, in which yon advise that a special meeting of the Board of Directors of the International Smelting and Refining Company was held on Wednesday, May 22, 1946, in lieu of the regular monthly meeting of the Board of Directors for May, and in which letter you listed the names of the newly elected officers of the Company. JVD-T N11103.17 '''" cocoon In t e r n a t io n a l Sme l t in g a n d Re f in in g Co mp a n y 25 Broadway, New York 4. N Y. 7, 1?4. Hr. Mb T. Diytr, 606-61 Binnway Bide., Butta, Montana. Boar Mr. Dayari TKia la to adrlaa you that a Ipnalal Matting of thf ,, Board of Slurttn of tha Istaroatiaoal SaaltlMg and laflming Ottl : u hold an Mtdntaday, Hay 22, 19*6, la Uaa of tho rogalar oathlg / ' ` . Moving of tho Board of Diraatqro for Mqr. tha ftllowii* paraaoa olaotod to farm aa Offlaara for tha anaulnc aarporata yaari ' t'hk ... ProaIdact Tlaa Praaidant Tlaa rrMliart laaratary Aaaiatant laaratary Oornallaa F. Xallajr Fradarlak laid I. o, 0. I. jr. I. Woadacd Aaaiatant Traaaurar Aaaiatant Traaaaraa Aaaiatant laaratary Aaaiatant CanytraUar F. H. Orahl A. F. Batman J. D. Morphy F. K. Shalto V. K. Daly Ag ant far tha tha appoints art of Mr. Claytan W. HrMaa aa Maaldant lyoay la tha ftata of Imt mo aanaallad aad rmhl af Ua Tints I arati, ma appatntad laaldoct Agant. af thla tpaalal Moating will ha ftwaitd to tarn apprarad try tha Board tut la tha aautlao to ham tha abom partlaaat isforaatlac at hand. lava tmly. mmmmr t; <U^aw. 0 It Wmm cm/FM N11103.18 PNYC0C0C6755 In t e r n a t io n a l Sme l t in g a n d Re f in in g Co mp a n y 25 Broadway, New York 4. N Y. Junr 5,, l?46. MEMORAHDPM 10 - MR. Vf. K. HALTI At thr Sproial Karting of thr Intrrnational Smalt- . ing and Rrflnlng Canprny hrId on May 22, 1946, a rrrolutic* m rdoptrd by thr Board of Dlrrotorr oanorlling thr appoirttf. ont of Clayton W. Kirkftaa aa Rraidmt Agmt in thr State air ' Heroda and appointing 0. M. Hmilton of Bio Tinto, Harada, aa Eaaidrot Agrnt of thia Corporation in thr Statr of Hr 0. * . MORAH Nl 1103.19 .. PNyC00CC6 H&: In t e r n a t io n a l Sme l t in g a n d Re f in in g Co mp a n y 25 Broadway, New York 4, N.Y. May 23, 19*6. UPCRMTOTM TO ME. W. t. DALTi At tho OrKoaitatian Mooting of tho Intomotional tooltine nd tofining Conpany Ha14 on Ktf 2t, 1?44, tho following poraooo -worn olootoA to um 10 Offiooro for tho onoaing oorporato yoari Prooitont Tioo frtoltat Tloo Pzooidont oorotary Troaauror loot, toorotary oaA Asot. Troaauror Aoat. Troaauror inat. toorotary Aiit, toarrtuy Coaptrollor Oornoliua f. lolloy Trotorlak laiat I. 0. fooorwino 0. X. Koran J. X. WooAar* V. H. Orahl A. 7. Pohrnoa /. D. Kurphy r. 1. itoito 1, X. My aat/n 001 Hr. I. KonnoAy 0. S. HOHK N11103.2 PN1TC0C006 757 A Spscial :**ting of tii* Board of Directors of tb* 1ST..-Ai:u7i .n a l ~ r:so a n d . ^.-f ix in g c n f a h y was n*id *t to* orrio* of tb* Conpsny, No. 25 Broadway, N fork, '., on fdn**d*y, lay 22, 1-148, at 11:45 k.:i. PRESENT: Messrs Cornelius p. X*ll*y w. H. Hoover Frederic* Lalat Robert S, Dwyer Clyde x. Weed James K. bobbins . 0. 3overall* (Being all of to* Director*) Tb* President, dr. Cornaliua K. Kallay, acted as temporary Chairman of the Masting, and Sr. C. 2. Moran, Secretary tbs roof. Tb* Secretary r* par tad that tb* Annual Masting of tb* Stookboldara of th* Corapaay was bald at Butt*, Montana, on May 6, 1948, at 12 o'clock Boon; approved all acta of tb* Officer* and 0tractor* and tb* dlnut*a of tb* several nestings of tb* Board of Directors of tb* Company held since tb* laat regular annual ns*ting of stockholdersi and alaot*d at Diractora of tba Company for tb* ensuing yaar or until tb*lr succaaaor* ara cboaan and qualified: Msaars. Cornaliua F. Xelley Hobart X. Dwyer 2. 0. Sowar*lb* Frwdarlok Leiat fan** R. Robbins *. H. Hoover Clyde B. W**d On motion duly mad* and aaoondad. It waa RESOLVED, that tb* naatlng proo**d to tb* election of Officers to serve for tba ensuing yaar or until tb*ir suoo*a*ors ara elected and qualified. Tb* followlng nominations war* made: Praaidant Vie* Proaidant Vic* President 5* or* tary Treasurer Aaaistant Secretary and Aaalatant Treasurer Assistant Treasurer Aaalatant Seorwtary Assistant Secretary Comptroller Cornaliua ?. Kallay Predarlck Lai at S. 0. Sowsrwln* C. 2. Moran J. E. Woodard v. H. Orabl A. 1-. Dohrwan J. D. Murphy P. a. Stolt* W. K. Daly PNYC00006758 N11103.21 Thar* being no other noalna tiana, on aotion duly made and saoondsd, It was: SaiOLVSD, that tarn Secretary be instrue ted to oast one ballot ror the above named .jfflcera. Tha Secretery announced that he had cast to* ballot aa instructed and said Officers wore thereupon dsclnrad duly slsetsd for the ensuing year and until their suocassors are alsctad and quailfled. The Chairman presented to to* masting statements of Hat Income and Sat Currant iiuta, estimated as of April 30, 1344, ahioh on aotion duly aads and seconded, eere approrad and ordarad plaoad on flla. On aotion duly aada, aaoondad and unanimously adoptad. It was: HSSCL7SD, that the aotion of the Offloars of tha Company In approring tha following Appropriation ha and tha aaaa baraby is ratlfisd, approrsd and oonflrmed: 3p. Daaorlptloo Aaount - Heplsalng auparbaater units in tha So. 9 and So. 10 caste Hast Boilers at tha Samlter of tha Siam! Plant # 10,000.00 Tha dearstary prasonted Deeds proparad in oonnaotion lth tha sale of aartain land laoatad in Teoele, Utah. On nation duly made, aaoondad and unanimously adopted. It BUI SS30LYID, that tha aatioo af tha Offloars of this Company In axaouting daad dated April 30, 1944, covaring tha sale of tat la. 4* Bloek So. 8, Kelsey Subdirlaian, Tooals, Utah, to Oarval L. Stevens and Ruth B. Stevens, In aonaldaratlon of tha sum of Tao Hundred Fifty Dollars (#850.00), ba and It hereby la In all raapaata ratlfisd, approaad and aonflrmad. On motion duly atda, aaoondad and unanimously adopted. It sms< RESOLVED, that tha aotion of tha Offloars of this Company in axaauting daad dated April 30, 1944, oowring tha sale of tot So. 4, Block So. 8, Kalaay Subdivision, Tooala, Utah, to George S. Warbur ton and -karjorle Werburton, in oonsldaratlon of the sum of Tao Hundred Fifty Dollars (#850.00), ba and it hereby la in all respeots ratifiad, approved end confirmed. pNrC0COO6759 I On ao tl on duly aada, seconded and unanimously adoptad. It was: R'.oCLVSU, tact tha cation of the jffiaara of to.la Company In executing daad da tad April dO, IMS, covering tha aala of lot So. S, Dioak :lo. i, dalaay Subdlvlalon, Tooele, Ctah, to Ralph <1. Kelson end Carol A. Ralcon, In oonaldara tion of tha sum of Two Hundred Fifty Dollars ($250.00), ha end It aaraby la In all respect* ratified, approved end oooflrasd. On notion duly made, eaeondad end unaolaouely adopted, It wee; RSdCLVaSD# that tha cation of tha Officer* of thla Coapeny In axaouting daad datad Hay 7, 1946, covering tna aala of Lot Ho. 3,.Bloak Ho. 3, Kelsey Subdivision, tooala, Utahi to Carver i. Iryen and Agneaa it. bryaa. In oonaldaratlOQ of tna aua of Two Hundred Fifty Dollars ($290.00), ba and It hareby la In all raapaata ratlflad, approved and confirmed. ' On an tion duly aada, aaoondad and unanimously adopted. It waet RBSOLVXD, that tha appointment of Hr. Clayton V. Kirkhaa aa Raaldant Agent for thla Company In tha State of Havada, ba and It hereby la eanoallad and revolted, and FURTHSr H23ULVKD, that Hr. D. *. Heal 1 ton of Rio tlnto, Savada, ba and ha hereby la appointed Raaldant Agent of thla Corporation In the State of Sava da and the Tloe-Preeldent and Secretary arc hereby author lead to aneuta oar tl flea ta of tha adoption of thla resolution to be filed la tha office of the Searatary. of State and other public offloes of tha State of Savada, aa required by the lave of Scvada. k. Fndirlak UUt pecscatcd prsyissd mtnata with tha Is mrip-- SaMltthg s m4 Safining PsMgsny far tha tmhiat ef lead bellian aad aala af by-yeaheat aaterlala free tha Perth Aahey haflaery. After dlaauaalsa it aaa, aa mUm duly made, tea coded aad nnsalmensly adaptadt XSSOLTBD, that tha prayer Officer# be aad they hareby are authorised ta wage*i ate aaatreat# with tha lawrlsaa heal ting sod Saflnlng C naysay far tha traatMsat of lead buUloa and far tha aala of by yradact aatarlala froai tha Perth Amboy heflnery aad* upao aatiafaatory tom appreved by Cewaaal, ta anacute tha same. Share being aa further bualnesa before the Board* on aotlen duly aada, aaeended aad adapted* tha eaatlng adjourned. /fj Jf/I/rth.. . (S) C.F----------- 5=n=r-^ PNK C00006760