Document bO9kjZOdbmnn5b0deZZ7jdeL6

nc.CLUTCH FACING AND BRAKE LH!HJG STAr:DAROS INSTITUTE, 370 LEXI:!GTON AVENUE, NE.! YCRK 17, NEVJ YORK Fl RST A~JNUAL MEETING OF THE CLUTCH FACING AND BRAKE LINING STN-.IDAROS PlSTITUTE, INC. NOW KNOWN AS FRICTION tATERIALS STANDARDS ltJSTITUTE, lt!C. THURSDAY, JUNE 23RD 1 1949 AT 10 A.M. AT THE v.HoTEL CoMMODORE, NEw YoRK, N. THE PRES I DENT CALLED THE MEET lNG TO ORDER AT 10.00 A.t-.1. AND ACTED AS CHAt R- MAN. MR. STICKLES WAS REQUESTED TO ACT AS SECRETARY. THE. CHAIRMAN . CALLED UPON THE ACTING SECRETARY TO CALL THE ROLL AND REPORT THE NUMBER 0~ PERSONS PRESENT IN PERSON OR BY PROXY. THE ACTING Se:CRETARV ANNOUNCED THAT THERE WERE SIX MEMBERS PRESENT IN PERSON AND ~IVE REPRESENTED BY PROXY AS FOLLOWS: MEMBER F1 aRE & r:,e:TAL. PRoDucTs, INc. GRIZZLY 1'1ANU~ACTURING CoMPANY LASCO BRAKE PRODUCTS CoRPORATION, LTD. MARSHALL-ECLIPSE DIVISION, BENDIX AVIATION CORPORATION !;oLDEO fv1ATERIALS- DIVISION, CARLISLE CoRPORATION RAVBESTOS-MANHATTAN, INCe RUSSELL MANUFACTURING CoMPANY ScANDINAVIA BEt.TINQ CoMPANY SoUTHERN FBI CT I ON tl\t.TERI ALS CoMPANY s.WELLMAN Co !loW>ANY' THE K. WoRLD Be:sTos CoRPORATION REPRESENT AT tVE. BEN FREIBAUM (PROXY) JosEPH G. BRoWN WILLIAM H. DuNN (PROXY) WRIGHT TISDALE (PaPxY) Ge:oRGE E. RtTTER FRANK Ml LLER AMoR P. SMITH VtNCENT A. BPtNA W1t.t..tAM H. DuNN (PROXY) T. A. NovoTNEY (PROxY) DoNALD H. SPICER OTHERS PRESENT RAVBESTOs-MANHATTANt INCe RussELL MANUrACTURING CoMPANY WILLIAM H. DuNN s.LEo SuLLIVAN o.LESTER STICKLES (LEGAL COUNSEL) THE CHA,RMAN THERil:UpqNANNOUNCED THAT A QUORUM. OF THE MEMBERSH-IP WAS PRESENT. THE CHAIRMAN THEN APPOINTED f>~SBRS. 13ROWN, BPtNA AND 8foiCER AS THE NOMINATINQ CoMMITTEE TO PRESENT NOMINATIONS FOR THE ELECTION OF THE MEMBERS TO THE BoARD OF DIRECTORS. ON THE REPORT OF THE OFFICERS, THE PRESIDENT INFORMED THE MEETING THAT THE SOLE AND SINGLE PURPOSE OF THE INSTITUTE WAS TO SEE THAT SERVICE WAS RENDERED TO THE MEMBERS BY THE PUSLICAT ION OF THE DATA BOOIC 1 ALONG WITH BULLETINS PERTAINING FMSI 00650 -2- THERETO, AND SERVICES RENDERED TO THE MEMBERS BY THE STAFF OF THE INSTITUTE CONCERNING PARTICULAR INFORMATION ~8"TO SIZES AND SPECIFICATIONS. HE FURTHER REQUESTED FULL COO~ERATION OF' ALL MEMBERS TOWARD THE END OF' MAKING THIS SERVICE OUTSTANDING. THE TREASURER THEN PRESENTED HIS REPORT AND SHoWED A BALANCE IN THE BANK AS OF' JUNE 23RD, i949 OF ~3, 041.73. HE THEN PRESENTED A GENERAL STATE~~NT AS TO THE I TEI.1S OF EXPENSE F'Of:t THE ENf'UI NG YEAR, AND FURTHER REQUESTED THAT HE BE GIVEN THE AUTHORITY TO EXPEND $t5Q TO HAVE THE BOOKS OF.THE INSTITUTE AUDITED. fN ADDITION HE REQUESTED THAT A PROPOSED BUDGET BE PREPARID COVERING THE FIRST QUARTER OF. THE ENSUING YEAR AND THAT IT BE SENT TO THE MEMBERS F'OR THEIR CONSIDERATION AND APPROVAL. AFTER DISCUSSION, UPON MOTION DULY MADE, SECONDED AND UNANIMOUSLY PASS~D, IT WAS RESOLVED, T~AT THE TREASURER's REPORT BE ACCEPTED As WRITTEN AND THAT HE SHALL BE AUTHORIZED TO EXPEND ~150.00 FOR THE AUDIT OF THE BOOKS OF THE INSTITUTE FOR THE ENSUING YEAR AND THAT HE ~REPARE A TENTATIVE BUDGET COVERING THE VlR81' QUARTER OF THE VEAR, WHICH HE WILL BEND TO THE MEMBERBHI~ FOR THEIR CONSIDERATION ANO ~PROVALe MR. DUNN, AB CHAIRMAN OF THE DATA BOOK CoMMITTEE, REPORTED THAT AT A MEETING OF' THE CoMMITTEE HE WAS AUTHORIZED TO CONTRACT II'OR THE PRINTING 011' THE DATA BooK. THIS CONTRACT WAS PREPARED II'OR 75,000 COPIES OF THE SAME AND THE ORDER WAS PLACED WITH THE CAREY PRESS OF Nw YORK CITY, WHO WERE THE LOW BIDDERS FOR THE WORKe UpoN MOTION DULY MAD 1 SECONDED AND UNANIMOUSLY PA8SED 1 IT WAS RESOLVED, THAT THE CONTRACT WITH THE CAREY PRESS FOR THE PUBLICATION OF 15, Q00 CO~IEB OF THE DATA BOOK 18 HEREBY R~TIII'IED AND APPROVED. MR. STICKLES WAS THEN CALLED UPON SY THE CHAIRMAN TO REPORT AS COUNSEL UPQN THE DISSOLUTION OF THE BRAKE LINING MANU~ACTURERSt AssOCIATION, INC. AND THE ACQUISITION OF THE ASSiTS BY THE IN8TITUTEe THE MEETING WAS INFORMED THAT ON SEPTEMBER 23RD 1 1948 BRAKE LINING M11NUFACTURER8 1 AssOCIATION, INC. WAS OFFICIALLY DISSOLVED. THE BOARD OF DtRECTOR8 ACTINQ AB T-~8TEE8 IN WINDING UP THE BUSINESS OF THE AsSOCIATION ATTEt4'TED TO PR'E8ERVI THE DATA BOOIC INFORMATION BY KEEI'INQ IT UP-TD-DATE AS F'AR AS POSSIBLE ON APRIL 27TH 1 1949 AMEETING OF' THE SAID BOARD OF DIRECTORS OF BL~~ tN DISSOLUTION WAB HAD1 AT WHICH TIME AN OFFER WAS MADE ON BEHALF OF THE INSTITUTE TO PURCHASE THE ASSETS OF THE AsSOCIATION WITH THE EXCEPTION OF THE CASH ON HAND AND U. S. SAVINGS BoNDS, F'OR THE SUM OF' 014,000. THIS OFF~ BY THE INSTITUTE WAS ACCEPTED BY THE BoARD QF DIRECTORS OF BRAKE LINING r:1ANUFACTURERS 1 AsSOCIATION, INc., ACTING AS TRUSTEES IN THE DISSOLUTION OF' THE AaSOCIATIONe AN ASStGNMENT OF' ALL COPYRIGHTS ISSUEO TO aRAKE LINING MANUF'ACTUR~Bt AseOCIAT_ION 1 INC. FROM THE INCEPTION OF THE PUBLICATION OF THE DATA BooK TO DATE /AS MADE TO THE INSTITUTE AND A BILL OF SALE WAS ALSO EXECUTED BY THE OFFICERS OF BRAKE LINING MANUFACTURER8 1 AsSOCIATION, INCo TRANSFERRING THE FIXTURES AND OTHER ASSETS TO THE INSTITUTE. IN COMPLETING THE TRANSACTION THE INSTITUTE ASSUMED A POSSIBLE CONTINGENT LIABtLITY OF' THE 3RAKE LINING MANUFACTURERS' AssOCIATION, INCo IN THE MAXIMUM PRINCIPAL SUM OF ~21 500.00. THE LtQUIDATION OF' THE BRAKE LINING MANUFACTURERS 1 AssOCIATION, I"'Co WAS CO,.LETED AB OF' ApRIL 30TH1 1949. IT WAS FURTHER DISCLOSED THAT THE CONSIDERATION OF ~14,000 PLUS CASH ON HAND AND U. S. SAVINGS 80NDB IN ITS POSSESSION, WAS SUFFICIENT TO ALLOW THE BRAKE LINtNG MANUFACTURE..S 1 ASSOCIATION, INC. TO PAY OF'II' ITS 08LIGATION AND END UP WITH NOTHING IN THE FMSI 00651 -3~REASURV, AND ~URTHER THAT THIS $14,000 WAS RAISED FROM MEMBERS OF THE INSTITUTE BY ASSESSMENT AND PAID TO THE OLD AsSOCIATION. THE BOARD OF DIRECTORS AT A SPECIAL MEETING HAD AUTHORIZED THE OFFER ABOVE SET ~ORTH FOR THE ASSETS OF THE BRAME LtNING MANUFACTURERS' AsSOCI~TION, INC. AND THE CHAIRMAN REQUESTED TH&T THE RESOLUTIONS PASSED BY THE BOARD OF 0tRECTOR8 BE PRESENTED TO THEMEETINQ IN ORDER THAT THE MEM&ERSHIP WOULD HAVE AN OPPORTUNITY OF RATIFYING THE SAME. THE ACTING SECRETARY READ THE SAID RESOLUTIONS AND THEY WERE ACTED UPON IN THE ~OLLOWING ORDERe UPON MOTION DULY MADE, SECONDED AND UNANIMOUSLY PASSED THE ~OLLOWING RESOLUTIONS ADOPTED AT THE SPECIAL MEETING OF THE BoARD OF DIRECTORS ON APRtL 27TH, 1949 1 WERE RATIFIED AND CONFIRMED: WHEREAS, BLMA HAS FOR A NUMBER OF YEARS PUBLISHED A DATA BooK WHICH HAS SEEN AN IMPORTANT FACTOR IN STANDARDIZING SPECIFICATION AND SIZES IN THE INDUSTRY; AND WHEREAS, SAID B~~ 18 NOW IN DISSOLUTION AND HAS DISCONTINUED THE PUBLICATION OF THE DATA BooK; AND WHEREAS, fT IS THE CONSENSUS OF OPINION OF THIS BoARD OF DIRECTORS THAT THE INTEREST OF THE MEMBERS OF THE INSTITUTE AND THE INDUSTRY AT LARGE WtLL BEST BE SERVED BY PURCHASING THE PUBLICATION RIGHTS TO THE DATA BooK AND CONTINUING ITS PUBLICATION; AND WHEREAS, THE PRESIDENT OF THE INSTITUTE HAS MADE AN OFFER ON THE INSTITUTE 1S BEHALF FOR THE PURCHA8E OF CERTAIN OF THE ASSETS OF BUIA, tNCLUDfNQ . "'- , PUBLICATION RIGHTS TO THE DATA cOOK; ANO WIREAS, THE AsaoctATtON HAS ACCEPTED THE OFFER OF THE INSTITUTE WITH THE CONDITION THAT THE INSTITUTE SAVE HARMLESS THE MEMBERS OF THE BOARD OF 01 RECTORS OF THE AssOCIATION, IN DISSOLUTION, OF AND FROM ANY LIABILITIES OF THE AsSOCIATION NOT NOW PROVIDED FOR1 UP TO AN AGQREGATE PRINCIPAL BUM OF $2, 500; NOW THEREF"ORE, BE IT RESOLVED, THAT IT IS TO THE BEST INTERESTS OF THE MEMBERS OF THE INSTITUTE AND OF THE INDUSTRY AT LARGE THAT CERTAIN ASSETS OF BUMA, IN DISSOLUTION, AS SET FORTH A80YE1 BE ACQUIRED; AND BE tT FURTHER FMSI 00652 -4- RESOLVED, THAT THE OFFICERS OF THE INSTITUTE BE AND THEY HEREBY ARE AUTHORIZED AND DIRECTED ON BEHALF OF THE INSTITUTE TO ~URCHASE ALL OF THE ASSETS OF BlMA, IN DISSOLUTION, WITH THE EXCE~TION OF CASH tN BANK AND INVESTMENTS, AND INCLUDING ALL RIGHTS TO THE DATA BoOK1 FOR THE SUM OF -rou~EEN THOUSAND ($14,000) 0oLLARS1 AND WITH THE FU~HER ~ROVISION THAT Trll3 INSTITUTE SAVE HARML88 THE ter.eER8 01" THE BoAR!") OF D1 RECTOR8 OF THE AS80CIATION 1 IN DISSOLUTION, Or AND FROM ANY LIABILITIES OF THE Ae80CIATION 1 ~AYMENT OF WHICH HAS NOT BEEN FULLY ~ROVIDED FOR, U~ TO AN AGGREGATE PRINCI~AL SUM OF $2,500; AND BE IT FURTHER RESOLVED, THAT THE TREASURER OF THE INSTITUTE ~ON DELIVERY TO THE INSTITUTE OF THE A88ETS ACCO~ANIED BY INSTRUMENTS OF TRANsFER AND ASSIGNMENT tN A FORM APPROVED BY COUNSEL TO THE INSTITUTE, SHALL PAY TO BLMA THE SUM OF FOURTEEN THOUSAND (.14,000) 0oL~Rs; AND BE IT FURTHER RESOLVED, THAT THE PRESIDENT 01" THE INSTITUTE BE AND HE HEREBY IS AUTHORIZED TO EXECUTE AN INSTRUMENT WHEREBY THE INSTITUTE SAVES HARML.ESS TIC MEMBERS OF THE BoAAD oF DtRCTORs OF THE AssociATION tNota80LUTION, oF AND FADM ANY LIA81LITIES OF THE AsSOCIATION NOT NOW PROVIDED rQR 1 UP TO A MAXIMUM AGGREGATE SUM OF ~2,500. RESOLVED, THAT THE aOTIDN 01" THE PRESIDENT IN LEVYING AN A88EBSMENT UNDER DATE OF MARCH 231 1949, AND A SUPPLEMENTAL .ASSESSMENT UNDER DATE OF AftRIL 20, 1949, IN ACCORDANCE WITH THE PROVf810N8 OF SECTION 2 OF ~ICLE VIII ANO SECTION 3 0"1" A~ICI.E IX 01" THE CoNSTITUTION, FOR THE PURPOSE 01" RAI81NQ THE NEo- ESBARV FUNDS WITH WHIOH TO PURCHASE THE A88ETS OF BUMA1 IN DI8SOLUTION1 BE AND THE SAME HERESY IS APPROVED, RATIFfE~ AND CONI"IRMEDe RESOLVED, THAT THE INSTITUTE PUBLISH A NEW EDITION OF THE DATA BooK UNDER THE ~ FRICTION :i\TERI \LS DATA BOOK, WtTH PUBLICATION DATE OF JUNE 11 19491 OR A8 SOON THEREAFTER AS PRINTtNG AND DI8TRJBUTION CAN BE ACOO~LISHED 1 AND IT IS FURTHER RESOLVED, THAT THE TREASURER OF THE INSTITUTE BE AND HE HEREBY I 8 AUTHOR I ZED AND DIRECTED TO ENTER. INTO A CONTRACT, ON 8EHALF 01" THE INSTITUTE, FOR THE PRINTING 01" THE NEW DATA 8oOK1 ~tTH SUCH PRINTIN. COMPANY A8. HE MAY IN HIS DISCRETION SELECTe RESOLVED, THAT MR. VINCENT A. S..tNA SE AND HE HEREBY IS APPOINTED A CoMMITTEE OF' ONE TO TAKE SUCH STEPS A8 HE DEEMS Nl:oE88ARV TO ANNOUNCE IN AP~ROPRIAT TRADE JOURNALS AND OTHER MEDIA, THE ORQANIZATION OF' THE NEW INSTITUTE FMSf 00653 -5- RESOLVED, THAT THE o~~ICERS oF THE INSTITUTE BE AND THEV HEREBY ARE AUTHORIZED AND DIRECTED TO TAKE OVER THE PREMISES Now occuPIED sY BLMA AT 370 LEXINGTON AvENuE, NEw YORK 17, NEW YORK, AND TO PAY THEREFOR TO THE LANDLORD THE RENT OF .) 149.50 PER MONTH. RESOLVED, THAT THE OFFICERS OF THE INSTITUTE BE AND THEY HEREBY ARE DIRECTED TO PRESENT AT THE NEXT MEETING OF THE MEMBERSHIP A RESOLUTION AMENDING SECTION I OF ARTICLE IX OF THE CoNSTITUTION SO AS TO READ AS FOLLOws: 11 SECTION I, INITIATION FEE. 11 THE INITIATION FEE PAYABLE UPON ADMISSION TO THE INSTITUTE SHALL BE $1,000.00, EXCEPT THAT ANY MEMBER ELECTED TO MEMBERSHIP AS A CHARTER MEMBER BY THE INCORPORATORS AT THEIR FIRST MEETING 1 OR ANY MEMBER ELECTED TO MEMBERSHIP ON OR BEFORE JUNE 6TH 1 1949, SHALL NOT BE REQUIRED TO PAY ANY INITIATION F'EEe 11 RESOLVED, THAT AN ASSESSf\oiENT BE LEVIED IN THE AMOUNT OF i;l4,500.00 AND IN THE RATIO PRESCRIBED UNDER SECTION 2 OF' ARTICLE IX OF THE CoNSTITUTION, FOR THE PURPOSE OF CARRYING ON THE WORK OF THE INSTITUTE FOR THE BALANCE OF THE FISCAL YEA~ ENDIN~ JUNE 30, 1949, AND IT WAS FURTHER RESGLVED, THAT THE TREASURER OF THE INSTITUTE BE AND HE HERESY IS AUTHORIZED AND DIRECTED TO SEND OUT APPROPRIATE NOTICES OF ASSESSMENT TO EACH INDIVIDUAL MEMBER COVERING HIS PROPORTIONATE SHAREe THE QUESTION AS TO WHETHER OR NOT THE DATA BoOK INFORMATION V~ULD BE AVAILABLE oR ANY CONCERNS NOT MEMBERS OF' THE INSTITUTE WAS PRESENTED AND AFTER A LENGTHY DISCUSSION THE FOLLOWING RESOLUTION WAS DULY PRESENTED, SECONDED AND UNANIMOUSLY OP.SSED: RESOLVED, THAT THE DATA BooK INFORMATION PUBLISHED OR UNPUBLISHED, OR ANY SERVICES RENDERED THEREWITH BY THE STAFF' OR THE MEMBERS OF' THE INSTITUTE WILL NOT BE FURNISHED TO ANY INDIVIDUAL, CORPORATION OR FIRM OUTSIDE THE MEMBERSHIP OF THE INSTITUTE EITHER GRATUITOUSLY OR FOR A CONSIDERATION, EXCEPT THAT COMPLIMENTARY COPIES OF' THE DATA BOOK MAY BE ~URNISHED TO INDIVIDUALS AND FIRMS APPROVED BY THE DATA BOOK CoMtll ITT EE THE QUESTION AS TO THE PROPOSED CHANGE OF NAME OF THE INSTITUTE WAS THEN ?RESENTED F'OR CONSIDERATION AND AFTER DISCUSSION, THE FOLLOWING RESOLUTION WAS "RE::JF:NTED 1 SECONDED AND UNANIMOUSLY PASSED: RESOLVED, THAT IT IS TO THE BEST INTERESTS OF THE INSTITUTE THAT ITS NANIE BE cHANGED To FRICTION lv!ATER IALS STAriJ.l.RDS INSTITUTE, INC. AND BE IT F'URTHEA RESOLVEu, THAT THE OFFICERS OF THE INSTITUTE BE, AND THEY HEREBY ARE 1 AUTHORIZED TO APPLY TO THE SECRETARY OF THE STATE OF NEW YORK, IN FORM APPROVED SV COUNSEL, FOR THE PURPOSE OF' ACCOMPLISHING THE CHANGE OF NAME ABOVE SE.T FORTH. FMSI 00654 -6- THE NoMINATING CoMMITTEE WAS ASI<ED BY THE CHAIRMAN T.O REPORT PRIOR TO THE HO~DINQ 0~ THE ELECTION 0~ DIRECTORSe THE CHAIRMAN 0~ THE SAID CoMMITTEE PRESENTED THE CoMMITTEE 18 REPORT AND NOMINATED THE ~OLLOWING ~OR MEMBERS 0~ THE BOARD: THOMAS L. GATKE - DIRECTOR AT LARGE CLASS CLASS 11 I! t TWO YEAR TERM- FRANK MILLER. U 11 . 11 - FRED WEYBURNE CLAss Ill, n " 11 -G. E. RITTER CLASS I 1 ONE YEAR TERM - JOSEPH BROWN. CLASS II, " " u AMOR P. SMITH CLASS Ill, " u VINCENT SPINA THE CHAIR CALLED ~R NOMINATIONS ~ROM THE ~LOOR AND THERE WERE NONE PRESENTED. UpoN MOTION DULY MADE, SECONDED AND UNANIMOUSLY ADOPTED, IT WA8 RESOLVEJ, THAT THE ACTING SECRETARY CAST ONE BALLOT EACH ~OR~~. GATKE rv1R .. r/:1 LLER, ~~iR. WEYBURNE, MR. RtTTEIIt, I<Re BROwN, lviR. SMITH AND ~IRe 8Pt NA 1 TO BE MEM!!ERS OF' THE BOARir OF' D1 RECTORS IN ACCORDANCE WITH THE PROVISIONS OF THE CoN8TI1"UTION AND DY-UW8e THE ACTING SECRETARY ANNOUNCED TO THE MEETING THAT HE HAD CAST ONE VOT& EACH ~OR THE RESPECTIt NOMINEES AND THE CHAIR ANNOUNCED THAT THEY HAD SEEN DULY ELECTED r.1EM3ERI OF THE BOARD OF' D1 RECTORSe (AT THIS POINT LUNCHEON RECESS WAS TAKEN) THE MEETING WAS RESUMED AT 1:30 P.M. THE QUESTION AS TO THE CONTINUATION OF ~URNtSHING COPIES 0~ THE DATA BooK TO CERTAIN INDIVIDUALS EMPLOYED BY CARt CLUTCH AND BRAKE MANU~ACTURER8, WHO ASSISTED IN ASSEMBLING 0~ DATA BooM IN~RMATfON WAS ~ULLY DISCUSSED AND UPON MOTION DULY ~MOE, SECONDED AND UNANIMOU8LV ADOPTED, IT WA8 RESOLVED, THAT THE DATA BooM CoMMITTEE ESTABLISH AN APPROVED LIST 0~ CAR 1 CLUTCH AND BRAME MANUFACTURERS, dOTH AS TO C0MPANfE8 AND INDIVIDUALS Ta WHICH COMPLI- MENTARY COPIES OF' THE DATA BoOK BE SENT 1 TOGETHER WITH A LETTER ~ROM YHE PRESIDENT OF' THE INSTITUTE. THE QUarriON AS TO WHAT HEADING WOULD BE USED IN DESIGNAt'tNG NUM!!ERS ~OR DATA BOOK PUBLICATtON WAS DISCUSSED AND UPON MOTtON DULY MADE, SECONDED AND UNANIMOUSLY PASSED, IT WAS RESOLVED, THAT THE LETTERS Fi'"S BE USED IN ALL RE~ERENCE TO THE DATA BoOK INF'ORMATIONe CoNSIDERATION WAS NEXT GIVEN TO THE RE~UEST 0~ THE CANADtAN BUMA TO BECOME A MEMBER 0~ THE INSTITUTE A~TER DISCU88t0N THE ~OLLOWING RESOLUTION WAS DULY MADE, SECONDED AND UNANIMOUSLY PASSED: RESOLVED~ THAT THE APPLICATION Ofr THE CANADIAN BL.MA ~R MEIIISERSHIP IN THE I NST IT UTE BE RE~ERRED TO THE NEW 8oRD OF' DtRECTDR8 frOR INVESTIGATION AND REPORT BACK TO THE MEMBERSHIP AS TO ITS FINDINGS FMSI 00655 -7- THE qUESTION A8 TO THE METHOD 0~ RAISING DUES AND ASSESSMENTS WAS THEN ~ULLV D I SCUSSEDt AND IT WAS THE CONCENSUS 0~ OPINION 0~ THOBE PRESEt~T THAT THE NEW BOARD 0~ DIRECTORS SHOULD CONSIDER THE ENTIRE SITUATION AS TO DUES AND ASSESSMENTS AND REPORT ITS FINDINGS TO THE MEMBERSHIP ~OR ACTION. A LETTER ~ROM THE INLAND MANU~ACTURING DIVISION 0~ GENERAL tJ'oTORS CoRPORATION DATED JUNE 6TH 1949 WAS READ SV THE ACTING SECRETAR 1 UPON REQUEST 0~ THE CHAI~ MANe THIS COMMUNICATION RE~ERRED TO A DECLARATION POLICY 0~ THE INSTITUTE. A~TER A PROLONGED 0 I SCUSS lON THE FOLLOWING RESOl.l'T I ON \'/AS DULY PRESENTED 1 SECONDED AND UNANIMOUSLY ADOPTED: ~EqEAS. THIS INSTITUTE IS DEDICATED TO THE PUBLIC SERVICE AND DE'/OTED TO THE RENDERING 0~ TECHNICAL ASS I STANCE TO ITS MEMBERS; AND \'l}lEREAS. THES~ F".JRPOSES OF THE INST!7UTE CAN ElE8T BE ACCOMPLISHED THROUGH THE COOPERATIVE E~FORTS 0~ ALL OF THE MEMBERS OF THE INDUSTRY; AND ~~SREAS. IT IS THE CONCENSUS OF OPINION OF THE MEM3ERS OF' THE INSTI'iUTE GATHERED AT THlS :TS FIRST ANII:UAL i\ETING THAT A ~~EAP. STATEMENT OF PUR~OSES AND AC71V!!I~B BE ADOPTED; NOW, THEREFORE, BE IT R'::SOL".'[D. TlAT THE OB.JECT OF THIS INSTITUTE IS TO RENDER TECHNICAL M:SnsTANCE TO ITS MEM3ERS THROUGH THE PUBLICATION OF ':JA~'A F:EI..ATING TO DETAILED SPECI~IOATIONS 0~ BRAKES A"'u CLUTCHES; BV SUPPLYING TO THEM ENGINEERING DATA A~ TO SIZES TYPES AND DRILLING PATTERNS WHERE REQUIRED OF BRAKE LININGS AND CLUTCH FACINGS AS FURNISHED BY CAR 1 I rtpLEMENT 1 BRAKE AND CLUTCH MANUFACTURERS. THIS INFOR~TION AND DATA TO BE SUPPLIED TO MEMBERS IN THE ~ORM OF BLUE PRINT SPECIFICATION, DATA BOOK PUBLICATIONS AND SPECIAL BULLETINS; AND BE IT ~URTHER RESOLVED, THAT THE ~OREGOING OB.JECT SHALL BE ACCOMPLISHED THROUGH THE FOLLOWING ACTIVITIES; (1) 8v ~INTAINING A SMALL STA~F ~OR THE PURPOSE OF COLLECTING DETAILED SPECI~ICATIONS RELATING TO FRICTION MATERIALS TO BE UBEO IN CONJUNCTION WITH BRAKES CLUTCHES AND OTHER EQUIPMENT. ... (2) Bv HAVING SUCH STA~F EDIT AND ARRANGE THE TECHNICAL DATA FOR PUBLICATION AND DISTRIBUTION TO MEM3ERS. (3) BY PUBLISHING PERIODIC EDITIONS 0~ THE ~RICTION MATERIALS DATA BOOK CONTAINING THE TECHNICAL AND ENGINEERING DATA ASSEMBLED BY ITS STA~~ ANO PUBLISHING FROM TIME TO TIME SUPPLEMENTS AND BULLETINS TO SUCH ANNUAL DATA BoOK IN ACCORDANCE WITH THE REQUIREMENTS OF THE MEM3ER8 FMSI 00656 -B- (4) To MAKE AVAILABLE THE DATA BOOK, BLUE PRINTS AND BULLETINS TO MEMBERS 0~ THE INSTITUTE; AND BE IT ~URTHER RESOLVED, THAT THE ~OREGOING SHALL CONSTITUTE THE SOLE OBJECT AND ACTIVITIES 0~ THE INSTITUTE AND THAT THE DIRECTORS AND OF"~ICERS ARE HEREBY RESTRICTED F"ROM DEVIATING ~ROM OR EXTENDING THE F"OREGOING OBJECT AND ACTIVITIES WITHOUT THE PRIOR CONSENT OF" THE MEMBERSHIP GIVEN AT A MEETING PROPERLY CALLED F"OR THAT PURPOSE. IT WAS STATED THAT IT WOULD BE ESSENTIAL TO SEND OUT STATEMENTS COVERING DUES F"OR THE F"IRST QUARTER, IN VIEW OF" THE F"ACT THAT-~ ~Ut.L BUDGET HAD NOT BEEN PRESENTED F"OR CONSIDERATION BV THE MEMBERSHIP 1 AND UP0N MOTION DULY MADE, SECONDED !!oNO UNANIMOUSLY PASSE0 1 IT WAS RESOLVED, THAT THE DUES F"OR THE F"IRST QUARTER OF" THE ENSUING YEAR F"OR MEMBERSHIP BE A~R I VED AT BY THE SAME F"OR~!ULA AS THAT USED IN F"IXING THE ASSESSMENT THAT WAS PAID BV \1EfJIB ERS OF" THE I NST !TUTE ~OR THE PURCHASE OF" THE ASSEiS OF" THE 1RAKE.LINING MANUF"ACTURERSI AssOCIATION,INC~ THe QUESTION AS TO WHETHER OR NOT THE INSTITUTE WOULD MAKE ANY CONTRIBUTIONS T~' -:-Hr;: PL'BLIC RoADS AcvtsoRv CoMMITTEE OR THE NATIONAL SAF"ETY CouNCIL WAS Dls::ussED, AND UPON MOTIOi-1 D:JL.Y. c1ADF. 1 SECONDED AND UNANit.'OUSLY ADOPTED 1 IT WAS RESOLVED, THAT 'fHE QUEST ION OF" CONTRIBUTIONS BE REF"E-RRED TO THE NEW BOARD OF" DIRECTORS F"OR THEIR DETERMINATION AND WITH THE POWER TO ACT THEREON F"OR THE lNSTITUTEe UPON THE REQUEST OF" THE CHAIRMAN THE AcTING SECRETARY THEN READ A LETTER c-r,o'Vl ASBESTOS MANUF"ACTUR I NG COMPANY 1 DATED JUNE 6TH 1 1949 1 TENDERING ITS RE- SIGNATION AS A MEII.'IBER OF" THE INSTITUTE TO TAKE EF"F'ECT IMMEDIATELY. THIS COMMUNICATION WAS RE~ERREO TO THE NEW BOARD 0~ DIRECTORS F'OR CONSIDERATION AS TO WHETHER OR NOT THE REQUIREMENTS 0~ THE CaNST ITUT ION A~~D Bv-lAWS 0~ THE INSTITUTE HAD BEEN CO. . LIED WITH 1 AND WITH. AUTHORITY TO ACT UPON THE REQUEST. FuRTHER LETTERS F"ROM ASBESTOS MANU~ACTUR I NG CoMPANY UNDER OAT&: 0~ JUNIO: I6TH 1 . (2) AND JUNE 17TH 1 REQUESTING PARTICULAR INF"ORMATION ABOUT SPECI~ICATIONS AND BRAKE LININGS WERE THEN READe iv1R. STICKLES, AB COUNSEL WAS REQUESTED TO REPORT ON THE APPL l CAT I ON F"OR THE ADOPTION OF" RULES 0~ FAIR PRACT~CEt NOW PENDING BE~ORE THE FEDERAL TRADE CoMMISSION. AF"TER A REPORT WAS PRESENTED, AND THE MATTER F"ULLY DISCUSSED, UPON t.'OTION DULY fviADE: SECONDED AND UNANIMOUSLY ADOPTED 1 IT WAS R~80LVE0 1 THAT NO ~URTHER ACTION BE TAKEN BV THE INSTITUTE F"OR HAVING CON~ERENCES TOWARD THE END 0~ ADOPTING RuLES 0~ FAIR PRACTICE. THERE BEING NO F"URTHER BUSINESS TO COME BEF"ORE THE MEETING, UPON M:>TION DULY ;MOE AND SECONDED 1 IT WAS A DJ 0 URNED D.LEST~R STICKL~S (ACTING SECRETARY) FMSI 00657