Document bY7p3136Ey0L63ZvOa65bJQ3
Minutes of Regular Meeting of the Board of Directors of National Lead Company held at No. Ill Broadway, New York City, on Thursday, June 26, 1950, at 10 o'clock A.M.
Present: Messrs. Beale, Beschorman, Brodrick, Carter,
Cornish, Croft, Field, Rockwell, Sidford and Taylor.
Absent: Messrs. Carpenter, Caselton, Dorsey, McCarty and
Thompson.
Present by invitation: Messrs. Bail, Greene and Merrick.
The minutes of the regular meeting held May 22, 1930, 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
11190.21
for construction and erection of five new pulp mixing tanks at St. Louis Lead & Oil Works,
St. Louis Branch.
do $1127.56, in addition to previous appro priation for the purpose, for installation of an IngersollRand Air Compressor for fumed litharge plant, St. Louis Lead & Oil norks, St. Louis Branch.
do $1750.00 for purchase of a Clark Tructractor for Matawan plant, Atlantic Branch.
do $ 700.00 for purchase of a coke conveyor for Matav/an plant, Atlantic Branch.
do $ 625.51 for the purchase and machining of one steel Barton pot for St. ijouis Lead & Oil *orks, St.
Louis Branch.
0000-NLI-000021845
when signed by George m. Wambold, Superintendent, or Robert Van E. martin, Assistant Superintendent, or Richard Ii Townley, Comptroller, or Harry 0. Matthews, Assistant Comptroller, or James H. nopkins. Assistant Comptroller, any one of them.
RESOLVED, that for the purpose of effecting greater economies in production and distribution the manufacture of white lead at Eckstein Works, Cincinnati Branch, and at Sterling works, .National uead & Oil Company of Pennsylvania, and the operation of the Carter Unit at Southern Works, Chicago Granch, be and they hereby are ordered discontinued as soon as practicable without loss of lead in process, pending further action of this Board, and that arrangements be made under the supervision of the Production manager for the supply of the white lead requirements of said Branches, either Dutch process or Carter process or both as the case may be, from other plants of the Company most economically located for the purpose.
RESOLVED, that pending further action of this Board or of its Executive Committee the following officials of the Company be and they hereby are authorized to sign all checks or other orders for the payment of money against the bank accounts carried by this Company with union Avenue Bank of Commerce, Aansas City, Missouri, under the designation National Lead Company, Bt. Louis branch; Charles L. naas, Manager, and Tilda C. ^eison, Casnier, either one of them.
RESOLVED, that pending further action of this Board or of its Executive Committee the following officials of the Company be and they hereby are authorized and empowered to sign and countersign all checks or other orders for the payment of money against the bank accounts carried by this Company with the united States National Bank of Cmaha, Nebraska, under the designation National Lead Company, St. ^ouis branch: for signature, H. ft. Shepherd, manager, and F. Boien, Plant Manager, either one of them; and for counter signature, F. Boien, Plant Manager, and Florence C. Smith, Cashier, either one of them; two separate signatures to be required in all cases; provided, however, that checks against the Payroll Account carried with said bank shall be valid when signed by any one of the above named, officials, without countersignature.
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0000-NLI-000021846