Document drKNdpgX2an9Y0OeDJb16Lq0

( h wrm or Mtmm OP TEE TXSCmVt OOUCTTZX OP TBS OLIIffiBf CCKPAjrr * Minute* of meeting of the Executive Comslttee Of The QltdAen Company held at the office of the Company, 1396 Union Commerce Building, . Cleveland, Ohio on Friday, February 27, 1953 at 3:00 P.M* The following metobere of tbe Committee veto pro*eat: Dvlght F* Joyce B. V* Kascey R. D. Horner Kessxe. Adrian D. Joyce, P. B. Sprague, J. P. Roth and* J. A. Patera were not present at tbe Meeting. In tbe absence of the Chairman, Nr. Dvlght P. Joyce, President, presided er*i Hr. R. D. Horner, Secretary, recorded the Minutes. 1 The Committee, upon motion duly Made end seconded, unanimously approved a contract enhaStted by the Secretary hereby the Company agreed to lease frou Tbe Hay Department Stores Company la Baltimore, Maryland, 1,100 square feet of space, located on the sixth floor of the Nay store In that city, for tbe purpose of tafclx* over a-paint department previously operated by Tbe May Departent Stores Company. Under the agreement the May store would be granted compensation equivalent to 17^ of Tha Glidden Coapany'e total paint sales made in the Nay store. The Coarfttee considered the purchase of recant property ad joining the Faint Division** Kev Orleans plsat, negotiations for which had previously beta authorised by tbe Board of Director* on January 16, 1953* Upon notion duly smde, seconded ana unanimously carried. It mae N5S01.VEP, that Hr. V. 0. Srt be and he is hereby authorised to murchaee or behslf of this Corporation certain real property known as SUt-16 and 2U&-2C Rceaeui Street, Few Orleans, Louisiana, for the sue of Thirteen Thousand Dollar* ($13,000), and to execute any and all docu ments, in-.lv'ins ea Act of Bale which may be required by law to consuaaate ssld purchase. GLD024315 :A:y * i i; .4 U .v <.*;O' vif -j W*: 2S,*. sji'.'vj c A fora or m1*m providing for *be subordination f f the elalas of Bolls A ftcMltbols, Agricola, and goal* to the other creditors of Werner A Bolls, so Insolvent partnership trading 1 soybean seel vu, upon action duly Bade sad seconded, \msntaously approved by the Coaslttee. Tbit ap-proml vea conditioned upon the uaaainous approval sad execution of the release by all other creditors of Werner A Bolle effected by the subordination agreement. The Comlttee considered and, upon notion duly aade and seconded, unantnously approved a contract vlth The Bagle-Picher Sales Company hereby Xagle-Plcber agreed to buy Its resale re^utreaents of dry carbonate of uMte lead for a period of flee years froa the Cheaicale, Pigments A Metals Division. There being no further business to c o m before the COM&tttee, the meeting v&s, upon Ballon duly Mde and seconded, tmauleously adjourned. j .i