Document evjNG8epd4prv4oNZ4Vowqo4q

Minutes of Regular Meeting of the Board of directors of National Lead Company held at No. Ill Broadway, New York City, on Thursday, February 21, 1929, at 10 o'clock A. M.______________________________________ _______ Present: Messrs. Beale, ^eschorman, Brodrick, Carter, Caselton, Cornish, Croft, McCarty, Rockwell, Sidford, Taylor and Thompson. Absent: Messrs. Carpenter, Dorsey and Field. Present by invitation: Mr. Merrick. The minutes of the regular meeting held January 17, 1929, were read and duly approved. On separate motions the following resolutions were each unanimously adopted, the roll being called where the ex penditure of money was involved. RESOLVED, that the following actions of' the Executive Committee be and they hereby are approved. Appropriating $18,000.00 for construction of office building, Buffalo Branch. do Approving ex penditure of $ 2,332.00 for removal from Atlantic Works and installation at Perth Amboy White Lead Plant, Atlantic Branch, of five lead storage tubs. $ 835.60 by National Lead Company of California, in addition to turnin value of old car replaced, for purchase of Buick business coupe for salesman. Appropriating $ 2,500.00 for purchase and installation of Baker Perkins Universal Mixer for General Research Laboratories. do $ 565.71 for repairs to four oxide furnaces at St. Louis Lead & Oil Works, St. Louis Branch. 0000-NLI-000021809 1S3 r.ESOLVED, that the action of the officers of the Company in renewing for the year 1929 the annual contribution of $22000. to Save the Surface Campaign heretofore made by this Company for each of the five years ended December SI, 1923, be and it hereby is approved, ratified and confirmed. v RESOLVED, that the officers of the Company be and they hereby are authorized to contribute the sum of $2500. toward the work of Rational Clean Up and Paint Up Campaign Bureau for the year 1929. RESOLVED, that the action of the officers of the Company in causing a corporation to be organized under the laws of the State of Delaware with the name Titan Company, Inc. for the purpose of acquiring and managing, to such extent as may be found most expedient, the interests of this Company and of Dr. Oustav Jebsen in the manufacture and sale of titanium products in Europe, be and it hereby is approved, ratified and confirmed. RESOLVED, that effective February 23, 1929, published card prices of white lead, dry andin oil, basic lead sulphate, and oxides in kegs, be and they hereby are increased l/4 per pound. 0000-NLI-000021810