Document gD9zk5zYLz6vbJVqYJbd5naxN

Min u t e s o f Me e t in g o f EXECUTIVE COMMITTEE h e l d We d n e s d a y , FEB:RUA,RT 16;, 1955s AT 1 I S 00 0 f C L 0 C K At. M'V : ; ------ PRESENT'*.. Me s s r s * Ha r u n d , Bu r a e v , Dr e w e s , Me r s o n , Re id , Wa r s h o w , We l c h , a n d Wi l o n e r {J A. Ma r t in o , Ch a ir ma n ; J. *. B: HiEW 'R: 1, C H.,i S'E:0 RET A RY )' Th e min u t e s o f t h e me e t in g o f Ja n u a r y 25, 1955 w e r e DULY APPROVED Up o .n : mo t io n , t h e f o l l o w in g a p p l ic a t io n s f o r a p p r o p r ia t io n s w er e d u l y appr o v ed ; $ 600.00; C o n t r i b u t io n ; Me mb e r s h ip Du e s in t h e Emp ir e St a t e Ch a mb e r o f Co mme r c e f o r o n e y e a r f r o m Ma r c h I, 1955 t o Fe b r u a r y 28, 1956. 61,000.00; Ad v e r t is in g De p a r t me n t ; Dis n e y l a n d Ex h ib it f o r Na t io n a l Le a d Co mp a n y in To mo r r o w l a n .d Bu il d in g , Dis n e y l a n d , Or a n g e Co ., Ca l if o r n ia . 2,145.19: At l a n t a Br a n c h Pu r c h a s e o f 1955 Fo r d Fo u r Do o r Se d a n , At l a n t a , Ge o r g ia . 4,105.00; Re p l a c e me n t o f Bl a s t Fu r n a c e Bl o w e r , At l a n t a , Ge o r g i a . 2,500.00; At l a n t ic Br a n c h ; Re p a ir o f Ke n t Fiv e Ro l l Mi l l , Pe r t h Amb o y , Ne w Je r s e y . Ba r o i d Div is io n 4,057.20; Pu r c h a s e o f Fo u r Ho u s e Tr a il e r s , Ho u s t o n , Te x a s . 55,296.00; Al t e r a t io n s t o Air Co n d it io n in g Sy s t e m, Ho u s t o n , Te x a s . 2,21 I.00: Pu r c h a s e o f 1955 Fo r o Tu d o r Se d a n , Ho u s t o n , Te x a s . 9,733.00: Pu r c h a s e o f Ra il r o a d Ca r Un l o a d in g Eq u ip me n t , Co r p u s Ch r is t i , Te x a s . 10,353.00:' Ex p a n s io n o f Bu l k Ar q u a d 2 HT St o r a g e , St . Louts Le a d & Oil Wo r k s , St . Lo u is , Mis s o u r i. 5,416,00: Re p a ir o f No . 4 Ba l l Mi l l , Ma g n e t Co v e Pl a n t , Ma l v e r n , Ar k a n s a s . Ch ic a g o Br a n c h 5,412.00: Re p a ir s t o Ra y mo n d Mi l l , Ca r t e r Pl a n t , Ch ic a g o , , . :8 229 00 ILLIHOIS, Pu r c h a s e a n d Imp r o v e me n t o f Lo t s f o r Pa r k in g , So u t h e r n Pl a n t , Ch ic a g o , Il l in o is . 2,6Q3.00: Cin c in n a t i Br a n c h ; Re p l a c e me n t o f On e -Ha l f =, v To n De l iv e r y Tr u c k , Cin c in n a t i , Oh io (Ol d \ \ ' 't r u c k t o b e t r a d e d in f o r a l l o w a n c e o f $400.00). ' Dq e HLe r -Ja r v i s Div is io n (3,002.00; Pu r c h a s e o f 55 Au t o ma t ic Oil Sp r a y Un it s , To l e d o (1) Pl a n t , Oh io . !5,836.85; In s t a l l a t io n o f Sc r a p Co n v e y o r a n d Re a r r a n g e me n t o f Cl e a n in g , To l e d o (I) Pl a n t , Oh io . N 26024 0000-NLI-000039158 E J-2f77 (EXECUTIVE COMMITTEE - Fe b r u a r y , 16, 1955) m s. i 3,045 50: 23,570.40: 42,418.00: I ,693.00: 3,913.50: 400;, 000.00: 200, 000 . 00: 10,924,83: 5,779.58; 4,923.45: 3", 357.03: 4,283.00: 380,130.00: bA 1,045,--; l8,i40 7,351.74: 7,450.00; D 0 EH L E R-J A R V I S DIVISION (CONTINUED) Pu r c h a s e o f Tw o ; EAe ,w Ba t t e r ie s , To l e d o (2), Pl a n t , Oh io , Ad d it io n a l Al u min u m Ca s t in g Fa c il it ie s , To l e d o (2) Pl a n t , Oh io . Re p a l r o f 4 Re v e r b s in Al u min u m Fo u n d r y , Po t t s -- t o w n (I) Pl a n t , Pe n n s y l v a n ia . In s t a l l a t io n o f Au t o ma t ic Fir e Pr o t e c t io n Sy s t e m, Gr a n d Ra p id s (3) Pl a n t , Mic h ig a n . Pu r c h a s e o f Mo d e l F-700 Fo r d Tr u c k , To l e d o (2) Pl a n t , Oh io .. Ge n e r a l Of f ic e Lo a n t o So u t h e r n Sc r e w Co mp a n y f o r p u r c h a s e o f EQUIPMENT,, THE SAID LOAN TO BE EVIDENCED BY A NOTE BEARING INTEREST AT THE RATE OF 4-% PER ANNUM. Lo a n t o Ma s t e r Me t a l s In c ., s a id EVIDENCED BY FOUR NOTES EACH IN $50,000.00 AND BEARING INTEREST LOAN TO BE THE AMOUNT OF AT THE RATE OF 3-l/2$ PER ANNUM. Fe e FOR SERVICES' RENDERED BY THE Ch a s e Na t io n a l Ba n k o f t h e Cit y o f Ne w Yo r k a s Tr u s t e e u n d e r Co mp a n y 's Pr o f it -Sh a r in g Pl a n f o r t h e y e a r e n d e d De c e mb e r 28, 1954. Se r v ic e s o f Os b o r n e ,, Co p p YEAR 1954, IN CONNECTION MATTERS FOR THE TITANIUM & Ma r k h a m- d u r in g t h e WITH VARIOUS LEGAL Al l o y Ma n u f a c t u r in g Div is io n - $5,750.00; Dis b u r s e me n t s - $29.58. Ma .g n u ;s Me t a l Di v i s i o n ; Al t e r a t io n s t o Po w e r Su p p l y , St . Lo u is , Mis s o u r i. Pa c if ic Co a s t Br a n c h : Re mo v a l o f Ta n k Pl a t f o r m, Sa w Fr a n c is c o , Ca l if o r n ia . Ph il a d e l p h ia Br a n c h ; Re p a ir s t o Fo r e me n 's Lo c k e r Ro o m1, Ph il a d e l p h ia , Pe n n s y l v a n ia . Tit a n iu m Al l o y Ma n u f a c t u r in g Div is io n ; Re s e a r c h Bu d g ie t f o r t h e Tit a n iu m Al l o y Ma n u f a c t u r in g Div is io n f o r t h e y e a r 1955. Th e Tit a n iu m Al l o y Mf g . Co . Pt y . Lt d . Pu r c h a s e o f Je t Dr il l in g Un it , Qu e e n s l a n d , Au s t r a l i S. u p p l . Ap p r o.p ., Pr o s p e c t in g f o r Ru t il e o n Ar e a s h e l d u n d e r Au t h o r it y t o Pr o s p e c t , Qu e e n s l a n d , Au s t r a l ia . Tit a n iu m Di:v i s ig n - Ma c In t y r e De v e l o p me n t ; Re p a ir s t 0 "AH Co n v e y o r . Tit a n iu m Div is io n t 0 x e c t r i c Fo r k St ,, Lo u is Tr u c k s Pl a n t ; 1955 Re p a ir s "1.. 0000-NLI-000039159 EJ-2778 (EXECUTIVE COMMITTEE - Fe b r u a r y 16, 1955} $ 4,01500s 4,265.00s 2,705.00; 3,933.00; 5, ! 6 5.00". I,566.97: 28,3 I'O .,00 s T ITflHIUM P.IViSIOM * SAYREVILLE PL_ANX "r e p a ir 's t o No , 5 Hy d r o l y s is Ta n k , Re p a ir s t o We t Mil l Wa s h i mg , F iIl t e R F RWt 6W Ma in t e n a n c e Pa in t in g in Re s e a r c h Bu il d in g , De mo l it io n o r Ho , 5 Co n c r e t e Dig e s t io n Ta n k Re p a ir s t o No 2 Se t t l in g Ta n k Re p a ir s t o No 16 Ol iv e r Wa s h iin g . Fil l e r (F.RR-II) R'iEPAI ITS' to fJjQ> ''ll G^'IVE# '(jTA.SHJ. N,G:: F ILTER, Gv e r e x p , An n u a l . In s p e c t io n a w d ! Re p a ir s t o 5tE US I T. AiL T R ATI 0 N s TO TECHNICAL DEPARTMENT FACILITIES. Th e Co mmit t e e c a n c e l e d , C & R No 8060 (a p p r o v e d Ap r il 24, 1952) IN THE AMOUNT OF $6,330.00, FOR THE ^Pu r c h a s e f r o m At c h is o n , To p e k a a n d Sa n t a Fe Ra il w a y o f 4,220 sq. f t o f l a n d ", o f t h e Ba r o id Div is io n . Th e Co mmit t e e c a n c e l e d C & R No 8382 (a p p r o v e d Ja n u ~ a r y 21, 1953) in t h e a mo u n t o f $31,614.00, f o r t h e "Pu r c h a s e o f Re a l Es t a t e a t 830 Du c o mmu n St r e e t , Lo s An g e l e s , Ca l if o r n ia ", o f t h e Ba r o id Div is io n . Th e Co mmit t e e c a n c e l e d C & R No . 90.52 (a p p r o v e d Ap r il 14, 1954) in t h e a mo u n t o f $22,320,00, f o r "Te s t Dr il l in g Ame l ia Is l a n d Ar e a , Fl o r id a 1, o f t h e Tit a n iu m Al l o y Ma n u f a c t u r in g Di v i s io n . Th e Co mmit t e e a u t h o r iz e d t h e p u r c h a s e o f $1,000,000.00 Ne w Yo r k Cit y Pu b l ic Ho u s in g Au t h o r it y Te mp o r a r y No t e s d u e Au g u s t 5, !955. Th e Co mmit t e e c o n f ir me d t h e p u r c h a s e o f $1,000,000.00 Cit y o f Bo s t o n .98%. Ta x An t ic ip a t io n No t e s d u e No v e mb e r 2, 1955. Th e Co mmit t e e a u t h o r iz e d t h e p u r c h a s e o f $500,GOO 00 Ne w Yo r k Cit y 1.20% Co u p o n Bo n d s d u e No v e mb e r l, 1955. OGGG-NLf-Q0Q039160 EJ-2779 (EXECUTIVE' COMMITTEE - Fe b r u a r y 16, 1955) Th e Co mmit t e e c o n f ir me d t h e a p p r o v a l g iv e n b y l e t t e r d a t e d Fe b r u a r y 4, 1955 f r o m Al f r e d H. Dr e w e s , Vic e Pr e s id e NT) t o Ge o r g e B Co a l e s Ge n e r a l , Ma n a g e r , o f t h e Ba r o id Div is io n o f Na t io n a l Le a d Co mp a n y t o s e l l a c e r t a in p a r c e l o f p r o p e r t y c o n t a in in g a p p r o x ima t e l y t e n a c r e s in Be l l e Fo u r c h e , So u t h Da k o t a , f o r t h e BEST PRICE OBTAINABLE, BUT NOT LESS THAN $1,500.*00 AS OUTLINED IN LETTER DATED FEBRUARY 2, 1955 FROM SAID GEORGE B* COALE TO J. A* Ma r t in o , Pr e s id e n t * Th e Co mmit t e e a p p r o v e d t h e e x e c u t io n o f t h a t c e r t a in a g r e e me n t w it h t h is Co mp a n y 's w h o l l y -o w n e d s u b s id ia r y . Th e Ho y t Me t a l Co mp a n y o f Gr e a t Br it a in Limit e d , p r o v id in g , in t e r a l ia , FOR THE ASSIGNMENT TO SAID SUBSIDIARY OF CERTAIN BRITISH LETTERS Pa t e n t , t r a d e ma r k s a n d k n o w -h o w r e l a t in g t o mo d if ie d c l a y c o m p o u n d s , STABILIZERS AND PLASTICIZERS FOR RESINOUS COMPOSITIONS, CHEMICALS AND LEAD PIGMENTS AND TO THEIR MANUFACTURE AND USE* Up o n mo t io n d u l y ma d e a n d s e c o n d e d , t h e f o l l o w in g RESOLUTION WAS UNANIMOUSLY ADOPTED J RESOLVED, Th a t t h e p r o p e r o f f ic e r s o f t h is Co mp a n y b e a n d t h e y h e r e b y a r e a u t h o r iz e d AND DIRECTED TO MAKE, EXECUTE, AND DELIVER IN THE NAME OF AND UNDER THE SEAL OF THIS COMPANY THAT c e r t a in De e d w h e r e b y t h is Co mp a n y c o n v e y s u p o n t h e TERMS AND CONDITIONS THEREIN SPECIFIED, TO Ca r l t o n A. Mo o n e y a n d Ru t h Mo o n e y , h is w if e , t h o s e CERTAIN PREMISES KNOWN AS 312 NEWBERRY STREET, FREOERICKTOWN, MISSOURI. Up o n mo t io n , t h e me e t in g t h e n a d j o u r n e d . Se c r e t a r y