Document gakRLRyywj0kmp0nKeerxZkoJ

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 , Ja n u a r y 16, 1952. at 2:00 o 'c l o c k P. M. PRESENT: Me s s r s . Ma r t in o , Dr e w e s , Me r s o n , Re id , Wa r s h o w , a n d Wil d n e r (J. A. Ma r t in o , Ch a ir ma n ; J. 3. He n r ic h , Se c r e t a r y ) ASSENT: Mr . W. V. Bu r l e y 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 9, 1952 w e r e d u l y appr o ved. 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 dul y appr o v ed : $ , . :3 860 00 12,376.50; 2,800.00: 500.00: 24,994.00: 22,500.00: 2,080.00: I,738.35: I,817.26: 5,185.74: 19,643.70; 4,004.08; 3,565.53; 3,744.95; 18,781.40; 5,652.00: Co n t r ib u t io n s Ov e r e x p ., Me l l o n In s t it u t e Fe l l o w s h ip f o r t h e y e a r 1951 - Be n t o n it e Re s e a r c h . Su b s c r ip t io n s t o Le a d In d u s t r ie s As s o c ia t io n f o r t h e p e r io d Ja n u a r y I t o Ma r c h 31, 1952: MEMBERSH IP, I NCLUO I NG SAFETY & HYGIENE- $6,541.00 Re d Le a d Div is io n - 1,510.50 Me t a l l ic Le a d Pr o d u c t s Di v . - 4,327.00 $ 12,378.50 Me mb e r s h ip d u e s in t h e Ame r ic a n Min in g Co n g r e s s f o r THE YEAR 1952. Co n t r ib u t io n t o t h e Ta x Fo u n d a t io n , In c . Sa r o id Sa l e s Di v i s i o n ; .Re v is io n o f No . 3 Ba l l Mil l Eq u ip me n t , Ma g n e t Co v e , Ar k a n s a s . Mo r r is P. Kir k & So n , In c .: Fu e l In s t a l l a t io n , Lo s An g e l e s , Ca l if o r n ia . Ma g n u s Me t a l Di v i s i o n ; In c r e a s in g Cl e a r a n c e s a r o u n d St a c k s , Ch ic a g o , Il l i n o i s . Pa c if ic Co a s t Br a n c h ; 1951 Ch e v r o l e t St y l El in e Tu d o r Se d a n , Mo n t a n a Te r r it o r y . Ph il a d e l p h ia Br a n c h ; Ov e r e x p ., De v e l o p me n t La b o r a t o r y f o r Re s in a n o Oil Pr o d u c t io n , Ph il a d e l p h ia , Pa . Tit a n iu m Al l o y Ma n u f a c t u r in g Div is io n ; Eq u ip me n t f o r Dif f e r e n t ia l Th e r ma l An a l y s is . Tit a n iu m Div i s io n - Ma c In t y r e De v e l o p me n t Re p a ir s t o Cr a w l e r As s e mb l y o f P & H Mo d e l 1400 Sh o v e l Re p a ir s t o 5? Ft . Sy mo n s Fin e Bo w l Co n e Cr u s h e r , Re p a ir s t o 5g- Ft . Sy mo n s Co a r s e Bo w l Co n e Cr u s h e r , Re p a ir s t o Ma g n e t o r ^u e Ho is t 1400 P & H Sh o v e l . Cl u t c h As s e mb l y o n Mo d e l Re p a ir s t o Sin t e r Dis c h a r g e Ch u t e s a n d Ga t e s . T ITANIUM Div is io n - St . Lo u is Pl a n t ; Re p a ir s t o No s . 8 a n d 9 Po w e r Pl a n t Bo il e r s , Th e Co mmit t e e a u t h o r iz e d t h e e x e c u t io n o f a n a g r e e me n t w it h Dr . Ra l p h E. Gr im, p r o v id in g , in t e r a l i a , f o r e n g a g in g Dr . Gr im f o r A t er m o f t h r ee y ear s as a c o n s u l t a n t in t h e f ie l d o f t h e o c c u r e n c e . (EXECUTIVE COMMITTEE Ja n u a r y 16, 1952) PROPERTIES AND USES OF BENTONITE AT A MONTHLY FEE OF 0NE HUNOREO Do l l a r s . 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 r e s o l u t io n w a s u n a n imo u s l y a d o p t e d : RESOLVED, Th a t t h e Me r c a n t il e Tr u s t Co mp a n y , St . Lo u is Mi s s o u r i , b e a n d i t h e r e b y is c o n s t it u t e d a d e p o s it a r y o f f u n d s S .o f t h e t Lo u is Sme l t in g a n d Re f in in g Di v i s i o n o f Na t io n a l Le a d Co mp a n y , u n d e r t h e a c c o u n t n a me o f "NATIONAL LEAD COMPANY - ST. LOUIS SMELTING AND REFINING DIVISION - SPECIAL CONSTRUC TION ACCOUNT", a n d t h a t R. L. Ba n e s , Jr ., J. A. Ro o d , Ha r o l d A. A.Kr u e g e r , a n d Ke n n e t h No b s (a n y t w o o f t h e m), b e a n d THEY HEREBY ARE AUTHORIZED TO WITHDRAW FROM TIME TO TIME, BY CHECK, DRAFT OR OTHER ORDER FOR THE PAYMENT OF MONEY SIGNED BY THEM ON BEHALF OF SAID DIVISION, ANY FUNDS FROM TIME TO TIME ON DEPOSIT UNDER SAID ACCOUNT, AND GENERALLY TO TRANSACT ANY AND ALL BUSINESS WITH SAID BANK AS SUCH DEPOSITARY EXCEPT THE BORROWING OF MONEY. 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 r e s o l u - . TION WAS UNANIMOUSLY ADOPTED IN CONNECTION WITH THE BANK ACCOUNT MAINTAINED BY THE CHICAGO BRANCH WITH THE NORTHWESTERN NATIONAL Ba n k o f Min n e a p o l is u n d e r t h e a c c o u n t n a me o f "NATIONAL LEAD COMPANY, CHICAGO BRANCH, NORTHWESTERN METAL WORKS - PAYROLL ACCOUNT": RESOLVED, Th a t No r t h w e s t e r n Na t io n a l Ba n k o f Min n e a p o l is AS A DESIGNATED DEPOSITARY OF THIS CORPORATION BE AND IT IS HEREBY REQUESTED, AUTHORIZED AND OIRECTED TO HONOR CHECKS, DRAFTS OR OTHER ORDERS FOR THE PAYMENT OF MONEY DRAWN IN THIS CORPORATION'S NAME, INCLUDING THOSE PAYABLE TO THE INDIVIDUAL ORDER OF ANY PERSON OR PERSONS WHOSE NAME OR NAMES APPEAR THEREON AS SIGNER OR SIGNERS THEREOF, WHEN BEARING OR PURPORT ING TO BEAR THE FACSIMILE SIGNATURE OF ANY ONE OF THE FOLLOWING: P . J . Pa t e r a n d No r t h w e s t e r n Na t io n a l Ba n k o f Min n e a p o l is s h a l l b e e n t i t l e d TO h o n o r c r o t her an d t o c h ar g e t h is o r der s, r eg ar dl ess c o r po r at io n f o r o f by w ho m o r by suc h w hat c hec k s, dr af t s me a n s t h e ACTUAL OR PURPORTED FACSIMILE SIGNATURE OR SIGNATURES THEREON MAY HAVE BEEN AFFIXED THERETO, IF SUCH SIGNATURE OR SIGNATURES RESEMBLE THE FACSIMILE SPECIMENS DULY CERTIFIED TO OR FILED w it h No r t h w e s t e r n Na t io n a l Ba n k o f Min n e a p o l is b y t h e Se c r e t a r y OR OTHER OFFICER OF THIS CORPORATION. 0000-NLI-000021063 {EXECUTIVE COMMITTEE Ja n u a r y 16, l952) 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 r e s o l u t io n WAS UNANIMOUSLY ADOPTEO IN CONNECTION WITH THE BANK ACCOUNT MAINTAINED BY THE CHICAGO BRANCH WITH THE FLETCHER TRUST COMPANY, UNDER THE a c c o u n t n a me o f "NATIONAL LEAD COMPANY, CHICAGO BRANCH, AMERICAN LEAD PLANT - PAYROLL ACCOUNT": RESOLVED, Th a t t h e Fl e t c h e r Tr u s t Co mp a n y , a s a d e s ig n a t e d DEPOSITORY OF THIS CORPORATION, BE AND IT IS HEREBY REQUESTED, AUTHORIZED, AND DIRECTED TO HONOR CHECKS, DRAFTS OR OTHER ORDERS FOR THE PAYMENT OF MONEY DRAWN IN THIS CORPORATION'S NAME, INCLUDING THOSE PAYABLE TO THE INDIVIDUAL ORDER OF ANY PERSON OR PERSONS WHOSE NAME OR NAMES APPEAR THEREON AS SIGNER OR SIGNERS THEREOF, WHEN BEARING THE ORIGINAL SIGNATURE OR PURPORTING TO BEAR THE FACSIMILE SIGNATURE OF ANY ONE OF THE F OLL OWI NG I P. J. Pa t e r a n d t h e Fl e t c h e r Tr u s t Co mp a n y s h a l l b e e n t it l e d t o h o n o r a n d TO CHARGE THIS CORPORATION FOR SUCH CHECKS, DRAFTS OR OTHER ORDERS, REGARDLESS OF BY WHOM OR BY WHAT MEANS THE ACTUAL OR PURPORTED FACSIMILE SIGNATURE OR SIGNATURES THEREON MAY HAVE BEEN AFFIXED THERETO, IF SUCH SIGNATURE OR SIGNATURES RESEMBLE THE FACSIMILE SPECIMENS DULY CERTIFIED TO OR FILED WITH THE Fl e t c h e r Tr u s t Co mp a n y b y t h e Se c r e t a r y o r o t h e r o f f ic e r o f THIS CORPORATION. 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 r e s o l u t io n WAS UNANIMOUSLY ADOPTED IN CONNECTION WITH THE 8ANK ACCOUNT MAIN TAINED b y t h e Ch ic a g o Br a n c h w it h t h e Pu l l ma n Tr u s t L Sa v in g s Ba n k , u n d e r THE a c c o u n t n a k e o f "NATIOMAL LEAD COMPANY, CHICAGO BRANCH, CARTER PLANT PAYROLL ACCOUNT": RESOLVED, Th a t t h e Pu l l ma n Tr u s t & Sa v in g s Ba n k , Ch ic a g o , Il l i n o i s a s a d e s ig n a t e d d e p o s it a r y o f t h i s c o r p o r a t io n b e a n d IT IS h e r e b y r e q u e s t e d , a u t h o r iz e d a n d d ir e c t e d t o h o n o r c h e c k s , ORAFTS OR OTHER ORDERS FOR THE PAYMENT OF MONEY DRAWN IN THE CORPORATION'S NAME, INCLUDING THOSE DRAWN TO THE INDIVIDUAL ORDER OF ANY PERSON OR PERSONS WHOSE NAME OR NAMES APPEAR THEREON AS SIGNER OR SIGNERS THEREOF, WHEN BEARING OR PURPORTING TO BEAR THE FACSIMILE SIGNATURE OF ANY ONE OF THE FOLLOWING! P . J . P ATER a n d t h e Pu l l ma n Tr u s t & Sa v in g s Ba n k s h a l l b e e n t it l e d t o h o n o r AND TO CHARGE THIS CORPORATION FOR ALL SUCH CHECKS, DRAFTS OR OTHER OROERS, REGAROLESS OF BY WHOM OR BY WHAT MEANS THE FACSIMILE 0000-NLI-000021064 (EXECUTIVE COMMITTEE - Ja n u a r y 16, 1952) SIGNATURE OR SIGNATURES THEREON MAY HAVE BEEN AFFIXED THERETO, IF SUCH FACSIMILE SIGNATURE OR SIGNATURES RESEMBLE THE FACSI MILE SPECIMENS DULY CERTIFIED TO OR FILED WITH THE PULLMAN Tr u s t & Sa v in g s Sa n k b y t h e Se c r e t a r y o r o t h e r o f f ic e r o f t h is CORPORAT I ON. Up o n mo t io n d u l y ma d e a n o s e c o n d e d , t h e f o l l o w in g r e s o l u t io n w a s u n a n imo u s l y a d o p t e d in c o n n e c t io n w it h t h e b a n k a c c o u n t ma in t a in e d b y t h e Ch ic a g o Br a n c h w it h t h e Ma r in e Na t io n a l Ba n k o f Ch ic a g o , u n d e r t h e a c c o u n t n a me o f "NATIONAL LEAD COMPANY, CHICAGO BRANCH, PAYROLL ACCOUNT": RESOLVED, Th a t t h e Ma r in e Na t io n a l Sa n k o f Ch ic a g o a s a d e s ig n a t e d d e p o s it o r y o f t h is c o r p o r a t io n be an d it is h er eby REQUESTED, AUTHORIZED AND DIRECTED TO HONOR CHECKS, DRAFTS OR OTHER ORDERS FOR THE PAYMENT OF MONEY DRAWN IN THIS CORPORA TION'S NAME, INCLUDING THOSE DRAWN TO THE INDIVIDUAL OROER OF ANY PERSON OR PERSONS WHOSE NAME OR NAMES APPEAR THEREON AS SIGNER OR SIGNERS THEREOF, WHEN BEARING OR PURPORTING TO BEAR THE FACSIMILE SIGNATURE OF THE FOLLOWINGS P . J. Pa t e r a n o t h e Ma r in e Na t io n a l Ba n k o f Ch ic a g o s h a l l b e e n t it l e d t o HONOR AND TO CHARGE THIS CORPORATION FOR ALL SUCH CHECKS, DRAFTS OR OTHER ORDERS, REGARDLESS OF BY WHOM OR BY WHAT MEANS THE FACSIMILE SIGNATURE OR SIGNATURES THEREON MAY HAVE BEEN AFFIXED THERETO, IF SUCH FACSIMILE SIGNATURE OR SIGNATURES RESEMBLE THE FACSIMILE SPECIMENS DULY CERTIFIED TO OR FILED w it h t h e Ma r in e Na t io n a l Ba n k o f Ch ic a g o b y t h e Se c r e t a r y o r OTHER OFFICER OF THIS CORPORATION. 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 r e s o l u t io n w a s u n a n imo u s l y a d o p t e d IN CONNECTION w it h t h e BANK ACCOUNT MAINTAINED BY THE CHICAGO BRANCH WITH THE CONTINENTAL ILLINOIS Na t io n a l Ba n k a n d Tr u s t Co mp a n y o f Ch ic a g o , u n d e r t h e a c c o u n t n a me o f "NATIONAL LEAD COMPANY, CHICAGO BRANCH, SPECIAL ACCOUNT": RESOLVED, Th a t t h e Co n t in e n t a l Il l in o is Na t io n a l Ba n k a n d Tr u s t Co mp a n y o f Ch ic a g o a s a d e s ig n a t e d d e p o s it a r y o f t h i s c o r po r at io n be an d it is h er eby r eq u es t ed , a u t h o r ize d an d DIRECTED TO HONOR CHECKS, DRAFTS OR OTHER ORDERS FOR THE PAYr MENT OF MONEY DRAWN IN THIS CORPORATION'S NAME, INCLUDING THOSE DRAWN TO THE INDIVIDUAL OROER OF ANY PERSON OR PERSONS WHOSE 0000-NLI-000021065 El-2 (EXECUTIVE COMMITTEE - Ja n u a r y 16, 1952) n a me o r n a me s a p p e a r t h e r e o n a s s ig n e r o r s ig n e r s t h e r e o f , w h e n BEARING OR PURPORTING TO BEAR THE FACSIMILE SIGNATURE OF ANY ONE OF THE FOLLOWINGS P. J. Pa t e r a n d t h e Co n t in e n t a l Il l i n o i s Na t io n a l Ba n k a n d Tr u s t Co mp a n y o f Ch ic a g o s h a l l b e e n t i t l e d t o h o n o r a n d t o c h a r g e t h i s CORPORATION FOR ALL SUCH CHECKS, DRAFTS OR OTHER ORDERS, RE GARDLESS OF BY WHOM OR BY WHAT MEANS THE FACSIMILE SIGNATURE OR SIGNATURES THEREON MAY HAVE BEEN AFFIXED THERETO, IF SUCH FACSIMILE SIGNATURE OR SIGNATURES RESEMBLE THE FACSIMILE SPECIMENS OULY CERTIFIED TO OR FILED WITH THE CONTINENTAL Il l i n o i s Na t io n a l Ba n k a n d Tr u s t Co mp a n y o f Ch ic a g o b y t h e Se c r e t a r y o r o t h e r o f f ic e r o f t h i s c o r p o r a t io n . 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 r e s o l u t io n s WERE UNANIMOUSLY ADOPTED IN CONNECTION WITH OPENING A NEW BANK ACCOUNT WITH THE C1TY NATIONAL BANK, HOUSTON, TEXAS, UNDER THE ACCOUNT NAME o f "NATIONAL LEAD COMPANY - BAROID SALES DIVISION - REGULAR ACCOUNT": RESOLVED: Th a t t h e Cit y Na t io n a l Ba n k , Ho u s t o n , Te x a s , b e AND IT IS HEREBY SELECTED AS A DEPOSITORY FOR THE FUNOS OF THIS Co r p o r a t io n ; t h a t s a id f u n d s s h a l l b e w it h d r a w n f r o m s a id d e p o s it o r y ON THE CHECK OF THIS CORPORATION SIGNED BY ANY ONE OF THE FOLLOWING OFFICERS OF THIS CORPORATION! THAT ANY OF THEM ARE AUTHORIZED TO ENDORSE AND CASH CHECKS AND DRAFTS FOR AND ON BEHALF OF THIS CORPORATION! Ge o . L. Ra t c l if f e Ge n e r a l Ma n a g e r J. W. Ho f s t e t t e r As s t . Ge n . Mg r . E. A. Ka is e r Co mp t r o l l e r It IS FURTHER RESOLVED THAT ANY OF THE ABOVE NAMED OFFICERS SHALL BE AUTHORIZED TO INDIVIDUALLY SIGN FOR AND RECEIVE THE STATE MENTS AND CANCELLED VOUCHERS OF THIS CORPORATION, OR TO APPOINT, IN WRITING, AGENTS TO SO SIGN FOR ANO RECEIVE SUCH DOCUMENTS, AND ANY OF THE ABOVE NAMED OFFICERS ARE HEREBY FURTHER AUTHORIZED TO STOP PAYMENT AGAINST CHECKS OF THIS CORPORATION AND TO BIND THE Co r p o r a t io n t h e r e t o . It is f u r t h e r r e s o l v e d t h a t a n y in d e b t e d n e s s CREATED IN CONNECTION WITH THIS ACCOUNT BY ANY OF THE SIGN ING OFFICERS OF THE CORPORATION, WHOSE SIGNATURES SHALL BE RE QUIRED ON CHECKS OR DRAFTS OR OTHER ORDERS OF PAYMENT OR FUND TRANSFERS SHALL BE THE DEBT OF THIS CORPORATION. It is f u r t h e r r e s o l v e d t h a t t h e s a id Ba n k is h e r e b y a u t h o r iz e d TO RECEIVE SUCH DRAFTS, CHECKS, NOTES OR ORDERS SO EXECUTED FOR THE CREDIT OF, OR IN PAYMENT FROM, THE PAYEE OR ANY OTHER HOLDER WITHOUT INQUIRY IN ANY CASE AS TO THE CIRCUMSTANCES OF THEIR ISSUE OR THE DISPOSITION OF THEIR PROCEEDS, WHETHER DRAWN 0000-NLI-000021066 (EXECUTIVE COMMITTEE Ja n u a r y 16, I 952) TO THE INDIVIDUAL ORDER OF, OR TENDERED IN PAYMENT OF ANY INDIVIDUAL OBLIGATIONS OF, ANY OF THE OFFICERS ABOVE NAMED, OR OTHER OFFICERS OF THIS COMPANY OR OTHERWISE. Th a t s a id a u t h o r it y h e r e b y c o n f e r r e d s h a l l r e ma in in FORCE UNTIL WRITTEN NOTICE OF THE REVOCATION THEREOF SHALL BE RECEIVED BY SAID BANK; AND THAT THE CERTIFICATION OF THE SECRE TARY o f t h is Co r p o r a t io n a s t o t h e e l e c t i o n a n d a p p o in t me n t o f THE OFFICERS SO AUTHORIZED TO SIGN SUCH CHECKS AND ENDORSEMENTS, AND AS TO THE SIGNATURES OF SUCH OFFICERS, SHALL BE BINDING UPON t h is Co r p o r a t io n . Up o n mo t io n o 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 r e s o l u t io n s WERE UNAN I MOUSLY ADOPTED IN CONNECTION WITH FACSIMILE SIGNATURES AUTHOR IZED FOR THE BANK ACCOUNT WITH THE ClTY NATIONAL SANK, HOUSTON, TEXAS, UNDER THE ACCOUNT n a me o f "NATIONAL LEAD COMPANY - BAROiD SALES DIVISION - REGULAR ACCOUNT": RESOLVED, Th a t Th e Cit y Na t io n a l Ba n k , Ho u s t o n , Te x a s , a s THE DESIGNATED DEPOSITARY OF THIS CORPORATION, BE AND IT IS HEREBY REQUESTED, AUTHORIZED AND DIRECTED TO HONOR CHECKS, DRAFTS OR OTHER ORDERS FOR THE PAYMENT OF MONEY DRAWN IN THIS CORPORA TION'S NAME, INCLUDING THOSE DRAWN TO THE INDIVIDUAL ORDER OF ANY PERSON OR PERSONS WHOSE NAME OR NAMES APPEAR THEREON AS SIGNER OR SIGNERS THEREOF, WHEN BEARING OR PURPORTING TO BEAR THE FACSIMILE SIGNATURE OF THE FOLLOWING: J. W. HOFSTETTER a n d Th e Ci t y Na t io n a l Ba n k , Ho u s t o n , Te x a s s x a l l b e e n t it l e d t o HONOR, AND TO CHARGE THIS CORPORATION FOR, ALL' SUCH CHECKS, DRAFTS OR OTHER ORDERS REGARDLESS OF BY WHOM OR BY WHAT MEANS THE FACSIMILE SIGNATURE OR SIGNATURES THEREON MAY HAVE BEEN AF FIXED THERETO IF SUCH FACSIMILE SIGNATURE OR SIGNATURES RESEMBLE FACSIMILE SPECIMEN DULY CERTIFIED TO, ANO FILED WITH, THE CITY Na t io n a l Ba n k , Ho u s t o n , Te x a s b y t h e s ec r et ar y o r o t h er o f f ic er OF THIS CORPORATION. BE IT FURTHER RESOLVED, Th a t w it h r e s p e c t t o t h e g e n u in e n e s s OF ALL SUCH MECHANICAL SIGNATURES, THIS CORPORATION ASSUMES ALL RISKS INVOLVED IN THE USE OF THIS FORM OF SIGNATURE AND ASSUMES ALL RESPONSIBILITY THEREFOR. BE IT FURTHER RESOLVED, Th a t t h is r e s o l u t io n s h a l l b e c u mu l a t iv e OF, BUT SHALL NOT SUPERSEDE, ANY AND ALL RESOLUTIONS NOW IN EFFECT WITH RESPECT TO THE AUTHORIZED MANUAL SIGNATURES ON BEHALF OF THIS CORPORATION. ' T* 0000-NU-000021067 (EXECUTIVE COMMITTEE Ja n u a r y 16, 1952) I 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 r e s o l u t io n s WERE UNANIMOUSLY ADOPTED IN CONNECTION WITH OPENING A NEW BANK ACCOUNT WITH THE FIRST NATIONAL BANK IN HOUSTON, UNDER THE ACCOUNT NAME OF "NATIONAL LEAD COMPANY - BAROID SALES DIVISION - SALARY ACCOUNT NO. 2": BE IT RESOLVED, t h a t a n a c c o u n t s h a l l b e e s t a b l is h e d in THE NAME OF THIS CORPORATION WITH THE FIRST NATIONAL BANK IN Ho u s t o n l a t io n s u n d e r t h e b a n k 's as pr es c r ibed by c us t o m and under t h e r u l es and r eg u s a id b a n k f r o m t ime t o t i me , w h e r e in ma y b e d e p o s it e d a n y o f t h e f u n d s o f t h i s c o r p o r a t io n w h e t h e r REPRESENTED BY CASH, CHECKS, NOTES, DRAFTS, BILLS OF EXCHANGE, ORDERS FOR THE PAYMENT OF MONEY, EITHER BELONGING TO, OR COMING INTO THE POSSESSION OF, THIS CORPORATION, AS WELL AS ANY OTHER EVIDENCES OF DEBTS; AND THAT Ge o . L. Ra t c l if f e J. W. Ho f s t e t t e r Lu d mil a Ki v i SHALL BE, AND EACH OF THEM HEREBY IS, AUTHORIZED TO ENDORSE FOR DEPOSIT OR NEGOTIATION ANY AND ALL CASH, CHECKS, NOTES, DRAFTS, BILLS OF EXCHANGE, ORDERS FOR THE PAYMENT OF MONEY, EITHER BELONGING TO, OR COMING INTO THE POSSESSION OF, THIS CORPORATION, AS WELL AS ANY OTHER EV IDENCES OF DEBTS. EN DORSEMENTS FOR DEPOSIT MAY BE BY THE WRITTEN OR STAMPED ENDORSEMENT OF THE CORPORATION WITHOUT DESIGNATION OF THE PERSON MAKING THE ENDORSEMENT. THIS CORPORATION HEREBY GUARANTEES ALL PRIOR ENDORSEMENTS ON ALL CHECKS, DRAFTS OR OTHER SIMILAR INSTRUMENTS THAT MAY BE DEPOSITED BY IT WITH SAID BANK . > ? Crf BE IT FURTHER RESOLVED, t h a t a n y o n e o f t h e f o l l o w in g : Ge o . L. Ra t c l if f e J. W. Ho f s t e t t e r Lu d mil a Ki v i OF THIS .CORPORATION IS AUTHORIZED TO SIGN ANY AND ALL CHECKS, DRAFTS AND ORDERS INCLUDING ORDERS OR DIRECTIONS IN INFORMAL OR LETTER FORM, AGAINST ANY FUNDS AT ANY TIME STANDING TO THE CREDIT OF THIS CORPORATION WITH SAID BANK ANo/oR AGAINST ANY ACCOUNT OF THIS CORPORATION WITH SAID BANK; AND THAT SAIO BANK IS HEREBY AUTHORIZED TO HONOR ANY AND ALL CHECKS, DRAFTS AND ORDERS SO SIGNED, INCLUDING THOSE DRAWN TO THE INDIVIDUAL ORDER ANY SUCH OFFICERS ANo/oR THE OTHER PERSONS SIGNING THE S A M jV ITHOUT FURTHER INQUIRY OR REGARD TO THE AUTHORITY OF SAID Id /o R OTHER PERSON OR THE USE OF SAIO CHECKS, DRAFTS ORDERS OR THE PROCEEDS THEREOF. (EXECUTIVE COMMITTEE Ja n u a r y I 6, I 952) BE IT FURTHER RESOLVED, t h a t a n y t w o o f Th e Pr e s id e n t o r a Vic e Pr e s id e n t JOINTLY w it h t he t he f o l l o w in g : Tr e a s u r e r o r a n As s is t a n t Tr e a s u r e r o f t h i s c o r p o r a t io n a r e a u t h o r iz e d t o b o r r o w f r o m t i me t o t i me o n b e h a l f o f t h i s c o r p o r a t io n f r o m s a id b a n k s u c h s u ms o f mo n e y , f o r s u c h t i me , a n d u p o n s u c h t e r ms AS MAY TO THEM, OR ANY OF THEM, SEEM ADVISABLE, AND TO EXECUTE IN THE NAME OF THIS CORPORATION NOTES, DRAFTS OR AGREEMENTS FOR THE REPAYMENT OF ANY SUMS SO BORROWED, AND THEY AND EACH OF THEM ARE HEREBY AUTHORIZED TO OISCOUNT WITH THE SAID BANK ANY OF THE NOTES, BILLS RECEIVABLE OR ACCEPTANCES HELD BY THIS CORPORATION UPON SUCH TERMS AS THEY MAY DEEM ADVISABLE, ANO TO PLEDGE, HYPO THECATE OR MORTGAGE AS SECURITY TO SAID BANK ANY OF THE NOTES, BONDS, STOCKS, BILLS RECE I VABLE, WAREH0USE RECEIPTS ANo/oR OTHER DOCUMENTS, ACCOUNTS, SECURITIES AND/oR PROPERTY (REAL, PERSONAL OR MIXED) OF THIS CORPORATION, AND TO EXECUTE AND DELIVER ANY AND ALL ENDORSEMENTS OR INSTRUMENTS OF ASSIGNMENT OR TRANSFER WHICH MAY BE NECESSARY OR PROPER IN SUCH CASES EFFECTUALLY TO TRANSFER TO THE SAID BANK THE PROPERTY SO HYPOTHECATED, MORTGAGED OR DELIVERED. Sa id n a me d p e r s o n s a r e f u r t h e r a u t h o r iz e d : 1. To ISSUE INSTRUCTIONS FOR THE CONDUCT OF ANY SUCH ACCOUNT OR ACCOUNTS. 2. To PURCHASE, SELL, WITHDRAW, RECEIVE AND RECEIPT FOR SECURITIES OR OTHER PROPERTY, AND TO SIGN ORDERS AND OTHER INSTRUCTIONS IN CONNECTION WITH THE PURCHASE, THE SALE, THE PAYMENT, THE REGISTRATION AND THE DELIVERY THEREOF, AND TO PERFORM ALL OTHER ACTS INCIDENT THERETO. 3. To DELIVER TO, AND DEPOSIT WITH, SAID BANK FOR SAFE KEEPING, CUSTODY OR OTHER PURPOSES ANY SECURITIES OR OTHER PROPERTIES OWNED OR OTHERWISE HELD BY THIS CORPORATION, ANO TO SIGN ORDERS AND ISSUE INSTRUCTIONS IN CONNECTION WITH THE WITHDRAWAL OR OTHER DISPOSITION OF SUCH SECURITIES OR OTHER PROPERTY. 4. TO IDENTIFY AND GUARANTEE ASSIGNMENTS, TRANSFERS AND ENDORSEMENTS FOR TRANSFER ON BONDS, STOCK CERTIFICATES, INTERIM, PARTICIPATION, AND OTHER CERTIFICATES; AND TO IDEN TIFY AND GUARANTEE SIGNATURES ON BONDS AND STOCK POWERS-OF- ATTORNEY. 5. TO TO RECEIVE DESIGNATE FROM SAID FROM BANK TIME TO ANY AND TIME THE PERSON OR PERSONS ALL CANCELLED CHECKS ANo/oR STATEMENTS OF THE ACCOUNTS OF THIS CORPORATION WITH SAID SAID BANK. 6. TO AUTHORIZE THE RENTAL OF, AND ACCESS TO, SAFE DEPOSIT BOX OR BOXES IN THE SAFE DEPOSIT DEPARTMENT OF SAID BANK ON BEHALF OF THIS CORPORATION; AND TO PLACE INTO SAID BOX OR BOXES, ANO TO WITHDRAW FROM SAID BOX OR BOXES, ALL > PROPERTY OF THIS CORPORATION. .." ` 7. TO AUTHORIZE THE RENTAL OF, ANO ACCESS TO, THE NIGHT DEPOSITARY OF SAID BANK, AND TO MAKE DEPOSITS TO SAID NIGHT DEPOSITARY, AND TO EXERCISE ALL THE PRIVILEGES OF SAIO RIGHT DEPOSITARY ACCORDING TO THE BANK'S CUSTOM AND UNDER THE RULES .Jk&i'SM;y 0000-NLI-000021069 'r i (EXECUTIVE COMMITTEE - Ja n u a r y 16, 1952) I ANO REGULATIONS AS PRESCRIBED BY SAID BANK FROM TIME TO TIME, WHEREIN MAY BE DEPOSITED ANY OF THE FUNDS OF THIS CORPORATION (AS SAID FUNDS ARE HEREINABOVE DEFINED). 8. TO ACT FOR THIS CORPORATION IN THE TRANSACTION OF ALL OTHER BUSINESS FOR ITS ACCOUNT, AND TO SIGN ORDERS AND ISSUE INSTRUCTIONS TO SAID BANK IN CONNECTION THEREWITH. BE IT FURTHER RESOLVED, t h a t e a c h o f t h e f o r e g o in g r e s o l u t io n s SHALL CONTINUE IN FORCE UNLESS ANO UNTIL WRITTEN NOTICE OF SUCH REVOCATION OR CHANGE, CERTIFIED BY THE PRESIDENT AND SECRETARY OF THIS CORPORATION, SHALL HAVE BEEN DELIVERED TO SAID BANK BY DELIVERING SAME TO ITS PRESIDENT, OR ONE OF ITS VICE PRESIDENTS o r it s Ca s h ie r a t i t s b a n k in g o f f i c e : b u t i f t h e a u t h o r it y c o n t a in e d IN THESE RESOLUTIONS SHOULD BE REVOKED OR TERMINATED BY OPERATION OF LAW WITHOUT SUCH NOTICE, IT IS AGREED, FOR THE PURPOSE OF IN DUCING SAID BANK TO ACT THEREUNDER, THAT SAID BANK SHALL BE SAVED HARMLESS FROM ANY LOSS SUFFERED OR LIABILITY INCURRED BY IT IN SO ACTING AFTER SUCH REVOCATION OR TERMINATION WITHOUT SUCH NOTICE. 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 r e s o l u t io n s WERE UNANIMOUSLY ADOPTED IN CONNECTION WITH OPENING A NEW BANK ACCOUNT w it h t h e Fir s t Na t io n a l Ba n k in Ho u s t o n , u n d e r t h e a c c o u n t n a me o f "NATIONAL LEAD COMPANY - BAROID SALES DIVISION - EXPENSE ACCOUNT": BE IT RESOLVED, t h a t a n a c c o u n t s h a l l b e e s t a b l is h e d in t h e NAME OF THIS CORPORATION WITH THE FIRST NATIONAL BANK IN HOUSTON UNDER THE BANK'S CUSTOM AND UNDER THE RULES ANO REGULATIONS AS PRESCRIBED BY SAID BANK FROM TIME TO TIME, WHEREIN MAY BE DEPOSITED ANY FUNDS OF THIS CORPORATION WHETHER REPRESENTED BY CASH, CHECKS, NOTES, DRAFTS, BILLS OF EXCHANGE, ORDERS FOR THE PAYMENT OF MONEY, EITHER BELONGING TO, OR COMING INTO THE POSSESSION OF, THIS CORPORA TION, AS WELL AS ANY OTHER EVIDENCES OF DEBT; AND THAT Ge o . L. Ra t c l if f e J. W. Ho f s t e t t e r E. A . Ka is e r SHALL BE, AND EACH OF THEM HEREBY IS, AUTHORIZED TO ENDORSE FOR DEPOSIT OR NEGOTIATION ANY ANO ALL CASH, CHECKS, NOTES, DRAFTS, BILLS OF EXCHANGE, ORDERS FOR THE PAYMENT OF MONEY, EITHER BE LONGING TO, OR COMING INTO THE POSSESSION OF, THIS CORPORATION, AS WELL AS ANY OTHER EVIDENCES OF OEBT. ENDORSEMENTS FOR DEPOSIT MAY BE BY THE WRITTEN OR STAMPED ENDORSEMENT OF THE CORPORATION WITHOUT DESIGNATION OF THE PERSON MAKING THE ENDORSEMENT. THIS CORPORATION HEREBY GUARANTEES ALL PRIOR ENDORSEMENTS ON ALL C-HECKS, DRAFTS OR OTHER SIMILAR INSTRUMENTS THAT MAY BE DEPOSITED BY IT WITH SAID BANK. 0000-NLI-000021070 (EXECUTIVE COMMITTEE Ja n u a r y 16, 1952) OF THIS CORPORATION IS AUTHORIZED TO SIGN ANY AND ALL CHECKS, DRAFTS, AND ORDERS, INCLUDING ORDERS OR DIRECTIONS IN INFORMAL OR LETTER FORM, AGAINST ANY FUNDS AT ANY TIME STANDING TO THE CREDIT OF THIS CORPORATION WITH SAID BANK ANd /o R AGAINST ANY ACCOUNT OF THIS CORPORATION WITH SAID BANK} AND THAT SAID BANK IS HEREBY AUTHORIZED TO HONOR ANY AND ALL CHECKS, DRAFTS AND ORDERS SO SIGNED, INCLUDING THOSE DRAWN TO THE INDIVIDUAL ORDER OF ANY SUCH OFFICERS ANo/oR THE OTHER PERSONS SIGNING THE SAME WITHOUT FURTHER INQUIRY OR RE GARD TO THE AUTHORITY OF SAID OFFICER ANd /o R OTHER PERSON OR THE USE OF S A I 0 CHECKS, DRAFTS AND ORDERS OR THE PROCEEDS THEREOF. Th e BE IT FURTHER RESOLVED, t h a t a n y t w o o f t h e f o l l o w in g ; Pr e s id e n t o r a Vic e Pr e s id e n t JOINTLY w it h t h e Tr e a s u r e r o r an As s is t a n t Tr e a s u r e r o f t h is c o r p o r a t io n a r e a u t h o r iz e d t o b o r r o w FROM TIME TO TIME ON BEHALF OF THIS CORPORATION FROM SAID BANK SUCH SUMS OF MONEY, FOR SUCH TIME, AND UPON SUCH TERMS AS MAY TO THEM, OR ANY OF THEM, SEEM ADVISABLE, AND TO EXECUTE IN THE NAME OF THIS CORPORATION NOTES, DRAFTS OR AGREEMENTS FOR THE REPAYMENT OF ANY SUMS SO BORROWED, AND THEY AND EACH OF THEM ARE HEREBY AUTHOR IZED TO DISCOUNT WITH THE SAID BANK ANY OF THE NOTES, BILLS RECEIV ABLE OR ACCEPTANCES HELD BY THIS CORPORATION UPON SUCH TERMS AS THEY MAY DEEM ADVISABLE, ANO TO PLEDGE, HYPOTHECATE OR MORTGAGE AS SECURITY TO SAID BANK ANY OF THE NOTES, BONDS, STOCKS, BILLS RECEIV ABLE, WAREHOUSE RECEIPTS ANo/oR OTHER DOCUMENTS, ACCOUNTS, SECURI TIES AND/oR PROPERTY (REAL, PERSONAL OR MIXED) OF THIS CORPORATION, AND TO EXECUTE AND DELIVER ANY AND ALL ENDORSEMENTS OR INSTRUMENTS OF ASSIGNMENT OR TRANSFER WHICH MAY BE NECESSARY OR PROPER IN SUCH CASES EFFECTUALLY TO TRANSFER TO THE SAID BANK THE PROPERTY SO HYPOTHECATED, MORTGAGED OR DELIVERED. SAID NAMED PERSONS ARE FURTHER AUTHORIZED; 1. To ISSUE INSTRUCTIONS FOR THE CONDUCT OF ANY SUCH ACCOUNT OR ACCOUNTS. 2. TO PURCHASE, SELL, WITHDRAW, RECEIVE AND RECEIPT FOR SECURITIES OR OTHER PROPERTY, AND TO SIGN ORDERS ANO OTHER INSTRUCTIONS IN CONNECTION WITH THE PURCHASE, THE SALE, THE PAYMENT, FORM ALL 3. THE REGISTRATION AND THE DELIVERY OTHER ACTS INCIDENT THERETO. To DELIVER TO, ANO DEPOSIT WITH, THEREOF, AND TO PER SAID BANK FOR SAFE KEEPING, CUSTODY OR OTHER PURPOSES ANY SECURITIES OR OTHER PROPERTIES OWNED OR OTHERWISE HELD BY THIS CORPORATION, AND TO SIGN ORDERS ANO ISSUE INSTRUCTIONS IN CONNECTION WITH THE WITHDRAWAL OR OTHER DISPOSITION OF SUCH SECURITIES OR OTHER PROPERTY. 4. TO IOENTIFY AND GUARANTEE ASSIGNMENTS, TRANSFERS AND ENDORSEMENTS FOR TRANSFER ON BONDS, STOCK CERTIFICATES, IN TRIM, PARTICIPATION, AND OTHER CERTIFICATES; AND TO IDENTIFY AND GUARANTEE SIGNATURES ON BONDS ANO STOCK POWERS--OF--ATTORNE YVjj^ 5. TO DESIGNATE FROM TIME TO TIME THE PERSON OR PERSON*1.. TO RECEIVE FROM SAID BANK ANY ANO ALL CANCELLED CHECKS ANo/oR, STATEMENTS OF THE ACCOUNTS OF- TH S CORPORATION WITH SAID. '% A^N K. .T: . 6. TO AUTHORIZE THE RENTAL OF, AND ACCESS TO, -< DEPOSIT BOX OR BOXES IN THE SAFE 0EPOSIT DEPARTMENT ON BEHALF OF THIS CORPORATION; AND TO PLACE I N T 0 8 AI 0 'fij*. ASfc BOXES, AND TO WITHDRAW FROM SAID BOX OR BO....X...E..S.., THIS CORPORATION. ...... _ 0000-NLI-000021071 j (EXECUTIVE COMMITTEE Ja n u a r y I 6, I 952) 7. TO AUTHORIZE THE RENTAL OF, ANO ACCESS TO, THE NIGHT DEPOSITARY OF SAID BANK, AND TO MAKE DEPOSITS TO SAID NIGHT DEPOSITARY, AND TO EXERCISE ALL THE PRIVILEGES OF SAID NIGHT DEPOSITARY ACCORDING TO THE BANK'S CUSTOM AND UNDER THE RULES AND REGULATIONS AS PRESCRIBED BY.SAID BANK FROM TIME TO TIME, WHEREIN MAY BE DEPOSITED ANY OF THE FUNDS OF THIS CORPORATION (AS SAID FUNDS ARE HEREINABOVE DEFINED). 8. To ACT FOR THIS CORPORATION IN THE TRANSACTION OF ALL OTHER BUSINESS FOR ITS ACCOUNT, AND TO SIGN ORDERS AND ISSUE INSTRUCTIONS TO SAID BANK IN CONNECTION THEREWITH. BE IT FURTHER RESOLVED, t h a t e a c h o f t h e f o r e g o in g r e s o l u t io n s SHALL CONTINUE IN FORCE UNLESS AND UNTIL WRITTEN NOTICE OF SUCH REVOCATION OR CHANGE, CERTIFIED BY THE PRESIDENT AND SECRETARY OF THIS CORPORATION, SHALL HAVE BEEN DELIVERED TO SAID BANK BY DELIVERING SAME TO ITS PRESIDENT, OR ONE OF ITS VICE PRESIDENTS OR it s Ca s h ie r a t it s b a n k in g o f f i c e : b u t i f t h e a u t h o r it y c o n t a in e d IN THESE RESOLUTIONS SHOULD BE REVOKED OR TERMINATED BY OPERATION OF LAW WITHOUT SUCH NOTICE, IT IS AGREED, FOR THE PURPOSE OF INDUC ING SAID BANK TO ACT THEREUNDER, THAT SAID BANK SHALL BE SAVEO HARMLESS FROM ANY LOSS SUFFERED OR LIABILITY INCURRED BY IT IN SO ACTING AFTER SUCH REVOCATION OR TERMINATION WITHOUT SUCH NOTICE. 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 r e s o l u t io n s WERE UNANIMOUSLY ADOPTED IN CONNECTION WITH OPENING A NEW BANK ACCOUNT w it h t h e Fir s t Na t io n a l Ba n k in Ho u s t o n , u n d e r t h e a c c o u n t n a me o f "NATIONAL LEAD COMPANY - BAROID SALES DIVISION - PAYROLL ACCOUNT": BE IT RESOLVED, t h a t a n a c c o u n t s h a l l b e e s t a b l is h e d in t h e NAME OF THIS CORPORATION WITH THE FIRST NATIONAL 3ANK IN HOUSTON UNDER THE BANK'S CUSTOM AND UNDER THE RULES AND REGULATIONS AS PRE SCRIBED BY SAID BANK FROM TIME TO TIME, WHEREIN MAY BE DEPOSITED ANY OF THE FUNDS OF THIS CORPORATION WHETHER REPRESENTED BY CASH, CHECKS, NOTES, DRAFTS, BILLS OF EXCHANGE, ORDERS FOR THE PAYMENT OF MONEY, EITHER BELONGING TO, OR COMING INTO THE POSSESSION OF, THIS CORPORA TION, AS WELL AS ANY OTHER EVIDENCES OF DEBT; AND THAT J. W. Ho f s t e t t e r E. A. Ka is e r R. J. Pe n r o s e H. E. Emme r t o n SHALL BE, AND EACH OF THEM HEREBY IS, AUTHORIZED TO ENDORSE FOR DEPOSIT OR NEGOTIATION ANY AND ALL CASH, CHECKS, NOTES, DRAFTS, BILLS OF EXCHANGE, ORDERS FOR THE PAYMENT OF MONEY, EITHER BELONGING TO, OR COMING INTO THE POSSESSION OF, THIS CORPORATION, AS WELL AS ANY OTHER EVIDENCES OF DEBT. ENDORSEMENTS FOR DEPOSIT MAY BE BY THE WRITTEN OR STAMPED ENDORSEMENT OF THE CORPORATION WITHOUT DESIGNATION OF THE PERSON MAKING THE ENDORSEMENT. THIS CORPORATION HEREBY GUARAN TEES ALL PRIOR ENDORSEMENTS ON ALL CHECKS, DRAFTS OR OTHER 3IMILAR I N S T R U MENTS THAT MAY BE DEPOSITED BY IT WITH SAID BANK. rr * '** Tt-. : r 0000-NLI-000021072 2472 (EXECUTIVE COMMITTEE - Ja n u a r y 16, 1952) BE IT FURTHER RESOLVED, t h a t a n y J. W. Ho f s t e t t e r E . A . Ka is e r R. J. Pe n r o s e one of t h e f o l l o w in g : H. E. Emme r t o n OF THIS CORPORATION IS AUTHORIZED TO SIGN ANY AND ALL CHECKS, DRAFT AND ORDERS, INCLUDING ORDERS OR DIRECTIONS IN INFORMAL OR LETTER FORM, AGAINST ANY FUNDS AT ANY TIME STANDING TO THE CREDIT OF THIS CORPORATION WITH SAID BANK ANO/oR AGAINST ANY ACCOUNT OF THIS CORPORATION WITH SAID BANK} AND THAT SAID BANK IS HEREBY AUTHOR IZED TO HONOR ANY AND ALL CHECKS, DRAFTS AND ORDERS SO SIGNED, INCLUDING THOSE DRAWN TO THE INDIVIDUAL ORDER OF ANY SUCH OFFICERS AND/OR THE OTHER PERSONS SIGNING THE SAME WITHOUT FURTHER INQUIRY OR REGARD TO THE AUTHORITY OF SAID OFFICER ANd /o r OTHER PERSON OR THE USE OF S A I 0 CHECKS, DRAFTS AND ORDERS OR THE PROCEEDS THEREOF. BE IT FURTHER RESOLVED, t h a t a n y t w o o f t h e f o l l o w in g : Th e Pr e s id e n t o r a Vic e Pr e s id e n t JOINTLY w it h t h e Tr e a s u r e r o r a n As s is t a n t Tr e a s u r e r o f t h i s c o r p o r a t io n a r e a u t h o r iz e d t o b o r r o w FROM TIME TO TIME ON BEHALF OF THIS CORPORATION FROM SAID BANK SUCH SUMS OF MONEY, FOR SUCH TIME, ANO UPON SUCH TERMS AS MAY TO THEM, OR ANY OF THEM, SEEM ADVISABLE, AND TO EXECUTE IN THE NAME OF THIS CORPORATION NOTES, DRAFTS OR AGREEMENTS FOR THE REPAYMENT OF ANY SUMS SO BORROWED, AND THEY AND EACH OF THEM ARE HEREBY AUTHORIZED TO DISCOUNT WITH THE SAID BANK ANY OF THE NOTES, BILLS RECEIVABLE OR ACCEPTANCES HELD BY THIS CORPORATION UPON SUCH TERMS AS THEY MAY DEEM ADVISABLE, AND TO PLEDGE, HYPOTHECATE OR MORTGAGE AS SECURITY TO SAID BANK ANY OF THE NOTES, BONDS, STOCKS, BILLS RECEIV ABLE, WAREHOUSE RECEIPTS AN0/0R OTHER DOCUMENTS, ACCOUNTS, SECURI TIES AND/OR PROPERTY (REAL, PERSONAL OR MIXED) OF THIS CORPORATION, AND TO EXECUTE AND DELIVER ANY AND ALL ENDORSEMENTS OR INSTRUMENTS OF ASSIGNMENT OR TRANSFER WHICH MAY BE NECESSARY OR PROPER IN SUCH CASES EFFECTUALLY TO TRANSFER TO THE SAID BANK THE PROPERTY SO HYPOTHECATED, MORTGAGED OR DELIVERED. O A ID NAKED PERSONS ARE FURTHER AUTHORIZED: 1. TO ISSUE INSTRUCTIONS FOR THE CONOUCT OF ANY SUCH ACCOUNT OR ACCOUNTS. 2. TO PURCHASE, SELL, WITHDRAW, RECEIVE AND RECEIPT FOR SECURITIES OR OTHER PROPERTY, AND TO SIGN ORDERS AND OTHER INSTRUCTIONS IN CONNECTION WITH THE PURCHASE, THE SALE, THE PAYMENT, THE REGISTRATION ANO THE DELIVERY THEREOF, ANO TO PER FORM ALL OTHER ACTS INCIDENT THERETO. 3. TO DELIVER TO, ANO DEPOSIT WITH, SAID BANK FOR SAFE KEEPING, CUSTODY OR OTHER PURPOSES ANY SECURITIES OR OTHER PROPERTIES OWNED OR OTHERWISE HELD BY THIS CORPORATION, AND TO SIGN ORDERS AND ISSUE INSTRUCTIONS IN CONNECTION WITH THE WITH DRAWAL OR OTHER DISPOSITION OF SUCH SECURITIES OR OTHER PROPERTY. 4. TO IDENTIFY AND GUARANTEE ASSIGNMENTS, TRANSFERS AND ENDORSEMENTS FOR TRANSFER ON BONDS, STOCK CERT IF I CATES,'' I NTER I, M, I PARTICIPATION, AND OTHER CERTIFICATES} ANO TO IDENTIFY AND ' CUARAN- TEE SIGNATURES ON BONDS AND 3T0CK P0WERS-OF-ATT0RNEY ... : 7 > C" yr_ _ _or- ..V..T. ^ A 0000-NLI-000021073 (EXECUTIVE COMMITTEE Ja n u a r y 16, 1952) 5. To DESIGNATE FROM TIME TO TIME THE PERSON OR PERSONS TO RECEIVE FROM SAID BANK ANY AND ALL CANCELLED CHECKS ANo/oR STATEMENTS OF THE ACCOUNTS 'OF THIS CORPORATION WITH SAID BANK. 6. TO AUTHORIZE THE RENTAL OF, ANO ACCESS TO, SAFE DEPOSIT BOX OR BOXES IN THE SAFE DEPOSIT DEPARTMENT OF SAID BANK ON BE HALF OF THIS CORPORATION} AND TO PLACE INTO SAID BOX OR BOXES, ANO TO WITHORAW FROM SAID BOX OR BOXES, ALL PROPERTY OF THIS CORPORATION. 7. TO AUTHORIZE THE RENTAL OF, AND ACCESS TO, THE NIGHT DEPOSITARY OF SAID BANK, AND TO MAKE DEPOSITS TO SAID NIGHT DEPOSITARY, AND TO EXERCISE ALL THE PRIVILEGES OF SAID NIGHT DEPOSITARY ACCORDING TO THE BANK'S CUSTOM AND UNDER THE RULES AND REGULATIONS AS PRESCRIBED BY SAID BANK FROM TIME TO TIME, WHEREIN MAY BE DEPOSITED ANY OF THE FUNDS OF THIS CORPORATION (AS SAID FUNDS ARE HEREINABOVE DEFINED). 8. TO ACT FOR THIS CORPORATION IN THE TRANSACTION OF ALL OTHER BUSINESS FOR ITS ACCOUNT, AND TO SIGN ORDERS AND ISSUE INSTRUCTIONS TO SAID BANK IN CONNECTION THEREWITH. BE IT FURTHER RESOLVED, t h a t e a c h o f t h e f o r e g o in g r e s o l u t io n s SHALL CONTINUE IN FORCE UNLESS AND UNTIL WRITTEN NOTICE OF SUCH REVOCATION OR CHANGE, CERTIFIED BY THE PRESIDENT AND SECRETARY OF THIS CORPORATION, SHALL HAVE BEEN DELIVERED TO SAID BANK BY DELIVER ING s a me t o it s Pr e s id e n t , o r o n e o f i t s Vic e Pr e s id e n t s o r it s Ca s h ie r a t it s b a n k in g o f f i c e : b u t if t h e a u t h o r it y c o n t a in e d in THESE RESOLUTIONS SHOULD BE REVOKED OR TERMINATED BY OPERATION OF LAW WITHOUT SUCH NOTICE, IT IS AGREED, FOR THE PURPOSE OF INDUCING SAID BANK TO ACT THEREUNDER, THAT SAID BANK SHALL BE SAVED HARMLESS FROM ANY LOSS SUFFERED OR LIABILITY INCURRED BY IT IN SO ACTING AFTER SUCH REVOCATION OR TERMINATION WITHOUT SUCH NOTICE. 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 r e s o l u t io n s WERE UNANIMOUSLY ADOPTED IN CONNECTION WITH OPENING A NEW BANK ACCOUNT w it h t h e Fir s t Na t io n a l Ba n k in Ho u s t o n , u n d e r t h e a c c o u n t n a me o f "NATIONAL LEAD COMPANY - 3AR0ID SALES DIVISION - SUPERINTENDENT'S ACCOUNT"; BE IT RESOLVED, t h a t a n a c c o u n t s h a l l b e e s t a b l is h e d in t h e n a me o f t h is c o r p o r a t io n w it h t h e Fir s t Na t io n a l Ba n k in Ho u s t o n UNDER THE BANK'S CUSTOM AND UNDER THE RULES AND REGULATIONS AS PRE SCRIBED BY SAID BANK FROM TIME TO TIME, WHEREIN MAY BE DEPOSITED ANY OF THE FUNDS OF THIS CORPORATION WHETHER REPRESENTED BY CASH, CHECKS, NOTES, DRAFTS, BILLS OF EXCHANGE, ORDERS FOR THE PAYMENT OF MONEY, EITHER BELONGING TO, OR COMING INTO THE POSSESSION OF, THIS CORPORATION, AS WELL AS ANY OTHER EVIDENCES OF DEBT; AND THAT J. W. HOFSTETTER E. A. Ka is e r R. J Pe n r o s e H. E. Emme r t o n 0000-NLI-000021074 `k<- : " n. & (EXECUTIVE COMMITTEE Ja n u a r y 16, 1952) SHALL BE, AND EACH OF THEM HEREBY IS, AUTHORIZED TO ENDORSE FOl * DEPOSIT OR NEGOTIATION ANY AND ALL CASH, CHECKS, NOTES, ORAFTIj,' BILLS OF EXCHANGE, ORDERS FOR THE PAYMENT OF MONEY, EITHER BE^ LONGING TO, OR COMING INTO THE POSSESSION OF, THIS CORPORATION, AS WELL AS ANY OTHER EVIDENCES OF DEBT. ENDORSEMENTS FOR DEPOSIT MAY BE BY THE WRITTEN OR STAMPED ENDORSEMENT OF THE C ORP OR AT I OR - WITHOUT DESIGNATION OF THE PERSON MAKING THE ENDORSEMENT. Th I S ` CORPORATION HEREBY GUARANTEES ALL PRIOR ENDORSEMENTS ON ALL CHECKS, DRAFTS OR OTHER SIMILAR INSTRUMENTS THAT MAY BE DEPOSITED BY IT WITH SAID BANK BE IT FURTHER RESOLVED t h a t a n y o n e OF THE FOLLOWINGS J. W. Ho f s t e t t e r E. A. Ka is e r R. J. Pe n r o s e H. E. Emme r t o n OF THIS CORPORATION IS AUTHORIZED TO SIGN ANY AND ALL CHECKS, DRAFTS AND ORDERS, INCLUDING ORDERS OR DIRECTIONS IN INFORMAL OR LETTER FORM, AGAINST ANY FUNDS AT ANY TIME STANDING TO THE CREDIT OF THIS CORPORATION WITH SAID BANK ANd /o R AGAINST ANY ACCOUNT OF THIS CORPORATION WITH SAIO BANK | AND THAT SAID 8ANK IS HEREBY AUTHORIZED TO HONOR ANY AND ALL CHECKS, DRAFTS AND ORDERS SO SIGNED, INCLUDING THOSE DRAWN TO THE INDIVIDUAL ORDER OF ANY SUCH OFFICERS ANd /o R THE OTHER PERSONS SIGNING THE SAME WITHOUT FURTHER INQUIRY OR REGARD TO THE AUTHORITY OF SAID OFFICER ANd /o R OTHER PERSON OR THE USE OF SAID CHECKS, DRAFTS AND ORDERS OR THE PROCEEDS THEREOF. BE IT FURTHER RESOLVED, t h a t a n y t w o o f t h e f o l l o w in g : Th e Pr e s id e n t o r a Vic e Pr e s id e n t JOINTLY w it h t h e Tr e a s u r e r o r a n As s i s t a n t Tr e a s u r e r o f t h i s c o r p o r a t io n a r e a u t h o r iz e d t o BORROW FROM TIME TO TIME ON BEHALF OF THIS CORPORATION FROM SAID BANK SUCH SUMS OF MONEY, FOR SUCH TIME, AND UPON SUCH TERMS AS MAY TO THEM, OR ANY OF THEM, SEEM ADVISABLE, AND TO EXECUTE IN THE NAME OF THIS CORPORATION NOTES, DRAFTS OR AGREEMENTS FOR THE RE PAYMENT OF ANY SUMS SO BORROWED, AND THEY AND EACH OF THEM ARE HEREBY AUTHORIZED TO DISCOUNT WITH THE SAID BANK ANY OF THE NOTES, BILLS RECEIVABLE OR ACCEPTANCES HELD BY THIS CORPORATION UPON SUCH TERMS AS THEY MAY DEEM ADVISABLE, AND TO PLEDGE, HYPOTHECATE OR MORTGAGE AS SECURITY TO SAID BANK ANY OF THE NOTES, BONDS, STOCKS, BILLS RECEIVABLE, WAREHOUSE RECEIPTS ANd /o R OTHER OOCUMENTS, AC COUNT S , S E C U R I T I E S AND/OR PROPERTY (REAL, PERSONAL OR MIXED) OF THIS CORPORATION, AND TO EXECUTE AND. DELIVER ANY AND ALL ENDORSE MENTS OR INSTRUMENTS OF ASSIGNMENT OR TRANSFER WHICH MAY BE NEC ESSARY OR PROPER IN SUCH CASES EFFECTUALLY TO TRANSFER TO THE SAID BANK THE PROPERTY SO HYPOTHECATED, MORTGAGED OR DELIVERED. . Sa i d n a me d p e r s o n s a r e f u r t h e r a u t h o r iz e d : I. To ISSUE INSTRUCTIONS FOR THE CONDUCT OF ACCOUNT OR ACCOUNTS. ANY SUCH ' `V * I .... - v,...................................... . 0000-NLI-000021075 v . v.-f'.-.Vx *________,-m--pr--- ' El-24 (EXECUTIVE COMMITTEE - Ja n u a r y 16, 1952) 2. To PURCHASE, SELL, WITHDRAW, RECEIVE AND RECEIPT FOR SECURITIES OR OTHER PROPERTY, AND TO SIGN OROERS AND OTHER INSTRUCTIONS IN CONNECTION WITH THE PURCHASE, THE SALE, THE PAYMENT, THE REGISTRATION AND THE DELIVERY THEREOF, AND TO PERFORM ALL OTHER ACTS INCIDENT THERETO. 3. TO DELIVER TO, AND DEPOSIT WITH, SAID BANK FOR SAFE KEEPING, CUSTODY OR OTHER PURPOSES ANY SECURITIES OR OTHER PROPERTIES OWNED OR OTHERWISE HELD BY THIS CORPORATION, AND TO SIGN ORDERS AND ISSUE INSTRUCTIONS IN CONNECTION WITH THE WITHDRAWAL OR OTHER DISPOSITION OF SUCH SECURITIES OR OTHER PROPERTY. 4. TO IDENTIFY AND GUARANTEE ASSIGNMENTS, TRANSFERS AND ENDORSEMENTS FOR TRANSFER ON BONDS, STOCK CERTIFICATES, IN TERIM, PARTICIPATION, AND OTHER CERTIFICATES? AND TO IDENTIFY AND GUARANTEE SIGNATURES ON BONDS AND STOCK P0WERS-0F-ATT0RNEY. 5. TO DESIGNATE FROM TIME TO TIME THE PERSON OR PERSONS TO RECEIVE FROM SAID BANK ANY AND ALL CANCELLED CHECKS ANd /o R STATEMENTS OF THE ACCOUNTS OF THIS CORPORATION WITH SAID BANK. 6. TO AUTHORIZE THE RENTAL OF, AND ACCESS TO, SAFE DEPOSIT SOX OR BOXES IN THE SAFE DEPOSIT DEPARTMENT OF SAID BANK ON BE HALF OF THIS CORPORATION? AND TO PLACE INTO SAID BOX OR BOXES, AND TO WITHORAW FROM SAID BOX OR BOXES, ALL PROPERTY OF THIS CORPORATION. 7. TO AUTHORIZE THE RENTAL OF, AND ACCESS TO, THE NIGHT DEPOSITARY OF SAID BANK, AND TO MAKE DEPOSITS TO SAID NIGHT DEPOSITARY, AND TO EXERCISE ALL THE PRIVILEGES OF SAID NIGHT DEPOSITARY ACCORDING TO THE BANK'S CUSTOM AND UNDER THE RULES AND REGULATIONS AS PRESCRIBED BY SAIO BANK FROM TIME TO TIME, WHEREIN MAY BE DEPOSITED ANY OF THE FUNDS OF THIS CORPORATION (AS SAIO FUNDS ARE HEREINABOVE DEFINED). 8. TO ACT FOR THIS CORPORATION IN THE TRANSACTION OF ALL OTHER BUSINESS FOR ITS ACCOUNT, AND TO SIGN ORDERS AND ISSUE INSTRUCTIONS TO SAID BANK IN CONNECTION THEREWITH. BE IT FURTHER RESOLVED, t h a t e a c h o f t h e f o r e g o in g r e s o l u t io n s SHALL CONTINUE IN FORCE UNLESS AND UNTIL WRITTEN NOTICE OF SUCH REVOCATION OR CHANGE, CERTIFIED BY THE PRESIDENT AND SECRETARY OF THIS CORPORATION, SHALL HAVE BEEN DELIVERED TO SAID BANK BY DE LIVERING s a me t o it s Pr e s id e n t , o r o n e o f it s Vic e Pr e s id e n t o r it s Ca s h ie r a t it s b a n k in g o f f i c e : b u t if THE AUTHORITY CONTAINED IN THESE RESOLUTIONS SHOULD BE REVOKED OR TERMINATED BY OPERATION OF LAW WITHOUT SUCH NOTICE, IT IS AGREED, FOR THE PURPOSE OF INDUCING SAID BANK TO ACT THEREUNDER, THAT SAID BANK SHALL BE SAVED HARMLESS FROM ANY LOSS SUFFERED OR LIABILITY INCURRED BY IT IN SO ACTING AFTER SUCH REVOCATION OR TERMINATION WITHOUT SUCH NOTICE. 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 r e s o l u t io n s WERE UNANIMOUSLY ADOPTED IN CONNECTION WITH FACSIMILE SIGNATURES AUTHOR- IZED FOR THE BANK ACCOUNT WITH THE FIRST NATIONAL BANK IN HOUSTON, UNDER 0000-NLI-000021076 W; <f I o (EXECUTIVE COMMITTEE - Ja n u a r y 16, 1952) THE ACCOUNT NAMES RESPECTIVELY OF ''NATIONAL LEAD COMPANY - 3AROID SALES DIVISION - SALARY ACCOUNT NO. 2", ''NATIONAL LEAD COMPANY - 3AR01D SALES DIVISION - EXPENSE ACCOUNT", "NATIONAL LEAD COMPANY - BAROID SALES DIVISION - PAYROLL ACCOUNT", a n d ''NATIONAL LEAD COMPANY - BAROID SALES DIVISION - SUPERINTENDENT'S ACCOUNT": RESOLVED, t h a t t h e Fir s t Na t io n a l Ba n k in Ho u s t o n a s THE DESIGNATED DEPOSITARY OF THIS CORPORATION BE AND IT IS HEREBY REQUESTED, AUTHORIZED AND DIRECTED TO HONOR CHECKS, DRAFTS OR OTHER ORDERS FOR THE PAYMENT OF MONEY DRAWN IN THIS CORPORATION'S NAME, INCLUDING THOSE DRAWN TO THE IN DIVIDUAL ORDER OF ANY PERSON OR PERSONS WHOSE NAME OR NAMES APPEAR THEREON AS SIGNER OR SIGNERS THEREOF, WHEN BEARING OR PURPORTING TO BEAR THE FACSIMILE SIGNATURE OF ANY ONE OF THE FOLLOW I NS! J. W. Ho f s t e t t e r a n d t h e Fir s t Na t io n a l Ba n k in Ho u s t o n s h a l l b e e n t it l e d t o HONOR, AND TO CHARGE THIS CORPORATION FOR, ALL SUCH CHECKS, DRAFTS OR OTHER ORDERS REGARDLESS OF BY WHOM OR BY WHAT MEANS THE FACSIMILE SIGNATURE OR SIGNATURES THEREON MAY HAVE BEEN AFFIXED THERETO IF SUCH FACSIMILE SIGNATURE OR SIGNA TURES RESEMBLE FACSIMILE SPECIMEN DULY CERTIFIED TO, AND FILED WITH, THE FIRST NATIONAL BANK IN HOUSTON BY THE SECRE TARY OR OTHER OFFICER OF THIS CORPORATION. !'" BE IT FURTHER RESOLVED, t h a t w it h r e s p e c t t o t h e '' g e n u in e n e s s OF ALL SUCH MECHANICAL SIGNATURES, THIS CORPORATION ASSUMES ALL RISKS INVOLVED IN THE USE OF THIS FORM OF SIGNATURE AND AS SUMES ALL RESPONSIBILITY THEREFOR. BE IT FURTHER RESOLVED, t h a t t h is r e s o l u t io n s h a l l b e CUMULATIVE OF, BUT SHALL NOT SUPERSEDE, ANY AND ALL RESOLUTIONS NOW IN EFFECT WITH RESPECT TO THE AUTHORIZED MANUAL SIGNATURES ON BEHALF OF THIS CORPORATION. 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 r e s o l u t io n WAS UNANIMOUSLY ADOPTEO iX. 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 BE - THEY HEREBY ARE AUTHORIZED AND DIRECTED TO MAKE, EXECUTE ANO DELIVER IN THE NAME OF AND UNDER THE SEAL OF THIS C 0MP AN Y . TfLA^V* c e r t a in "Ame n d me n t t o Co n t r a c t f o r In d u s t r ia l Wa t e r S e r v ijs d a t e d De c e mb e r 31, 1951, w it h t h e Co l o r a d o Riv e r Co mmis s i^'** MODIFYING THE AGREEMENT OF APRIL 25, 1950, SO AS TO MAKE' 'V'~ ^ t o t h is Co mp a n y a n in c r e a s e d a mo u n t o f in d u s t r ia l wa t e it,,,wjfj MAXIMUM OF 5,000,000 GALLONS PER DAY. Up o n mo t io n , t h e me e t in g t h e n a o w o u r n e d * 0000-NLI-000021077