Document mJ5Q8VZ3N59DRjvzLY4NDXOd
UEUQ&ANDgM OF AGREEMENT
- November 20, 1936
THE UNDERSIGNED hereby agree to underwrite certain
experiments with asbestos dust to ba conducted \xf Dr. LeRoy
0' Gardner at the Saranac Laboratory, Saranac Lake, New York.
The general nature of these experiments and the
cost thereof were explained at the meeting of certain brake
lining manufacturers held in New York City on November 19,
1936/
The purpose of this memorandum is to confirm the .
agreement between the Undersigned to underwrite the cost
of these experiments amounting to &$,000 par year for a period
of three (3) years, or a total of $15000.
The Undersigned agree to share equally the costs
of said experiments. For example. If ten parties sign this
Agreement, the annual contribution of each will be t5C0.
It say be more or less, depending on whether the number of
those signing" is more or less than ten.
-
It is understood that payments to Dr. Gardner win,
for the sake of convenience, be made directly by Johns-tlanvllle
Corporation or by Raybestos-Vanhattan, Incorporated, and that
the others of the Undersigned will reimburse Johns-t^anville * 00o!S
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Corporation or Raybestoa-Uanhattaa, Incorporated for tbeir oro rata share of such payments as made.
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