Document omR7r0ge7XXgyBeKdJNdj9qGE

New Fork City, on luesday, July 23, 1956, at ______________10 o' clock A. A. Present: Lessrs. E. F. Beale, Beschorman, Carter, Cornish, I ft, Greene, harsh, Leredith, Rockwell, Sidford, Simon, Thompson fjjpj V.arshow. Absent: Messrs. L. T. Beale and Caselton. Present by invitation: none. The minutes of the last preceding monthly meeting held June 25, 1936 were read and duly approved. Upon motion duly made and seconded the actions of the Executive Committee since the last meeting of the Board as set forth in the minutes of its meetings held duly 2nd, 9th and 16th, 1956, submitted for the approval of the meeting, were duly and unanimously approved, the roll being called on all Items involving the expenditure of money. Upon notion duly made and seconded the affixing of the seal of the Company to sundry documents specified ir. schedule submitted by the Secretary was duly and unanimously approved, ratified and confirmed, and said schedule was ordered filed with the minutes of the meeting. upon separate motions the following resolutions were each unanimously adopted, the roll being called where the expenditure of money was involved. RESOLVER, that dividend ^o. 179 of 11.75 a share on the Class a Preferred Stock of the Company and/or the Preferred Stock authorized prior to april 21, 1927 and still outstanding, be and it hereby is declared, payable from Surplus Fund and Profits on September 15, 1936 to stockholders of record at close of business August 2S, 1936. MOO-NLI-000021918 N 1326 : -i" *c r, ! i ii j i #1i ' 1p ' iI r1 li ' i RESOLVED, that dividend No. 38 of $1.50 a share on the Class B ^referred Stock of the Company be and it hereby is declared, payable from Surplus Fund and Profits on November 2, 1936 to stockholders of record at close of business October lb, 1936. RESOLVED, that a quarterly dividend of 12^f a share on the 310 par shares of the Common Stock of the Company now authorized and outstanding, and/or of 31.25 a share on the 3100 par shares of said Common Stock authorized prior to May 15, 1936 and still outstanding on the record date herein fixed, be and it hereby is declared, payable from Surplus Fund and Profits on September 30, 1936 to stock holders of record at close of business September 11, 1936. RESOLVED, that an extra dividend of 12^ a share on the $10 par shares of the Common Stock of the Company now authorized and outstanding, and/or of $1.25 a share on the -frlOO par shares of said Common Stock authorized prior to May 15, .1936 and still outstanding on the record date herein fixed, be and it hereby is declared, payable from Surplus Fund and Profits on September 30, 1936 to stockholders of record at close of business September 11, 1936. RESOLVED, that the sum of $34,753. be and it hereby is appropriated for transferring Lined Products Division operations from the Dresent Market Street Plant to. main Perth Amboy Plant, Atlantic Branch, in the event of the lease or other disposal of said Market Street Plant, in conformity with letter of Mr. C. A. Geatty, Manager, Metal Department, dated July 27, 1936. RESOLVED, that the sum of $15,104.25 be and it hereby is appropriated for the purchase and installation of a Raymond roller mill for grinding dry white lead at Perth Amboy Plant, Atlantic Branch, in conformity with letter of Mr. G. M. Vvambold, General Suoerintendent, dated July 1, 1936. RESOLVED, that the proposed expenditure of the sum of $6855. by Carter White ^ead Company for the purchase and installation of equipment for transporting to and handling at its West Pullman Plant Dutch Process water-pulp lead from Southern Works, Chicago Branch, and for transporting Carter Process water--pulp lead from its West Pullman Plant to said Southern Works, in conformity with letter of Mp. Jules F. Boana, Plant Manager, dated July 20, 1936, be and it hereby is approved. 0000-NLI-000021919 \ c t c C c \ j ^ f- jnere ov 2.s 3.0 pro pi-- ^ l c u x ^ --_ installation at Southern Works, Chicago Branca, of vnerit for the delivery of Dutch Process water-pulp for transportation to West Pullman Plant, Carter > Lead Company, and for the receipt and handling Carter Process water-pulp lead from said *.est lman Plant, in conformity with letter of **r. L. A. Campj Manager, dated July 1936. R^BOLVED, that the authorization by the ufacturing Committee of the expenditure of the at amount of 65097.42 during the period June 23rd July 27th, 1936 for the purchase of 6 Ford coupes, Ford coaches and 1 Chevrolet coach for Company use, conformity with report of i*r. F. <. Rockwell, -bairman, dated ouly 27, 1936, be and it hereby is pproved. RESOLVED, that the sum of 623,200. be and it. hereby is appropriated for advertising features for the year 1957 in conformity with letter of Kill!am Knust, manager Advertising Department, Idated July 27, 1936. RESOLVED, that the sum of $5500., in addition to the amount heretofore appropriated for the purpose, be and it hereby is appropriated for branch advertising expenditure during the year 1556, to be allocated to the Atlantic Branch, in conformity with letters of ^r. B. u. idford, manager, Atlantic Branch, dated July 22, 1936 and of Ar._Ailliam Knust, manager. Advertising department, dated July 24, 1936. RESOLVED, that this Board approves in principle the adoption as at January 1, 1937 of a contributory retirement annuity plan for the benefit of employees of the Company and of its fully owned subsidiary companies in the united States and Canada substantially in accordance with the outline prepared by Metropolitan Life insurance Company under date of July 27, 1936 ana submitted at this meeting, and in that connection the termination of the existing Pension hlan of tne tompany as at December 31, 1936, subject to the continuance of pensions theretofore granted and to recognition and funding of credit for prior service tnereunder, and the limitation of operation of the existing heath benefits Plan of the Company from and after December 31, 1936, all as pro posed in said outline or as otherwise agreed upon in the discussion of said outline at this meeting, and that the officers of the tompany be and they hereby are authorized and directed to make application to said metropolitan "ife insurance Company for an appropriate contributory retirement annuity contract accordingly. On motion the meeting then adjourned. , . secretary. 0000-NLI-000021920 3CHLDJLE OF DOCUMENTS SEALED V/iTH THE COr POr ATL SEAL (flew York - June 23rd to July 27th, 1936; . Approved by Directors July 23, 1936. Pacific Coast Branch June 24 - Annual Report to Corporate Department, Oregon, due July 1, 1936. June 30 - Reconveyance to American investors, J-nc., of propertj conveyed by deed of trust oj J. l > . and ^aud Lockburner dated une 5, 1935 as securiji on note. July 2 - Application for 1937 renewal^ of permit to use specially denatured alcohol (.Treasury department Form Mo. 1479). July 14 - Reconveyance to George J. and Margaret C. Elliott of propel conveyed by their deed of trust as security on promissory note;] July 16 - Power of attorney designating*`i Bernard D. Deaton statutory ;; i Attorney in Fact of Company ia..| regon. July 22 - Designation of Bank of America,3! Sacramento, as agent with rear to securities lodged with State Treasurer through H: t* ! industrial Accident Commission of California. Baltimore Branch July 1 - Certification of authority of executing officer on contract dated ^une 30, 1936 for supply ing sheet lead to Norfolk Davy Yard. July 14 - Certification of authority of executing officer on contract dated June 27, 1936 for furnish ing pig lead and sheet lead to United States Davy Department, Bureau of Supplies and accounts St. Souls S. cc r . Works July 7 - Special warranty deed to James C. and hellie Mae Riddles of Lot Block 4, Town of St. Francois,1 0000-NLI-000021921 I Office June 23 - Annual Reoort to Securiries and Exchange Commission for calendar year 19S5 {SEC Form 10K), dated June 26, 1986, in duplicate. July 7 - Proxy for special stockholders' meeting of General -faint Corpora tion to be held July 20, 1936 for approval of plan of Capital Stock readjustment. July 9 - wew Jersey bill of sale covering purchase from Verner-Cadby, Inc., Verona, u. J.^, of 1936 Ford Tudor sedan for J. t. Winters. Assignment to Verner-Cadby, Inc., of bill of sale of old -c ord car of J. F. "inters. July 10 - Agreement with Trustees u/w Paul Butler et al dated July 3, 1936, in duplicate, ratifying procedure to date under agreement of January 3, 1920 for purchase of u. s. Cartridge Company stock, in respect of settlement of Italian claim, tax payments, etc., and providing for final payment of balance of purchase price due under said original agreement as ascertained to date, subject to reserve for contingencies, and for termination of control over liquidation procedure provided in said original agreement, etc. July 21 - Applications for patent on Biers' cinch bolt (U. S. Serial No. 55320, filed December 20, 1935), in France, Germany, England, Irish Free State, Denmark, uorway, Sweden, Italy and Argentina. July 27 - Amendment A*o. 4 dated July 27, 1336 (.SEC Form 8), in duplicate, to Application dated May 2, 1935 (SEC Form 10) for permanent registration of issued capital stock under Securities Exchange Act of 1334. 0000-NLI-000021922 Atlantic Branch July 1 Reorganization in re midway Plumbing & ^eating Supply Co,, debtor. July 2 - Certified copv_of executive Co resolution of July , 1936 re vising authority for signatures against Atlantic 'orks Payroll Petty Cash Accounts with crookl Trust Company. July 3 - General release under ew York City contract 113293 for supply red lead. July 23 -Contract for supplying white lead to department of Purchase, City of ^ew York, in triplicate, and application to United States Guarantee Company for guaranty of performance thereunder. Secretary 0000-NLI-000021923