Document pevdReLqxzmDVkgDZLr7GxLL7

rtTV Cleveland, Ohio C,TY ' October 21. 1957 dat e ' f or subj ec t Matters on Which Director* end/or Executive Committee Action }te Been THken and on Which Other Action la reading ANSWERINO LETTER OF All Director* faint Division 1. Amendment of Rlpolln Agreement (14) - Effort* are being mad# to induce Plpolin to give iie i4* commit* concerning the draft of an amendment to our September 26, 1951 agreements with Plpolin which include* the right to manufacture industrial end maintenance finishes in Holland. 2. Snle of Evansville Branch (6) - A suitable location for the new Evansville Branch Kna not'as'yet V>een /oimd. The sale of our present Evansville Branch property, ae authorised by the Director* on March 13, will be delayed until arrangement* can be irde to a*sure obtaining other suitable branch facilities. 3- fhbco JPaint Hart (l) - A draft of an agreement cowering the acquisition of asset* of Mateo Dalnt frirt, Oakland, California, has been presented to Mr. Stark, its earner. A* required by the authorisation of the Executive Committee on September 11, the final agreement will be presented to the Board or Executive Ccmaittee for approval prior to its execution by the Company. 4. fabrics flaclonal de Flnturaa, S. A. (1) - Final drafts of the new Technological. Service Agreement anA Trademark Agreement have been presented to Fabric* and ert awaiting execution. 5 ITB1* Covering Rehabilitation of Cleveland Plant - Any changes in the expenditures covered by FTK 1 approved \>y Ihe Board oh flaptmhber 2e, suggested by the Chief Engineer, Insurance Manager and Controller will be submitted for approval of citherthe Board or the Executive Committee. 6. Monrovia national Paint Store, Inc. The purchase of the assets of Monrovia iktioriai Faint Btore, Inc., Monrovia, California, a* author1red by the Executive Committee on peptember 27 will be concluded on Novemtoer 1* Chcralcalt-Flgneats-Hetals Division 1. Proposed this of Scranton, Pennsylvania Plant (4) Negotiations for the sale of the piani fire pending. " Cheaurgy Division 1* Iroposed^Palc of a Portion of the Property at Buena Fbxk, Calif* - A* authorised by tne Board on September J?1*, aneiYer Vm* Veen received to purcWse 15 acres of the Company'* property at Buena rerk for a price of $189,750. The purchase contract in final form will be presented to the Executive Committee for approval. GLD00988? Ail Director* 112'i August Blj 1957 Food Division l. Transfer of Condiment and Coconut Operations to Bethlshsn (M The alterations has been Installed* Manufacturing operations st the Elmhurst Plant vlll be discontinued on Morember 1, at vhleh time Inventories vlll be moved from lOmhurst to Bethlehem. 2. Proposed Sale of Iron Street sod Morvalk flsnt* (t) - Ho offers of purchase for either tHe Iron iHreet or l^tvslk plsnts liareVeen reoeired ss s result of th* listing of these plants vith reel estate agents ss approved by the Kmoutlre Committee on April 1. 3* Proposed gale of Elmhurst, Long Island Property (2) - Mo reasonable offers of purehose for this plaint have been received ss a result of th* May 17 authorisation for sals of the property. Southern Chemical Division 1. Crestvood Street Relocation (3) - The pouthern Chemical Division's negotiations with iVe City of Jacksonville for the relocation of Crestvood Street are pending, and, at the present time, the city has Indicated that the total cost of this project vlll substantially exceed the s u m of $12,500 as authorised by the Director* on April 19. WPS/bJs W. T. Stetselberger (The figure in parentheses is nurtoer of consecutive Months item has been pending*) GL D009 883