Document qd52qmexLN4oZZ7zdwZd5mrq

Minutes of Regular Meeting of the Board of Directors of National Lead Company held at 111 Broadway, New York City, on Thursday, July 6, 1328, at ________________ 10 o*clock A. M._______ Present: Messrs. Beale, Beschorman,Brod'rick, Carpenter, Carter, Caselton, Cornish, Croft, Field,'Rockwell Sidford, Taylor and Thompson. Absent: Messrs. Dorsey McCarty. Present by invitation: Mr. Merrick. The minutes of the regular meeting held June 21, 1928, were read and duly approved On separate motions the following resolutions were each unanimously adopted, the roll being called where the expenditure of money was involved. RESOLVED, that the following actions of the Executive : Committee be and they hereby are approved. Approving exr penditure of $ 286,000.00 by John T. Lewis & Bros. Co. for reconstruction and re equipment of oil mill at its Philadelphia plant with increased capacity. do $ 12,630.00 by United Lead Company for installation of Soderberg Electrode Paste plant at its Keokuk Plant. Appropriating $ 7.500.00 for construction of additional storage apace at Eckstein Works, Cincinnati Branch. do $ 1.727.00 for purchase of fifty steel boxes for transporting Carter process tailings for use at Southern Works, Chicago Branch do $ 866.71 for repairs to switch track at St. Louis Lead 4 Oil Works, St. Louis branch 0000-NLI-000021789 141 Appropriating do $ 747.45 $3,489.23 for installation of new tubes in boiler of steam lighter ''Atlantc", Atlantic Branch Lv for general metal testing work at Laboratory extension, Brooklyn, said sum being the unexpended portion of appropriation of $5000. made January 21, 1927, for experimental work in metals by Research Laboratories at Crooke Works, Atlantic Branch. Extending authority to execute bids, contracts, etc. for supplying materials to government, state and municipal departments so as to include Branch Comptrollers and Assistant Comptrollers as well as Managers and Assistant Managers, and any other individual specially deputized by any such Branch official for that purpose , RESOLVED, that the affixing of the seal of the Company to the following documents be and it hereby is approved and confirmed. Chicago Branch Certified copy of Board resolution of June 21, 1928, authorizing Windsor Manufacturing Company bank account. ueneral Office Proxy.in favor of Dr. Jebsen for proprietors meeting of Titangesellschaft m. b. H. Proxy in favor of Or. Jebsen for ordinary general meeting of Societe Industrielle du Titane. Proxies (3) in favor of Dr. Jebsen or Herr Vogt for annual general meeting of Titan Co. A/S. Deed of United Lead Company to National Lead Company dated June 30, 1923, in duplicate, conveying all grantor's property and business in Illinois, grantee assuming all liabilities in connection therewith. Baltimore Branch Certified copy of Board resolution of June 21, 1928, authorizing Branch bank account and signatures in connection therewith. St. Louis Branch Application for 1928 renewal of National Prohibition Act Permit No. Mo. H 3004 for use of alcohol at 5548 Manchester Avenue, St. Louis. 0000-NLI-000021790 142 St. Louis branch (continued) Certification, in duplicate, of authority of Charles L. Haas, Kansas City warehouse Manager, to execute bid for furnishing supplies to United States Engineers Office, Kansas City. Certified copy of Executive Committee resolution of July 10, 1128, extending authority for execution of Government, etc. bids, contracts, etc. Atlantic branch Proof of debt and power of attorney in re Harris Bros., bankrupt. Certified copy of Executive Committee resolution of July 10, 1928, showing authority of Atlantic Branch officials to execute government bids, contracts, etc. Annual bid bond (standard government form) covering bids, etc., for furnishing supplies to Navy Department (Bureau of Supplies and Accounts) during fiscal year ending June SO, 1929. St. Louis S. & R. Works Offer of national Lead Company dated July 9, 1928, to assume liabilities of River Smelting & defining Co. and cancel its notes to National Lead Company aggregating $504,500., upon transfer to National Lead Company of all assets of River Smelting & Refining Company. I RESOLVED, that Dividend No. 147 of $1.75 per share on the Class A Preferred Stock cf 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, 1928, to stockholders of record at close of business August 31, 1928. RESOLVED, that Dividend No. 6 of $1.50 per share on the Class D Preferred Stock of the Company be and it hereby is declared, payable from Surplus Fund and Profits on November 1, 1928, to stock holders of record at close of business October 19, 1928. RESOLVED, that a quarterly divident of $1.25 per share on the Common Stock of the Company be and it hereby is declared, payable from Surplus Fund and Profits on September 29, 1923, to stockholders of record at close of business September 14, 1928. RESOLVED, that The Fifth Third Union Trust Company of Cincinnati, Ohio, be and it hereby is designated a depositary of the Cincinnati Branch of this Company and that the following named officials of said Branch be and they hereby are authorized to sign checks, drafts, notes -and other instruments in connection with the bank account herein, authorized and to transact all business with said bank: William A. Cail as Manager or John Findlay as Assistant Manager, either one of them, with Robert A. Matthews,as Comptroller or Charles B. Stevenson as Assistant Comptroller or William E. Brune as Assistant Comptroller, 0000-NLI-000021791 \