Document v1nZ4ZR74YoaZVN7M0p1MaV8b

MI1?JTS3 OF ?CSTJ'JO C? TH2 SXBCU71V3 C0MII7TBB 0? TXS CLTDD^fi CCilrMlX t'': '^ R ] Minutes of meting of the 3xaeutlvo Conslttes of Th* Ollddsm Coripauy held at the office of the Cmpaoy, 139$ Union Cornei-ce Bullying, Clovwlnrjcl, Ohio on Trldfiy, February 27, 1953 t 3? 00 Pii The following wmbers of the Cowsltt.ee vere preae-nt: th/ight P. Joyce B. W, Kaxey 8. 0. Uorrtor Messrs. Adrian B. Joyce, P. S. Spragne, J. P, Puth and 1. i\, Patera vtrta not present at the resting. To tho sbnerce of the Chatman, Mr. i)wisht P. Joyce, President, presided and -ir. P. D. norocr, decretory, roeorded the wtmitee. The Ceosalttce, upon motion duly sad* and seconded, unnciwo-atly approved a contract submitted by the Secretory whereby the Company agreed to lease froa The May Department stores Company ir> Jpsltivjorc, Maryland, 1,100 square feet of space, located on tbs sixth floor of the May store in that city, for the purpose of telric& over paint departs? nt prevlouoly operated by The Hay Pepsrtssent Stores Company. under the agreement the Hoy etore would bo granted coopensatlon equivalent to IT? of The Clladen Company's total paint sales node tr> the May store. The Coraaltteo coxaldared the purchase of vacant property ad joining the *atnt Division's Hov Orleans plant, negotiation* for vhich had previously been authorised by the Boerd of Pireetoro on Jamary l, 1953. Upon action duly made, seconded and unanimously carried, It voa ISHOLV^D, that !fr. v, G 'rstsrt be and he ic hereby authorised to purohaae on behalf of this Corporation certain reel property known as CllU-16 and 2118-20 Soaseau Street, Sev Orleans, Louisians, for the su* of 'Thirteen Thousand Dollars ($13,003), aed to execute any and all docu ments , including ar. Act of Sale vhtch aay be required by lav to eoneunwate said purchase. GLD008330 / A for.i of release providing for the subordination of 77of the cIn lag of 3k>llo Rchllthule, Agricola, &rvS Koels to th other creditors of Verner fc Bolt, on Insolvent partnerohip trading in coybean aeol vos, upon notion duly made on<3 seconded, unaalswusly approved by the Ccanrittee. This approval vaa conditioned upon the unanimous approval and execution of the release by all other creditors of Werner & Boll affected by the subordination agreement. The Cosasitte considered end, upon cotton duly made and seconded, unactwouoly approved a contract vttb The. Eagle-Picher Sales Coopauy whereby Sagle-Picher agreed to buy ito resale requirements of dry carbonate of white lead for a period of five years from the Chemicals, Pigments ?! 'Totals Division. There being no further business to cot before tbs Cccralttea, the meeting van, upon cotton duly mde end noconded, unanimously adjourned. GLD008331