Document xzzKz2oR3z61gZ2LpOdOxR4JE

Minutes of Regular Monthly Meeting of the Board of Directors of HATIOUAL LEAD COMPANY held at Ho. Ill Broadway, Hew York City, Tuesday, July 2o, 19*#, at 11:15 o1 clock A. K._____________ ____ PBESEUT: L. T. Beale W. 7. Burley W. P. Carroll C. A. C-eatty J. A. Martino D. A. Merson G. L. Ratcliffe J. A. Taylor E. T. Warshow H. C. Uildner ABSENT: Messrs. Garesche and Simon The President, J. A. Martino, acted as Chairman of the meeting, and J. B. Henrich acted as Secretary. A summary of the minutes of the last preceding meeting held June 28, 19*#, was presented and upon notion, the reading of the minutes of the previous meeting was waived and the minutes were unanimously approved. Upon separate notions duly made and seconded, the following reso lutions were each unanimously adopted: RESOLVED, That the actions of the Executive Committee as set forth in the minutes of its meetings held June 29. July 7. July 12, and July 20, 19*#, submitted at this meeting and involving expenditures and appropriations of $525,920.31. be and they hereby are approved. RESOLVED, That the Semi-Annual Report to the Stockholders for the first half of the year 19*#. in the form submitted at this meeting, be and it hereby is approved, rati fied and confirmed. RESOLVED, That Dividend Ho. 231 of $1.75 a share on the Class A Preferred Stock of the Company and on the Preferred Stock of the Company authorized prior to April 21, 1927, and still outstanding, be and it hereby is declared, payable from Surplus Fund and Profits on September 15, 19*# to stockholders of record at close of business August 2o, 19*# RESOLVED, That Dividend Ho. 90 of $1.50 a share on the Class 3 Preferred Stock of the Company be and it hereby is declared, payable from Surplus Fund and Profits on November 1, 19*# to stockholders of record at close of busi ness October 19, 19*# IW-Olj (30ARD OP DIRECTORS - July Zo, 1?49) RESOLVED, That a quarterly dividend of 25$f. a share on the $10 par shares of the Common Stock of the Company now authorized and outstanding, and of $2.50 a shareon the $100 par shares of said Common Stock authorized prior to May 15, 193^ and still outstanding on the record date herein fixed, except any shares of Common Stock of the Cor represented by Scrip Certificates outstanding unexchanged, he' and it hereby is declared, payable from Surplus Fund and Proj on September 30, 1949 to stockholders of record at close1 of business September 9, 1949* RESOLVED, That the purchase by this Company of! Two Hundred and llinety-eight (298) Shares of the Preferred Stock of The Baker Castor Oil Company and of Four Hundred and '3 Twenty-nine (429) Shares of the Common Stock of said The Bakwy i|| Castor Oil Company for the price of Three Hundred Forty Thousand* and One Hundred ($340,100.) Dollars, be and the same is hereby* j approved, ratified and confirmed. FURTHER RESOLVED, That the officers of the Company be and they hereby are authorized and directed to such additional number of the Shares of Stock, whether Preferred, 1 Common, or both, of The Baker Castor Oil Company as they may desirable, at such price as in their judgment may appear appro priate. RESOLVED, That the proposed 1950 Advertising BudgetTLn the sum of $985,573*. as detailed in report dated July 22, 1949, from Mr. William Knust, Advertising Manager, be and it hereby is approved. Upon motion, the meeting then adjourned. 0000-NLI-000022014