Document yednOqjoVMNGgo057doDp0dV

cur Cleveland, Ohio d at e Bopteraber 20, 1957 ** .* t J s u bj ec t Hitters on Which Directors and/or Executive Comlttee Action IIuo Been Taken and on Which Other Action is tending ANSWERING LETTER Of All Directors ; ; taint Division ' ... /. "V 1. Araon'&aent of Bipolin Agreement (13) - Efforts are being made to induce Ripolin > to give Us its <Mii7aents concerning the draft of on amendment to our September So, 1951 agreements vith Ittpolin which includes the right to manufacture industrial and mintenmico finishes in Holland.. ? ;J 2. Bale of Evansville Branch (5) - A suitable location for the new Evansville Branch has not as yet been found. The sale of our present Evansville Branch property, ns authorized by tho Directors on, March 15, will he delayed until arrangements can be made to assure obtaining other suitable branch facilities. 3. fubco mint Mart - A draft of on agreement covering tho acquisition of assets of pahco Pnint Kart, Oakland, California, has been presented to Mr. Stark, its owner. As required by the authorization of the Executive Committee on September 11, the final agreement will bo presented to the Board or Executive Committee for approval prior to its execution by the Conpany. b. rabrlca Kacional de Pinturas, S. A. - Pinal drafts of tho new Technological Service Agreement and Trademark Agreement have been proeented to fabrics and are awaiting execution. Chenlcals-Pigmants-MetalB Divioion 1, Proposed Bale of Scranton. Pennsylvania Plant (3) * Negotiations for the sole of the plani are pending. 2. Project Z () - A further report on Project Z will be and# at the November Board mooting.. Pood Division 1. Transfer of Condiment and Coconut Cperationo to Bethlehem (3) - There have been no further reports oh this matter since' the Iasi mooting, at which time transfer of the condiment and coconut operations from Elmhurst to Bethlehem, os approved by the Directors on April 19, was awaiting cocpletion of authorized alterations to the hew plant. At that time the estimated completion data was September 1 end operations at this plant were directed to ccnoenoe on October 1# fi. Proposed Sale of Iron Street and Norwalk Plants (3) - No offers of purchase for eIter the iron Street or Nirvalk plants live \>een received as a result of the listing of these plants vith real estate agents as approved by the Executive Can* mittee on April 1. GL0008020 N 2230