Document ymxzrGkaYopjQx3koj4NxMdLX

Min u t e s o f Me e t in s o f EXECUTIVE COMMITTEE h e l d We d n e s d a y , Ap r il 15, I953 a t 11:00 o t c l o c k A.M. PRESENT: Me s s r s . Ma r t in o , Bu r l e y , Dr e w e s , Me r s o n , Re id , a n d Wil o n e r (J. A. Ma r t in o , Ch a ir ma n ; J. B. He n r ic h , Se c r e t a r y ) PRESENT BY INVITATION: Me s s r s , Q. L. Ra t c l if f e a n d J. A. Ta y l o r ABSENT: Mr . H. T. Wa r s h o w Th e min u t e s o f t h e me e t in g o f Ap r il I, 1953 w e r e d u l y APPROVED. Up o n mo t io n , t h e f o l l o w in g a p p l ic a t io n s f o r a p p r o p r ia t io n s WERE DULY APPROVED: $ 8,344.00: 62,570.12: 2,448.00: 2,381.00: 2,600.00: 29,820.00: 3,694.90: I I 9.24: 41,684.99: 14,670.50: 3,821.00: 3,393.50: Co n t r ib u t io n ; Co n f ir min g p a y me n t o f s u b s c r ip t io n s t o Le a d In d u s t r ie s As s o c ia t io n f o r t h e p e r io d Ap r il I t o Ju n e 30, 1953 Me mb e r s h ip , in c l u d in g s a f e t y & h y g ie n e $5,815.00 Me t a l l ic Le a d Pr o d u c t s Div is io n 2,529.00 $8,344.00 Ma n u f a c t u r in g Co mmit t e e : Tw e n t y -n in e a u t o mo b il e s a n d o n e t r u c k (Ne t Co s t - $29,479.84). At l a n t ic Br a n c h : Re p a ir o f Pa s s e n g e r El e v a t o r , Br a d l e y Wo r k s , Br o o k l y n , Ne w Yo r k . Ba r o io Sa l e s Div is io n : Re p l a c e me n t o f Cr u s h e d Or e Co n v e y o r Be l t , Ma g n e t Co v e , Ma l v e r n , Ar k a n s a s . Ch ic a g o Br a n c h Pu r c h a s e o f 5 To n To l e d o Sc a l e , Ra y mo n o Pl a n t , Ch ic a g o , Il l in o is . Pu r c h a s e o f 10 To n Br id g e Cr a n e , So u t h e r n Wo r k s , Ch ic a g o , Il l in o is . Cl e v e l a n d Br a n c h : Re p a ir s t o Pip e Pr e s s Hy d r a u l ic Pu mp , Cl e v e l a n d , Oh io . Ge n e r a l Of f i c e Dis b u r s e me n t s o f Bl a c k ma r , Ne w k ir k , Ea g e r , Sw a n s o n &. Mid c l e y in c o n n e c t io n w it h U. S. v s . As s n , o f Ame r ic a n Ba t t e r y Ma n u f a c t u r e r s , e t a l . f r o m Fe b . 9, 1953 t o Ma r c h 24, 1953. Se r v ic e s o f Al e x a n o e r & Gr e e n d u r in g t h e f ir s t q u a r t e r o f 1953 - $38,500.00; Dis b u r s e me n t s $3,I 84.99. Ma g n u s Me t a l Div is io n ; Pu r c h a s e o f Sa n d Ha n d l in g Eq u ip me n t , Cin c in n a t i, Oh io . Re s e a r c h La b o r a t o r ie s : Re p a ir o f Do c k , Sa y v il l e , Lo n g Is l a n d , Ne w Yo r k . Tit a n iu m Al l o y Ma n u f a c t u r in g Div is io n : In s t a l l a t io n o f Air Co n d it io n in g in Re s e a r c h Ph y s ic s La b o r a t o r y , Nia g a r a Fa l l s , Ne w Yo r k . 0000-NLI-000021087 (EXECUTIVE COMMITTEE Ap r il 15, 1953) $ 3,159.00 5,069iOO 3,113.25 2,085.00 8,006.53 182,956.00 Tit a n iu m Div is io n - Ma c In t y r e De v e l o p me n t Pu r c h a s e o f 1953 Bu ic k Fo u r Do o r Se d a n (1950 Bu ic k TO BE TRADED IN FOR $1,675.00). Pu r c h a s e o f Ch o r n Dr il l Bit He a t in c Fu r n a c e . Re p a ir s t o 5^ Fo o t Sy mo n s Co a r s e Bo w l Co n e Cr u s h e r . Re p a ir s t o Sin t e r Pl a n t Pu c Mil l Ex t e n s io n Bu il d in g . Re p a ir s t o No . 5 Eu c l id Tr u c k (Ne t Co s t - $1,4-18.22). Tit a n iu m Div is io n - St . Lo u is Pl a n t ; Pu r c h a s e o f Co t t r e l l Pr e c ip it a t o r f o r No s . 5 & 6 Ca l c in e r s . Th e Co mmit t e e a p p r o v e d t h e p r o p o s a l o f t h e Ma n u f a c t u r in c Co mmit t e e t o s e l l t h e s t a b l e a n d l a n d l o c a t e d a c r o s s Ea s t Th o mp s o n St r e e t f r o m t h e ma in p l a n t o f t h e Ph il a d e l p h ia Br a n c h f o r $4-,750.00 LESS 5% COMMISSION AND \% SALES TAX. Th e Co mmit t e e a p p r o v e d t h e p r o p o s a l o f t h e Ma n u f a c t u r in c Co mmit t e e t o d is p o s e o f t h e Ha r v e y St o r a g e Bin o f t h e Ba r o id Sa l e s Div is io n , w h ic h is t o b e c h a r g e d o f f t o "Ot h e r Lo s s e s " a n d d is p o s e o o f as s c r ap. Th e Co mmit t e e c o n f ir me d t h e p u r c h a s e o f $2,000,000 U. S. Tr e a s u r y Bil l s d u e Ju l y 16 o n a 2.22 b a s is , a n d t h e s a l e o f a l ik e p r in c ip a l a mo u n t o f U. S. Tr e a s u r y Bil l s d u e Ju n e 18 o n a 2.17 b a s is . Th e Co mmit t e e a u t h o r iz e d a p a y me n t o f $15,000.00 a g a in s t THE NOTE EVIDENCING THE LOAN OBTAINED IN CONNECTION WITH THE PURCHASE OF SHARES OF STOCK IN COMPANIA GAS LlQUIDO S. A. Up o n mo t io n , t h e me e t in g t h e n a o j o u r n e d . 0000-NLI-000021088