Document zbbE514rDX6xk5Mk0MwZrY760

Minutes of Meeting of EXECTOIYE COMMITTEE held __________________ Thursday. Anrll 14, 1949 at 2M5a>glftc.k.P,,_H.------------------------ FEESXHT: Messrs. Martino, Burley, Merson, Simon, Varshov, and Vildner (J. A. Martino, Chairman; J. B. Henrich. Secretary) PRESEHT BY DJVITATIOH: Mr. D. V. Eohertson (for part of meeting) ABSEHT: Mr. C. F. Garesche The minutes of the meeting of April 6, 1949 vere duly approved. Upon motion the following applications for appropriations vere duly approved: $ 6,163.00: 13,000.00: 34.37^.53 * 10,642.44: 1,584.00: 1.596.05: 2,685.27: , . :6 655 00 3.715.00: 4,510.00: Contributions: Subscription to Lead Industries Association for period from April 1 to June 30, 1949, including Safety and Hygiene-$4,562.00; Bed Lead Divisional, 601.00. Hational Paint, Tarnish & Lacquer Association - member ship dues for the year 1949* Manufacturing Committee: 8 automobiles ($7,314.13 Het). General Office: Alexander & Green, Fee for services ren dered for first quarter of 1949. $10,500.00 - Disburse ments, $142.44. SJr, Lqajg Byfli 1949 Chevrolet 2-door Sedan. 1949 Chevrolet 2-door Sedan. Texas Mining & Smelting Dlv.; Power Line from Power House to other Plant Buildings, Los Tejocotes, Oaxaca. Titanium Division - St,. Louis Plant; Replacement of Hastelloy "B" Bottom Anhydrite Tank Agitator Blade. Titanium Division - Sagreville Plant Repairs to Hos. 1, 2, and 3 Cells of Phillips Water Cooling Tower, Contact Acid Plant. Replacement of Wood Covers on 10 Digestion Tanks, Digestion Section. Acting upon the recommendation set forth in the letter dated April 13. 1949, from E. R. Rowley, Production Manager, to J. A. Martino, President, the Committee approved an appropriation of $21,000. to cover the estimated cost of making alterations to equipment that will be necessitated by the pros pective conversion from direct current to alternating current of the office building at 111 Broadway, Hew Tork, Hew York, said equipment alterations to be carried out under the supervision of the Engineering Department in conjunction with the Comptroller1s office. 0000-NLI-000021049 (EXECUTIVE COMMITTEE - April 14, 1949) In accordance with the letter dated April 8, 1949* fron J. W. Gardiner, Jr., President of John T. Lewi* A Bros. Company, to J. A. Martino, President, referring to the discontinuance of White Lead manufacture in Philadelphia, the Committee authorised said John T. Levis A Bros. Company to charge such expenses as would ordinarily he charged against the White Lead Department to Mon-Operating Expense, effective April 1, 1949. Upon separate motions duly made and seconded, the following resolutions were each unanimously adopted: RESOLVED, That the officers of the Company he and they hereby are authorized and empowered to make loans to Mrs. Ann West Shaw Harrow in the amount of $500. per month for the period beginning with the month of April, 1949 and continuing until and Including the month of March, 1956, said loans to hear simple interest at the rate of 4$G per annum, and the repayment of said loans and of interest thereon to he secured by an assignment to the Company by Mrs.Harrow in form satisfactory to counsel, of an equivalent portion of that certain sum of $150,000. payable by the Company pursuant to Article 4 of that certain agreement between this Company and Mrs. Harrow dated March 18, 1929. 1URIBER RESOLVED, That from and after the date of April 1, 1949, the interest rate on all loans heretofore made by the Company to Mrs. Ann West -Shaw Harrow be reduced from Sf> per annum to 4$6 per annum. WHEREAS, George D. Roberts and Mrs. Marion X. Roberts, of 201 Westford Circle, Springfield, Massachusetts, have applied for the issue of a new stock certificate in their names to re place Certificates Hos. 076088 and 092297 for twenty-eight (28) shares and one (l) share respectively of Common $10. Par Stock of this Company, which said numbered certificates are registered in the names of said George D. Roberts and Mrs. Marion X. Roberts as joint tenants with right of survivorship and not as tenants in common, and are claimed by them to have been lost, destroyed, or stolen; and WHEREAS, the said George D. Roberts and Mrs. Marion X. Roberts have also applied for the issue of a bearer scrip certi ficate for 40/l00ths of a share of Common $10. Par Stock of this Company to replace bearer scrip certificate Ho. S6154, which is likewise claimed to have been lost, destroyed, or stolen; and 0000-NLI-000021050 EH-222I (EXECUTIVE COMMITTEE - April Ik, 1949) WHEREAS, oaidL George D. Roberts and Mrs. Marion X. Roberts, hare furnished this Company vith an affidavit cover ing the loss of the aforesaid stock certificates and scrip certificate, and vith a satisfactory bond of indemnity, he it RESOLVED, that the proper officers of this Company he and they hereby are authorized and directed to execute, and The Chase Rational Bank of the City of Rev York, Transfer Agent, he and it hereby is authorised and directedto issue in the names of the aforesaid George D. Roberts and Mrs. Marlon L Roberts as Joint tenants vith right of survivorship and not as tenants in common, a nev stock certificate for tventy-nine (29) shares of Common $10* Far Stock of this Company in place of the aforesaid Certificates Hos. 0?6088 and 092297 and that Bankers Trust Com pany, Reigstrar, be and it hereby is authorized and directed to register the nev certificate so Issued. FURTh Ek RESOLVED, that The Chase Rational Bank of the City of Rev York, Scrip Agent, be and it hereby is authorized di rected to issue to said George D. Roberts and Mrs. Marlon X. Roberts a nev bearer scrip certificate for 4o/l00ths of a share of Common $10. Far Stock of this Company in place of the aforesaid scrip certificate Ro. S6l$k, Upon motion the meeting then adjourned. 0000-NLI-000021051