Document zdkjQD2pKjL46nwNKmYLR79Dz

Mi t e s o f Me e t in g o f EXECUTIVE COMMITTEE | W| | * , 1 MTvfecH* I 6 0 T9'55 a AT PRESENTS Me s s r s ,. M* n o ,, Dr e w e s , Me r s o n , R| , W* , W " ! , AfJD WlLDNER (J. A* MART I! NO, CHAIRMAN; J . B. He NRICH, Se " r e t * r y ) ABSENT; Mts* W.,, V* Bu r l e y "Up o n o t io n , t h e f o l l o w in g * ppl i" * t io n s f o r * ppr o pr i* t io n s w er e |u l y * ppr o v e| ; #$ I I,000.00: Co n t r i3u t io n ; Me 3e r s h ip Du e s f o r t h e y e * r 1955 in t h e N* t io n * l P* in t , V* r n is h * n | I 4-7,478.9 I : L* " q u e r As s o " i* t io n , In " . $$M* n u f * " t u r in g Co it t ee %Six t y -s e v e n * u t o o 3il e s * n| o n e t r u " k (Ne t 53,678.4-1 : Co s t - $90,099.82)* %Tw e n t y -f iv e * u t o o 3il e s (Ne t Co s t ~ $32,834.20). 10,750.00; At l * n t * Br * n " h ; In s t * l l * t io n o f Wh o l e B* t t e r y &De g * s in g Eq u ip e n t , At l * n t * , Ge o r g i* . 16,643.00: 2,250.00: At l * n t i" Br * n " h ; Pu r " h * s e o f Be r y l it e * n | B* l l 'Mil l s * n | L* 3 3 Ro l l e r Mi l l , Pe r t h A 3o y , N. J. (B* l t i o r e Br * n " h ) 0Co n f ir in g p * y e n t o f in v o i" e o f J. J Do h e r t y , At t o r n e y , f o r 1w it h " l * i of s er v i" es St * t e o f r en|er e| M* r y l * n | in " o n n e" t io n f o r * ||it io n * l 3,400.00; Re t * il S* l e ? T* x . In s t * l l * t io n o f Sp r in k l e r 3St o r * g e Ar e * , B* l t i o r e , 2Sy s t e f o r M* r y l * n | . P* in t 87, 1.9-8.00: B* r o i| Div is io n 4Re p l * " e e n t 5f Ho u s t o n Ut il it y Pl * n e , Ho u s t o n , Te x * s . (Ol | Ce s s n * p l * n e t o 3e t r * | e | in f o r * l l o w * n " e o f $10,500.00.) 40,302.00: In s t * l l * t io n o f Be n t o n it e Bu l k H* n | l in g Eq u ip 5e n t , St . Lo u is Le * | & Oi l , St . Lo u is , Mo . 2,568.00: Pu r " h * s e o f 1955 Ch e v r o l e t Mo |e l 4409 l-*l/2 2,514.00: To n Tr u " k , Lo n g Pu r " h * s e o f 1955 7Cit y , Ok l * h o * . Be * " h , C* l if o r n i* . Bu i" k Fo u r Do o r Se | * n , 6Ok l * h o * 3,576.00; Re p * ir s t o Mil l F* n , Te x * r k * n * , Te x * s . 4, 558-.00: Pu r " h * s e o f Tw o 1955 Fo r | Tu | o r Se | * n s ,Gu l f 6,803.00; Co * s t Div is io n t e r r it o r y . 8Re p l * " e e n t o f Tr * " t o r * n | Mo | i f i " * t i o n of Tr * il e r , Ho u s t o n , Te x * s . 72,355*00: Co n s t r u " t io n o f T* il in g s Po n | No . 4 - St * g e On e , M* g n e t Co v e Pl * n t , M* l v e r n , Ar k * n s * s . I.,725.54: E. - W. Bl * t " h f o r | Co . Br * n " h ; Pu r " h * s e o f 1955 Ch e v r o l e t Tu | o r Se | * n , Ne w Yo r k , Ne w Yo r k * (EXECUTIVE COMMITTEE - 'M* " h I6, 1955) Ch i" * g o Br * n " h $ I5>577.60s Pu r " h * s e (R* y o n | * n | In s t * l l * t io n o f 4 Su r f * " e Pl * n t , Ch i" * g o , Il l in o is . Pl * t e s , I 6,380 ,00; 2,158,60; 3*854,40; Pu r " h * s e o f 3 * n | 5 Ro l l e r Mil l * n | St e e l B* l l Mi l l , C* r t e r Pl * n t , Ch i" * g o , Il l in o is . )C i c i k n * t Br * n " h - Me t * l Div is io n ; Pu r " h * s e of "| 955 Do | 'g e " Tw o Do o r Se | * n , C i n " i n n * t i , Oh io . Cl e ve l * n | Br * n " h ; *Pu r " h * s e o f To w o t o r Fo r k Tr u " k , De p e w , Ne w Yo r k . 5 * 76T. 50.: 17,973.25; Do e h l e r -J* r v is Div is io n In s t * l l * t io n o f 28,( C* s t in g R* p i | s , Mu " h IuGi * n . Co n s t r u " t io n ' o f E.T, Ho l | in g M* " h in e , Gr * n | Die , Po t t s t o w n (2) 15,919.25; `Pl * n t , P* . Co n s t r u " t io n o f E.T.Ho l | in g Di e , To l e | o (1) Pl * n t , 17,400.00; Oh io . + +Co n s t r u " t io n o f Re v e r 3 t o Pr o " e s s Al u in u S" r * p , 14,645.00; Po t t s t o w n (2) Pl * n t , P* . Co n s t r u " t io n o f Ex t e n s io n t o Bu il | in g , Po t t s t o w n I 5,470.00; 7,900,00; (2) Pl * n t , P* . Re l o " * t io n o f 21" M* " h in e s t w o 34*' Un it s , Po t t s t o w n ,Re o v * l o f 21lf M* " h in e * n | * n | In s t * l l * t io n (I) Pl * n t , P* . -Re p l * " e e n t w it h of 28* 3,525.00; I 4,424.74: MjApHiNE, B* t * v i* , Ne w Yo r k . In s t * l l * t io n o f 21" Zin " C* s t in g M* " h in e , B* t * v i* M'eJw Yo r k . Co n v e r s io n o f Two 34" Al u min u m C* s t in g M* " h in e s , t o Zin " , Po t t s t o w n (I) Pl * n t , P* . 3,194.00: Pu r " h * s e o f Fo r k Tr u " k , Gr * n | R* p i| s , Mi" h ig * n . 13,318.00; REiP!L ACEME NT OF 4 MOBILIFT FORK TRUCKS, BATAVIA, NjEjW Yo r k . (Ol | t r u " k s t o 3e t r * | e | in f o r 2,892.50: Al l o w * n " e o f $75,00 e * " h .) Re p l * " e me n t o f Mo 3i l i f t Fo r k Tr u " k , B* t * v i* , Ne w YIo r k . (D* m* g e | u n it t o 3e t r * | e | in f o r * l l o w * n " e o f $85,00.) 2,096.00: A p Di i t i o n * l Sp * " e f o r Sh ip p in g De p * r t me n t , To l e | o (j I) Pl * n t , Oh io . Ge n e r * l Of f i" e 500.00; RETAINER FOR PROFESSIONAL SERVICES OF IRVING T. Be r g m* n f r o m J* n u * r y ll954. I, 19 54 t o De " e m3e r 31, 500.00: Re t * in e r f o r p r o f e s s io n * l s e r v i" e s o f Ir v in g T. Be ir g m* n f r o m J* n u * r y ij 9|55. I , 1955 t o De " e m3e r 31, 100,000.00; Co n f ir min g t h e p * y me n t o f 3il l o f t h e C* r o l in * Se " u r it ie s Co r p o r * t io n f o r s e r v i" e s r e n | e r e | in " o n n e" t io n w it h t h e * " q u is it io n t h e So u t h e r ?'! S" r e w Co mp * n y . of st o" k of 00QQ-NLI-000039163 EJ-2782 (EXECUTIVE COMMITTEE - M* ." / 16, 1955) $ 1,951.79; 30,000.00s 7,257.82: 558.08: 2,500.00: fc 27,000.00s $ 50,000.00: 2,500.00: 4,400.00: 4,285.00; 9,992.33: 3,210.41: 1,784.00; 9,302.00; 25,300.00; 3,265.17; 59,039.10: 3,0 50.00 : Ge n e r * l Of f i " e (" o n t in u e | ) Se r v i" e s o f Fis h , Ri" h * r | s o n & Ne * v e f o r t h e MONTH OF uAMUARY, 1955 IN CONNECTION WI T H R" s * ir e C* s e - $575.00; Smit h Su it s TM $1,350.00; Dis 3u r s e me n t s - $16.79. Pr o f e s s io n * l Se r v i" e s r e n | e r e | 3y Mil t o n H* n | l e r , Esq. f r o m J* n u * r y I, 1954 t o De " e m3e r 31, 1954. Se r v i" e s o f Pe ml e , Le s s e r , M* n n , Rie me r & Lux f o r | f r o m De " . I, 1954 t h r o u g h Fe 3 . 28, 1955 - $5,912.50; Re t * in e r , M* r " h I, 1955 t h r o u g h M* y 31, 1955 - $625.00; Re im3u r s * 3l e e x p e n | it u r e s t h r o u g h Fe 3 . 28, 1955 - $720.32. Se r v i" e s o f Se n io r & Se n io r t h r o u g h De " e m3e r 31, 1954 - $142.00; Dis 3u r s e me n t s - $416.08. En g * g e me n t o f To w e r s , Pe r r in , Fo r s t e r & Cr o s 3y , In " . t o p r e p * r e p r e l imin * r y r e p o r t * n * l y z in g EMPLOYEE BENEFIT PLANS OF THE COMPANY Th e .Ho y t Me t * l Co mp * n y o f Gr e * t Br it * ih Limit e | j Ex p * n s io n o f M* n u f * " t u r in g F* " i l i t i e s , Pu t n e y , Lo n | o n , En g l * n | . Mo r r is P. Kir k <S" So n , In " . Re p * ir o f Fu me Tr * il f o r No r t h Bl * s t Fu r n * " e , Lo s An g e l e s , C* l if o r n i* . Pu r " h * s e * n | In s t * l l * t io n o |f Ne w Air Co mp r e s s o r , S* l t L* k e Cit y , Ut * h . M M D ; P K &, T Mg n u s e t l i v i s i o nMBBIi*.winp^r<iwumr ifi i .1 * ....................n-ni.i .. --I--.-- * M 012 , A3 45 , N Y .* " e 3* ew ur " h* se or k of il l in g M* 6789 M:;* <= I>" . R?@A* " ?B?CD o f CE* FG Fo r k HTr u " , CIJKJI* L| , Oh io (Ol | u n it t o 3e t r * | e | in f o r * l l o w * n " e o f $250.00.) Ex p * n s io n o f L* 3o r * t o r y * n | F* " i l i t i e s , Cl e v e l * n | , Oh io . P* " i f i " Co * s t Br * n " h ; Pu r " h * s e o f Mo r e h o u s e B-1400 Mil l * n | L* 3 3 Ro l l e r Mi l l , S* n Fr * n " is " o , C* l if o r n i* . Ph il * | e l p h i* Br * n " h - Pig me n t Di v i s i o n ; Pu r " h * s e o f 1955 Ch e v r o l e t Fo u r Do o r Se | * n , Ph il * | e l p h i* , P* . St ,, Lo u is Br * n " h In " r e * s e | Ex t r u s io n F* " i l i t i e s , D* l l * s , Te x * s . Co n s t r u " t io n o f Pr o p o s e | P* in t W* r e h o u s e , Om* h * , Ne 3r * s k * . In s t * l l * t io n o f Au t o m* t i" B* t t e r y Br e * k e r , Ho y t Pl * n t , Gr * n it e Cit y , Il l in o is . St ,Lo u is Sme l t in g & Re f in in g Di v i s i o n ; Co n s t r u " t io n o f Me " h * n i" * l Sh o p * u | Re * r r * n g e me n t o f W* r e h o u s e F* " il it ie s , Fr e | e r i" k t o w n , Mis s o u r i, So u t h w e s t e r n Br * n " h ; Re p * ir s t o Sy s t e m, D* l l * s Sme l t e r * n | Ox i| e Te x * s , Po w e r Dis t r i3u t io n Pl * n t , D* l l * s , 0000-NLS-000039164 (EXECUTIVE COMMITTEE M* M" N 16, 1955} $ I i ,'045*00: Th e Ch * s .' T* y l o r 's So w s Co mp * n y ; Su p p l * Ap p r o p ., Al * 3* m* B* u x it e Ex p l o r * t io n , Eu f * u l * , Al * 3* m* . 8,046*00: Te x * s Min in g & Sme l t j n g Div is io n ; Pu r " h * s e q f -p'l4!.^:'' 5,QQQ-- Th e Tit * n iu m Al l o y M* n u f * " t u r in g Co . Pt y * Limit e | ] Dr il l in g * n | ^v * ^u * t i o n o f Ru t il e Be * r in g Pr o p e r t ie s * n | Pl * n t o f Min e r * l De p o s it s Sy n | i" * t e , Qu e e n s " l * n | , Au s t r * l i* . Tit * n iu m Al l o y M* n u f * " t u r in g Div is io n $ 21,114.30 I Pu r " ,MA|,s e o f H i GijH Pr e " is io n X-R* y Dif f r * " t io n Un it , Ni* g * r * F* l l s , Ne w Yo r k * 5,772.96: Ov e r e x p .. Pu r " h * s e o f A| | it io n * l L* n | s in Fl o r i| * , J* " k s o n v il l e , Fl o r i | * . 3,295*85: Tit * n i u m Div is io n ; Qv e r e x p *, Co n s t r u " t io n o f P* in t Te s t in g L* 3o r * t o r y , S* y v il l e , Lo n g Is l * n | , Ne w YOiRK:. 2,338.28: Tit * n iu m Div is io n - St . Lo u is Pl * n t ; Cv e r e x p ., De mo l it io n Wo r k * t B* t * v i* W* r e h o u s e * 1.2, 1 58.00: Tit * n iu m Div is io n - S* y r e v il l e Pl * n t ; Re p * ir s I ':QL'iv:M:R r L.'Tfe:!f?-' (FOH -- I ) . Th e Co mmit t e e " * n " e l e | C & R No . 9518 (* p p r o v e | J* n u * r y 19, 1955) in t h e * mo u n t o f $42,100*00, f o r "Ex p l o r * t io m f o r Le * | , Zin " , * n | C o p p e r in Ne w Br u n s w i" k , C* n * | * 51, s u 3mit t e | 3y t h e Min in g De p * r t me n t . Th e Co mmit t e e " * n " e l e | Dis p o s it io n No . 87 (* p p r o v e | Fe 3r u * r y 10, 1954} * u t h o r iz in g t h e s * l e o f We l l Lo g g in g Tr u " k No . ill, SUBMITTED BY THE BAROID DIVISION. Up o n mo t io n | u l y m* | e * n | s e " o n | e | , t h e f o l l o w in g RESOLUTION WAS UNANIMOUSLY ADOPTED : Vi" e Pr e s i| e n t MAKE, EXECUTE, RESOLVED, Th * t t h e Pr e s i| e n t o r * 3e * n | h e h e r e 3y is * u t h o r iz e | t o DELIVER AND ACKNOWLEDGE, AND THE Se " r e t * r y o r As s is t * n t Se " r e t * r y 3e * n | h e h e r e 3y is * u t h o r ize| t o * t t es t u n |er t h e s e* l o f t h is Co mp * n y * n | |* t e| M* r " h * " k n o w l e | g e , t h * t " e r t * in in s t r u me n t 16, I 955, r e l e * s in g m* " h in e r y , e q u ip me n t AMD FIXTURES FROM THE LIEN OF THAT CERTAIN REAL ESTATE MORTGAGE S N THE AMOUNT OF $ f 00,000.00 (* n | * " " o mp * n y in g p r o mis s o r y No t e s ) | * t e | De " e m3e r 0000-N LI-000039165 EJ-2784 (EXECUTIVE COMMITTEE - M* O" P 16, 1955) 22, S953 RUNNING FROM CARLO A ZABADLIJA, MORTGAGOR, t o N* t io n * l Le * | Co mp * n y , mo r t g * g e e . v -,j ," h s * i| h o r t e-ill: 1 i A S ENTERED ' f "HE 9 E C 0 P R E P R 0:-T'CE OF LA'/PLNCE Cli'l'TY Oi D - Ef| F E f` -S . I5 ' / *'D C 0 ' 3 - r F. P i" A ' I1 p _ J L ITCPLT'Y ..I THE 0 C C 0 i'1 L" 1 ( A P IT i i! THEE 0 " 0 U 1 H OF E'-LOCOD ' l i- .!'F N P C i L V rtf i r A'" Ml S/ ip I ' - TL'JMF NT i-'OPF F U L i Y UPCM i 10 T I 0 i * DULY MADE AND SECONDED, THE F 0 L LC11 NG p p F AliE'l.F r: m f : r e ,i 'Vl f . nw e i-t: u 1 - : ; n o u %i ; r 3 o p t e d - . 'HEi^Ep.-Y; .Io iim^t or . Le mo n 9 Co o" 900 3 r r <- r. : ! 3.' t Fj i j W* s h in g t o n 5. \. , C . K.*e i-f"1!. t t o rop t h e j ; c i1 h f f o' , HE;-' s t o o p o f . i t iCrTE i h i r - i! f v c: t g Ep l i.' e C f r : f i. / ve ?!o ' 0 if C re," t iii-t t o iir. < 41 F.IIAFES UK Cf-MiON .`5 F A : !:> TOC" OF THIS Z C`: u !, N'' - \-,H!GH SriiD ' Ui-LERF II C F f T I F T 0 A TE l"'/" F E f I S1 E p E D IN THE ;j i" [ i E" - r p; i'GF.'S r C F c i M AN. D E i. E A * J , TF/iIFFEP 0 P Is t L" S S ! E i ALK, A r-, 'll I ST'. ATI O CK rf.P LiTfU., TO .1C H ST N ii L..:1-!- ii t. Co - t- .,1 ti ! S PEPOFT-D T 0 H A E SEEN LOST. 0 E ST F r y l''i .!'L 'S . SU'T/LLE A F ^ i l1 /- t T Z H f 'J LT B P E : F U " N ! S H E Z T 10 111 ' / CfVETi.'G T.-LT U.1C OP THE A r 0 - - A ! C Cl I ! F>Oi. rr; U'F-FTK;- '"'(TP I -( I ISF-Sf (ur, re i'll >P . '- Eli. IT/ K'EEOLVEJ; Th * t t h e p.iurcr o f " I n e s o k t h i Co -i-* h k K AND I H 7. < HKi'LP' ( FT, /T ii r P ! : I C N ' > l I. F.' C !' E . r [ / E L U T r. * t -o Th e Ch -'ii. r';i ' : r' r- l n p '-f t h e " vv u f i' = ; Yo 01;, TnT.tr PEF Al E-T. OP AND ! T H E P E ` IS A I1 T H O P ' ' C 'j A ( L T I F E C T E TO i " u e : i; rs:l " n * me >. ; t h e f f r.: c .Jonu s t o n . Le f o i- o() A Nf!' STOCK 0 fr. F , F ; C A T FOR ' H ! : T Y c 0 'J P '34 ) FJ H A P E f OF -< i-11 f o i' b T 0 1 K OK Tii i C, C 0'! j AN i " r- P L/ n C OF T ti A i - 11 i ` ' C r- ' 1 r ' c <- r I.- ! <, C 0. ' ? U 2 6, n r i1 : T 3 / 11 p e r s T`.Us T U.-FA'IT. 2t . I ..T'A-31: AND -r HEr-fiv, S AUVCO- r, . r r r n1 o sy--. , ., rF t i- , r, / s -i-i.e o : A SO :a SSOL UT I Q N LIFR" - na 5 MFIISI v ' * ^ n o t p n . !. Me' SbCH 30CZ-U v m;: : ; (EXECUTIVE COMMITTEE - QM* " h 1.6, 1955 WHEREAS, CRSTU" * V W X YCo r k E " * g e B* Z[ (f o r m e r l y Th e Ch e mi" * l B* n k & Tr u s t Co mp * n y ) * s De p o s it * r y * n | Dis t r i3u t in g Ag e n t in " o n n e " t io n w it h t h e * " q u is it io n 3y N* t io n * l Le * | Co mf * n y o f t h e * s s e t s o f Do e h l e r -J* r v is Co r p o r * t io n , n o w h o l | s * 3* l * n " e " e r t if i" * t e f o r 5,329!Q s h * r e s o f t h e Co mmo n St o " k o f N* t io n * l Le * | Co mp * n y | i s t r i 3u t * 3l e t o h o l | e r s o f " e r t if i" * t e s o f Co mmo n St o " k o f Do e h l e r "J* r v i s Co r p o r * t io n , f o r 29=10 o f w h i" h s h * r e s S" r ip Ce r t if i" * t e s - Se r ie s D-J w e r e is s u * 3l e p r io r t o Sii;30 Fe 3r u * r y 2.8, |..95!:| * n | WHEREAS, t h e S" r ip Ce r t if i" * t e s - Se r ie s D-J p r o v i| e t h * t * s s o o n * s p r * " t i" * 3l e * f t e r 3s30 Ps.Fi* Fe 3 r u * r y 28J 1955 THERE s h * l l 3e s o l | f o r " * s k f o r t h e * " " o u n t o f h o l | e r s o f S" r ip Ce r t if i" * t e s - Se r ie s D-J t h e n o u t s t * n | in g , IN SUCH MANNER AND ON SUCH TERMS AS THE BOARD o f Dir e " t o r s o f N* t io n * l Le * | Co mp * n y s h * l l | e t e r min e , t h e s h * r e s o f Co mmo n St o " k o f t h e Co mp * n y r e p r e s e n t e | 3y o u t s t * n |in g S" r ip Ce r t if i" * t e s ; It is RESOLVED (1) Th * t Th e Ch * s e N* t io n * l B* n k o f t h e Cit y o f Ne w Yo r k , * s . S" r ip Ag e n t , 3e * n | it h e r e 3y is | ir e " t e | TO SELL FOR THE ACCOUNT OF THE HOLDERS OF SCRIP CERTIFI CATES - Se r ie s D-J o u t s t * n | in g * f t e r 3:30 P.M. Fe 3r u * r y 28, 1955, t h e s * i| 265 f u l l s h * r e s o f Co mmo n St o " k o f N* t io n * l Le * | Co mp * n y h e l | 3y i t r e p r e s e n t e | 3y s u " h S" r ip Ce r t if i" * t e s * n | t o h o l | t h e n e t p r o " e e | s of su" h s* l e f or THE ACCOUNT OF THE HOLDERS OF SUCH SCRIP CERTIFICATES AND s u 3j e " t t o t h e t e r ms o f s u " h S" r ip Ce r t if i" * t e s ! (2) Th * t Ch e mi" * l Co r n Ex " h * n g e B* n k , * s De p o s it * r y , 3e .* n | it h e r e 3y is | ir e " t e | t o sel l or " * use t o 3e s o l | f o r t h e * " " o u n t o f t h o s e h o l | e r s o f Ce r t if i" * t e s o f Co mmo n St o " k o f Do e h l e r -J* r v is Co r p o r * t io n t o w h o m S" r ip Ce r t if i" * t e s - Se r ie s D-J w e r e is s u * 3l e p r io r t o 3:30 P.M, Fe 3r u * r y 28., 1955 t h e s * i| 29 f u l l s h * r e s o f Co mmo n St o " k o f N* t io n * l Le * | Co mp * n y h e l | * s De p o s it * r y f o r w h i" h S" r ip Ce r t if i" * t e s ;- Se r ie s D-J w e r e s o is s u * 3l e * n | t o HOLD THE NET PROCEEDS OF SUCH SALE FOR THE ACCOUNT OF THOSE PERSONS TO WHOM SCRIP CERTIFICATES - SERIES D-J WERE SO ISSUABLE AND SUBJECT TO THE TERMS OF SUCH SCRIP CERTIFI CATES! (3) Th * t * l l o f t h e f o r e g o in g s * l e s 3e m* | e AT THE MARKET ON THE W E W YORK STOCK EXCHANGE AS SOON AS MAY BE PRACTICABLE AFTER THE OPENING: OF THE STOCK EXCHANGE 0 n M* r " h 2 1, 1955; * n | 0000-NLI-000039167 EJ-278& (EXECUTIVE COMMITTEE - M* \" ] 16* 1955) (4-) Th * t i f ., u p o n p r e s e n t * t io n o f t h e LAST OUTSTANDING SCRIP CERTIFICATF. - SERIES D J OR THE LAST OUTSTANDING CERTIFICATE FOR DOEHLER-'JARV ! S CORPO RATION Co mmo n St o " k e n t it l e | p r io r t o 3.30 PM* Fe 3r u * r y 28* 1955 t o 3e e x " h * n g e | f o r * S" r ip Ce r t if i" * t e - Se r ie s 0J * t h e r e 3e in s u f f i" ie n t " * s h f r o m s u " h s * l e s REMAINING TO MAKE A PRO RATA CASH DISTRIBUTION IN AC CORDANCE WITH THE TERMS OF THE SAID SCRIP CERTIFICATES* t h e n Th e Ch * s e N* t io n * l B* n k o f t h e Cit y o f Ne w Yo r k * n | Ch e mi" * l Co r n Ex " h * n g e B* n k * r e * u t h o r iz e | * n | |ir e" t e| t o m* k e u p s u " h | e f i" ie n " y 3y * | v * n " in g " * sh IN AN AMOUNT NOT IN EXCESS OF THE AVERAGE NET SALES PRICE OF ONE FULL SHARE OF NATIONAL LEAD COMPANY COMMON St o " k s o l | * s * 3o v e * n | t h * t N* t io n * l Le * | Co mp * n y r e im 3u r s e s * i| B* n k s f o r t h e * mo u n t o f * n y s u " h * | v * n " e . UPQN MOTION DULY MADE AND SECONDED* THE FOLLOW ING RESOLUTIONS WERE UNANIMOUSLY ADOPTED % RESOLVED* Th * t t h is " o r p o r * t io n e s t * 3l is h AND MAINTAIN AN ACCOUNT WITH EMPIRE TRUST COMPANY* BOROUGH o f M* n h * t t * n * t h e Cit y o f Ne w Yo r k * h e r e 3y | e s ig n * t e | * DEPOSITARY OF THIS CORPORATION? THAT MONEYS* FUNDS* CHECKS* DRAFTS* ACCEPTANCES* NOTES* AND ANY OTHER ITEMS OF THE CORPORATION MAY BE DEPOSITED IN SAID ACCOUNT FOR COLLECTION * n | /o r DEPOSIT? THAT THE SAME MAY BE WITHDRAWN FROM TIME TO TIME UPON CHECKS* DRAFTS* ACCEPTANCES* NOTES* OR ANY OTHER ORDERS OR INSTRUMENTS FOR THE PAYMENT OR WITHDRAWAL OF MONEY* rUNDS OR CREDITS FROM SAID ACCOUNT SIGNED IN THE NAME OF THE CORPORATION IN THE FOLLOWING MANNERS BY ANY TWO OF THE FOLLOWINGS J. A. MART I NO* J. H. Re ID * J . J. MORSMAN * J R., C. Y Pf o u t z , M, B. Tip t o n * J, St r * n * | , A. H. Ho f f m* n , H. W. En g l is h * R,, W. J* h n ? o f t h is " o r p o r * t io n * f r o m t ime TO TIME QUALIFIED AND ACTING? THAT EMPIRE TRUST COMPANY BE AND HEREBY IS AUTHORIZED TO PAY, ACCEPT* AND HONOR* AND SHALL BE FULLY PROTECTED IN SO DOING* ALL CHECKS* DRAFTS* ACCEPTANCES* NOTES, AND ANY OTHER ORDERS OR INSTRUMENTS FOR THE PAYMENT OR WITHDRAWAL OF MONEY* FUNDS OR CREDITS FROM THE SAID ACCOUNT, WHEN SO SIGNED, INCLUDING THOSE DRAWN TO THE INDIVIDUAL ORDER OR FOR THE USE IN A PERSONAL TRANSACTION OF ANY OFFICER SIGNING SAME, WITHOUT FURTHER INQUIRY AS TO THE AUTHORITY OF SAID OFFICERS OR AS TO THE USE OF SUCH CHECKS* DRAFTS* ACCEPTANCES* NOTES OR ANY SUCH OTHER ORDERS OR INSTRUMENTS, 0 R THE DISPOSITION OF THE PRO CEEDS THEREOF? AND THAT ITEMS MAY BE ENDORSED FOR COLLECTION 0000-N LI-000039168 (EXECUTIVE COMMITTEE - ^M* " h 16, 1955) * n | /o r | e p o s it , f o r t h e * " " o u n t o f t h is " o r p o r * t io n 3y * STAMPED IMPRESS I ON, OR OTHERWISE IN ACCORDANCE WITH CUS TOMARY BANKING PRACTICE, AND THAT EACH OF THE FOREGOING OFFICERS BE AMD HEREBY IS AUTHORIZED TO GIVE INSTRUCTIONS IN RESPECT OF THE RENDERING OF STATEMENTS OF THE ACCOUNT AND DELIVERING CANCELED VOUCHERS AND TO ACKNOWLEDGE THE CORRECTNESS OF THE SAID STATEMENTS ON BEHALF OF THIS c or p o r * t io n ; AND FURTHER RESOLVED, Th * t t h e s e " r e t * r y , * n | /o r EACH ASSISTANT SECRETARY OF THIS CORPORATION, FROM TIME TO TIME QUALIFIED AND ACTING, BE, AND EACH OF SAID OFFICERS HEREBY IS, AUTHORIZED AND EMPOWERED TO FURNISH TO Emp ir e Tr u s t Co mp * n y * t r u e " o p y o f t h e s e r e s o l u t io n s u n | e r THE SEAL OF THIS CORPORATION AND TO CERTIFY TO EMPIRE TRUST Co mp * n y t h * t s * i| r e s o l u t io n s * r e n o t in " o n f l i" t w it h EITHER THE CERTIFICATE OF INCORPORATION OR THE BY-LAWS OF THIS CORPORATION OR OF ANY AMENDMENTS THERETO:, AND FURTHER TO CERTIFY THE NAMES AND GENUINE SIGNATURES OF THE OFFICERS OF THIS CORPORATION, NOW AND FROM TIME TO TIME HEREAFTER QUALIFIED, ACTING SNI> HAVING AUTHORITY PURSUANT TO THESE RESOLUTIONS, ANO THAT EMPIRE TRUST COMPANY BE AND IT HEREBY IS AUTHORIZED AND EMPOWERED TO ACT AND RELY UPON THESE RESO LUTIONS AND THE INFORMATION EMBODIED IN ANY AND ALL CERTIFI CATES GIVEN TO IT PURSUANT HERETO UNTIL THE RECEIPT 8Y EMPIRE Tr u s t Co mp * n y o f w r it t e n n o t i" e , g iv e n 3y t h e s e " r e t * r y o r ANY ASSISTANT SECRETARY, UNDER THE SEAL OF THE CORPORATION OF ANY REPEAL, OR MODIFICATION OF SUCH RESOLUTIONS, OR OF ANY CHANGE IN THE FACTS CONTAINED IN SUCH CERTIFICATE. AND FURTHER RESOLVED, Th * t * n y * n | * l l p r io r RESOLUTIONS IN RESPECT OF THE SAID ACCOUNT BE AND THE SAME HEREBY ARE RESCINDED AND ANNULLED. Up o n , mo t io n , t h e me e t in g t h e n * | j o u r n e | . Q000-N.U-000039169