Document zzYqw7KB4pXKxjgVq5M029vOz

FRICTION I~TERIALS STANDARDS INSTITUTE, INC, 370 LEXINGTON AVENUE, NEW YORK, N, Y. ANNUAL. WEETING OF' THE FRICTION MATERIALS STANDARDS INSTITUTE, INC. We:DN~SDAY, JuNe: 21sT 1950 AT 10:30 A,M, AT THE HoTe:L CoMMODORE, NEw YoRK, N. Y, THe: PRESIDENT CALLED THE MEETING TO ORDER AT 10:30 A,M, AND ACTED AS CHAIRMANe THE SECRETARY ANNOUNCED THAT THERE WERE SIX MEMBERS PRESENT IN PERSON AND THREE REPRESENTED BY PROXY AS FOLLOWS: M&:M2~ GR~~""~Cv M.ANUF'ACTURI NG CoMPANY MARSHALL-ECLIPSE D1 VIS ION MOLDED MATERIALS DIVISION RAYBESTos-MANHATTAN, INc. RussELL MANUF'ACTURING CoMPANY ScANDINAVIA BELTING CoMPANY SoUTHERN FRICTION MATERIALS CoMPANY We:LLMAN COMPANY, THe: S.K. WoRLD BEsTos CoRpORATION ,B~~ENfAT IVE VtNCENT A. SPINA (PROXY) ALBERT J. RoEME-R GEoRGE E, RITTER FRANK A. Ml LLER AMoR p. SMITH VINCENT A. SPINA AMOR P. SMITH (PROXY) HARRIET G. DuscHEK (PRoxv) DoNALD H. SPICER OTHERS PRESENT RussELL MANUF'ACTURtNG CoMPANY FRICTION r~TERIALS STDSo INsT. McLAUGHLIN, STICKLEs & HAYDEN INc. s.LEo SuLLIVAN HARRIET G. DuscHEK, SECRETARY LESTER D. STICKLES, CouNsEL MINUTES OF PREVIOUS MEETING THE CHA,RMAN ANNOUNCED THAT A READING OF' THE MINUTES OF' THE PREVIOUS MEETING HELD JUNE 23RD 1949 WOULD BE F'OR INF'ORMATION ONLY SINCE THEY HAD BEEN DISTRIBUTED TO THE MEMBERSHIP AND THAT ALL DECISIONS REACHED HAD BEEN F'ULLY ENACTED, UPON MOTION DULY MADE, SECONDED AND UNANIMOUSLY PASSED, IT WAS RESOLVED: THAT THE MINUTES OF' THE F'IRST ANNUAL MEETING OF' THE INSTITUTE HELD ON JuNE 23RO 1949 BE ACCEPTED AS DISTRIBUTED, FMSI 00534 MINUTES OF" ANNUAL. 1v':C:ETING -4- JuNe: 21, 1950 SECTION 2, ANNUAL. FEES (A) ACTIVE tlt::MBERSo THe: ANNUAL. F"EES OF" ACTIVE MEMBERS SHAL.L BE BASED UPON A F"ORMULA DEVELOPED BY THE dOARD OF" DIRECTORS ANNUALLY AND REVIEWED AND APPROVED BY THE MEMBERSHIP, (6) Re:GIONAL Me:MBERSe THE ANNUAL. FEES OF" REGIONAL MEMBERS SHALL BE ~1 1 500,00, (C) AssOCIATES, THE ANNUAL. FEES OF" ASSOCIATES SHALL. BE l2,50Q,00 PAYABLE QUARTERl-Y IN ADVANCE ON THE F"I~ST DAVS OF" JuL.Y 1 0CTOBER 1 JANUARY AND ApRILo THERE SHALL BE NO PRORATIONING OF" SUCH ANNUAL. FEES OF" AN ASSOCIATE ANO AN ASSOCIATE WHO IS ADMITTED DURING THE FISCAl. YEAR SHAL.L BE OBI.IGATEO TO PAY THE F"UI.I. AMOUNT OF" THE ANNUAL. FEES FOR THE THEN CURRENT FISCAL. YEAR WtTH REGARD TO SECTION 3 1 THE CHAIRMAN ADVISED THAT A SI.IGHT CHANGE WAS MADE AFTER RELEASE IN THE NOTICE OF" MEETING, THE WORDS 11 AND PROVIDING THAT tT MEETS WITH THE REQUIREMENTS OF" 'ARTICI.E VIII SECTION 2 HEREOF" 11 WERE ADDED, SINCE ARTICLE VIII '-I MITS THE INCREASE TO 101 OF" THE BUDGET APPROVED AT THE LAST ANNUAL. MEETING, ii.F"TER DISCUSSION, UPON MOTION DULY MADE AND SECONDED 1 IT WAS RESOLVED: THAT ARTICLE IX SECTION 3 BE REVOKED AND THE FOLLOWING BE SUBSTITUTED: Se:cTION 3, ADDITIONAL. AssESSMENTS, THe: BOARD OF" DIRECTORS SHALL HAVE THE POWER FROM TIME TO TIME TO LEVY AGAINST THE ACTIVE MEMBERS OF" THE INSTITU~E &WeH AOOITION~L. ASSESSMENTS AS THE BOARD IN ITS SOL.E DISCRETION DEEMS DESIRABLE IN ACCORDANCE WITH THE FINANCIAL. REQUIREMENTS OF" THE INSTITUTE 1 PROVIDD 1 HOWEVER 1 THAT A SCHEDULE OF" ANY SUCH ADDITIONAL. ASSESSMENTS SHALL BE MAILED TO EVERY ACTIVE MEMBER OF" THE INSTITUTE WITHIN THIRTY (30) DAVS AFTER THE ADOPTION OF A RESOLUTION AUTHO~Z ING SUCH ASSESSMENTS AND PROVIDING THAT IT MEETS WITH THE REQUIREMENTS OF ARTICI.E VI II SECTION 2 HEREOF", ARTICI.E IV- SECTION 2 THE SECRETARY READ THE PROPOSED SECTION AND EXPLAINED THAT EACH CLASS OF" DIRECTOR WAS CLARIFIED TO INDICATE REPRESENTATION OF" AN ACTIVE tiEMBER RATHER THAN A 11 MEMBERn AND THAT THE REFERENCE TO SALES REPORTS WAS OMITTED, AFTER DISCUSSION, UPON MOTION DULY I~DE 1 SECONDED AND UNANIMOUSI.V PASSED 1 IT WAS RESOLVED: THAT ARTICL.E IV SECTION 2 oF' tHI!: Co1'4sl'l1'w1'tON 2e: AMENOED TO READ AS F"OLLOWS: FMSI 00537 l"1 NUTES OF ANNUAl. Me:e:T! NG -5- JuNE21, 1950 SECTION 2, CLASSES, IT IS THE EXPRESSED POLICY Or THE INSTITUTE THAT THE BOARD OF" DIRECTORS SHALL 1 AT ALL TIMES, BE REPRESENTATIVE OF" A CROSS SECTION OF" THE INDUSTRY AND TO THAT END THREE CLASSES OF" DIRECTORS SHALL BE CREATED AS FOLLOWS: CLASS I, CoNSISTING OF" TWO DIRECTORS, EACH ASSOCIATED WITH AN ACTIVE MEMBER WHOSE ANNUAL F"EE PAYABLE TO THE INSTITUTE IS WITHIN THE TOP ONE-THIRD BRACKET OF" ANNUAL FEES PAIDe CLASS 2, CoNSISTING OF" TWO DIRECTORS, EACH ASSOCIATED WITH AN ACTIVE MEMBER WHOSE ANNUAL FEE ~AYASLE TO THE INSTITUTE IS WITHIN THE MIDDLE ONE-THIRD BRACKET OF" ANNUAL FEES PAlOs CLASS 3, CoNSISTING OF" TWO DIRECTORS, EACH ASSOCIATED WITH AN ACTIVE MEMBER WHOSE ANNUAL F"EE PAYABLE TO THE INSTITUTE IS WITHIN THE LOWEST ONE-THIRD BRACKET OF" ANNUAL FEES PAIOe THE SEVENTH DIRECTOR SHAl.L BE SELECTED FROM THE INDUSTRY AT LARGE AND WITHOUT LIMITATION, ARTICLE VI I -SECTION 5 iT WAS EXPLAINED THAT THIS SECTION WAS CHANGED TO ELIMINATE THE REFERENCE TO DCLLAR VOLUME AS QUALIFYING MAJORITY VOTE, UPON MOTION MADE, SECONDED AND UNANIMOUSLY PASSED, IT WAS RESOLVED: THAT ARTICLE VII SECTION 5 et! AME:~DEIJ To READ AS ,.oLLO\Os: SEcTION 5, VoTE REQUIRED UNLEss OTHERWISE STIPULATED IN THE 8v-LAWS 1 AT ALL MEETINGS OF" THE INSTITUTE A MAJORITY VOTE OF THOSE PRESENT SHALL RULEe IN CONNECTION WITH ANY ACTION TAKEN BY MAIL SALLOT 1 A MAJORITY VOTE OF" ALL VOTING MEMBERS OF" THE INSTITUTE SHALL RULE, ARTICLE XI - IECTION I CouNSEL EXPLAINED THAT THIS SECTION WAS AMENDED TO ELIMINATE THE REFERENCE TO DOLLAR VOLUMEe UPoN MOTION DULY MADE 1 SECONDED AND UNANIMOUSLY PASSED 1 IT WAS RESOLVED: THAT ARTICLE XI -SECTION I BE AMENDED TO READ AS FOLLOWS: SEcTION I, VoTE REQUIRED, THE CoNSTITUTION AND BY-LAWS MAY BE AMENDED AT ANY REGULAR OR SPECIAL MEETING OF" THE MEMBERS OF" THE INSTITUTE ONLY (A) BY VOTE OF" TWO-THIRDS OF" THE AcTIVE MEMBERS OR (8) BY THE WRITTEN ASSENT OF" NOT LESS THAN TWO-THIRDS OF" ALL THE AcTIVE MEMBERS PROVIDING ALL AcTIVE MEMBERS HAVE PREVIOUSLY HAD WRtTTEN NOTICE OF" THE PROPOSED AMENDMENT, FMSI 00538 MINUTES 0~ ANNUAL MEETING -6- JUNE 21, 1950 RETENTION OF COUNSEl THE CHAIRMAN AOVISEO THAT ACCORDING TO ARTICLE VI OF THE BY-LAWS, AT EACH ANNUAL MEETING 0~ THE MEMBERS Or THE INSTITUTE, LEGAL COUNSEL SHALL BE RETAINED ~OR THE ENSUING YEARe UPON MOTION MAOE 1 SECONDED AND PASSED, IT WAS UNANIMOUSLY RESOLVED: THAT MR. LESTER D. STICKLES o~ Mc~AUGHLIN, STtC~ES AND HAYDEN BE RETAINED AB COUNSEL ~OR THE INSTITUTE AT AN ANNUAL FEE OF $2,500.00 PLUS REIMBURSEMENT ~OR DISBURSE- MENTS PROPOSED FEE FORMULA THE CHAIRMAN ADVISED THAT THE BOARD WOULD RECOMMEND TO THE MEMBERSHIP A PROPORTIONATE FEE BASIS TO BE PAlO BY THE MEMBERS AFTER CONSIDERING THE REPORT OF A CARE~UL STUDY OF THE PROBLEM MADE BY A COMMITTEE APPOINTED THERETO. THE ~EES WOULD COVER FOUR CLASBI~ICATIONS. ONE MEMBER SUGGESTED A STRAIGHT ~LAT ~EE FOR ALL ACTIVE MEMBERS. IT WAS FURTHER EXPRESSED THAT THE CUES OF THE ACTIVE MEMBERS SHOULD BE REDUCED ESPECIALLY THOSE IN THE UPPER BRACKETS WHOSE FEES SHOULD BE LESS THAN THAT OF AN ASSOCIATE. ANCTHER MEMBER ~ELT THAT ANY ONE PROTESTING HIS RATING COULD APPEAR BE~ORE THE BOARD AND PRESENT THE NECESSARY FACTS TO CORRECT THE SITUATION. IT WAS ALSO BROUGHT OUT IN THE DISCUSSION THAT MOST ASSOCIATIONS HAVE A STRAIGHT FEE BASIS BUT WHERE THIS METHOD IS NOT USED, OTHER BASES USED ARE: I. CoNSIDERATION OF THE NUMBER OF EMPLOYEES OF A MEMBER COMPANY; OR 2. THE UNITS 0~ PRODUCTION SHIPPED; OR 3. DOLLAR VOLUME OF SALESe THE COMMITTEE ~ELT THAT ~OUR CLASSI~ICATIONS WOULD BE BEST ARRIVED AT BY A ~ORMULA FIXED BY THE BOARD OF DIRECTORS AND APPROVED BY THE MEMBERSHIPo NEW MEMBERSHIP ClASSIFICATION THE MEETING WAS ADVISED THAT IN ORDER TO CONTROL THE USE Or THE F.M.S. NUMBERS AND THEREBY HELP ENFORCE THE INSTITUTE COPYRIGHT, WHICH IS APPARENTLY BEING VIOLATED, THE ~OLLOWING DEFINITION WAS PRESENTED FOR CONSIDERATION: 11 AN A~~IL1ATE IS A MANU~ACTURER IN THE AUTOMOTIVE F'IELD WHO BUYS AND DISTRIBUTES UNDER HIS OWN TRADE OR BRAND NAME BRAKE LININGS OR CLUTCH FACINGS PURCHASED F'ROM MEMBERS OF THE INSTITUTE BY F.f1i.S. NUMBERe AN AFFILIATE SHALL NOT VOTE NOR PARTICIPATE IN ANY 0~ THE ACTIVITIES OF' THE INSTITUTE SUCH AS AcTIVE MEMBERS OR REGIONAL MEMBERS BUT SHALL HAVE THE RIGHT OF USE OF' THE F.I1.S. NUMBERSe 11 A SMALL ANNUAL FEE WOULD BE CHARGED TO SUCH MEMBERS F'OR PERMISSION TO USE THE NUMBERS.; FMSI 00539 MINUTES Or ANNUA~ MEETING -7- JUNE 21 t 1950 ONE Or THE lv'1\113ERS rELT THAT THE WORD 11 MANUrACTURER 11 SHOULD BE CHANGED TO 11 MERCHANDISER 11 SINCE THOSE NOW USING THE NUMBERS WITHOUT PERMISSION ARE NOT MANU~ACTURERS BUT PURCHASERS Or UNBRANDED AND UNDRI~~ED PRODUCTS, WHICH THEY DRI~~ AND THEN ADVERTISE AND SE~~ UNDER THEIR OWN NAMESe SINCE THESE COMPANIES ARE NOT MANUrACTURERS AND THERErORE NOT E~IGISLE rOR MEMBERSHIP, THEY COULD BE C~ASSED AS LICENSEES, ONLY THOSE COMPANIES SO LICENSED COULD USE THE NUMBERS AND ANY ONE ELSE USING THEM COU~D BE PRESSED rOR VIOLATION Or THE INSTITUTE 1 e COPVRIGHTe IT WAS BROUGHT OUT THAT THE AFFILIATES WOULD BE CONSTANTLY CONTACTING THE INSTITUTE 0rFICE rOR INFORMATION AND THAT THE rEE CH~RGED MIGHT NOT BE COMMENSURATE WITH THE SERVICES RENDERED NOR ADEQUATELY SUPPORT A POSSIBLE INCREASE IN THE STAFFo ANOTHER THOUGHT WAS THAT MEMBERS 1 ACCOUNTS ARE PERMITTED TO USE THE NUMBERS AND lr THEY WERE REQUIRED TO PAY FOR THIS PERMISSION, THEY WOULD EXPECT THE MEMBER TO REIM- BURSE THEMe AFTER A LEN~THY DISCUSSION, IT WAS SUGGESTED THAT THOSE PRESENT PREPARE A LIST OF THE COMPANIES AFFECTED IN ORDER TO DETERMINE HOW MANY ARE INVOLVED AND RECOMMEND TO THE NEW BOARD CONSIDERATtON OF THE MATTER. RECESS rOR LUNCHEON BUDGET - FISCAL YEAR COMAENCING JULY I, 1950 AN ANNUAL BUDGET OF $17,500 OR $4,375 QUARTERLY WAS PRESENTED TO THE MEETING FOR CONSIDERATION. THE VARIOUS ITEMS OF EXPENSE WERE CARErULLY GONE OVER AND ArTER DISCUSSION, UPON MOTION DULY MADE 1 SECONDED AND UNANIMOUSLY PASSED 1 IT WAS RESOLVED: THAT THE BUDGET FOR THE rtRST QUARTER or THE FISCAL YEAR STARTING JULY 11 1950 BE ADOPTED (SEE EXHIBIT 11 A11 ATTACHED HERETO) IN DISCUSSING TELEPHONE AND TELEGRAPH EXPENSE 1 THE MEMBERS AGREED THAT THE COST Or TRANSMITTING INrOR~TION TO MEMBERS SY TELEPHONE (LONG DISTANCE) OR BY WIRE SHOULD BE REVERSED TO THE MEMBER AND NOT BORNE BY THE INSTITUTE, RESOLUTIONS REACTIONS OF BOARD OF DIRECTORS THE Se:CRETAAY READ THE FOLLOWING RESOLUTIONS PASSED AT MEETINGS OF THE BOARD Or DIRECTORS DURING THE PAST YEAR IN ORDER THAT THE MEMBERSHIP IS APPRISED OF THE DELIBE~TIONS OF THE BOARD AND TO RATIFY THEIR DECISIONS: RESOLVED: THAT THE QUARTERLY BUDGET rROM OcTOBER leT TO DEcEMBER 31ST 1949 IS HEREBY APPROVED AND THE TREASURER IS AUTHORIZED TO SEND STATEMENTS ASSESSING THE MEMBERSHIP TO MAKE UP THE AMOUNT REQUIRED THEREIN AND SAID ASSESSMENT TO BE BASED UPON THE SAME rORMULA AS THE ASSESSMENT WAS MADE ~OR THE riRST QUARTER; AND RESOLVED: THAT COUNSEL BE, AND HE HEREBY 18 DtRECTED TO TAKE SUCH STEPS AS HE DEEMS NECESSARY IN ORDER TO LtQUIDATE ALL ACCOUNTS RECEIVABLE; AND FMSI 00540 MINUTES OF ANNUAL MEETING -8- JuNE 21 1 1950 RESOLVED: THAT THE QUESTION OF THE EXTRA CHARGES MADE eY CAREY PRESS FOR THE PRINTING OF THE DATA BooK, 1949 ISSU 1 BE LEFT TO THE DATA BooK CoMMITTEE WITH POWER TO CO,..,.ROMI SE THE SAME IN THE BEST INTERESTS OF THE MEMBERSHIP; AND RESOLVED: THAT NO CONTRIBUTIONS OF MONEY BE MADE BY THE INSTITUTE TO ANY OUTSIDE AGENCIES; AND RESOLVED: THAT THE CoNsTITUTION AND Bv-LAws OF THE INSTITUTE BE AND THEY HEREBY ARE AMENDED AS FOLLOWS: ARTICLE II I. ARTICLE IX. ARTICLE X. MEt.'BERSH IP FEEs AND Aaee:ssMENTs DISCIPLINE OF +IEt.'BERB; AND RESOLVED: THAT COUNSEL BE AND HE HERESY IS AUTHORIZED TO HAVE COPYRIGHTED THE DATA BOOK PUBLICATION IN ENGLAND AND C~NADA; AND RESOLVED: THAT THE YEARLY SALARY OF THE SECRETARY OF THE INSTITUTE BE AND THE SAME IS FIXED AT THE RATE OF $5,000 PER YEAR FROM OcTOBER 1ST 1949 AND THAT THAT THE SALARY PAID THE STENOGRAPHER BE AND TH SAME HEREBY IS FIXED AT $5Q PER WEEK. AS OF OcT- OBER 1ST 1949; AND RESOLVED: THAT THE FORMAL APPLIcATIONS FOR Assoc lATE WEMBERSHIP WERE ACCEPTED FOR AMERICAN BRAKEBLOK DIVISION, INLAND MANUFACTURING DtVISION, JoHNs-MANVILLE CoRPORATION, THERMOID 0oMPANYi AND RESOLVED: THAT THE FORMAL APPLICATION FOR REGIONAL MEMBERSHIP BE ACCEPTED FOR THE CANADIAN FRICTION MATERIALS STANDARDS INSTITUTe:; AND RESOLVED: THAT A FEE OF' .$1 '500 PER ANNUM BE CHARGED FOR Re:GIONAL MMBERSH1Pi AND RESOLVED: THAT THE F'EE FOR THE FIRST QUARTER OF 1950 FOR REGULAR MEMBERS BE ASSESSED IN ACCORDANCE WITH THE CoNSTITUTION AND BY-LAWS; AND RESOLVED: THAT THE BUDGET FOR THE FIRST QUARTER OF 1950 BE APPROVED; AND RESOLVED: THAT THIS BOARD HERE RECORDS ITS APPRECIATION OF THE CONSCIENTIOUS, CAPABLE AND .OUTSTANDING SERVICE GIVEN TO THE FRICTION MATERIALS INDUSTRY BY WILLIAM H. DUNN IN NUMEROUS COMMITTEE CAPACITIES AND AS AN OFFICER OF AsSOCIATIONS SERVING THE INDUSTRY THROUGHOUT MANY SUCCESSIVE YEARS, AND ITS REGRET THAT HIS RETIREMENT REMOVES HIM AT THIS TIME FROM THE FMSI 00541 -9- JuNE 21 1 1950 FRICTION MATERIALS STANDARDS INSTITUTE, INC. MEMBERSHIP AND THIS BOARDis DELISERATIONS 1 AND BE IT FURTHER RESOLVED: RESOLVED: RESOLVED: RESOLVED: THAT THE BEST WISHES OF THE MEMBERSHIP ARE HEREBY EXTENDED TO WILLIAM H. DUNN FOR HIS CONTINUED GOOD HEALTH, HAPPINESS AND PRO~ P!~t'fYI AN8 THAT THE BUDGET FOR THE FOURTH QUARTER 1 A- MOUNTING TO $41 375 BE ADOPTED; AND To CANCEL THE FEE CHARGED ASBESTOS MANuFACTURING CoMPANY FOR THE PERIOD JuLY I THROUGH SEPTEMBER 11 1949; AND THAT THERE BE A CONTINUATION OF THE POLICY OF NOT PERMITTING THE PRINTING OF' F.M.S. NUMBERS IN TRADE PUBLICATIONS; AND RESOLVED: THAT A 1950 SuPPLEMENT TO THE 1949 EDITION OF' THE AuTOMOTIVE DATA BOOK IS HEREBY AUTHORIZED AND DIRECTED TO BE RELEASED; AND RESOLVED: THAT PROVIDING THE BRITISH BRAKE liNING W~NUF'ACTURERs 1 AssociATION BECOMES A REGIONAL MEMBER OF' THE INSTITUTE 1 THEIR QUALIFIED MEMBERS SHALL HAVE THE RIGHT TO REPRINT THE F.M.S. NUMBERS IN THEIR CATALOGS; AND RESOLVED: THAT A NOTICE BE SENT TO THE MEMBERS INFORMING THEM THAT NO LISTS ARE IN EXISTENCE AND THAT NO REQUESTS FOR THIS TYPE OF' INFORMATION SHOULD SE SENT TO THE INSTITUTE OR TO ANYONE ELSE; AND RESOLVED: THAT A NOTICE BE SENT TO THE MEMBERS INFORMING THEM THAT NO SALES FIGURES ARE IN EXISTENCE AND THAT REQUESTS FOR THIS TYPE INFORMATION SHOULD NOT BE SENT TO THE INSTITUTE; AND RESOLVED: THAT A CoMMITTEE COI\If>OSED OF' tiESSRSo M1Ll.ER 1 SPINA, STICKLES AND MISS DusCHEK INVESTIGATE THE OF'F'ERED SPACE IN THE SAME BUILDING AND THEY ARE HEREBY AUTHORIZED TO MAKE ANY REQUIRED CHANGES AND REASONABLE DISBURSEMENTS IN CONNECTION WITH THE OFF'ICE OF THE INSTI TUTEe Two RESOLUTIONS WERE EXPLAINED UPON REQUEST. WITH REGARD TO THE CANCELLATION OF' FMSI 00542 MINUTES OF ANNUAL f;1EETING -10- JUNE 21 t 1950 THE FIRST QUARTER FEE OF ASBESTOS MANUFACTURING CoMPANY, IT WAS STATED THAT THIS WAS GRANTED SINCE THEY HAD BEEN DENIED ALL INSTITUTE SERVICE FOR APPROXIMATELY SIX MONTHS AFTER FILINQ THEIR RESIGNATION WHICH HAD BEEN TABLED. LATER THE COMPANY PAl D IO SUBSEQUENT F'EES AND WITHDREW THE RES I GNAT ION. WITH REGARD TO THE USE OF THE F,M,S, NUMBERS BY THE BRITISH AsSOCIATION MEMBERSHI~1 COUNSEL EXPLAINED THAT THIS QUESTION HAD TO BE DECIDED BY THE BOARD SINCE THE BOOK IS NOT PROTECTED BY COPYRIGHT IN ENGLANOo UPON I'IOT ION DULY MADE, SECONDED AND UNANI I'IOUSLY PASSED, IT WAS RESOLVED: THAT THE AFOREMENTIONED RESOLUTIONS ADOPTED AT MEETINGS OF THE BOARD OF DIRECTORS DURING THE FISCAL YEAR ENOEO JUNE 30TH, 1950 BE HEREBY RATIFIED AND CONFIRMED, MEIVBERSH I P APPLICATION OF KRASCO MFG. CO. THE SECRETARY READ THE APPLICATION FOR MEMBERSHtP OF THE KRASCO MANUFACTURING CoMPANY WHICH HAO BEEN ACCEPTED BY THE BOARD OF' DIRECTORS BY MAIL BALLOT. CouNSEL ADVISED THAT HE HAD VISITED THE PLANT AND THAT THIS COMPANY IS A LEGITIMATE MANUFACTURER AND ELIGIBLE ACCORDING TO THE REQUIREMENTS OF ARTICLE I II SECTION 2 oF THE CoNSTITUTION. UPON MOTION DULY fMDE, SECONDED AND UNANIMOUSLY PASSED, IT WAS RESOLVED: THAT THE KRASCO MANUFACTURING CoMPANY BE ACCEPTED AS AN ACTIVE MEMBER OF' THE INSTITUTEo PAST DUE ACCOUNT IT WAS REPORTED THAT THE FIBRE &METAL PRODUCTS COMPANY HAD BEEN NOTIFIED BY REG- ISTERED MAIL ON MAY 16, 1950 THAT THEIR MEMBERSHIP WOULD BE SUSPENDED, IN ACCORD- ANCE WITH ARTICLE IX SECTION 4 OF' THE CONSTITUTION, UNLESS PAYMENT OF ALL PAST DUE ITEMS ( WHIC~ THEY HAD VERSALLY ASSURED WOULD BE PAID) WAS MADE BY JUNE I, 1950. No REPLY HAS BEEN RECEIVEDo ELECTION OF DIRECTORS THE NOMINATING CoMMITTEE PRESENTED THE FOLLOWING TO SERVE AS DIRECTORS FOR A TWO YEAR TERM ENDING JUNE 30, 1952; CLASS' CLASS 2. CLASS 3. JosEPH G. BRoWN - GRIZZLY MANUFACTURING CoMPANY AIVOR P. SMITH RussELL MANUFACTURING CoMPANY AeBOTT L. JoHNSON - AseEsTos MANUFACTURING CoMPANY THE CHAIR CALLED FOR NOMINATIONS FROM THE FLOOR AND NONE WERE PRESENTED, UPON MOTION OULY MAcE, SECONDED AND UNANIMOUSLY PASSED, IT WAS FMSI 00543 MINUTES 0~ ANNUAL MEETING -11- JuNE 21, 1950 RESOLVED: THAT THE SECRETARY CAST ONE BALLOT EACH ~OR MR. BROWN, MR. SMITH AND MR. JOHNSON TO BE MEMBERS 0~ THE BOARD 0~ DIRECTORS IN ACCORDANCE WITH THE PROVISIONS 0~ THE CoNSTITUTION AND BY-LAws. THE SECRETARY ANNOUNCED THAT ONE VOTE EACH HAS BEEN CAST ~OR THE VARIOUS NOMINEES AND THE CHAIR ANNOUNCED THAT THEY HAD BEEN DULY ELECTED MEMBERS 0~ THE 80ARO 0~ DIRECTORSo COIVMUN I CAT IONS THE SECRETARY ADVISED THAT THE BRITISH BRAKE LINING MANU~ACTURERS AssOCIATION WAS CONTACTING THEIR MEMBERS REGARDING REGIONAL MEMBERSHIP SINCE PERMISSION TO USE THE F .NioSo NUMBERS HAC BEEN GRANTEOo MR. FRANK M. SPEAKER, ExECUTIVE MANAGER o~ THE PisTON & PIN STANDARDIZATION GROUP AND PISTON RING MANU~ACTURERS GROUP EXTENDED AN INVITATION TO THE INSTITUTE AND TO ITS MEMBERS TO JOIN A TRA~~IC MANAGERS CoMMITTEE WHICH WOULD DISCUSS TRAFFIC PRo- BLEMS WITHIN THE INDUSTRYo THE BUDGET OF $12,000 WOULD BE ALLOCATED TO EACH PARTICIPATING ASSOCIATION OR MANU~ACTURERo COUNSEL ADVISED THAT THE INSTITUTE COULD NOT ENGAGE tN ANY SUCH ACTIVITY UNDER THE POLICY ADOPTED BY THE MEMBERSHIP AND SET ~ORTH IN THE CoNSTITUTION AND BY-LAWSo 1/ie:flllf,,'-tCJ BRAKE LINING CoMPANY, A NEWLY ~ORMED COMPANY, MANU~ACTURING SINTERED POWDERED METAL ~RICTION MATERIAL, REQUESTED IN~ORMATION CONCERNING MEMBERSHIP IN THE INSTITUTEe * * * THERE BEING NO ~URTHER BUSINESS UPON MOTION DULY MADE 1 SECONDED AND UNANIMOUSLY PASSED, THE MEETING ADJOURNED AT 2:30 P.M. H. G. DUSCHEK SECRETARY FMSI 00544