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Director's Meeting,
Lynchburg Glass Corporation - January 13, 1925

These minutes were scanned, converted to text, and edited by Dennis Bratcher from original copies now in the Jones Memorial Library in Lynchburg, Virginia. The original minutes were typewritten. The text versions were converted to a screen font for ease of reading. As a result the exact formatting of the original has not been preserved. A scan of the original is below (parts of the scan are slightly distorted).


Director's Meeting

The adjourned meeting of the Director's of the Lynchburg Glass Corporation was held in the Directors' Room of the Peoples National Bank on January 13th [1925] at 12 o’clock noon with the following present:

N. D. Eller
J. William Gayner
John Victor
R. C. Watts
C. M. Guggenheimer
J. D. Owen
D. H. Dillard
W. H. Loyd

The president stated that the business before the meeting was to complete the transaction of the loan of $15,000 from the Chatham & Phenix National Bank as all the preferred stockholders had signed the agreement giving permission to amend the charter.

The note was drawn up for $15,000 and endorsed by each member of the Board, with the understanding that the note and contract should be surrendered upon issuing the First Mortgage Bonds on the plant and opening a credit account with the Chatham & Phenix National Bank.

On motion of J. D. Owen, seconded by John Victor and unanimously passed, it was moved that Mr. Sackett be instructed to write the Chatham & Phenix National Bank of the City of New York and ascertain the class of bonds that would be required by them before going to the expense of issuing the Bonds.

On motion of John Victor, seconded by J. D. Owen and unanimously passed, the officers were instructed to complete execution of the contract with the Miller Machine & Mould Works of Columbus, Ohio for the Fruit Jar Machines and mould equipment needed.

There being no further business the meeting adjourned.

___[signed: N D Eller]____President

____[signed: W H Loyd]______Secretary