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Director's Meeting,
Lynchburg Glass Corporation - December 30, 1924

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

A called meeting of the Director's of the Lynchburg Glass Corporation was held in the Director's Room of the Peoples National Bank, Tuesday, December 30th [1924] at 11 A. M. with the following present:

N. D. Eller
John Victor
R. C. Watts
C. L. Snidow
C. M. Guggenheimer
J. D. Owen
W. H. Loyd

The reading of the minutes of the previous meeting was omitted.

The President stated that the meeting was called to present the proposal to place a loan of $15,000.00 with the Chatham & Phenix National Bank of the City of New York, prior to issuing First Mortgage Bonds on the plant as this capital was needed at the time to start up No. 1 Tank to full capacity in order to care for the Insulator business and to start production on Fruit Jars.

After discussing this proposal, the Directors moved to adjourn awaiting the action of all the preferred stockholders in order to ascertain whether or not the preferred stockholders would consent to the proposed amendment to the charter which was necessary before action could be taken on the Bond issue.

There being no further business the meeting adjourned.

____[signed: N D Eller]__President

_____[signed: W H Loyd]__Secretary