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Directors' Meeting,
Lynchburg Glass Corporation - June 29, 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 distorted).

Director's Meeting

Director's meeting of the Lynchburg Glass Corporation was held in the Director's Room of the Peoples National Bank at 10 A.M., Monday, June 29th, [1925] with the following present

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

The President stated that the object of the meeting was to meet a Committee from the First National Bank and the Peoples National Bank to see if some method could be worked out whereby the indebtedness to the Chatham & Phenix National Bank & Trust company could be liquidated.

After a thorough discussion by the Board and Committee referred to, it was decided not to do anything but to allow the Chatham & Phenix National Bank & Trust Co. to foreclose.

N. D. Eller, presented his resignation as President and on motion of John Victor, seconded by J. D. Owen, his resignation was accepted to take effect July 1st.

On motion of John Victor, seconded by R. C. Watts, W. H. Loyd was elected President and L. R. Parrish, Secretary. Mr. Eller stated that he would continue to work with the President in disposing of the stock on hand by giving his services as far as possible up to July 15th.

It was also unanimously voted that the form of signature on checks and other obligations should be changed to be signed by W. H. Loyd as President and Treasurer and counter signed by L. R. Parrish, Secretary.

There being no further business, the meeting adjourned.

_[signed: N D Eller]__President

____[signed: W H Loyd]__Secretary