Directors Meeting Aug 8, 1959
Directors Meeting called to order by the president with all directors present.
Previous Minutes were approved as read.
Motion made and seconded to charge for Ginning as follows: Hand pick cotton $1.50 per c.w.t., Bollies $2.20 per c.w.t., Bagging and Ties $4.25 per B/c. Carried.
Motion made and seconded to allow H. C. Wehring, 12 cts a ton for loading cottonseed & Hulls for his seed Conveyer. Carried.
Motion made and seconded to buy nessary [sic] rubber stamps at Warehouse. Carried.
Motion made and seconded that it: Be resolved by the board of Directors of the Burton Farmers Gin Ass’n Inc. that Frankie J. Jaster act as Power of attorney in behalf of the corporation and sign all legal transactions. Carried.
Following are charges for loading 1958 cotton into Freight Car. $252.60, cotton 51 cts per unit, a total of 4735 units would equal to a amount of $2414.85
Motion made and seconded & Carried.
To Who It may be Concerned:
Whereas: During cotton ginning season additional funds are need to buy cottonseed, Bagging & ties etc, Therefore be it resolved that our manager H. C. Wehring be permitted to secure a loan up to $2000.00 from the Burton Sate [sic] Bank.
No further business adjourned
Directors Meeting Nov 5, 1959
Directors Meeting called to order by the president with all directors, manager and representative of the Continental Gin Co. present.
It was agreed by the directors to give a Blanket order for Continental Gin cleaners and same be left up to the stockholders at the annual meeting.
Motion made and seconded to buy extra gin saws for shaft for Gin Stand.
Motion made and seconded to find out the price of another section or story for tower drier. Carried.