Quarterly Meeting BOARD OF DIRECTORS ... · WHEREAS, On December 13, 1967, the Executive Committee authorized the expendi- ture of an amount up to $700,000 for this project; and WHEREAS,

Quarterly Meeting

BOARD OF DIRECTORS - ~NNESOTAMININGANDMANUFACTURING COMPANY

February 12, 1968

The quarterly meeting of the Board of Directors of Minnesota Mining and Manufacturing Company, a Delaware corporation, was held at 30 La Gorce Circle, La Gorce Island, City of Miami Beach, State of Florida, at 10:00 A.M. on the 12th day of February, 1968, pursuant to the call of the Chair- man of the Board, given in accordance with the By-Laws of the Corporation.

Mr. Bert S. Cross, Chairman of the Board of the Corpora- tion, called the meeting to order and presided.

Mr. Robert H. Tucker, Secretary of the Corporation, acted as Secretary of the meeting.

The following Directors of the Corporation were present=

Willi~m H. Abbott Herbert P. Buetow Bert S. Cross Ralph H. Dwan Harry Heltzer Raymond H. Herzog William L. McKnight Robert W. Mueller Richard Or~way Maynard H. Patterson Cyril P. Pesek Clarence B. Sampair Charles W. Walton Robert L. Westbee John F. W~itcomb

Exhibit 1070

State of Minnesota v, 3M Co,,

Court File No, 27-CV-10-28862

¯

1070.0001

3M MN05374003

liili

1070.0002

3M MN05374004

1070.0003

3M MN05374005

|n!

1070.0004

3M MN05374006

1070.0005

3M MN05374007

1070.0006

3M MN05374008

1070.0007

3M MN05374009

1070.0008

3M MN05374010

I

III

1070.0009

3M MN05374011

1070.0010

3M MN05374012

1070.0011

3M MN05374013

1070.0012

3M MN05374014

1070.0013

3M MN05374015

1070.0014

3M MN05374016

1070.0015

3M MN05374017

III

l

1070.0016

3M MN05374018

RECOMMENDATIONS OF

EXECUTIVE COMMITTEE

Upon Motion duly made by Mr. Sampair and seconded by Mro Whitcomb, the following resolution~ recommended by the Executive Committee, since the last meeting of this Board of Directors, was unanimously adopted.

Additional Fluorochemical Production Facilities

~SEREAS, The Chemical Division has requested the expenditure of an amount up to $i,500,000 for the purchase and installation of ten additional 30,000 ampere fluorochemical production cells at the Decatur Plant; and

1070.0017

3M MN05374019

WHEREAS, On December 13, 1967, the Executive Committee authorized the expenditure of an amount up to $700,000 for this project; and

WHEREAS, The annual increased profits resulting from this project are estimated as $3,150,000, and the cash return period for the project is .87 years~

NOW, THEREFORE~ BE IT RESOLVED, That the action taken by ~he Executive Con~ittee whereby they authorized the expenditure of an amount up to ~700~000 for the purchase of criti- cal items which are part of a project to provide ten additional 30,000 ampere fluorochemical production cells at the Decatur Plant, be and hereby is ratified.

BE IT FURTHER RESOLVED, That the additional expenditure of an amount up to $800,000 for the purchase and installation of ten additional 30,000 ampere fluorochemical production cells at the Decatur Plant, be and hereby is authorized, bringing total authorized expenditures on this project to $1,500,000.

1070.0018

3M MN05374020

1070.0019

3M MN05374021

mmmm

1070.0020

3M MN05374022

1070.0021

3M MN05374023

1070.0022

3M MN05374024

1070.0023

3M MN05374025

1070.0024

3M MN05374026

O

1070.0025

3M MN05374027

1070.0026

3M MN05374028

1070.0027

3M MN05374029

1070.0028

3M MN05374030

1070.0029

3M MN05374031

1070.0030

3M MN05374032

1070.0031

3M MN05374033

1070.0032

3M MN05374034

1070.0033

3M MN05374035

O

1070.0034

3M MN05374036

1070.0035

3M MN05374037

1070.0036

3M MN05374038

There being no further business, the meeting upon Motion was adjourned.

Chairman

1070.0037

3M MN05374039

Quarterly Meeting BOARD OF DIRECTORS ... · WHEREAS, On December 13, 1967, the Executive Committee authorized the expendi- ture of an amount up to $700,000 for this project; and WHEREAS,

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