The first meeting of the board of directors was held at No. 909 State Life Bldg, in the City of Indianapolis, Indiana, on the 9th day of June, 1914, at 4:30 o'clock P. M.

Present: Messrs:

John C. Scott, John Scott, Fred J. Smith, constituting a majority of the board.

Mr. John C. Scott was chosen temporary chairman, and Mr. Fred J. Smith was appointed temporary secretary of the meeting.

The secretary presented and read a waiver of notice of the meeting, signed by all the directors.

Said waiver is as follows:

INDEPENDENT CONCRETE PIPE COMPANY

(32) Waiver Of Notice

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FIRST MEETING OF THE BOARD OF DIRECTORS

WE, THE UNDERSIGNED, being the directors designated and authorized by the charter of the above named corporation, do hereby waive notice of the time, place and purpose of the first meeting of directors of this corporation.

We designate the 9th day of June, 1914, at 3 o'clock P. M., as the time, and No. 909 State Life Bldg., Indianapolis, Indiana, as the place of said meeting, the purpose of said meeting being to elect officers, in accordance with the Statute of the State of Indiana, and to act upon a proposal submitted by Howard Schurmann.

JOHN C. SCOTT, JOHN SCOTT, FRED J. SMITH.

The minutes of the first meeting of the incorporators were read. The following were nominated for officers of the company, to serve for one year and until their successors are chosen and qualified:

President, John C. Scott; Vice-president, Fred J. Smith; Secretary, John Scott; Treasurer, Fred J. Smith.

A ballot having been duly had, and all the directors having voted, the chairman announced that the aforesaid persons had been unanimously chosen officers of the corporation.

The president thereupon took the chair.

It was ordered that the secretary take the oath of office and subscribe the written oath in the form presented at this meeting. The secretary thereupon took and subscribed the oath and entered upon the discharge of his duties.

Said secretary's oath is as follows: INDEPENDENT CONCRETE PIPE COMPANY.