185 MINUTES OF THE QUARTERLY MEETING OF THE BOARD OF DIRECTORS, AMERICAN TURPENTINE FARMERS ASSOCIATION COOPERATIVE, HELD JANUARY 14, 1953. The regular quarterly meeting of the Board of Directors was held at Valdosta, Georgia, 10:00 A.M. January 14, 1953, in the Association's office. The following directors were present: He Langdale, R. M. Newton, A. V. Kennedy, R. H. Gibson, William Knabb, R. M. Reynolds, M. C. Stallworth, Jr. and Jim L. Gillis, Jr. Absent: John M. Cook and 0. H. Rhodes. The minutes of the quarterly meeting held October 16, 1952, were read and approved. Judge Langdale announced that he was happy the Association had obtained a Commodity Gum Naval Stores Loan Program at the rate of 90% of parity for 1953. He was high in his praise for officials of Commodity Credit Corpo- ration and the Directors of the Association in their support and assistance in presenting the Association's request for the 1953 loan program. Judge Langdale stated he believed it good business on the part of the government to again support the gum crop at 90% of parity. He explained that already confidence had been restored to both buyer and seller groups and that prices had climbed upward and were more or less stabilized at a satisfactory price range. He pointed to sales being made by the Association of turpentine and rosin stocks to dealers, processors and others to indicate rosin and turpentine prices quoted by the Association were in line with veleon. : The latest financial statement of December 31, 1952, showing income and eaphilibures wasediscussed in detail. Dues received from members, processors, and royalty fees were discussed and amounts compared with the corresponding period last year. The Commodity loan stocks of the program years 1948, 1949 and 1951 were given as well as loan stocks pledged to the loan under the 1952 loan program. They a as follows: CCC stocks from former loan programs, 19),8 through 1951 = 318,551 drums of rosin and 524,632 gallons of turpentine. Pledged under the 1952 loan program through December 31, was 317,538 drums of rosin and 2,725,417 gallons of turpentine, with a total stocks of 625,29 drums of rosin and 2,928,689 gallons of turpentine as of December 31, 1952. 1952 loan at oeles ak Senaey lh, 1953, were 306,698 drums of rosin and 251,0,057 gallons of turpentine. Of this reduction. the Association had sold from pooled stocks 8,232 drums of rosin and 8,11) gallons of turpentine. Redeemed by producers through January 1 were 2,608 drums of rosin and 313,307 gallons of turpentine, 486 ee All stocks sold by the Association had been sold at the following prices on yard basis: W Rosin $7.90 per 100 lbs., WG $7.80 per 100 lbs., N and below $7.75 per 100 lbs. Turpentine 55 per 7.2 lb. gallon. The redemption price for rosin for January, 1953, was $7.6576 per 100 Theke net and turpentine $.5189 per 7.2 Ibi gallon. As of January 1, 1953, there was in the Association's pooled stocks approximately two-thirds (2/3) of all stocks pledged hacen: the 1952 loan program. The other one-third (1/3) having been ear-marked by producers for their disposition. , A motion was made by Mr. R. M. Newton and seconded by Mr. R. H. Gibson "That officials of the Association be authorized to execute on behalf of the Association the 1953 Gum Naval Stores Loan Program Agreement with the Commodity Credit Corporation or the Production & Marketing Sieindticeiin 9 The resolution covering this motion is attached hereto as Exhibit "A", Motion unaninously adopted. Judge Langdale advised that there were two changes that would be desir able in the 1953 an Naval Stores Loan Program from the 1952 program, One of these changes had to do with the right of redemption by the producer under Section of the 1952 Producer's Marketing Agreement. He explained that it was his belief that the Association could do a much more intelligent and better job for and on behalf of its membership if the Association could have the sole right to redeem for the producer in disposing of stocks once they had been pledged under the loan program. Judge Langdale sitetuad the Association was trying to restore buyers! confidence, and further stated the Association would be much stronger and would represent its membership % to a greater extent by representing all producers when selling stocks father than permitting some producers particular advantage in ettectin their stocks to dealers. He stated that the Tobacco Stabilization Corporation had a sales policy which he thought was the best in the commodity field and that the Gum Turpentine Farmers ASsociation would do well to study it. After much discussion and after Mr. Milton S. Briggs, Chief of the Tobacco Branch, Production & Marketing Administration, had explained the changes as proposed by Commodity and officials of the Association, a motion was made by Mr. 2. M. Reynolds, seconded by Mr. A. V. Kennedy as follows: "That the proWisions of Section of the Producer's Marketing Agreement (ATFA Form 1 = 1952) be amended to permit only the Association to redeem stocks of naval stores pledged to the loan program in 1953." The motion carried six to two - thoge-voting for Langdale, Newton, Gibson, Kennedy, Gillis, Reynolds - 187 against, Stallworth and Knabb. Judge Langdale stated there was another change that Commodity and the Association felt to be desirable in the 1953 loan program. The change he suggested would be to limit the time for a producer to tender his naval stores for loan after delivered to a plant for processing. Judge Langdale explained that this would do mch to stabilize the market since it would take a lot of speculative features out of holding rosin, except in firm hands. This feature would reduce to a minimum the accumulation of rosin and turpentine production during the year which might be pledged to the loan program at any time. It would also insure that the Association would be in better control of the loan funds necessary to meet loan needs, especially at theend of the year. At the present time naval stores are accepted for loan if they have been produced during the calendar year. ; A motion from Mr, Stallworth, seconded by Mr. Knabb "That the time limit on naval stores tendered for loan in 1953 be the same as in 1952 Producer's Marketing Agreement." Mr. Newton offered an amendment to Mr. Stallworth's motion, seconded by Mr. Reynolds as follows: "That naval stores tendered for loan in 1953 by producers be limited to thirty (30) days from delivery of said naval stores for processing, with an additional ten (10) days for processors to place naval stores in storage position and get papers to the Association. The only exception to be in first Producer's Offers which may cover stocks delivered for processing prior to April 1, 1953, and may be offered on a Producer's Offer dated not later than April 30, 1953." The amendment was voted upon and carried six votes to two - voting for Newton, Gibson, Kennedy, Reynolds, Gillis, Lamgdsle - against Stallworth and Knabb. There being no further business the motion was made to adjourn, Respectfully submitted, e a A. R, Shirley Secretary, MINUTESOF THE REGULAR ANNUAL MEETING OF THE BOARD OF DIRECTORS, AMERICAN TURPENTINE FARMERS ASSOCIATION, APRIL 14, 1953, VALDOSTA, GEORGIA. The Association's Board of Directors met in regular meeting at the Association's Offices in Valdosta at 2:00 P.M. April 1), 1953. The following directors were pre~ sent: H. Langdale, R. M. Newton, A. V. Kennedy, R. M. Reynolds, R. H. Gibson, William Knabb, J. M. Cook, J. L. Gillis, Jr., and M. C. Stallworth, Jr. Absent 0. H. Rhodes. Minutes of the last regular meeting, asthe January 14, 1953, were read and approved with the following exception: "The resolution previously adopted by the Board re~ questing that Section of the Producer's Marketing Agreement (ATFA Form 1 = 1953) be amended to permit ae the Association to redeem stocks of naval stores pledged to the loan program in 195 a This request was not adopted by Commodity. Credit Corporation and is deleted and has no effect upon the 1953 Producer's Marketing Agreement. The Agreement ieblahidincling the same pichel ane as far as sales in para= graph )} apply in 1953 as in 1952, The Association's 1952 financial report for the year ending January 31, 1953, along with the ae from the auditor was presented to each director. Judge Lange dale, assisted by Mrs. Ora B. Hemmingway, Assi stant Secretary and Treasurer, discuss- ed in detail the annual financial report. Comparisons were made in income received from dues and from other sources for the year 1952 and 1951; comparison in funds available for advertising and for operating with an explanation as to the loss in revenue during the year. It was pointed out that the revenue received by the Association was at a higher level of collections. However, the 25% reduction in association membership Bs the 10% decrease in production, and the reduction in royalty fees from licensees and packers of gum turpentine had all taken their toll in Association revnue. The loss in revnue had curtailed particularly the advertising program of the Association. Judge Langdale explained that in view of the loss of revenue that the Associ- ation was unable to continue the advertising schedules on a lsvel equal to former years hence it would necessarily be cut back to conform to present revenue for that purpose. Judge Langdale pointed out that there had been a number of compiaints against the amendment to the By-Laws that was adopted at the Annual Meeting in 1952 to Section 2 of Article 6 of the Association's By-laws which pertained to the manner in which members were nominated as candidates for director in the Georgia districts. After discussionvby the members of the Board, the amendment to the amndment adopted on April 16, 1952, was read which would permit change of the number of candidates to be nominated by each sub-district committee as well as change in time required for the committee to meet and other things. Motion was made by Mr. M. C. Stallworth, Jr., aaa i seconded by Mr. William Knabb, that the Board of Directors sponsor the amendment pertaining to Section 2 of Article 6 of the Association's By-Laws for adoption by the membership at the Annual Meeting on April 15, 1953. Motion unanimously adopted. The amendment is attached hereto as Exhibit "A". yi. R. M. Newton spoke of his appreciation and that of the Board of Directors for the splendid services rendered by Mr. A. V. Kennedy and Ir. R. M. _e dure ing the period of time they had uaa as directors of the Association. All members expressed regret of their resignation from the Board. Judge Langdale stated that the Association had taken steps to express their appreciation at the Annual Meeting to be held on April 15, 1953. Judge Langdale spoke of his desire to step down as President of the Association ; and stated that he would like for them to consider someone else as director and . president for the coming year. All directors refused to honor Judge langdale's wishes. There being no further business, the meeting stood adjourned until the Annual Meeting the following day, April 15. Respectfully submitted, EE wY, SH@HETARY mo hae 1953 ANNUAL MEETING APRIL 15, 1953 The Seventeenth Annual Meeting of American Turpentine Farmers Association was held at the Ritz Theatre in Valdosta, Georgia, on April 15, 1953. The Seventeenth Annual Meeting was called to order by President Harley Langdale, and the invocation was given by Rev. Albert S. Trulock, Pastor, First Methodist Church, Valdosta. The address of welcome was given by the Honorable John Bray Giddens, Mayor of Valdosta. Mayor Giddens was high in his praise for the value of the Gum Naval Stores Industry to Valdosta and to the southeast, and that Valdosta was honored to have the gum naval stores producers meet in Valdosta each year, The response was given by Association member, J. Trumann Stubbs, Lanier, Georgia. Directors were named to canvass the ballots for iwesters to represent the Association for the coming year. The annual report of the president was read. by A. R. Shirley, Secretary. The report covered the Association's activities for the previous year and the value to its members by obtaining a Commodity Loan at 90% of parity for 1953 crop year; extension of the redemption period an additional ninety days for redeeming 1952 stocks pledged to the loan program; and highlighting other activities pertaining to the loan program. The advertising and educational programs of the Association were given along with other services to ies natieidel The great need of more attention by Associ- ation members to the marketing of their products highlighted the report. It was pointed out that the Association should take more responsibility in marketing stocks from the loan program. It was pointed out that the U. 5. D. A. Market News Service was not entirely meeting the needs of the industry and producers needed to assume a greater respon sibility in this regard. D. W. Brooks, General Manager, Cotton Producers! Association, Atlanta, Georgia, gave the principal address. His address dealt with world economic conditions and the need for farmers and all agricultural groups assuming a greater - responsibility in the marketing and distribution of their products. He made a masterful address that was timely and helpful to our members. George P. Donaldson, President, Abraham Baldwin Agricultural College, Tifton, Georgia, gave a humorous address on "The Safety Valve". Mr. Donaldson has appeared previousl on the program at the annual meetings and his remarks, though primarily humorous, contained some fine and worthwhile philosophy for daily living. The Abraham Baldwin Agricultural College Quartet entertained with a number of musical numbers, splendidly rendered. An open forum period was held where some general questions were discussed. 191 A resolution amending Section 2 of Article 6 of the By-Laws pertaining to nomination of candidates for director was made. Resolution was adopted practically unanimously and is attached hereto as Exhibit"A"., A bronze plaque was awarded by Judge Langdale to Mr. A. V. Kennedy, Waycross, Georgia, retiring director, and to Mr. R. M. Reynolds of Bainbridge, Georgia, retiring director. Mr. Kennedy had served from the year 19); to 1953 and Mr. Reynolds from 1937 to 1953. Each of these outgoing directors did not offer for re-election if 1953, but were high in their praise of the Association and the value of it to allits membership and thanked all for their support during their period of service. Each of them was given a loud applause as an expression of appreciation for their services. A number of door prizes were awarded to producers and members of their families which proved to be very popular. The meeting stood adjourned to the site of the luncheon at the Lowndes County );-H Club Camp approximately 10 miles south of Valdosta where the dinner and the.contest for "Miss Gum Spirits of Turpentine for 1953" were held. Prior to adjourning, the balloting committee made knowm their findings of those elected as directors to serve for the period May 1, 1953, to April 30, 1954. The results were as follows: Georgia Subst stalet #1-- Mr. Se 0. Spooner, Warwick, Georgia; Sub-district.#2 - Judge Harley Langdale, Valdosta, Georgia; Subsdistrict #3 - Ur. J. M. Cook, McRae, Georgias Sub-district #l - Mr. H. Lindsay Grace, Screven, Georgias and Sub-district #5 - Mr. Jim L. Gillis, Jr., Soperton, Georgia. Florida District #2 - Mr. William Knabb, Macelemny, Florida, and Mr. J. Graham Black, Jasper, Florida. District #3, Alabama - Mr. M. C. Stallworth, Jr., Vinegar Bend, Alabama. District #4, Mississippi ~ Mr. R. M. Newton, Wiggins, Mississippi. District #5, North and South Carolina - Mr. 0. H. Rhodes, Walterboro, South Carolina. Miss Maribeth Harrell, Eastman, Georgia, sponsored by Mr. J. M. Cook, McRae, Georgia, was chosen as "Miss Gum Spirits of Turpentine" for the year 1953. The Annual Meeting was concluded by a dance held at the )H Club Recreational Building, Lake Park, beginning at 9*00 o'clock P. M. Respectfully submitted, ~ R. Shirley, Secrqpary 492 SPECIAL MEETING OF THE BOARD OF DIRECTORS, AMERICAN TURPENTINE FARMERS ASSOCIATION, AT THE ASSOCIATION'S OFFICE, VALDOSTA, GEORGIA, APRIL 15, 1953. A special meeting of the directors was held at :00 o'clock P.M., April 15, 1953. The following directors were presant - H. Langdale, R. M. Newton, M. C. Stallworth, Jr., William Knabb, J. M. Cook, Jim L. Gillis, Jr., R. H. Gibson, A. Ve Kennedy, R. M. Reynolds, S. 0. Spooner, and Wr. Lindsay Grace. Absent - J. Graham : Black, State Senator, who could not be present due to the legislature being in session at Tallahassee, Florida, and 0. H. Rhodes. Judge Langdale stated that even though he had been elected he felt that he had served his time and would like to have them consider someone else in his place. \ = Mr. Gillis stated that he felt Judge Langdalets ability and experience was vitally needed during this crisis period and that he, by all means, should remain as presid= ent for another year. Mr. R. M. Newton voiced the same opinion as Mr. Gillis. Other directors had similar comments. A motion was made by Jim L. Gillis, Jr., seconded by M. C. Stallworth, Jr., that Judge Langdale remain as President of the Association and that. other officers of the Association be elected for the year 1953. They being R. M. Newton, Vice~President, A. R. Shirley, Secretary, and Mrs. Ora B. Hemmingway, Assistant Secretary and Treasurer. Motion unanimously adopted. 5 Judge Langdale stated that he appreciated the confidence that the. directors had placed in him over the years and that some Snoitbant problems were facing the Association and that in his opinion some changes were needed in the method of market~ ing of our products, especially after they are pledged to the loan program, if we are to continue to obtain a favorable loan and maintain a healthy statistical position. He requested each director to give much thought to what could be done by the Associ- ation in this matter. Judge Langdale stated that he hoped by the next regular meeting of the Board that some definite solution might be found or soe program adopted toward this end. A motion was made by Jim L. Gillis, Jr., seconded by M. C. Stallworth, Jr., that Judge Langdale confer with Mr. Milton S. Briggs of Commodity Credit Corporation { is regarding some possible increase in salary for Mr. J. C. Corbett and Mr. 0. W. Goodman, field representatives of the Association. Motion unanimously adopted. There being no further business the meeting stood agjdurned. Respectfilly submitted, AMENDMENT TO ASSOCIATION BY-LAWS ADOPTED APRIL 15, 1953 EXHIBIT man BE IT RESOLVED by the members of American Turpentine Farmers Association Cooperative in regular annual meeting assembled in Valdosta, Georgia, on the 15th day of April, 1953:- That Section 2 of Article 6 of the Association's By-Laws be, and they are hereby, amended by adding at the end of such section 2 of Article 6 as presently hinati vee the following language: "With respect to the election of one Director of the Association from each of the sub-district No. 1, as hereinabove provided, the President shall, at least iS days before ballots are sent our pursuant to the provisions of Section of Article 6, appoint a nominating committee for each of said sub-districts which shall consist of five members of the Association in good standing, residing in the said sub-district, no two of which appointees shall be residents of the same county therein. The Secretary of the Association shall furnish prompt and appropriate notice to such appointees both of the fact of their appointment and of the provisions of this Sertion. The nominating committees so appointed shall convene at eleven o'clock A. M. on the second Monday in February following their appointment at the County Courthouse in the County Seat of the first County named in the enumeration of counties comprising the sub- district with respect to which such nominating committees are respectively appointed. Upon so convening, such committees shall proceed be elect chairman and otherwise to organize to the extent necessary to effectuate the purposes of their appointment. [ach of such nominating committees shall nominate not less than one nor more than five candidates for the office of Director from among the members of the Association in good standing who reside in the sub-district, and shall furnish the name or names of such candidates to the Secretary of the Association at least 5 days before the Annual meeting of the Association. The ballots sent out by the Secretary to the members of each sub-district shall contain only the names of the one or more nominees, as aforesaid, for that sub-district, and each member of the Association in good standing shall have the right to vote for one of such nominees or to write in the name of another member of the Association in good standing who resides in his sub-district. Page 2 The act of any three members of any such nominating committee so appointed shall be deemed the act of the Committee." ZF tye, and correct and passed at Annual meeting April 15, 1953. ACR. hirley Secretary 7 4" ee POE TS eee SRS Pe eee ee ~~ -.0lUlLmEeeEe eee ee) a On ae Ltpoak pert