ANNUAL MEETING - April 15, 1987

The Association's Board met in regular session at the Valdosta office

at 11 A.M. on April 15. Directors present were Mr. Powell, Mr. Cook,
Mr. Vickers and Mr. Gillis, President, who conducted the meeting. Those
absent were Mr. Bulloch, Mr. Kight and Mr. Prine.

The Minutes of the previous meeting were read and approved, and the
Annual Audit and Financial Statements were reviewed. The President noted
that with the continuing decline in production, the Association's income
continued to decline. He told the Board that with the local college's
efforts to purchase the shopping center across from the office, it might
be advisable to consider selling the property; however no definite action
was taken.

Mr. Gillis told the Board that he has talked with Mr. Kight and Jerry
Bulloch, neither of whom expect to have production next year, although
Mr. Bulloch is attempting to get some State timber to work. But Mr.Kight
indicated that for health reasons, if he were re-elected, he would tender
his resignation.

A discussion about Union Camp's closing followed and Mr. Gillis said he
would have Foster Davis keep in touch with Union Camp to see what their
future intentions might be. The President also told the members that he
was confident a Conservation Program would be approved this year, but

it was impossible to predict what the future of the Program might be.

He also said that he would be in Washington in early May with the Georgia
Agribusiness Council and would set up an appointment with officials of
the Agriculture Department to discuss the Conservation Program as well as
talk with them again about research since Senator Fowler is on the
Agriculture Committee and is interested in the industry.

The Board then unanimously approved purchase of 1000 calendars for 1988

at a cost of $4.54 each; agreed to continue the scholarship of $250 to

the Queen and to have her selected from entrants in the Miss Georgia Forestry
pageant as done previously.

The Board then recognized Mr. Alton Carter, Chairman of the Ballot
Committee, who reported that all incumbent Directors were re-elected with
the exception of Mr. Lewis Kight of Florida, and Mr. Jack Tilton was

elected in his place. Upon nominations by Mr. Powell, seconded by Mr. Cook,
and unanimously approved by the Board, all present officers were re-elected.
The Board then approved an increase of the Secretary's salary by $100 per
month, and reluctantly, at the President's request, a decrease of $100 per
month in his salary. Effective immediately the Secretary's salary will be
$1350 and the President's $400 per month. The Board further elected the
same officers to serve Pine Gum Development Corporation.

Invited guests were then asked to join the meeting, they being George and
Tom Shelton, Claude Bird, Steve Spooner, Charlie Grimsley, Grady Williams,
Ed Herbert, Red Castleman, Wesley Hartley, Alton Carter and Foster Davis.
President Gillis thanked everyone for coming and invited comments. Mr. Bird
representing /#RP Company said his company was definitely committed for

this year, but would be taking a look after that to reassess the situation.
Mr. Shelton said he, of course, was getting more gum now with Union Camp
closed and th? outlook for his company this year was pretty good.

Grady Williams reported on the Conservation Program and commended Charlie
Grimsley for his efforts in making paste and aluminum cups and gutters.
Mr. Spooner was also recognized for his work in supplying tools.
Following a general discussion among everyone present, Mr. Gillis again
thanked everyone for coming, and there being no further business, he

adjourned the meeting.

Respectfully submitted

C )Secrletary

REPORT OF THE BALLOT COMMITTEE

We, the duly appointed Ballot Committee, certify that we have examined
carefully and tabulated the votes cast in the election of Directors for
the American Turpentine Farmers Association Cooperative, and do hereby
declare the following elected to serve as Directors for the ensuing year:

DISTRICT 1 (GEORGIA)
>)

Sub-Dissrict 1 TRAVIS 73 Cob K
oy FA /
Sub-District 2 As+oty of > 13C / V4
Sub-District 3 KD. YizKeR s
Sub-District 4 Say A UU oe Je 
7
DISTRICT 2 (FLORIDA) pak Teh Tow

Feng, Beech
f

- DISTRICT 3 (ALABAMA AND she es
MISSISSIPPI) BS EID pes

AND SO CERTIFIED this 15th day of April, 1987:

= Z Lt

APPROVED: iy
=