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 Coonerative, and do hereby declare the followinz elected to serve as Directors for tne ensuing year: DISTRICT 1 (GHORGTA) Sub-District 1 Sub-District 2 Sub-District 3 Ku Se es IG : A Sub-District a Ae fee: a, DISTRICT 2 (FLORIDA) I) 08 Goad 7 (/ ING ig = DISTRICT 3 (ALABAMA/MISSISSIPPT ) kL Y) Lut AND SO CERTIFIED this 15th day of April, 1992: Lived: Di beiaawe /4 APPROVED: sfa= re ee. , Secretary ANNUAL DIRECTORS' MEETING APRIL 15,. 1992 The Annual Directors' Meeting of American Turpentine Farmers Association was held in the Valdosta, Georgia office on Wednesday, April 15, 1992. Directors present were Jim L. Gillis, Jr., President; LLoyd L. Powell, Vice President; Travis P. Cook, Jack Tilton, and K. D. Vickers. Director Horace D. Prine from Alabama was absent. The President called the meeting to order by having the Minutes read for the last meeting on April 24, 1991, after which they were approved as read. The Board then discussed the current financial statement, and in conjunction with that two particular points were brought to the Board's attention. (1) The current lease of office space will expire on June 30; but the owner has agreed to extend for another year for $200 a month if he can have access to the single room off the hallway. (2) The Georgia Forestry Association who had been having the Queen contest in Jekyll, as a part of their Convention activities and their selection of their own Miss Georgia Forestry Queen, decided to discontinue the contest. But the Georgia Forestry Commission picked it up and held a contest in Macon last month. This year's Queen is Sophie Hiers from Valdosta. One nice thing about this contest is that GFC gave Miss Gum Spirits a $250 award as well ase $250 scholarship award. Since our Queen and Calendar are our only means of advertising, we appreciate the GFC including our Queen selection in their contest. And, of course, the Calendar is still very popular and is good publicity. In line with the expenditures explained above and the expiration of the lease, Mr. Cook made a motion to extend the lease for another year, Mr. Vickers seconded and it was unanimously approved; Mr. Powell made a motion to continue the $250 scholarship for the Queen, Mr. Tilton seconded and it was also_unanimously approved by the Board. Upon motion by Mr. Cook, seconded by u5 Powell and una Emous ly passed, it was agreed to purchase 1000 calendars for 1993 at a cost o 3 each. The President directed the Board's attention to disposition, or relocation for display purposes, of the Association's many files of pictures and old records. Mr. Gillis said he could only think of two places that might be interested at the present time: (1) Forest World located at Waycross, but he said it was not easy to find and not on any major highway, and (2) The Agrirama at Tifton, which in contrast is an ideal location being right off Interstate 75, and they already have many exhibits and events pertaining to the naval stores industry. He asked for the Board's ideas and recommendations; and, after some discussion it was agreed that negotiations should be with Agrirama. Upon motion made by Mr. Powell and seconded by Mr. Tilton, the Board unanimously approved this arrangement. The president told the members that the Association had given the large portrait of Judge Langdale to the Langdale family, and it was recently picked up by John Langdale. The President told the Board he had talked with Jim Feltham of Akzo, who said he wasn't selling any rosin and if it didn't change he would have to pay a lot less for gum than he is paying now. He said he was buying Brazilian and Chinese for less than half of what he pays for American. He explained that it was,the melting point of foreign rosins that was different from American rosin, ben that other countries are getting better at production and distillation. Mr. Felthan also told Mr. Gillis that he is still interested and enthusiastic about the bottle collection method and wants to see serious studies done. The President noted that Hercules is also very interested in any bottle collection studies, and he plans to go with Grady Williams to see some Hercules officials. Mr. Gillis said further that sawmills are clear cutting timber and not replanting and if this practice isn't slowed or stopped soon, the outlook for the industry certainly isn't good. The Board then reviewed the list of tools currently in ATFA's inventory, and while supplies are low on some things, particularly double-headed nails, the general feeling is that the Association shouldn't stock additional tools or nails. It is believed that used nails can be found and that some producers may have excess supplies of nails they would be willing to share. Mr. Alton Carter was then asked into the meeting to give the report of the Ballot Committee, whichwas that all current directors were re-elected. The Board then proceeded with the election of officers, and upon motion made by Mr. Cook and seconded by Mr. Tilton, all incumbent officers were re-elected, they being Jim L. Gillis, Jr., President; Lloyd L. Powell, Vice-President, and Joyce G. Lamb, Secretary. The visitors were then asked to join the meeting. Charlie Grimsley spoke first and reported on the making of acid and paste. He also told the meeting that a company in Mobile wants to buy the cup and apron making machine and he anticipates selling to them. He said this company told him they would make these items for the producer, but Mr. Grimsley thinks it might be easier for him to make them and save the cost of freight, if anyone expects to need a supply soon and could let him have the order right away. This company wants the machine to make cups and aprons for someone in Honduras, but it will be about two months before they actually move it, so he said he would be glad to make these items for anyone who wants them as long as he has the machine. Mr. Grimsley also noted that with production down, there should be a lot of good used cups available and he can clean them for producers. Claude Bird, representing Akzo Coatings, then spoke to the meeting. He said Mr. Feltham was sorry he was unable to come, but assured the Board that his company was committed to 1992, and about September or October they would take a look toward 1993. He explained that Akzo has a heavy inventory of pale grades on hand, that approximately 75% of all inventory is WW and WG. He said a lot of the lower grades are used in shoe polish, ship bottom paints, solder core and solder flux used in making resins and a varnish type used in magazine and book printing. He also said some markets are being lost; an example being Cracker Barrel who no longer uses rosin in baking potatoes. , Mr. Bird said Akzo is looking very closely at Mr. Carter's bottle business and hopeSit will prove profitable and allow us to compete with foreign gum. He said Akzo will pay the same price they paid last year, and that turpentine is actually moving better than rosin right now. He said the Chinese are still making a lot of rosin, but Brazil has now pulled theirs from the market to probably re-enter: at a higher price which is what China did. He again assured the Board of their intention to maintain a market for domestic gum as long as possible. Grady Williams then spoke briefly to the meeting about the Conservation Program and the interest in research by the Georgia Forestry Commission particularly with the bottle collection project. He said he was working with Alan Hodges of the University of Florida and said with Mr. Mixon's interest and help there may be a further extension of funds to continue that research. Mr. Williams expressed his willingness, as well as that of Ed Herbert and Wesley Hartley, to assist Board members and all producers in every way they can. Mr. Gillis then thanked everyone: for coming, and since there was no further business to come before the meeting, it was adjourned. Respectfully submitted, Go yen is mie SEretary LOT?EHa