State of Indiana, County of Marion. ss.

I, Howard Schurmann, do solemnly promise and swear that I will faithfully, impartially and justly perform the duties of treasurer of the Independent Concrete Pipe Company, a corporation of the State of Indiana, according to the best of my abilities and understanding. So help me God.

HOWARD SCHURMANN.

SUBSCRIBED AND SWORN TO before me, this 10th day of June, A. D. 1914.

WILLIAM F. CALVERLEY, (Seal) Notary Public.

My Commission expires on May 22, 1918.

Upon motion duly made, seconded and carried, the president was authorized to accept bond, in accordance with the statute, from the treasurer, and to present the same, for the acceptance of the board of directors, at the following meeting of said board.

Upon motion duly made, seconded and carried, Mr. Howard Schurmann was elected general manager of this corporation, and was authorized, as such, to carry on the business for which this corporation was organized.

Upon motion duly made, seconded and carried, the meeting thereupon adjourned.

JOHN SCOTT, ________ Secretary.