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    C.   Nominating Committee Report

    Under the Governing Regulations, officers of the Board and
the Executive Committee are elected annually at the September
meeting. Mr. Sturgill, who had appointed a Nominating Committee
which was composed of Mr. Frank Ramsey, Jr., Mr. Thomas P. Bell,
and Mr. William R. Black, called on the chairman of the
committee, Mr. Ramsey, to present the committee's
recommendations.

    Mr. Ramsey placed in nomination for Secretary of the Board
the name of Mr. George W. Griffin, Jr. There being no
nominations from the floor, Mr. Ramsey moved that Mr. Griffin be
elected Secretary. His motion was seconded by Mr. Bell and
passed without dissent.

    Mr. Ramsey next placed the name of Mr. Albert G. Clay in
nomination for Vice Chairman of the Board. His motion was
seconded by Mr. Bell. There were no nominations from the floor,
and the motion was adopted unanimously.

    Since the next office was for the chairmanship of the Board,
Mr. Sturgill asked that Mr. Clay assume the Chair. Mr. Clay
asked Mr. Ramsey to continue his report, and Mr. Ramsey placed in
nomination the name of Mr. William B. Sturgill for Chairman of
the Board and moved acceptance of the nomination. His motion was
seconded by Mr. Black and, there being no nominations from the
floor, Mr. Sturgill was elected Chairman of the Board by
acclamation.

    Mr. Sturgill resumed the Chair, and Mr. Ramsey continued his
report by placing in nomination for membership on the Executive
Committee the names of Mr. William B. Sturgill, Mr. Albert G.
Clay, Mr. William R. Black, Mr. A. Stevens Miles, and Mr. Tracy
Farmer, with Mr. Sturgill as Chairman. There being no
nominations from the floor, on motion duly made, seconded, and
carried, the slate was elected.

    Mr. Sturgill thanked Mr. Ramsey and the other members of the
Nominating Committee for their report.