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Minutes of the November 29, 1971
Place: New York City

The meeting began with a suggestion by me that we have a coordinator to give us more cohesiveness and to see that matters are resolved. Jeff warned that the person ought to be someone who is qualified to do the job and the selection ought to be based on what that person has done in Cobra thus far. He also mentioned that the duties of the position ought to be defined.

The conversation then drifted to the prints as well as the printing process and the wear and tear on individuals. It was concluded that:
(1) Things to be printed should be approved by the group.
(2) Production of the prints will be farmed out.

Jeff then gave us a breakdown on what he spent for his prints to give a guideline for the cost of farming work out to a business. His paper for his prints cost $300.00 at one dollar a sheet. The size of the paper was 30X40. He ran 300 prints, losing 20 and salvaging 280 good prints. The total cost to Jeff was $700.00 with the printing cost being $400.00. Jeff said that his prints would have to sell at $15.00.

It was proposed that the individual artist put up 2/3 to pay the cost of the work and Africobra would finance 1/3 of the cost of printing. The profit would be divided thusly:
(1) 50% to the individual member whose print is being produced.
(2) 40% to Africobra.
(3) 10% to some outside struggle or organization that is contributing to the building of a nation.
As money comes into the treasury it will be earmarked to be put into separate funds.

The question of what is Africobra's obligation was more specifically spelled out. The number of prints to be printed will be determined by the means of the individual. Africobra will finance no more than the production of 100 prints and it will invest no more than $200.00 in the production of a print. If a person wants