This volume consists of minutes from the first meeting of the company's stockholders, held at the West Orange laboratory on April 24, 1899. The document concerns the election of officers, as well as the adoption of a certificate of organization and bylaws. Included are copies of letters from Edison, William L. Saunders, and the Ingersoll-Sergeant Drill Co. The correspondence pertains to the assignment of Edison's patent for reheating compressed air and Saunders's patented method for improving the efficiency of motor fluids. The front cover is labeled "Minute Book -of- Edison-Saunders Compressed Air Company." The book contains 153 numbered pages; it has been used to page 16.