Abstract: A material storing and dispensing assembly for storing and discharging hot asphalt material, comprising a vertically-extending vessel having a generally cylindrical shape and a top opening for receiving material, a dispensing cone positioned in the vessel and opposed to the top opening, the dispensing cone having a discharge opening at a distal end for discharging material from the vessel, a first gate enclosed within a gate weldment and adapted for engagement with the discharge opening slidable between one of an open position for releasing material from the vessel through the discharge opening and a closed position for retaining material within the vessel, a second gate having a sealing face adapted for effectively sealing the discharge opening by rotating the second gate from a vertical storage position into a horizontal closed position, a third gate adapted for further cooperating with the first and second gates and slidable between one of an open position for releasing material from the vessel and a close