Minutes - 19

18

thereto including tram railways and proceed to cut and
market at the expense and cost of the party of the second
part the uncut timber which said party of the second part
has the right to cut under this contract and to market all
timber then on hand and to pay all expenses resonably attendant
upon the doing of any of the said matters including a
reasonable compensation to the Agent or Agents so employed and
to charge the same to the account of said party of the second
part and to apply the rest surplus to the payments herein agreed
to be made by the said second party - it being particularly understood
that any and all rights herein granted to the said party of the
first part shall and will pass to the successors and assigns of
the said party of the first part.

This contract shall take effect as of the day of the date hereof
and shall be binding upon the respective successors and
assigns of the parties hereto.

Witness the corporate seal of the party of the first part hereto
affixed - and the signature of its President and Secretary and the
hand and seal of the party of the second part hereto set the
day and year first above written.

Witness to execution
by both parties

Schedule of Lands Acquired

Schedule of lands acquired and to be acquired by the
Houston Oil Company of Texas referred to in annexed extract
and particularly mentioned in paragraph 1st thereof.