Minutes - 32

31

Regular Meeting
August 12, 1901

Proceedings of Meeting of Board of Directors of the Houston Oil Company
of Texas held at the office of the Company in the city of Houston
Texas Harris County on the 12th day of August 1901 at 3 o'clock pm.

A quorum being present to wit.
S. B. Cooper
Joe S. Eagle
B. F. Bormer
E. J. Eyres
R. W. Weir

The meeting called to order by
Mr S. B. Cooper who was unanimously elected Chairman of the
meeting in the absence of either the President or first Vice President.
Thereupon on motion duly seconded the reading of the minutes
of the previous meetings of the Board of Directors was dis-
pensed with until the next meeting of said Directors.

The resignation of C. L. Atterbury as Assistant Secretary being presented
upon motion duly seconded was accepted and J. A. Whitaker was
unanimously elected in his stead.

Thereupon on motion duly seconded the following resolutions was
presented seconded and unanimously adopted.

Issue of Timber
Certificates

Resolved that the Maryland Trust Company of Baltimore
Maryland be and it is hereby requested to issue Timber Certificates
to an amount not exceeding Ten Million ($10,000,000) Dollars under
the terms of the assignment to it by the Houston Oil Company
of Texas of the Timber Contract between sail Oil Company and the
Kirby Lumber Company as and when called upon to do so by
the President of the Houston Oil Company of Texas.

There being no further business upon motion duly seconded
the meeting adjourned.

Secretary President