Minutes - 44

43

Meeting
Feby 3, 1902

Proceedings
of the meeting of the Board of Directors of the Houston Oil Company
of Texas held at the office of the Company in the City of Houston
County of Harris State of Texas on the 3rd day of February 1902 at 3 pm.

A quorum being present upon motion duly seconded the reading of
the minutes ofthe previous meetings of said Board of Directors was
dispensed with until the next meeting of the said Board.

Thereupon upon motion duly seconded the following resolution was
presented and unanimously adopted to wit.

Declaration of
3% Semi-annual
dividend

Resolved that a semi-annual dividend of (3%) three per cent be
declared on the preferred stock of the Houston Oil Company of Texas
payable on February 15th of the year 1902 to the holders of the preferred
stock of said Company of record February 1st of said year.

There being no further business the meeting adjourned.