Minutes - 60

OverviewTranscribeVersionsHelp

Facsimile

Transcription

Status: Complete

59

Polk, Hardin, Jasper, Tyler, Sabine, San Augustine and Angelina
Texas; and

Whereas said Houston Oil Company of Texas has let
said option lapse and did not acquire thereunder said lands;
and

Whereas thereafter said John H Kirby made certain
other option agreements with said Augustus F Kountze (said
Barclay W Kountze having dies in the mean time and his
title to said land having passed to said Augustine F. Kountze)
covering said lands; and

Whereas it is not to the interest of said Houston
Oil Company of Texas to acquire said lands; and

Whereas said Kirby is desirous of acquiring said
lands for the Kirby Lumber Company and in order to
raise the money to pay for said lands said Kirby may
have to encumber the title thereto; and

Whereas the said Kirby and the said Kirby
Lumber Company have agreed to convey to the said
Houston Oil Copmany of Texas all the oil and mineral
rights in and to all of hte lands in the State of Texas
owned by the said Kirby Lumber Company, whether held
in the name of said Company or in the name of John
H Kirby except, however, the lands lying within the
limits of any city, town or village, and likewise to convey
whatever oil and mineral rights the Kirby Lumber Company
may acquire in the lands so to be acquired fromthe
said Augustus F Kountze; such conveyance of oil and
mineral rights to include also all oil which the said Kirby
or the Kirby Lumber Company may hereafter acquire in
or upon said lands first above recited.

Therefore, be it resolved by the Directors of the
Houston Oil Company of Texas that said Company shall release
unto the said Kirby or the Kirby Lumber Company, or such person
or corporation , as he, the said Kirby, may direct, all claim or claims
of whatsoever character that the said Houston Oil Company of Texas
may have acquired under any of said option agreement with either
the said Augustus F Kountze and Barclay W Kountze, or Augustus F
Kountze, or under any proposition made by the said Kirby to
the Houston Oil Company of Texas, either verbal or otherwise, to
convey to it any of said lands or any option agreement thereto or any
interest therein; And the President of the Houston Oil Company of
Texas is hereby authorized and directed to execute such deeds,
agreements transfers or contracts on the part of the Houston Oil
Company of Texas as may be or become necessary to carry out this resol-
ution.

On motion duly seconded, the meeting was adjourned.

Notes and Questions

Nobody has written a note for this page yet

Please sign in to write a note for this page