Minutes - 62

61

Cash	$733,460

Transfer of contract between said Calhoun and the Higgins Oil and Fuel Company	$219,940

Therefore, be it resolved that the action of the
President in accepting said subscription on said terms be and
the same is hereby ratified and approved.

Appointment of
Committee to
Revise By Laws

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

Resolved that a committee composed of the
President of the Houston Oil Company of Texas and of
Messes Charles L Atterbury and Thornwell Mullally be
and is hereby selected to revise the By-laws of the Company
and make report thereof at the next regular meeting of the Company.

On motion duly seconded the meeting was adjourned.

J A Whitaker, Secretary
Thos H Franklin, President

Meeting of
August 21, 1902

Proceedings of a Special Meeting of the Board of Directors of the
Houston Oil Company of Texas held at the office of the Company
in the city of New York on the 21st day of August, 1902 at 11
o'clock AM.

A quorun being present to wit:
Thos H Franklin
Jay O Moss
Patrick Calhoun
Charles L Atterbury
Thornwell Mullally
J A Whitaker

The meeting was called to order by Mr. Thos H Franklin
whereupon on motion duly seconded the reading of the minutes if
the previous meeting of the Board of Directors was waived
until the next meeting of said Board.

Preferred Stock
Redemption

Thereupon, on motion duly seconded the following
resolution was presented and unanimously adopted:

Whereas under the terms of the assignment to the
Maryland Trust Company of the Timber Contract between
the Houston Oil Company of Texas and the Kirby Lumber
Company, it is provided that a certain portion of the
semi-annual payment to be made under the terms of