Minutes - 7

6

Thereupon the Following Resolution was presented and unanimously
adopted.

By-Laws
Resolved by the Board of Directors of the Houston Oil Company of
Texas that the following be and they are hereby adopted as the
By-Laws of the Houston Oil Company of Texas.

1 The officers of this company shall consist of a President - First
Vice President - Second Vice President - General Manager - Secretary and Auditor
and Treasurer and such other officers as may from time to time be
elected by the Board of Directors. Each of the above named
officers shall be elected by the Board of Directors and each to be a
stockholder of the Company - except the Secretary Auditor and
Treasurer and such subordinate officers as may be hereafter selected

2 The Board of Directors shall have the general management of
the affairs of the Company and may from time to time confer
upon the officers of the Company such additional powers duties
and authorities as said Board may deem proper - not contrary
to the act of incorporation of this Company and these By-Laws.

3 The Board of Directors of the Company shall be elected by
the stockholders at the annual meeting of the stockholders - and
for the term of one year thereafter - and shall hold their offices
until their successors are elected and qualified.

4 The Board of Directors shall hold a regular meeting on the first
Tuesday of each month at 10 A.M. and may hold special meetings
whenever same are called as directed by these By-Laws.

5 A majority of the Directors shall constitute a quorum at any
meeting - but a smaller number may adjourn a meeting from day to day.

6 Special meetings of the Board of Directors may be called by
the President or by any three members of the Board.

7 All vacancies on said Board shall be filled by the Board
at a regular or special meeting.

8 The Board of Directors may appoint an executive committee of
three stockholders of the Company and confer on them such powers and
prescribe such duties as such Board of Directors may deem proper - not
contrary to the act of incorporation of this Company or these
By Laws.