Minutes - 147

And a recess of said meeting was taken until 2:00 PM Thursday, October 22, 1903

October 22, 1903, 2:00 PM: The Board of Directors met, a quorum being present, viz:-
Thos. H. Franklin,
S. L. Shober, Jr.
Jay. O. Moss,
F. E. Marshall,
S. B. Cooper
Chas. L. Atterbury,
J. A. Whitaker.

And a recess of said meeting was taken until 1:30 PM Friday October 23, 1903.

October 23, 1903, 1:30 PM: The Board of Directors met, a quorum being present, viz:-
Thos H. Franklin,
S. L. Shober, Jr.,
Jay O. Moss,
S. B. Cooper,
Chas L. Atterbury,
Thomas U. Mulally,
Patrick Calhoun,
J. A. Whitaker

Thereupon the Committee appointed by resolution of this Board on the 3rd day of February, 1903, to report upon method of liquidation of certain obligation of this Company to Patrick Calhoun, regarding the retaking by him from the Kirby Lumber Company of 9,464 Shares of the Preferred Capital Stock of this Company, submitted the following report:

To the Board of Directors of the Houston Oil Company of Texas:

The undersigned Committee appointed by resolution of the Board of Directors passed upon the 3rd day of February, 1903, to report upon method of liquidation of certain obligation of the Houston Oil Company of Texas to Patrick Calhoun, growing out of the retaking by him from the Kirby Lumber Company of 9,464 Shares of the preferred Capital Stock of the Houston Oil Company of Texas, heretofore subscribed for by the said Patrick Calhoun in order that same might be conveyed to the Kirby Lumber Company, beg leave to report:

That it is the opinion of the Committee that the stock so retaken should be returned