Minutes of Houston Oil Company of Texas

33

Company including any or all of the timber certificates issued or to be issued by the Maryland Trust Company against the timber contract of said Houston Oil Company of Texas with the Kirby Lumber Company of Texas and from time to time to renew or extend said loans and to continue to deposit of such collateral to secure such extensions or renewals.

Thereupon upon motion duly seconded the following Resolution was presented seconded and unanimously adopted.

Third Resolution

Interest Warrants to be engraved by Maryland Tr Co

Resolved that the Maryland Trust Company be and it is hereby authorized to have engraved upon the interest warrants to be annexed to the certificates of beneficial interest under the assignment by this Company of hte timber contract with the Kirby Lumber Company a fae-simile of the signature of its Treasurer or other proper officer in lieu and instead of the actual signature of such officer this authority and consent to stand and be of the same effect as if provision thereof were made in the said deed of assignment.

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

Fourth Resolution

5% Commission to Maryland Tr Co for services

Resolved by the Board of Directors of the Houston Oil Company of Texas that the Maryland Trust Company be paid by said Houston Oil Company of Texas for the services rendered by said Trust Company in the organization of said Oil Company and securing subscriptions to the preferred stock of said Oil Company five per cent on all such preferred stock placed whether done directly by said Maryland Trust Company or others and the President of the Houston Oil Company of Texas is authorized to pay same in due course to said Maryland Trust Company.

There being no further business - upon motion duly seconded the meeting adjourned.

Secretary President

34

Regular Meeting August 27, 1901

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 Harris County Texas August 27th, 1901 at 8:30 pm.

A quorum being present to wit. B. F. Borner S. B. Cooper R. W. Weir E. J. Eyres Joe H. Eagle

the meeting was called to order by Mr Joe H Eagle who was unanimously elected chairman of th e meeting in the absence of the President and first Vice President.

Thereupon upon motion duly seconded the reading of the minutes of the previous meetings of hte Board of Directors was dispensed with until the next meeting of said Directors.

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

Authority to President to sign checks, etc.

Resolution

Resolved tha the President of the Houston Oil Company of Texas be and he is hereby authorized and empowered to sign all checks drafts bills of exchange or other orders or demands for money drawn or to be drawn by or on behalf of said Company and to demand and receipt for on behalf of said Company all moneys due or to become due to said Company and to sign on behalf of said Company all acceptances of drafts or bills of exchange that may be drawn on said Company.

There being no further business on motion duly seconded the meeting adjourned.

35

Regular Meeting August 31, 1901

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 Harris County Texas August 31st 1901 at 10 am.

A quorum being present to wit. S. B. Cooper B. F. Borner R. W. Wier E. J. Eyres Joe H. Eagle

the meeting was called to order by Mr Joe H Eagle who was unanimously elected Chairman of the meeting in the absence of the President and Vice President.

Thereupon upon motion duly seconded the reading of the minutes of the previous meetings of the Board of Directors was dispensed with until the next meeting of said Directors.

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

Appointment of Maryland Tr Co as Transfer Agent

Resolution

Resolved that the Maryland Trust Company be and it is hereby appointed transfer agent of the Houston Oil Company of Texas with authority to countersign certificates of Capital Stock of the Company either at its office in the city of Baltimore or at its agency in the city of New York. No certificate of stock shall be issued unless countersigned by the transfer agent aforesaid.

There being no further business on motion duly seconded the meeting adjourned.

37

Regular Meeting December 7, 1901

Be it known that at a meeting of the Directors of the Houston Oil Company of Texas held at the office of the Company in the city of Houston Texas on this 7th day of December A.D. 1901. A quorum being present Mr Joe H Eagle was elected chairman and the following resolution was passed to wit.

In re Issue of Timber Ctfs above $6,000,000

1. That the President of this Company be and he is hereby authorized to enter into agreement that timber certificates above the present issue of six million dollars will be issued only under assignment of Kirby Lumber Company contract to the Maryland Trust Company in payment at cost for additional lands that may hereafter be acquired by the Houston Oil Company of Texas.

Agreement not to box timber

2. That the President of this Company is hereby authorized to enter into a contract with the Maryland Trust Company not to box the pine timber growing on the lands of this Company for turpentine or permit same to be done with the timber certificate to be issued are fully paid.

Present Issue of Timber Ctfs to be based on reports of Experts of Brown Bros and Co

3. That the President be and he hereby is authorized to enter into contact that the said present issue of timber certificates shall be based on the estimate of timber on the lands of this Company made by an expert or experts selected by Messes Brown Brothers and Company.

There being no further business upon motion duly seconded the meeting adjourned.

Asst Secretary Houston Oil Company of Texas