New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-02-28

Pouchor John u. Rockefeller Lde X. Arter, Charles IN
q. eyr, William Rockefeller J. A. nostwfck O. b. Jen
nings Henry II. Rogers benjamin BrewsteN Charles
Lockhart w p Thompson ID. Bushnell. A. N. Mc0rcgor
J. j. vandererift. Thomas c. Bushnell, William H. Macy
William II. wardwcil, J. N. Camden William Macy jr'.
W. q. Warden, Henry L. Davis estate OF Josiah Mscy)r
Joseph L. Warden II. NJ Flagler, William Macy ,r.
executor Warden. Fried & Co.. Mrs ii. NJ. Hasier u
II. Payne, Louise @. Wheaton, II. NJ Hanna George W.
Chaplin, o. II. Payne. trustee. julia H. Gerk. u. NJ
darkness trustee Charles Pratt George H. NlA@
Horace A. Pratt NJ r Keith, George H. Chester tras'
tees s. v. Hardness, G. NJ. Pratt and George f. Ches-
ter tusee portion Of the stockholders and members OF
the following corpora and limited partnershpsto Wit
American Lubricatng OIL Co.. Inland Oil Co., Baltl-
more United OIL Co., Keystone Refining Co., Beacon
OIL Co., Maverick oil Co.. Bush Dnsow Manufact
uring Co., National Transit Co., Central Refining Co.,
OF Pittsburg Portland Kerosene Oil Company Co., CHEESE
brough Manufacturing Co.. Producers Consolidated Lard
and Petroleum Co., Chess Carley Co., Signal Oh
Works limited Consolidated Tank Line Co.. Thompson
Bedford Co.. limited Devoe Manufacturing Co.. Vacu'
oil Co.. H. C. Van Tine Co., limited waters
Pierce Co., Eclipse Lubrcatng oil Co., limited EN-
pire Refining Co.. limited Franklin Pipe Co., limited
Galens OIL Works. limited, sana Farm OIL Co. limited
Germania Mining Co.. also stockholders ana members Vi
other corporations and limited partnerships VINO INA,
hereafter join this agreement at the request OF 'he
trustees herein provided for ~
FORMED UNDER THE LAWS OIL FOUR STATES
! The parties hereto agree 10 FORM
corporation under the laws OF ohio NOW I'm
PENNSYLVANIA and New-Jer,ey The purposes ana powers
facfure refine and deal petroleum and oil Tvs p'"n"c'S
and all the materials such business ana uahsac'
other business collateral thereto Such o'her pup''0
and powers shall embraced In the several charters as
shall seem expedient These may be restricted
Whenever deemed Advisable by the trustees similar cor
poratons may formed in other States and Territories
Each corporation shall be known as the Standard OIL
Company OF such State or Territory.
The capital stock OF each corporation shall be fixed
such seem necessary to its organizers
The shares OF each corporation shall be issued
only for money property or assets equal 10 the par
value OF the stock delivered therefore
All OF the property. and business Of each cor
poraon mentioned shall be transferred 10 and vested In
the said several STANDARD oil companies correct schedules
OF such property, assets and business shall accompany
transfer Whenever the stocks OF corporation
vested in said steps may be taken 10
have all OF the money and property assigned ana con-
veyed the Standard oil Company of the proper sta'o
which the shall receive stocks oil the
Standard Oil Company OF equal amount.
TRUST CERTIFICATES TO BE DELIVERED
The cons deratlon any stocks delivered to said
trustees shall DO delivery OF trust certificates equal
at par value par value OF the stocks Of the SAID
several STANDARD oil companies, and equal to the ap
praised stocks OF other companies or part
nershps delivered said trustees The appraised value
determined by the parties at Interest and SAID
trustees. The said trustees may with any trust unds
In their hands in addition the mode already provided
purchase bonds and stocks OF other companies en-
gagged In similar business hold the for the bene
OF said certificates and may sell,
assign. transfer and pledge such bonds and stocks
they may deem it advantageous TO said trust
to d..
The number Of trutees shall be nine j. D. Rockefel-
Ter. o. H. Payne and William Rockefeller are appointed
trustees hold Office until the first "Wednesday Of April
1855; J. A. Bostwick, ii. NJ. Fiagler and w. o.
Warden until April 1884 Charles Pratt Benjamin
Brewster ana John d. Archbol1 until April, 1853
Elections for trustees shall be held annually 70: terms
of three years except where vacancy Trustees
shall be elected by ballot by OF trust certificates
which have stood In their thirty days prior 20 the
election. The majority OF shares represented shall elect
Special meetings may be called by majority OF the
trustees call Of 10 cent Of tho certificate
holders Bylaws may be made, amended and repealed
at any meeting by majority OF the trust certificate
holders provided the essential nten and purposes OF
this agreement be thereby changed.
CERTIFICATES TO DE HELD IN TRUST
The par value OF the certificates shall
be 500. and shall be Stand
ard OIL Trust certificates. No certificates shall
be issued except for stocks and shall be held In trust
The certificates issued shall be the evidence OF
the interest held by the several parties in this trust The
stocks OF the various Standard Oil companies held by said
trustees shall be Sold assigned Transferred by said
trustees by the beneGciarcs, both combined, SO
long as trust en1ures. The stocks and bonds Of
other corporations held by said may by them
be exchanged sold and the proceeds distributed pro
holders certificates said proceeds
may held and Ieinyested by said trustees for the
purposes and uses OF the trust
1t shall be the duty of the trustees to receive all
dividends and distribute all moneys and keep separate
OF receipts interest and dividends and OF
receipts sales transfers OF property, and
render the holders Of certificates statements thereof
The majority Of trustees whenever stocks bonds have
accumulated In their hands their values Increased may
increase the extent of
such increase accumulation and divide the among
certificate holders.
SALARY OF THE TRUSTEES.
The trustees shall exercise general supervision
the affairs OF the several STANDARD Oil companies They
shall elect directors Of said company and may elect them
selves such positions The trustees may employ and
pay all such and attorneys they deem
in the management Of the Each trustee Shall be
entitled salary exceeding s25 900 year, except
the president Of the board who may be voted salary
exceeding 600 per year. All salaries and
pcnses shall be paid from the trust fund The trustees
shall their principal ONE In the city Of NewYork,
place OF safe deposit said city the bonds
and stock shall be kept.
At each annual meeting the shall render
statement affairs the If termination
the be agreed upon the trustees shall furnish
the holders Of certificates true and perfect inventory OF
all and other property, and statement Of the
affairs Of the various companies whose stocks held In
trust
This shall continue during the lives Of the trustees
and Of the In this agreement and for
twenty thereafter provided however that II at
any time after the expiration Of years thirds Of
all the holders in value IT, after the expiration OF
year. ninety per all holders OF
certificates shall, meeting Of holders Of trust certn
called purpose terminate this trust
at some time be by them then and there fixed they
may at the same or subsequent meetings decide by
vote twothr1s the mode in which the affairs of the
trust s6. he wound up ana 'S property ai'po'oa anu
This agreement and the registry Of certificates books
accounts other books and papers OF the trust
shall Dc safely kept at tho principal Office OF the trustees
THE PRESBYTERIAN CLUB MEETS.