The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-02-09

iully as they may be authorized to do by
tneir respective charters, provided only |
that no stock be issued therefor except to
said trustees
H. The consideration for any stocks de- |
livered to said trustees as above provided |
Tor, as well as for stocks delivered 20 SAID I
trustees by persons mentioned or included |
w class third of this agreement, shall be |
the delivery by said trustees to the per-
sons entitled thereto OF trust certificates |
hereinafter provided for equal at par
value to the par value OF the stocks of
the said Standard Oil companies SO re-
ceived by said trustees and equal 10 the
appraised value OF the stocks of other
companies or partnerships delivered TO
said trustees. CThe said appraised value
shall he determined in a manner agreed
upon by the parties In interest and the
said trustees) 1t is understood and agreed,
however, that the said trustees may with
any trust funds In their hands. In addition
to the mode above provided, purchase the
bonds and stocks OF other companies en-
gagged In business similar or collateral to
the business OF said Standard OH com
panies on such terms and In such mode
as they may deem advisable and shall
hold the same for the benefit Of the own
ers Of said trust certificates and may sell
assign transfer and pledge such bends
and stocks whenever they may deem 1t
advantageous to said trust so 10 DO
Ill. The trusts upon which said stocks
shall he held and the number powers and
duties OF said trustees shall be as fol-
lows:
J. The number Of trustees shall be nine.
. J. n. Rockefeller. o II. Payne and
VIM. Rockefeller are hereby appointed
trustees, to hold their Office until the first
Wednesday Of April A. p. 1885.
g. j. A. Bostwick. II. NJ. Flagler and w.
G. Warden are hereby appointed trustees.
to hold their office until the first Wednes-
day Of April A d. 1884.
l. Chss. Pratt Bent. Brewster md John
! u. Archbod arc hereby appointed truss
tees TO hold their office until the frst
Wednesday of April, A. II. 1881
| s. Elections for trustees to succeed those
! herein appointed shalt he held annually,
| at which election n sufficient number Of
| trustees shall he elected to fill all vacan-
| Giles occurring, either from expiration or
| the term Of the office of trustee or from
| any other cause, All trustees shall be
! elected to hold their Office for three years,
except those elected TO oil II vacancy aris-
/ ing from any cause except expiration of
! term. who shall he elected for the balance
| of the term Of the trustee whose place
! they are elected to I'LL. Every trustee
shall hold his office until his successor is
! elected,
8. trustees shall he elected by ballot by
the owners Of trust certificates or their
| proxies AT all meetings the owners Of
trust certificates who may he registered
| as such on the books Of the trustee may
| vote in person or by proxy and snail nave
one vote for each and every share OF trusl
certificates standing in their names, pu'
no such owner shall be entitled TO vote
upou any share which has not stood In
his name thirty days prior to the day APP
| nointed for the election The transfer
books may be closed for thirty days I'M
mediately preceding the annual olccnoh
A majority of the shares represented a
such election shall elect.
Z The annual meeting of the owners o.
said trust certificates for the election o
trustees and for other business shall b.
held at the office Of the trustees, In tn
city of New York, on the irst Wednesua!
of April of each year, unless the place
meeting he changed by the trustees, mn
said meeting may be adjourned from IA,
=. ! 10 day until its business IS completed
snectal meetings Of the owners Of SAT-
trust certificates may be called ny IN
ma io,ity OF the trustees at such hnr
and places as they may appoint IL siia
, also he the duty Of the trustees 10 can
special meeting of holders of trust Ger
tid,-,tes whenever requested TO do 40 by
pntition signed by the holders OF ~ pc
= cent in value OF such certihcates u
business OF such special meetings shall b
I connned To the object specified in lhe nc
+ ,,ce given therefor. Notice Of the 'lh
and place of all meetings OF the owner
of trust certificates shall be given by per
sonal notice as far as possible anu ny ~"
lie notice In one of the principal he"SPa
( ,,ore of each state in which "A Standard ti
,or,nan1, exists, at least ten days helor
such meeting At any meeting UhJo'l
o In value of the holders of trust crrthlV""
reuresonted consentins thereto ~ NV
E may he made. amended ana repeaieu, 'e
Tive 10 the mode Of election @l trustee
",,a o+,,er business of the holders OF trus
, nnrtidcates. provided. however that SAL
, 49,, i,,vs shall be IN conformity WIN th'
' agreement Bylaws may ui'o ne NAV,
, ,rnended and repealed at any tueHuut y
l and with the consent of maIu.'1S
/ en- az the holders of trust certinca'e '
= NHi' ,tar mis- agreement relative to ia
a,'a, ,,,vers and duties Of the trustee
. - a. otber matters tending 10 the lnpi
!, s,,i,,t .,rcomplishment of the ob1cc's /.
,iah Inc trust u created. proNld'u ON
. ,hat tho essential intents ana purposes
q iris agreement be not thereny cha"t'''
; u.,orevor a vacancy occurs in tn
y ia If trustees more than sixty day
i It.. ,o the annual meeting for the eie'
u Ito, Of trustees. It shall be the "u'E
: ,he remaining trustees to call meeV''
= If tho owners of standard OH trust eei
uacates for the purpose of elect1nE
- ,,,stoe ar trustees to fiji the va
- ,'',,, ar vacancies. If any vacar
= cH, occurs in the board OF trus
Al tees from any cause, Wihih SIX
l. DAYS of the date Of the annual meetlh
= sor INC election Of trustees, the vacanc
10 ;nq trustees or. ct their option, may r.
a main vacant until the annual election.
"A q II for any reason. at any Time
,rustee or trustees shall be appointed \