The Caucasian. (Shreveport, La.) 1900-192?, 1910-05-29
$500 cash.

I$5oo cash.
Bid of L. Z. Etchison for lands in
northwest quarter OF southeast quarter
of southwest quarter and the south half
of northeast quarter of southeast quar-
ter of the southwest quarter of section
26, and the west half of the northeast
quarter of the southeast quarter of the
southwest quarter and the west half of
the southeast quarter of the northeast
quarter of the northwest quarter of sec
ton IS, township 2I, range 10 west;
bonus $4,000 per acre.
Letter from Charles P. Johnston, at
torney, of date May 3rd proposing TO
recover lands in the levee district was
read. On motion the matter was re-
ferred to Mr.. Heilperin to investigate
and report Carried.
In considering the foregoing bids in
executive session, the following action
was TAKEN
Mr. Lanes bid after discussion was
amended to $4,000 per acre and a roy
atty of Is on wells of 200 barrels and
10 on any excess. On motion the above
bid as amended was accepted and the
president authorized to sign lease. The
LAND to be surveyed and any excess of
90 res to be paid for at same rate, and
any shortage of 90 acres the lessee to
be reimbursed at same rate.
| Bid of L. E. Etchison on land in sec
ton s, township 20, range IS, was re-
jected
Bid of L. E. Etchison on land in sec
lions 26 and IS, township FL, range 10,
accepted and the president authorized to
sign lease. Carried.
The following resolution, duly second
ed, was offered by Mr.. Heilperin:
By Mr.. Heilperin, seconded by J. NJ.
Robinson
Whereas, under the various grants
from the State of Louisiana, this board
holds i'll trust thousands of acres of land
in the Parish of Caddo lying within the
limits of what has been proven to be
one of the large oil fields of the world
and,
Whereas, this board has recently re
ceived as cash consideration, in add
ton to the royalties promised, for por-
tons of such lands leased to various
parties who propose to develop the same
for minerals, sum in excess of one
hundred and twenty thousand ($I2oooo
dollars; and
Whereas, the present development
makes the belief almost certain that the
royalties from oil accruing to this board
under its existing contracts will in
short time produce revenues sufficient to
retire its bonded Indebtedness, enable it
to reduce its taxation and at the same
time to complete and maintain its levee
system, besides enabling it to do such
other work of public Improvement as it
may be authorized by law to undertake;
and,
Whereas, it has a great number of
hundreds of acres yet Unbiased; and,
Whereas, in the opinion of this board,
the oil industry in Caddo Parish has
been of untold benefit to the people of
the parish and promises to bring great
future wealth to its people; now, there
| fore,
Be it resolved, by the Board of Com
missioners of the Caddo Levee District,
that we do protest against the enactment
of any such laws by the General Assem-
| bly, of this State as will harass, hinder
or seriously impede the free production
of oil in the Caddo oil field; and that in
our opinion, any law which will prohibit
the escape of gas from wells which pro-
duce oil in paying quantities, or which
would prohibit the use of gas for flow
ing oil in paying quantities from any
well, would SO result; and, therefore,
we respectfully petition the General AS
sembly not to enact such laws as have
been suggested along these lines.
Secretary Ker1ey reported result of
trip to Baton Rouge and on motion the
president was authorized to remit to the
State treasurer $64s7527 and draw
warrant for same amount. Said warrant
70 cancel and mutilate warrants Nos
ESQ, Isl and 253, previously drawn
Owing to the increased labor occa-
stoned by land leases, rents and royalties
on the oil district, the board, on motion
OF }. M. Robinson, duly seconded, fixed
the salary of the secretary at $500 per
month, beginning June I, 1910 Car
ried.
there being no further business, the
board adjourned subject to cali of the
president.
w. V. ROBSON, Pres.
5. n KERLEY, Secretary.