Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1920-01-15
THE ORGANIZATION
NOW PERFECTED
North Mississippi Oil & Development
Company Organized With SlOO,ooo
CAPITAL Stock-Drectors Elected.

AT a meeting of the stockholders OF
the proposed North Mississippi Oh
and Development Company Monday
the organization was perfected ana
directors elected. The charter is puo-
hshed in this number of the Eagle
and as soon as the required number OF
publications have been made the sec
retary of state will issue the charter
of tae new corporation.
The capital stock Of this company
is placed at 100000, which will be is
sued certificates in blocks of ten
shares or more to those desiring stock
in the company. Little effort has
been made to place stock as it Is
eagerly being sought land it is believed
that the entire capital stock will be
taken, mostly by local people.
Directors Elected.
Tie following gentlemen were
elected as directors Of the North Mis-
sissippi Oil and Development Com
pany: Messrs. c. A. McCharen, I'll.
Friedman j. C. Hartsfield, j. A. Parks,
Lee Baggett, G.. w. Price. The off
GERS of the company were elected at
a previous meeting, the names OF
whom appeared in the Eagle last
week.
Drilling to Start Soon.
Field Manager Bates stated to an
Eagle representative that he would
be greatly surprised and disappointed
il the drill was not started within the
next sixty days. Mr.. Rawdon Bates
the field manager, is an expert in oil
fields. He is now locking forward to
ordering the drill and locating the
place where it will be set up for the
test well. Just where it will BE lo-
Gated is speculative, and will not
S be made known until an expert geolo-
gist has gone over the lease holdings
of the company. This very import
ant man will be on the job in a few
days during which time leases are be-
ing secured by the company.
1t has been decided that the Stand
ard type of drill will be purchased. II
is said by experts that this is the best
drill for putting down test wells.
The Rotary type it is said, is the most
rapid, but as thorough test for other
minerals will be made the Standard
was decided on.
Stock Selling Rapidly.
While there has been but little eff
forts put forth in the short time the
company has been organized, stock is
being placed at a rapid rate and the
men who have this phase of the bus
mess in charge are very optimistic
in expressing the belief that the entire
block of the capital stock will be
placed soon. Local buyers are seek
ing the stock, while many enquiries
have been received by the company
from people in Texas, Oklahoma, Lou
isiana and other states, asking for in
formation. It is known by oil experts
that in event oil is found in paying
quantities that the stock will advance
many times it's present valce.
Offices Secured.
Offices of the company have beer
secured and any person wishing tt
consult Mr.. Carter, the secretary O.
the company, or Mr.. Rawdon Bates
the field manageE will find them a
the County Demonstrators building
north of the square.
Meeting Next Saturday.
A meeting has been called for
o'clock Saturday afternoon at tn
court house, at which every persol
who is interested in the development
Of the oil fields of this county j
urgently requested to be present. Thi
is a public meeting and the genera
public is invited to attend. Much val
liable information will be given ou
at this meeting. Be on hand pramptl
at / o'clock.