The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-01-09
IN THE OIL FIELDS
Office, 624l w. II. PECK Residence 2442

& Weckq. nm offor 10 purch1Ho, pro-
ylItd tho board OF directors ana
stockholdcrs of your company
should duly pouH"u, 10 dheolFc ll, AN
the ordinary shares ana preference
ghurua uf thr Union dra Petrol as
.dfDkIthumn Oabout G3 per ccn' ot
Iis total stock) owned by your com.
ptuy for Cush price thht would
realize approximately tb.6bS,OOO, al
.rr drdurfluR cOWfuleciuu 10 M"mrH
Luke. Banks ~ Weeks The hbov"
Union dos pctrolcg HhareA cost your
company IN round figures ~ 49,
| 600 Tho board OF directors carefully
lcousidcrgd tho offer ana concluded
| IL would bo FOR The best lntorcsis of
| the HtuckhuId'r4 uf your company 70
Iuuthorlze us proper officers 10 ac.
c,pt o. Contract haA boen entered
into accordingly
Tho oklahoma Producing & Re
| fnIuE corporation Of America has
IuufailndluK tI,uOO.OOO Of preferred
stock and t2U,GbO,O00 common stock
| After II took over tin l0usJ all %
| tho operating properties Of your
company your company became
/ puroy holding company and II
would have been in order 10 dissolve
/ 30 aud Distribute ita aHNcis, but for
| fhr fact Of tho ownership Of the
IlharrH above mentioned Of h .
! I uion dcs retruicS d'Oklahoma. the
| latter owning the preferred stock
land "a minority Of the common stock
lof the oklahoma Producing n Re
! Ifulug corporation of America. The
shares ~ the Union des PetrOlcs are
Ilu bearer form, are not dealt ~ on
Iuuy American exchange, and are
/ otherwise not In satisfactory form
| Tor delivery 10 American investors.
! llut now that your cOmpnny'B only
assets are to consist OF cash and two
ImilliOn ninc hundred seventy thou
lslnd G,D7O.OO0) shares Of the COM
mon stock Of the OklahoHp Produ"-
Hing a refining corporation OF
! America tthe operating company, II
lls believed that the best iutercsts
OF tho stockholders OF your com
lpnny would be served by diayolvlng
your company and distributing ita
aAsctH Upon such distribution each
lhuldor Of your company stock can
loxpect to receive. per share, about
two dollars and thirty cents f2 30)
lin cash and about one and one
fourth | i-D shares OF the common
lrtOCk Of the oklahoma Producing
a. NofininR corporation Of America
Your company. since lis inception
has paid regular yearly dividends o
ten per contum GO per cent?. while
tho corporation has paid regular
ldividonds Of eight per Ceutum Is pc
cent?, Application viii be made q
llat tho corporations common share
on the Now York stock exchange
ana n earnings continue 10 war
rant. 1t is intended that uuarterl'
dividends OF at least 4 per cent pc
annum shall bc paid
You are hereby notified tD tina
the board of directors OF the com
pany. ht meeting held January
1920, considered the hdvisnbility O
dissolving the company and dis
tributinR its assets ana duly adopte
the following resolutions:
Resolved that In the judgment @
tho board OF directors II In deeme
advisable ana most for the benof
, of the Oklahoma Producing a. Re
, filming company that the compan
/ should be dissolved, and to that en-
. and as required by law, that mee
~ Ing of the stockholders OF the con
, pnny to take action on this reaolt
q ton be aud n n hereby called
. be held nt the principal office
+ tho company at No II Wall stree
- New YORK city on the 26th day {