The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-08-15
In THE OIL FIELDS
ono. s24i, Residence a4ta. W. H. PECK. p o. Boz eas

}. W. H. PECK.

"3. The reilncr shall not be H.
able for loss ot. or damage TO, said
OH that shall be caused by the owner
or hs vendcc, by riot. by act ot God.
or by The elements, except FOR loss or
damage caused by fire, lightning and
tornado, and then only 20 the
amount Of the T. q. a. g. posted
price az tho tlms ~ loss.
49, Tho owner shall not sell and
shall not hnvu tho right 10 have de-.
llvored 20 him or to his order afpre-
said of or any phrt thereof until he
shall have served written notice
upon the fefluer by delivery OF auch
wTlttcu notice 10 the prcHldont or
|Huy vice president Of tho rCfincr at
ponca CIV oklahoma. notifying the
rennor that tho uwnor desires To sell
or havs delivered To him said oil or
some part thereof Whcroupon the
.r,fncr shall have tho option and
night 90 buy al the posted market
price Tor Continent oil posted
by tho Prairie OIL a. Gas CO.. said
oil or such part thereof as the owner
mas notified tho refincr the owner
desires To sell or have delivered TO
owner at the address given above
with lawful postage thcrcunto af-
nvrd, deposited la a United states
postoffiCe or mail box, wherein the
refiner shall state tho amount ot said
oil rofiuer elects 90 buy q. the price
in this paragraph provided The re
finer shall within 30 days after giv-
Ing its notice OF election TO buy such
oil or any part thereof as herein
provided, remit or pay TO tho owner
the purchase price therefor, loss all
transportation, storage and other
charges due by the owenor TO the re-
finer under the terms Of this agree
ment.
"9. n the reflncr. after notice by
the owner OF Its desire to sell or
have delivered to It said oil or any
part thereof. shall fail 20 exercise
It's option 10 buy said oil within the
time provided by preceding para
graph number hereof. the owner
shall have the right 60 sell and /or
have delivered said oil or any part
thereof TO it or It's order upon pay
mont OF the transportation, storage.
and other charges herein provided.
Provided, however. II the owner or
It's vcndee, OF said oil. shall not re-
ccive and remove the same from
said storage tanks within Is days
after tho failure OF the refiner to
purchase tho same. the owner or his
vendee OF such oil shall not have the
right 10 sell or have delivered TO him
said oil or any part thereof until the
refiner has again been given by the
owner or Its vendee the notice and
opportunity to buy said oil as In par
agrnph number hereof provided.
10. The maximum period OF time
the reflner agrees and shall be re-
quired 70 keep ~ storage said oil
for the owner and for its vendeo
shall be two years from the date
hereof md upon the failure OF the
owner and of It's vendee TO receive
said ore from the said storage tanks
OF tho reflncr, az herein provided,
for delivery thereof within two years
from the date OF this agreement the
refiner shall have tho right to pro-
ceed to sell without notice nt public
or private sale said oil at the best
price obtalnable, provided that the
refinor may purchase said oil or any
part thereof Mt such sale at the post
ed market price of the Prairie oil
n Gas Co. for oil In the Mid-Conti-
nent field. From the proceeds OF
the sale of said oil or any part
thereof under this paragraph made
by the refiner. the refincr shat de-
duct and withhold all transportation,
storage and other charges due to It
by the owner under this agreement
and shall remit ana pay the re
mainder OF the proceeds OF such sale
to the owner or his order.
IL. No assignment of any OF the
rights OF the owner under this agree
ment by him or sale OF conveyance
by him or any of tho oil covered
by this agreement shall be valid o."
| binding upon the refiner unless and
| ttvt, /,
sale Is In writing and indorsed upon
or attached to a duplicate executed
copy OF this agreement and filed
with the refiner.