HomeMy WebLinkAbout2643
_ ~o~. 3"2 r\r~ 499 " ,
(II) ..\gf,"m~nt dat.f:!od F~bnary 6, 1~53, betWHB Thu Mannt: (,athetlllK Comp.,<ny (lnd Nla~.
aIII G&!i Trar.;illlL>>i<.m CO!iip&li)'. all anl~nd~1 hy ^&re<-ffi(:r.1.s dJlt~ i-.C'bruiHY li, 19:>3 and
Mart'h 20, 1~53
(Ill) Ag~mt'f\t Rel.atlo;t To Contracts datP.d Januu}' 2, 1957, b~twft~n The Manne Gathcrlll~
Company and Thto Pure Oil CQmpany and Tenrl~ (ias Tra.nsnH~lon Company
(iv) Hydn,l('aroon Gilthirnng and Sepnatillg Agre(!mt'nl d&t~ January 2, 1957, b('twl~1l Th~
Mamw <";&thumg Comp.llny nnd 'I"ht' Pure Ou Compa.n)',
(v) Al'(I"<<\ll('t\t dilt~1 Man.-h 15, 1950, ~t"t!'P.n Th(: Manne Galherlng Ctllllpany Slid The Pure
011 Comp.an}', IOdudlllg Supp!t'm4tot.a! lInd C~lng,heQd Agret'menu uf Murch 1:>. 1\.150, Cl...i
amend~ by Aj{n~!:wf1t~ ,tat~1 t'E'brullry 13, 1953
(vi) ;\greement datt.>d MJarch 16. 195>0, betwt~n 'Th~ Milnne Gathering Com~n)" <HId T(,llne~""~,"(,
(iu TranSllHMlon Cvmpany M amended by Agj"~~lIi('ll\.:j d"led April i, 19~, Apnl 2", iUS(!, Feb.
ti.!UY 6, 19503 and Apnl 28, 19~.
('.'it) Agft."elHt'nts ..'\ to ~a...'S lake llUjlUtllifots for Hogh~I)'oU ..nd RollovCl' F'!{~ldj dilled S(:ptt'lI\o
lx-r 22, 19~8 and &>Plt'mbcr 24, 19:>8.
SI...\;jt"Ct to lJabllilii''j !-t',,'urt'd 'by hens on Wild prol->4.'rtlcs a~ of the di.le lif tin., illlll"lidment,
or allj' rdundlllt; ur r('licwi!l of said lwblhUes,
(0 The t':<1:n "~M KuthNHlR IOCO:!W" fur 8 partICular periIXi !lhallllwt\TI the \,,1,11 t('\,\'IiUFS Ute nllll~
tl) the C{~t1x)tatH)n fi'l'IH tht' opt'HUlOn (If Ih{' R.i!'1 !?alhenng a~..'\et11~!.S oil opet.llm~ /In!! Iit'I;('p"'I'.liln~ .'x-
pcn.<,(-j. properly allocilb!{' In the ol---eration of I?W gus gathl'fll1g ft~'j."'ts, Indudlllg t:'XP(':.dl\UH." f'J[ 1111,
provf'rne-nts, t'xtt'n..'l:Oll.~, rt'pairs (whether cDpltal or ortllftafY) and rnalnlen.'Ul{,(' r.\'t'e",',nr Yilt udVI"i.bh'
te) In,llntain tllS! olX'ra\lnJ; dliciency of ~id Rut'U (pft"lidN:.!, that If any !>U,fl ,'xp~ndlt'.lf{'~ lIrt", III lit'.
curJarK~ with wund ..n:oulltl:lJ.; prli<:!ilt' l't1n~id!'r(d to be U \:upit<ll ('Xr>('lIdlltlf.. allt! ~""h Llplt;d "".
t>t'l)llltU{t'$ t')(l:~e'd III tilt: ag.gft'!;ate the !lum of S2~"OOO in any q\litrter-yeilrly dlvlden,l j1'l'fIIJJ, Ih..'n :,urh
ellPt.ndituH'!l ~hall \ff ilmortl:l.('(i ovef the usdul life of the capital illlPton-mnll or o\'ef tilt' 1}('T;..d
t'(,tw('i:'O the 11m!' !luch (')l.p<'nditur(' h Illud(. and Ik('('mlJt'f 31, 1981 WhHhl'\.'r L~ till' I"..,er !'<'i'l,)(! and
d<"ltuction from 10101 r('>,t>nut'S rc;.!ult:lli( frolli liudl I'xr;('mhtur;:o, shl111 nol l'XllC('<! In ;InY '1IJilrlt'f'}'I-;1I1y
dividend p€'uod th(' amount of d(pf1..'clallOlI or QlIWr\IZk.tWll AC~tlil1l8 thCIt.'on dUring such ~>('rll,o) and
accruals lor \.QX('7j (oiht'r than lOCUliI(' alld ('XU'"," profits ta,'It's or otill'r tu>.e~ whkll me 1fl;j'Il:,t.d UlI
Income aft~r the rlwUttll)n 01 inl('r('~t ,hilr~t's), but ~xdudillft 1111 <lpprllpl'lati\Jll!> fur dqH,.t'I;II.IIIl, .II"
plet~i)n, arnortiUilion or property rdifo:o:m'nt nlld illllOlen,>s\ (h;ug('~ Ga'\ ~alhl'Tlnj{ l!1ClIllle ~dH.lI il{' dp,
t('jilllr,lf"d in iKClHJ~IH:t' With ~ound tlCt"t'Ulltlllg pra,tlc(-!;; provllk.J. how('ver. th..l {'If pllqjol'~l'.'j of ~urh
determmatwn, thB amuunt of gt'llt'ral am! ildmmil>lr<!tlvt' (,Xp':.'n~ alh.....-uted 10 lhe operdlwll ,;f the )(iI~
giltiv.'nll)( &.~ellj !t~lI nol ('xCt,t:d th~ !ium of SH,250 hr ony '!uan;:royt';jdy dlVidl'tlli period
{g) Thf' "A~~l'i'" and "HaIJillup"," of the ulq.,ralwll ill, illlY date lihalll..... ,\(,t<'rTllilwd il<.l!ll the !'.,ok,
of tict:ount ()f thl? coq,),Hdllon IHi!\lltalll("\.! HI uc,'I,rdcllct' With SDlInd ilCCfJllntlng pf<1cll<'t', find ~hilll \:<<.
!>urh as aH~, in iH::C(lr<Uu1t'E' tht'H'wlth. pr.-perll' If:lllldHI PI i! hul..r~c~ !ht't'l of the rnrporatl(i!\
(h) Any df'termll\fltioll mad., hne\lllder by Iii\' md('~){!ndent pub!!c ilCt'QIJl\\Unh rq:ubrly l.'mpl,,)'f'<!
by tlit' corporation to audit II) bO'OK!l l<h81l \)(' pfl'MJlnptl\'t'ly Ci)rr~t flnd ihl' dUf'ct"'~ [;11I! .,ili~('rs I,f Illl'
corporQt:ofl l.hitll not he IHlhle {or tlny Ht;lwn lakt'n in j{ood faith iI\ rt'iHlOcc upon flllilllcwl \!dkmCI.h
or otht'r mformll.tion audl\{,d or !uriil!>h~i hy salll IHTQUntJll\tll
J3,
Slihjee':t io th(' \Jrior fight>; ,of i'rt,kn('...l ~i...( k. ,et fnl'th In Plitt A ,.f 1111\ Artld~ IV tllld!!l \h.. londi.
hOlHI t.ct forlh tht'r<'IIl, ftlld no! (;thl"rwi~e, s\lch dl\'i(h'l\d~ (p"ynble in CiL,h, !>t'x:k 01 olh{,IWl',t>) ;'-~ Iliay
~ d..h;rnum-d by tiw H'.'drd lJf DHc,cton fl~'>' be de,dilf{'(i and lhlid on COlllllHtf\ Stco<.:k f((.m IlIne \II
hm~ ..,ut d an:.' lund." li'i':ilil>' aVlHlabi(' tt.l"l{'!ur
Subjed ~.) tht' pr(;Vl~!OnS of Pilrt A .,f tIll' Artid,. IV. ttH' hoidt't5 of COlnrnon Stock ~h;,ll ho:; ('Il.
tltl~i Ii.) (lllf;! vo\,- for lO'Iich shIH€:' held at iill ll\1':i'liIlg~ of th~ ~!oddlOld"r:l 01 lilt' cMp',rdLor!
Aftorr r-eym.enl !hai! b......" ~('Il MIHl" in hlll'n IhE' h"ldNl\ of Prdl'H"d Sind.; \fl thl' {".I'Il! of IHW
bqIJidatl()fl. dlMoiution or windmf, tip of the i1ffairi of tht> ('otT-~rlltlon, Ihe r"fiHllnll1~ &!>'>('H and iup.d'i of
till' emporallon shaH lJOf! dl1itnbuted .l!mong ~hl' holdet~ of Common S!<}f.k !lcf:orJl1;/l, 1(, ,ht'lr r....~X'('ll\f'
';,At"'~
17
~ ;: ~i ~:-'t~_ -
~_~",-~,.'-":.'-;"'''';'~~~.,_.-.:-..-.o.-_,,,,,,-,__
'-. '......