upr000145 98

N On motion duly seconded, the resignation of W. S. Ure as Treasurer was accepted, effective as of September 15, 1941. The election of a Treasurer being in order to fill the vacancy created by resignation of W. S. Ure, on motion duly seconded, Scott Lord, of Omaha, Nebraska, was nominated and unanimously elected to office of Treasurer, effective as of September 16, 1941. On motion duly seconded, it was RESOLVED that the following amounts are reappropriat­ed for expenditure during year 1941 to complete projects here­tofore authorized, involving capital expenditures: $88,327.83 for items costing $1000 or more, as shown on Carry-Over Statement as of December 31, 1940; 1,290.55 for items costing less than $1000, as shown on Carry-Over Statement as of December 31, 1940; 3,459.52 for drilling oil well and construction of oil handling facilities at Wilmington, California, originally authorized by APE No. 5, April 6, 1937. On motion duly seconded, the following resolution was unanimously adopted: RESOLVED, that standing authority is hereby granted for the President or the Vice President of this Company to execute in the name of the Company applications to such surety companies as they shall approve for surety bonds re­quired in the prosecution of the usual business of the Com­pany, and to execute, in the name of the Company, as -2