Salt Lake Tribune | 1918-04-02 | Page 12 | State is Enriched by Check for $3875

STATE IS ENRICHED Bf CM 53875 Texas Oil Company Settles With Secretary of State for Wyoming1. Special to The Tribune. CHEYENNE, Wyo., April 1. Because Deputy Secretary of State Frank H. Westcott, while glancing through an oil publication, observed that the amount of stock issued by the Texas Oil company of Houston, Texas, was $69,375,000. the treasury of the state of Wyoming has been fattened by that company's check for $3ST5. The deputy secretary of state called to the attention of the attorney general, D. A. Preston, that the Texas company, which operates extensively in Wyoming, had been authorized by this state to issue only $50,000,000 of stock. The attorney general notified the corporation cor-poration that it must comply with the Wyoming law requiring state authorization authoriza-tion for all stock issued, and the Texas company responded by filing a certificate certifi-cate of increase of capital stock from $r0. 000,000 to $Ga,37.",0O0. The filing of this certificate Involved the payment to the state of a fee of $:iS75. The increase of capital stock of the Texas company brought the total of oil stocks authorized by the state of Wyoming Wyo-ming since January 1, 1918, to $53,700,-000, $53,700,-000, the state during the period mentioned having authorized the Issuance of oil stocks at the average rate, par value, of 556,255 daily.