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Minutes of a Regular Meeting, June 22-23, 2004 - Digital Collections

Minutes of a Regular Meeting, June 22-23, 2004 - Digital Collections

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REGENTS’ POLICY MANUALSECTION 4—FINANCE AND MANAGEMENT4.20—OIL AND GAS CONTRACTSThe Chair <strong>of</strong> the Board <strong>of</strong> Regents, the President and the Executive Secretary <strong>of</strong> the Board <strong>of</strong>Regents, acting for and on behalf <strong>of</strong> and for the use and benefit <strong>of</strong> the Board <strong>of</strong> Regents, are herebyauthorized to execute on the behalf <strong>of</strong> the Board <strong>of</strong> Regents, all Division and Transfer Orders, oil and gasleases, and all sales contracts affecting oil or gas belonging to the Board <strong>of</strong> Regents for the use andbenefit <strong>of</strong> the Board <strong>of</strong> Regents in any capacity, which Division and Transfer Orders, oil and gas leases,and sales contracts are necessary to be filed with any person, firm or corporation with which said Board<strong>of</strong> Regents may do business; said <strong>of</strong>ficers being hereby authorized to sell or lease or reject <strong>of</strong>fers for saleor lease <strong>of</strong> all oil and gas now in the custody <strong>of</strong> any person, firm or corporation or which may hereafter begiven into the custody to the credit <strong>of</strong> said Board <strong>of</strong> Regents.(RM, 6-6-63, pp. 7417-18; 3-29-00, p. 26909; 1-27-04, p. 28924)THE UNIVERSITY OF OKLAHOMA 261

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