The History of the Standard Oil Company/Volume 1/Appendix/Number 6
NUMBER 6 (See page 63)
STANDARD OIL COMPANY'S APPLICATION FOR INCREASE OF CAPITAL STOCK TO $2,500,000 IN 1872
To the Secretary of the State of Ohio:
The undersigned, being a majority of the Board of Directors of THE STANDARD OIL COMPANY OF CLEVELAND, OHIO, do hereby certify that on the first day of January, a.d. 1872, at the annual meeting of the stockholders of said company held at its office in Cleveland, Cuyahoga County, Ohio, by a vote then and there taken, all the stockholders of said company being present and voting therefor, it was resolved and agreed by each and all of them, that the capital stock of said company be increased the sum of One Million Five Hundred Thousand Dollars, thereby making the capital stock of said company Two Millions Five Hundred Thousand Dollars, which action of the stockholders was as follows, to wit:
Resolved, and it is hereby agreed by each and all of us, that the capital stock of this company, namely, The Standard Oil Company of Cleveland, Ohio, be increased to the sum of Two Millions Five Hundred Thousand Dollars, and it is also agreed, and the proper officers of the company are hereby instructed to take the requisite steps to so increase said capital stock.
John D. Rockefeller, O. B. Jennings, B. Brewster, William Rockefeller, S. V. Harkness, H. M. Flagler, T. P. Handy, S. Andrews, A. Stone, Jr., S. Witt, Stockholders.Cleveland, O., January 1st, a.d. 1872.
And afterward said meeting was adjourned. Henry M. Flagler, Secretary.
And we further certify that the whole amount of such increase of capital stock has been paid to said company, in money, that no note, bill, bond, or other security has been taken for the same, or any part thereof, and that the credit of the company has not been used directly or indirectly to raise funds to pay the same or any part thereof.
IN WITNESS WHEREOF, We hereunto set our names at Cleveland, Ohio, this ninth day of February, a.d. 1872.
John D. Rockefeller, Henry M. Flagler, Samuel Andrews, Stephen V. Harkness, Directors.