In accordance with Louisiana Civil Code Article 446, notice is hereby given that SALEM UNITED METHODIST CHURCH, an unincorporated non-profit association in Lincoln Parish, Louisiana, will hold a Special Meeting of the Members and the Board of Trustees at the Salem United Methodist Church, Lincoln Parish, Louisiana on April 15, 2012 at 11:00 A.M. for the purpose of adopting a Resolution by a majority of the Members and Board of Trustees providing for the following, to wit:
That the SALEM UNITED METHODIST CHURCH enter into an Oil, Gas and Mineral Lease with WILDHORSE RESOURCES, L.L.C., of Houston, Texas, dated April 15, 2012 covering the following described property owned by the association, to wit:
TOWNSHIP 19 NORTH - RANGE 4 WEST
Section 16: Beginning at the Northwest Corner (NW/c) of Section 16, Township 19 North, Range 4 West and run due South to the Southern boundary line of the Right-Of-Way of the State Highway #228 where the starting point is found; thence run due East 70 yards, thence due South 70 yards; thence due West 70 yards; thence due North 70 yards to the starting point. Containing one (1) acre, more or less.
That the lease provide for a primary term of three (3) years, a one fourth (1/4) royalty reserved to Lessor, and a cash bonus consideration of $200.00 due and payable by check upon execution of the lease; said lease to be on Louisiana Spec 14-BR1-2A-NL SEG Paid Up R2/99 lease form and include certain special provisions as agreed to.
That Glen Neaville, Chairman of the Board of Trustees, be and is hereby authorized, directed and instructed to execute said Oil, Gas and Mineral Lease for and on behalf of this association and receive and receipt to the proceeds hereof.
2td: March 23,2012 & April 9, 2012.