Page:United States Statutes at Large Volume 57 Part 1.djvu/399

 [57 STAT. PUBLIC LAWS-CH. 194-JULY 7, 1943 their several jurisdictions to promote the maximum ultimate recov- ery from the petroleum reserves of said states, and to recommend measures for the maximum ultimate recovery of oil and gas. Said Commission shall organize and adopt suitable rules and regulations for the conduct of its business. "No action shall be taken by the Commission except: (1) By the affirmative votes of the majority of the whole number of the com- pacting states represented at any meeting, and (2) By a concurring vote of a majority in interest of the compacting states at said meet- ing, such interest to be determined as follows: Such vote of each state shall be in the decimal proportion fixed by the ratio of its daily average production during the preceding calendar half-year to the daily average production of the compacting states during said period. "ARTICLE VII "No state by joining herein shall become financially obligated to any other state, nor shall the breach of the terms hereof by any state subject such state to financial responsibility to the other states joining herein. " ARTICLE VIII "This compact shall expire September 1, 1937. But any state joining herein may, upon sixty (60) days notice, withdraw herefrom. "The representatives of the signatory states have signed this agreement in a single original which shall be deposited in the archives of the Department of State of the United States, and a duly certified copy shall be forwarded to the Governor of each of the signatory states. "This compact shall become effective when ratified and approved as provided in Article 1. Any oil producing state may become a party hereto by affixing its signature to a counterpart to be similarly deposited, certified and ratified. "Done in the City of Dallas, Texas, this sixteenth day of February, 1935. "Whereas said Interstate Compact was heretofore duly renewed and extended for two (2) years from September 1, 1937, its original expiration date, to September 1, 1939; and, 'Whereas said Interstate Compact was again duly renewed and extended for two (2) years from September 1, 1939, its second expiration date, to September 1, 1941; and, "Whereas said Interstate Compact was again duly renewed and extended for two (2) years from September 1, 1941, its third expiration date, to September 1, 1943; and, "Whereas it is desired to again extend and renew said Interstate Compact to Conserve Oil and Gas for another period of four (4) years from September 1, 1943, its present expiration date, to September 1, 1947: Now, therefore, this writing witnesseth: "It is hereby agreed that the said Compact entitled 'An Inter- state Compact to Conserve Oil and Gas' executed in the City of Dallas, Texas, on the 16th day of February, 1935, and now on deposit with the Department of State of the United States, a correct copy of which appears above, be and the same hereby is, extended for a period of four (4) years from September 1, 1943, its present date of expiration, this agreement to become effective within those states joining herein when executed by any three of the States of Texas, Oklahoma, Kansas, Colorado, Arkansas, Louisiana, Kentucky and New Mexico, and consent thereto is given by Congress. 386

�