DRY FELT PURCHASE/SALE AGREEMENT

 

                                                                    EXHIBIT 10.3

                        DRY FELT PURCHASE/SALE AGREEMENT

         THIS AGREEMENT made effective as of April 1, 1995 (the "Agreement") by
and between United Roofing Manufacturing Company, an Alabama corporation,
hereinafter referred to as "United" with its principal place of business
located in Eutaw, Alabama, and Striker Paper Corporation, an Arkansas
corporation, hereinafter referred to as "Striker" with its executive and
administrative offices located in Houston, Texas.

                              W I T N E S S E T H:

         WHEREAS, United is a manufacturer of a broad line of organic
(felt-based) rolled roofing products primarily for sale to the residential
roofing market, with manufacturing facilities in the South Eastern United
States; and

         WHEREAS, since 1991 Striker has been engaged at its parent
corporations' Stephens, Arkansas plant in the business of recycling and
manufacturing of pulp product into paper-based felt and the asphalt saturation
of paper-based felt into rolled roofing products; and

         WHEREAS, all price and cost amounts referred to in this Agreement and
any schedule attached hereto, shall mean, and are hereby agreed to be
denominated in, U. S. dollars; and

         NOW THEREFORE, in consideration of the above recitals and the mutual
and dependent covenants and agreements contained in this Agreement, the parties
hereto agree as follows:

         1.      Term. Except as otherwise hereinafter provided, this Agreement
shall continue in full force and effect for a period commencing April 1, 1995
and ending November 15, 1995 (the "Initial Term"), and shall continue in effect
for an additional term commencing January 15, 1996 and ending November 15, 1996
and for successive terms commencing January 15 and ending November 15 of each
calendar year thereafter (each a "Renewal Term") unless and until either party
hereto elects to terminate this Agreement after the Initial Term by giving
written notice of termination to the other not less than 30 days prior to the
expiration date of any Renewal Term.

         2.     Provisions Regarding Dry Felt.

                (a)      During the term of this Agreement, United agrees to
purchase from Striker the minimum monthly quantity of dry felt set forth below
(the "Minimum Monthly Purchase Amount"):

              Basis Weight                      Minimum Quantity(1)
              ------------                      -------------------
      Heavy-Weight Dry Felt (31-551b)                 400 tons
      Light-Weight Dry Felt (21-301b)                  0 tons

- --------------------------
        (1) Note: Minimum Monthly Purchase Amount shall be 1/2 of the above
quantity for any 15 day calendar month during the Initial or any Renewal Term
of this Agreement.

according to the current specification parameters with respect to heavy-weight
dry felt currently being manufactured by Striker for United at the date hereof,
FOB Striker plant shipping point, at a purchase price per ton (the "Dry Felt
Purchase Price") as set forth in Schedule 2(a) hereto, and Striker agrees to
cause to be manufactured and to sell to United such Minimum Monthly Purchase
Amount of dry felt on the terms set forth herein and in Schedule 2(a).

         3.      Order and Shipping Procedures.

         With respect to orders of dry felt purchased by United from Striker
pursuant to Section 2, the following shall apply:

                 (a)      Orders. On or about the 28th day of each month during
the term of this Agreement, Striker shall deliver a sales order to United for
the quantity (not less than the Minimum Monthly Purchase Amount) and weights of
dry felt to be purchased by United from Striker the following month, which dry
felt shall be shipped to United in accordance with the provisions of Section
4(d). With respect to any month and with respect to which Striker is informed
in advance by United that it wishes to purchase a quantity of dry felt in
excess of the Minimum Monthly Purchase Amount, Striker agrees, in good faith,
to endeavor to furnish to United the amount of dry felt in excess of the
Minimum Monthly Purchase Amount for such month, to the extent possible within
the constraints of the manufacturing capacity of Striker and the level of its
prior third party customer commitments.

                 (b)      Invoices. Striker will bill United at time of
shipment by written invoice which shall contain the following information
relating to the dry felt shipped:

                 (i)      Description

                 (ii)     Quantity and basis weight, and

                 (iii)    Per ton purchase price applicable.

All local, state and U. S. federal excise, sales and use taxes, when
applicable, shall be stated separately on Striker's invoice.

                 (c)      Payment of Purchase Price; Freight Charges; Title
Passage. United shall pay Striker the Dry Felt Purchase Price, as the case may
be, of all dry felt shipped pursuant to this Agreement within 30 days after the
date of shipment thereof from a Striker plant to the location designated by
United (the "Designated Location"). Freight charges associated with
transportation will be billed as a separate line calculated at the current rate
per mile ($1.25), or at Striker's current rate at the time, if Striker is the
carrier. If Striker is not the carrier but arranges for an outside carrier's
services, freight charges will be billed as a separate line item on the
invoice. If United arranges for their own freight, no freight charge will be
included on the invoice. Any such transportation and related charges shall be
paid by United to Striker within

30 days from the date of shipment of the dry felt for which such freight
charges are incurred. Title to all dry felt manufactured and shipped by Striker
to United under the provisions of this Agreement shall pass to United at
Striker's plant shipping point at time of shipping. Risk of loss will rest with
the carrier while in transit and will pass to United upon delivery of product
to United's receiving location.

                 (d)      Shipments; Time and Preparation. Striker shall ship
to, or make available for pick-up by, United within 30 days of manufacture the
quantity and weight of dry felt purchased by and sold to United under the
provisions of Sections 2 and 3 of this Agreement. The dry felt sold to United
shall be suitably prepared for shipping by Striker, and such preparation for
shipment shall not be materially different than that done with respect to
shipments of dry felt by Striker to United before the effective date of this
Agreement. No charge shall be made to United for the cost of packing, packaging
and loading the dry felt. The cost of shipping to, and unloading at, the
Designated Location shall be borne by United.

                 (e)      Claims for Damage During Shipment. Any discernible
loss or damage to a shipment made or arranged by Striker pursuant to paragraph
(c) above must be indicated by a notation with respect thereto made by United
or the carrier's agent on the delivery receipt before the receipt is signed by
United. Notation must clearly specify the extent of the discernible loss,
shortage or damage. Concealed damage must be reported to Striker or the third
party carrier within five days from the date of delivery to United. The filing
of claims with a third party carrier for loss or damage in transportation must
be made within one month after date of delivery to United, or in case of
non-delivery, within two months after a reasonable time for delivery has
elapsed. If United desires the assistance of Striker in filing such claims,
United must report the claims asserted to Striker within a reasonable time so
as to enable Striker to comply with the carrier's requirements.

                 (f)      Quality; Inspection. All dry felt manufactured by
Striker for United shall be manufactured in accordance with the specifications
of dry felt currently being purchased by United from Striker as at the date
hereof and heretofore accepted by United. During the term of this Agreement,
United may elect from time to time to inspect any dry felt manufactured by
Striker for shipment to United hereunder during the time the dry felt is held
at Striker's plant in Stephens, Arkansas and pending its shipment to United. If
United elects to perform any such inspection, Striker shall provide all
reasonable facilities and assistance to United and its representatives for the
purpose of such inspection, without cost to United. At the time of any such
inspection, Striker shall make available to United and its representatives
copies of all dry felt specification letters and applicable inventory records
with respect to the dry felt to be inspected. If United should reject any dry
felt so inspected, United shall promptly notify Striker of such rejection in
writing, specifying in detail the reasons for its rejection. Striker shall then
have the option to replace the rejected and non-conforming dry felt or to make
an acceptable adjustment otherwise with respect thereto with United.  Any
representative of United sent by it to conduct any inspection(s) permitted
under the provisions of this Section 4(f) must be a full time bona fide
employee of United.

                 (g)      No Warehousing. All dry felt to be manufactured and
sold by Striker to United hereunder is to be shipped to, or made available for
pick-up by, United within 30 days of manufacture, and title thereto passes
hereunder at Striker's plant shipping point at time of shipment. If, however,
arrangements for shipping of dry felt are not made by United or United fails to
pick up any quantity of dry felt ordered by it hereunder within such 30-day
period, Striker shall not be obligated to store or warehouse any dry felt which
United has failed for any reason to make arrangements to ship or pick up within
such time period, and Striker shall promptly notify United of this fact and the
quantity of dry felt involved. If within five business days after such notice
to United, such dry felt has not been removed from Striker's plant premises,
Striker shall then have the right to arrange for storage of such dry felt at
United's expense off-site Striker's premises and at United's risk of loss.

         4.      Price Adjustments. During the term hereof, if there is a
market increase or decrease of 5% or greater within any month during the term
hereof compared to the immediately preceding month or interim monthly period in
the price of old corrugated containers, mixed paper, new print or other papers,
wood chips, sawdust, woodflour and/or other pulp materials (the "Raw
Materials") necessary to manufacture the dry felt to be sold to United under
Sections 2 and 3 above, then Striker will adjust the per-ton Dry Felt Purchase
Price set forth in Schedule 2(a) by delivering to United written notice of the
computed adjustment in the Dry Felt Purchase Price. In no event shall the Dry
Felt Purchase Price be adjusted to an amount less than the Dry Felt Purchase
Price determined under Schedule 2(a). Striker will provide 10-14 day advance
notice regarding the effective date of any price change. United shall have 5
business days from the receipt date of Striker's computed adjustment notice
within which to accept or reject Striker's computed Dry Felt Purchase Price
adjustment. If United fails to respond in writing within such 5-business day
period, Striker will assume the Dry Felt Purchase Price adjustment has been
accepted. If United responds in writing within the 5-business day period
rejecting the Dry Felt Purchase Price adjustment, the following shall apply:

                 (a)      Good Faith Negotiations. If United rejects Striker's
proposed Dry Felt Purchase Price adjustment, Striker and United shall enter
into good faith negotiations, for a period of not more than 5 days, to reach
an agreement on the adjustment of the Dry Felt Purchase Price. During this 5
day period, executives of both parties who are familiar with the facts of
the proposed Dry Felt Purchase Price adjustment shall meet at a mutually
acceptable time and place to exchange relevant information and to attempt to
resolve the disagreement.

                 (b)      Mediation. In the event Striker and United are unable
to reach agreement with respect to Striker's computed adjustment of the
Purchase Price pursuant to Section 4(a) above, then Striker and United agree to
try in good faith, for a period of 60 days (the "Mediation Period") to settle
the disagreement by mediation. Each of Striker and United shall have 5 business
days with which to designate in writing one or more individuals with authority
to resolve the dispute on its respective behalf. Within 10 business days after
the date of designation of the authorized individual(s) of each of Striker and
United, such individuals shall make a good faith effort to select a person to
mediate the computed Purchase Price adjustment. If no mediator

has been selected under this procedure within such time period, the
individual(s) authorized to act on behalf of each of Striker and United shall
jointly request a State or Federal District Judge of their choosing sitting in
Houston, Harris County, Texas, acting in his individual capacity (or if they
cannot agree, the then-acting President of the Houston Bar Association), to
supply within 10 business days a list of potential qualified attorney-mediators.
Within 5 business days after receipt of the list, the individual(s) acting on
behalf of each of Striker and United shall rank the proposed mediators in
numerical order of preference, simultaneously exchange such list, and select as
the mediator the individual receiving the highest combined ranking. If such
mediator is not available to serve, the parties shall proceed to contact the
mediator who was next highest in ranking until a mediator is selected from such
list. In consultation with the mediator selected, the parties shall then
promptly designate a mutually convenient time and place in Houston, Texas for
the mediation, such time to be no later than 15 days after selection of the
mediator. In the mediation, each party shall be represented by persons with
authority and discretion to negotiate a resolution of the computed Purchase
Price adjustment, and may be represented by counsel. The mediator shall
determine the format for the meetings, and the mediation session shall be
private. The mediator will keep confidential all information learned in private
caucus with any party unless specifically authorized by such party to make
disclosure of the information to the other party. The parties agree that the
mediation shall be governed by the provisions of Chapter 154 of the Texas
Remedies and Practice Code and such other rules as the mediator shall
prescribe. Fees and expenses of the mediator shall be shared equally by the
parties. The mediator shall be disqualified as a witness, consultant expert or
counsel for any party with respect to the matter being mediated and any related
matters. Mediation is a compromise negotiation for purposes of federal and
state mediation and constitutes privileged communication under Texas law. The
entire mediation process is confidential and the conduct thereof and all
statements, promises, offers, views and opinions expressed during the course
thereof shall not be discoverable or admissible in any legal proceeding for any
purpose.

                 (c)      Arbitration. In the event that Striker and United are
unable to reach agreement as to the computed adjustment of the Purchase Price
by the end of the mediation Period (or any extension of the Mediation Period by
mutual agreement of the parties) the amount of the computed Purchase Price
adjustment shall be submitted promptly for resolution to binding arbitration
before a single arbitrator who shall be a person who is a retired Civil
District Judge formerly sitting in Harris County, Texas selected by the person
then serving as the President of the Houston Bar Association at the request of
either Striker or United. The arbitrator shall be fully compensated in
accordance with his normal hourly or per diem rate for all time spent by him on
the arbitration proceeding. Pending final award, arbitrator compensation and
expenses shall be advanced equally by Striker and United. The arbitration
proceeding shall be conducted in accordance with the rules of the American
Arbitration Association. The place of arbitration shall be in Houston, Texas at
any location as the arbitrator directs, having due regard for the convenience
of the parties, witnesses and the arbitrator. The result of such binding
arbitration may be enforced pursuant to the Texas General Arbitration Act.

                 (d)      Considerations During Mediation and Arbitration. In
determining the amount of the computed Dry Felt Purchase Price adjustment, any
mediator or arbitrator engaged in accordance with this Section 4 shall consider
the monthly increase or decrease in market prices of the Raw Materials as
computed from the prices reported in "Official Board Markets" or other market
price sources in the industry. Until final resolution of any computed Dry Felt
Purchase Price adjustment pursuant to any written notice of computed adjustment
from Striker to United during the term of this Agreement, purchase and sales of
dry felt under the terms and provisions of this Agreement shall continue
without interruption or abatement, and the Dry Felt Purchase Price to be
invoiced in the interim by Striker to United under any provision of this
Agreement shall be the Dry Felt Purchase Price computed by Striker; provided,
however, that all payments by United to Striker for dry felt throughout the
entire interim period and until the subject of the computed adjustment in the
Dry Felt Purchase Price is resolved hereunder either by mediation or
arbitration shall be made at the Dry Felt Purchase Price in effect immediately
prior to delivery by Striker to United of a written notice of computed
adjustment. If the result of such mediation or arbitration is an increase in
the Dry Felt Purchase Price, United shall owe the difference between the
increased price and the price paid by it during the interim period to Striker
which increase shall be paid within 15 days following the final determination
of the computed adjustment in the Dry Felt Purchase Price; conversely, if the
result of such mediation or arbitration is a decrease in the Dry Felt Purchase
Price, a credit in the amount of the aggregate decrease shall be owed by
Striker to United and shall likewise be paid within 15 days following final
determination of such computed adjustment.

                 5.       Representations, Warranties and Covenants of United.
United represents and warrants to Striker as follows:

                 (a)      Organization; Good Standing. United is a corporation
duly organized, validly existing and in good standing under the laws of the
State of Alabama. United has all requisite corporate power and authority and
legal right to enter into this Agreement and perform its obligations hereunder.

                 (b)      Authority, United has taken all necessary corporate
action to approve this Agreement and the performance of its respective
obligations hereunder.

                 (c)      Compliance with Other Instruments, etc. Neither the
execution nor delivery of this Agreement, nor the consummation of the
transaction contemplated hereby or thereby will conflict with or result in any
violation of, or constitute a default under, any provisions of the Certificate
of Incorporation or By-laws of United or any material agreement, mortgage,
indenture, franchise, license, permit, authorization, lease or other
instrument, judgment, decree, order, law or regulation by which United is
bound. No consent of any governmental agency or other third party is required
to be obtained by United with respect to the transactions contemplated hereby,
except for such consents have been obtained before the date hereof.

                 (d)      Solvency. United is not insolvent and the
transactions referred to in and contemplated by this Agreement do not and will
not render United insolvent, and the obligations hereunder to perform such
transactions have not been undertaken and committed by United with any actual
intent to hinder, delay or defraud any present or future creditor of United. In
view of the nature of the particular businesses conducted and proposed to be
conducted by United based upon the actual and anticipated needs for capital to
operate its respective businesses, the transactions referred to in and
contemplated by this Agreement will not leave United with unreasonably small
capital with which to engage in their respective businesses, or in any business
or transaction in which they intend to engage.

                 (e)      Brokers. All negotiations relative to this Agreement
and the transactions contemplated hereby have been carried on in a manner such
that they will not give rise to any valid claim for a finder's fee, brokerage
commission or other like payment by any person intervening in the transactions
as a result of actions taken by or on behalf of United.

                 (f)      Continuation in Business; Source of Demand.
Throughout the term of this Agreement, United shall continue to be engaged in
the manufacturing business in which it is engaged at the date of this Agreement
and hereby covenants and agrees it and its affiliates will exert every
reasonable effort to provide a steady and reliable source of demand for the
residential roofing products currently being manufactured by it and for the dry
felt product sold by Striker related thereto.

                 6.       Representations, Waranties and Covenants of Striker.
Striker represents and warrants to United as follows:

                 (a)      Organization; Good Standing. Striker is a corporation
duly organized, validly existing and in good standing under the laws of the
state of Arkansas and has all requisite corporate power and authority and legal
right to enter into this Agreement and perform its obligations hereunder.

                 (b)      Authority. Striker has taken all necessary corporate
action to approve this Agreement and the performance of its obligations
hereunder.

                 (c)      Compliance with Other Instruments, Etc. Neither the
execution or delivery of this Agreement, nor the consummation of the
transactions contemplated hereunder, will conflict with or result in any
violation of, or constitute a default under, any provision of the Certificate
of Incorporation or By-laws of Striker or any material agreement, mortgage,
indenture, franchise, license, permit, authorization, lease or other
instrument, judgment, decree, order, law or regulation by which Striker is
bound. No consent of any governmental agency or other third party is required
to be obtained by Striker with respect to the transaction contemplated hereby,
except for such consents as have been obtained before the date hereof.

                 (d)      Solvency. Striker and its parent corporation are not
insolvent and the transactions referred to in and contemplated by this
Agreement do not and will not render Striker insolvent, and the obligations
hereunder to perform such transactions have not been undertaken and committed
by Striker with any actual intent to hinder, delay or defraud any present or
future creditor of Striker. In view of the nature of the particular business
conducted and proposed to be conducted by Striker based upon the actual and
anticipated needs for capital to operate such businesses, the transactions
referred to in and contemplated by this Agreement will not leave Striker with
unreasonably small capital with which to engage in its businesses, or in any
business or transaction in which it intends to engage.

                 (e)      Brokers. All negotiations relative to this Agreement
and the transactions contemplated hereby have been carried on in a manner such
that they will not give rise to any valid claim for a finder's fee, brokerage
commission or other like payment by any person intervening in the transactions
as a result of actions taken by or on behalf of Striker.

                 (f)      Continuation in Business; Source of Supply.
Throughout the term of this Agreement, Striker and its parent corporations
shall continue to be engaged in the felt product recycling and paper-based felt
manufacturing business in which they are engaged at the date of this Agreement
and hereby covenants and agrees with United that Striker will exert every
reasonable effort to provide a steady and reliable source of supply of dry felt
paper for United and itself, to the extent provided in this Agreement.

         7.      Cancellation for Cause. Either party hereto may cancel this
Agreement if the other is in default of any material provisions of this
Agreement and such default is not cured within 30 days from the effective date
of a notice of default from a party hereto to the other specifying the nature
of the default and the corrective action, if any, to be taken to cure the
default, and if such corrective action is not taken within such 30-day period
of time, this Agreement shall terminate and be of no further force and effect
effective on and as of the 30th day following the effective date of such notice
of default.

         8.      Notices. Any notice, request, instruction or other document to
be given hereunder by either party to the other shall be given in writing and
delivered personally or sent by registered or certified mail, postage prepaid,
or by facsimile transmission to the respective addresses of the parties set
forth below. Notice by personal delivery shall be effective upon receipt,
notice deposited in the United States mail in the manner aforesaid shall be
effective three days after deposit, and notice sent by facsimile transmission
shall be effective upon confirmation to the notifying party of receipt of the
transmission. Notice given in any other manner shall be effective only if and
when received by the party to be notified. For purposes of this Agreement, the
addresses of the parties shall be as follows:

         If to United:               United Roofing Manufacturing Company, Inc.
                                     P.O. Box 30 (Finches Ferry Road)
                                     Eutaw, Alabama 35462
                                     Attn: Lee Ann Livingston
                                     Fax No. (205) 372-2506

         If to Striker:              Striker Paper Corporation
                                     One Riverway, Suite 2450
                                     Houston, Texas 77056
                                     Attn: R. W. Miller, President
                                     Fax No. (713) 622-9410

         With a copy to:             Striker Paper Corporation
                                     One Riverway, Ste. 2450
                                     Houston, Texas 77056
                                     Attn: Robert I. Beck, Esq., General Counsel
                                     Fax No. (713) 622-9410

Either party hereto may change its respective address aforesaid by notice given
to the other party hereto in accordance with the provisions of this Section 8.

         9.      Miscellaneous. The parties hereto further agree as follows:

                 (a)      Compliance with Laws. In performing this Agreement,
all applicable governmental laws, regulations, orders and other rules of duly
constituted authority will be followed and compiled with in all respects by
each party hereto.

                 (b)      Assignment. No assignment by either party of any
right hereunder, including the right to money due or to become due under this
Agreement, or delegation of any duties under this Agreement shall be binding
upon the other party without its written consent first had and obtained.

                 (c)      Non-Waiver. Any failure by either party hereto to
enforce any provision of this Agreement shall not constitute a waiver of such
provision(s) or prejudice the right of either party hereto to enforce such
provision(s) at any subsequent time.

                 (d)      Headings. Headings used in this Agreement are for 
convenience of reference only and shall not affect the interpretation of this 
Agreement.

                 (e)      Partial Invailidity. If any provision of this
Agreement is or becomes void or unenforceable by force or operation of law, the
other provisions hereof shall remain valid and enforceable.

                 (f)      Modification. Oral statements and understandings are
not valid or binding, and no change, modification or waiver of any provision of
this Agreement shall be valid or binding unless it is in writing, signed by
both parties hereto and bears a date or effective date subsequent to the date
hereof.

                 (g)      Force Majeure. Any foregoing provision of this
Agreement to the contrary notwithstanding, neither party hereto shall be liable
to the other for any loss, injury, delay, damages or other casualties suffered
or incurred by a party hereto due to strikes or other adverse union activity,
riots, storms, fires, explosions, acts of God, war, embargo, governmental
action, or any other cause similar thereto which is beyond the reasonable
control of a party hereto, and any failure or delay by either party hereto in
the performance of any of its obligations under this Agreement due to one or
more of the foregoing causes shall not be considered a breach of this Agreement

                 (h)      Entire Agreement. This Agreement contains the entire
agreement of the undersigned parties hereto with respect to the subject matter
hereof and neither party hereto shall be bound by any communication between
them with respect to the subject matter hereof unless the same is in writing
and bears a date contemporaneous with or subsequent to the date hereof.

                 (i)      Governing Law. This Agreement shall be construed and
enforced in accordance with the laws of the state of Texas.

                 (j)      This Agreement is being executed on June 9, 1995, but
will become effective on April 1, 1995.

         IN WITNESS WHEREOF, each party to this Agreement has caused it to be
executed on its behalf by its undersigned officers hereunto duly authorized on
June 9, 1995 effective as of the date first above indicated.

                          UNITED ROOFING MANUFACTURING COMPANY, INC.

                          by:  /s/ LEE ANN LIVINGSTON                
                             ----------------------------------------
                                  Lee Ann Livingston, President

                          STRIKER PAPER CORPORATION

                          by:  /s/ R. W. MILLER                       
                             ----------------------------------------
                                  R. W. Miller, President

 

Basic Info X:

Name: DRY FELT PURCHASE/SALE AGREEMENT
Type: Dry Felt Purchase/sale Agreement
Date: April 15, 1996
Company: STRIKER INDUSTRIES INC
State: Delaware

Other info:

Date:

  • November 15 , 1995
  • January 15 , 1996
  • November 15 , 1996
  • 3 30 days
  • April 1 , 1995
  • June 9 , 1995

Organization:

  • Striker Paper Corporation
  • Minimum Monthly Purchase Amount
  • Damage During Shipment
  • Federal District Judge
  • Civil District Judge
  • Houston Bar Association
  • American Arbitration Association
  • Dry Felt Purchase Price
  • Covenants of United
  • Covenants of Striker
  • United Roofing Manufacturing Company , Inc.
  • Finches Ferry Road Eutaw
  • General Counsel Fax No
  • e Partial Invailidity
  • g Force Majeure

Location:

  • Eutaw
  • South Eastern United States
  • Stephens
  • Harris County
  • Arkansas
  • Alabama
  • Houston
  • Esq.
  • Texas

Money:

  • S. dollars
  • $ 1.25

Person:

  • Stephens
  • U. S.
  • Waranties
  • Robert I. Beck
  • Lee Ann Livingston
  • R. W. Miller

Percent:

  • 5 %