The Illinois Security Law, administered by the Secretary of State, is probably of interest to this Association because it prescribes the conditions under which securities of oil companies may be offered for sale in the State. Applications received since passage of the Act, June 10, 1919, up to March 10th of this year have been based on properties or leases located chiefly in Texas, Oklahoma, Kansas and Louisiana. Since appraisal of properties by competent men is required, a brief explanation of the law and of progress under it may call forth interesting and helpful discussion at this meeting.
The purpose...
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