B/D Meeting - Big Lake, Tx.
Nov. 2, 2002

Directors present:         E.B. Raley, Francis Raley, Red Oliver, Richard Belvin, Carl Larsen, Wayne Elmore

Directors not present:   Jimmy Walker, Chris Thomson

 1.      President, E.B. Raley called meeting to order.

2.      E.B. announced he had regrettably accepted the resignation of Director Leo Woodbury.  He said at the December Directors meeting an appointment will be made.

3.      The floor was opened for nominations for Vice-President to serve the one-year remaining of Leo Woodbury's Vice-Presidential term.  Carl nominated Richard Belvin, Francis moved for nomination to cease. Unanimously passed.

4.      Carl moved to adjourn,

 Francis Raley, Nov. 2, 2002