MARVIN MANDEL, Governor                                 869

EACH STATE JOINING HEREIN SHALL APPOINT ONE
REPRESENTATIVE TO A COMMISSION HEREBY CONSTITUTED AND
DESIGNATED AS THE INTERSTATE OIL COMPACT COMMISSION,
THE DUTY OF WHICH SAID COMMISSION SHALL BE TO MAKE
INQUIRY AND ASCERTAIN FROM TIME TO TIME SUCH METHODS,
PRACTICES, CIRCUMSTANCES, AND CONDITIONS AS MAY BE
DISCLOSED FOR BRINGING ABOUT CONSERVATION AND THE
PREVENTION OF PHYSICAL WASTE OF OIL AND GAS, AND AT
SUCH INTERVALS AS SAID COMMISSION DEEMS BENEFICIAL IT
SHALL REPORT ITS FINDINGS AND RECOMMENDATIONS TO THE
SEVERAL STATES FOP ADOPTION OR REJECTION.

THE COMMISSION SHALL HAVE POWER TO RECOMMEND THE
COORDINATION OF THE EXERCISE OF THE POLICE POWERS OF
THE SEVERAL STATES WITHIN THEIR SEVERAL JURISDICTIONS
TO PROMOTE THE MAXIMUM ULTIMATE RECOVERY 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 COMPACTING STATES
REPRESENTED AT ANY MEETING, AND (2) BY A CONCURRING
VOTE OF A MAJORITY IN INTEREST OF THE COMPACTING
STATES AT SAID MEETING, SUCH INTEREST TO BE DETERMINED
AS FOLLOWS: SUCH VOTE OF EACH STATE SHALL BE IN THE
DECIMAL PROPORTION FIXED BY THE PATIO 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