SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
BAIL CORPORATION
(Name of Issuer)
Common Stock, no par value
(Title of Class of Securities)
Not yet issued
(CUSIP Number)
Roger V. Davidson, Esq.
Ballard, Spahr, Andrews & Ingersoll LLP
1225 17th Street, Suite 2300
Denver, Colorado 80202
(303) 292-2400
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
June 7, 2001
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g),
check the following box [__].
NOTE: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Section 240.13d-
7(b) for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).
1) Names of Reporting Persons; I.R.S. Id. Nos. of Reporting Persons
(entities only)
Charles A. Ross, Sr.
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)[__]
(b)[x]
(3) SEC Use Only ____________________________________________________________
(4) Source of Funds (See Instructions) PF
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) [__]
(6) Citizenship or Place of Organization
USA
Number of (7) Sole Voting Power: 900,000
Shares
Beneficially (8) Shared Voting Power: 0
Owned by
Each (9) Sole Dispositive Power: 900,000
Reporting
Person (10) Shared Dispositive Power: 0
With:
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
900,000
(12) Check if the Aggregate Amount in Row 11 Excludes Certain Shares (See
Instructions) [__]
(13) Percent of Class Represented by Amount in Box (11)
17%
(14) Type of Reporting Person (See Instructions)
IN
Item 1. Security and Issuer.
Common Stock, no par value (the "Common Stock"), of Bail Corporation,
a Colorado corporation ("Bail"). The address of the principal executive
offices of Bail is 11952 Farley, Shawnee Mission, Kansas 66213.
Item 2. Identity and Background.
Charles A. Ross, Sr.
11952 Farley, Shawnee Mission, KS 66213
Present principal occupation or employment: President of Bail
Corporation.
Principal business and address of organization in which employment is
conducted: 11952 Farley, Shawnee Mission, KS 66213.
During the last five years Mr. Ross has not been convicted in a criminal
proceeding or been subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to,
federal or state securities laws or finding any violation with respect to
such laws.
Citizenship: USA
Item 3. Source and Amount of Funds or Other Consideration.
The securities to be purchased by Mr. Ross were paid for in cash in
the aggregate amount of $1,000.
Item 4. Purpose of Transaction.
Effective as of March 3, 2001, Corporate Management Services, Inc., Mr.
Ross and Bail entered into an Agreement for the Purchase of Common Stock
pursuant to which Corporate Management Services, Inc. sold 900,000
shares of Common Stock to Mr. Ross for $1,000. The sale of the shares
closed on April 10, 2001.
Mr. Ross acquired the shares of Common Stock in order to acquire
control of Bail and to change Bail from an inactive company to a company
active in the oil and gas business.
(a) It is not anticipated that any additional Bail securities will be
acquired by Mr. Ross or that any Bail securities will be disposed of by
Mr. Ross.
(b) None.
(c) None.
(d) Concurrent with the closing, all of the current officers and directors of
Bail resigned and Mr. Ross was appointed to Bail's Board of Directors.
Mr. Ross currently is the sole officer and director of Bail.
(e) None.
(f) Mr. Ross intends to cause Bail to acquire oil and gas assets in
unspecified and undetermined markets.
(g) None.
(h) None.
(i) None.
(j) Mr. Ross moved the company's principal executive offices to Kansas. Mr.
Ross has changed Bail's fiscal year end to March 31. Pursuant to the
Agreement for the Purchase of Common Stock, Mr. Ross will use his best
efforts to file a registration statement with the SEC registering the
resale of all of the shares of Bail not owned by Mr. Ross and outstanding
as of the date of his acquisition.
Item 5. Interest in Securities of the Issuer.
(a) Mr. Ross beneficially owns 900,000 shares of Common Stock, which
represents approximately 17% of the issued and outstanding shares of
Common Stock. Mr. Ross' percentage ownership dropped from 19.9% to 17%
due to the issuance of 750,000 shares of Common Stock by Bail to new
investors in a private placement which closed on June 7, 2001.
(b) Mr. Ross has sole power to vote or direct the vote and to dispose or
direct the disposition of 900,000 shares of Common Stock.
(c) Other than as set forth herein, there have been no transactions in Common
Stock effected by Mr. Ross during the past 60 days.
(d) No other person is known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of,
the Common Stock beneficially owned by Mr. Ross.
(e) Not applicable.
Item 6. Contract, Arrangements, Understandings or Relationships With Respect
to Securities of the Issuer.
Mr. Ross is not party to any contract, arrangement, understanding or
relationship (legal or otherwise) with respect to any securities of the
issuer, including but not limited to agreements to transfer or voting of
any of the securities, finder's fees, joint ventures, loan or option
arrangements, put or calls, guarantees of profits, division of profits or
loss or the giving or withholding of proxies.
Item 7. Material to be Filed as Exhibits.
7.1 Agreement for the Purchase of Common Stock dated as of February
27, 2001, and effective as of March 3, 2001, by and between
Corporate Management Services, Inc., Bail Corporation and Charles
A. Ross, Sr. (incorporated by reference herein to Exhibit 7.1 of
the Form 8-K filed March 9, 2001, Commission file #000-27321).
Signatures
After reasonable inquiry and to the best of my knowledge and belief, the
undersigned certifies that the information set forth in this statement is
true, complete and correct.
June 22, 2001
/s/Charles A. Ross, Sr.
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Charles A. Ross, Sr.