"Olistar" Music Company is correct. It was the BMI publisher attached to Olis Sound Company (Olis Records,) a tiny Chicago area independent. Don't know it that's the "O" in Chas. O. Smith but it doesn't sound like their stuff.

It's exactly a unique lyric but that said, does sound close (sort of) to a modern Alabama song called Down on the River:

"Light up a smoke and tell a few jokes
And pass the old jug around
We're gonna get right on a Saturday night
When the sun goes down"