upr000146 193

«« i * JM* 5 .-* «*^. /3/=eSn=tS =^^ / « / Ysgas Land &ni ifclof CQ&o&fty. la of salsex of not ios «MT G3;as«aft to small mooting signed fey foox Stxootoxa, **• bold la Boon III, P»e If 1 o liiilflo Bu 11 llsgi lot ln|tl*«, C»1 If omit, at 1 1 W l.l., Sietiltr 3l| 3iJ*4. Following Blxsotoxs ssxs present! Vie»~ President K nlsktitotltt presided and sailed «oette| tO Offelf* Minutes of last asst lag of tbs B « H of Directors held lovoMlKtr It, 1934, wort read sad approved. f fee to m s sabait ted to tbs Beard, lottos of President Jeffers, dated Bseeabsr It, 1834, xeooaasadlag ess notion of a pro-poitl igfttital (vhiob tot also eahaitted to th# Boast) between Lea Angeles ft Balt feat# Railroad Ceapsay, Oregon Stott Lias Mail road Ceapsay aad Balsa Paelfie ftailread Ceapaay, oa tbs cm band, sad La* Yogas Land and Water Com patty, oa tbs ether. By tbs toxas of tbls agresaoat, said Bnilxead Coapaalss axo ts reimburse Las Yogas Land and lots* Ceapaay fox aay aot loss tb»t It «ay incur la *ay oalsadax ysax, la es&sldemtiea of Las Yogas Load and later Ceapaay1# pay lag ©v#r to tbs said Mailroad Ceapaaie* aay ast profits mhiek m y aeerue to It la aay oalsadax year, aad la faxtbot oea*id*ratios of Las Yogas Load oil latex Ceapsay** agxsslag to ask* ao salss ox lsasss of aay xsal sstats sseopt apoa tbs oapxoss a*seat of Los Angelo* & Sait Labs Bn11road Ceapsay. Cat 11 tbs Systs« eoapaalss shall otbsxslss determine, folios lag pexeeatages shall obtains LAA3L 4©£, OSL SOfl, IIP 40£. Said agxssaont to bs offsetivs as of January 1, ltS4, aad centlaus la foxos aad offset uatii tsxalaatsd by thirty (SO) day# sxlttsa aot lot by aay of tbs parties thereto. 0a action duly ssooadsd, it sas unaaiacusly RSSOLTlD, that said agree** at above referred to Is hoxsby F. I. Xnie«erceeker Baltsx B« Braekea £• S. Bsaaott 1. B. Conrad Yiee-President Yle#«Pr* s Ido at Director Director Absent* KY.. ILI.. JAedfafs esrosn DPxiorselcdtsoart 1