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% Regular monthly meeting of Board of Directors, Las Vegas Land and Water Company, was held in the Company's principal office in the Union Pacific Building, 422 West Sixth Street, Los Angeles, California, at 11:00 A. M., Tuesday, March 11, 1947. Present: Prank Strong Wm. Reinhardt E. E. Bennett W. T. Price Absent: G. P. Ashby A. M. Polger Vice President Strong called to order and presided over the meeting* Minutes of meeting of Board of Directors, held February 11, 1947, were read and approved. On motion duly seconded, it was RESOLVED, that the action of President and Asst. Secre­tary Bachman in executing lease agreement NLD No. 1762, dated Dec­ember 2, 1946, with Dow L. Bonne11, Jr. and Benjamin C. Charles, a partnership, Lessee (assigned Jan. 17, 1947, by Lessee to Nevada Provision Company, a Nevada corporation), covering site, including spur track thereon, for cold storage warehouse, located on North Main Street, Las Vegas, Nevada; rental $416.25 per annum, payable quarterly in advance; term 20 years, beginning Dec. 1, 1946; Lessee agreeing within a period of one year from effective date of said lease to construct, maintain and operate a warehouse build­ing, containing total floor area of not less than 4,000 sq. ft., and to install therein machinery and equipment for the cold storage - 1 -