upr000161 4

with California Chairs, Inc„, Lessee, covering site for automobile parking located on Calada Street, Los Angeles, California! term beginning September 1, 1956, and extending to September 19 1961; rental $25»00 per month payable monthly in advance? subject to termination upon 3° days written notice by either party? be, and the same is hereby, ratified, approved and confirmeds On motion duly seconded, it was RESOLVED, that the action of President Stoddard in executing Lease C0L 0D» Noe 12411, dated November 3°& 1956, between Las Vegas Land and Water Company and Poultrymens Cooperative Asso­ciation of Southern California, covering a portion of Lot 16 com­prising 51*303 square feet in Union Pacific Tract, located at Noakes and Esperanza Streets, Los Angeles, California, for term January 1, 1957 to and Including December 31» 1961, without right of termination, to be used as site for garage or warehouse build­ing and auto parking? rental $1 ,282<>50 payable annually in advance, plus taxes and assessments? together with option to purchase the premises, except oil, gas and other minerals therein, at any time during the term of the lease for consideration of $25,651°50* plus any assessments chargeable to capital account, provided Asso­ciation has erected thereon garage or warehouse building containing floor area of not less than 8,000 square feet? be, and the same is hereby, ratified, approved and confirmed,, On motion duly seconded, It was RESOLVED, that the action of Vice President Reinhardt, in executing Agreement C°LoDo No0 6915-3, dated December 18, 1956, supplementing C°LoD<, No, 6915* Contract Audit No, 10352, dated 2