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V Regular monthly meeting of the Board of Directors of 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, September 12, 1950. Presents Wm. Reinhardt E. E. Bennett W. T. Price A. C. Ritter Absent: A . E . Stoddard A. M. Folger Vice President Reinhardt called the meeting to order and presided. Minutes of meeting of Board of Directors, held August 15, 1950, were read and approved. On motion duly seconded, it was RESOLVED, that the action of Vice President Reinhardt in executing lease agreement C.L.D. No. 10517, dated August 51, 1950, with Nevada Outdoor Advertising Co. Inc., covering premises at Yermo, Calif, for use as site for advertising signboards; term one year beginning September 1, 1950, and extending to September 1, 1951; rental $50 per annum, payable in advance; subject to termination by either party upon not less than 30 days* written notice; be, and the same is hereby, ratified, approved and confirmed. Following Authority for Expenditure Request, approved by the President, was submitted for ratification: -1
