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B H 15%>, or $4,875, at the time of execution of said agreement, and Balance, including interest at rate of 4% per annum on deferred payments, in S40 equal monthly payments of $167.40 each, commencing one month after the date of execution of said agreement; Purchaser being granted permission to conduct its operations on said purchase parcel during life of said agreement so long as not in default under any of its provisions; be, and the same is hereby, ratified, approved and confirmed. RESOLVED FURTHER, that the action of Vice President Ashby in executing Addendum, dated February 11, 1942, to said agreement Audit No. 10155, setting forth the proportion of each of the 240 consecutive monthly payments of $167.40 ap­plicable to interest and principal, be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of Vice President Ashby in executing agreement, Audit No. 10177, dated December 23, 1941, between Las Vegas Land and Water Company and California Electric Power Company, consenting to assignment, effective November 18, 1936, to said Power Company of agreement, dated April 1, 1928, (Deed Audit No. 3583) between Las Vegas Land and Water Company and Southern Sierras Power Company, covering construction, maintenance and operation of electric light, heat and power line at Yermo, California; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, the following resolution • -M» —