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% grant deed conveying title to said option parcel, subject to: 1 - Taxes and assessments levied on or assessed against said land subsequent to the year 1 9 ^7 ; 2 - Conditions, restrictions, reservations, ease­ments and encumbrances of record; excepting and reserving unto Land Company all minerals and all mineral rights, Including oil and gas and rights thereto, without right of entry; also reserving easement across westerly end for operation for railroad purposes over said spur track; Land Co., If Partnership has not completed said building within period of one year, or any extension thereof, after date of delivery of deed, to have the option, within one year thereafter, to repurchase said ootion parcel for purchase orice paid by Partnership, plus the portion of cost of public improvements paid by Partnership; be, and the same is hereby, ratified, aporoved and confirmed. On motion duly seconded, it was RESOLVED, that the action of President and Asst. Secre­tary Bachman on behalf of this Company in executing rider, ,,N,,L.D. No. 2025, dated March 20, 19Lg, extending to and Including February 5, 19^9, term of agreement, Audit No. 103&7> dated June 10, 19^-6, expiring August 5» 19^&> with F. F. G-arside and A, E. Cahlan, a Co-partnership, covering option to purchase approximately 26,250 sq. ft. of land, together with portion of the spur track thereon, located at Las Vegas, Nevada; said Co-partnership to construct a warehouse building on said site; be, and the same is hereby, ratified, aporoved and confirmed. On motion duly seconded, it was RESOLVED, that tne action of President and Assistant