upr000147 101

On motion duly made, seconded and carried, It m e , if unanimous vote, RZSOtVEOt that tie action of tie President, per M s tele­gram 0-858 of November 3, 1337, in authorising the n o t iresi-dent to prepare and execute usual fora of agreement covering sale of tot 3, Block 3, Tract Bo* 1387, in this Company’s sub­divided towns!te at Terms, California, to Edward R. Bailey, consideration #103*00, under the terms of which one-fourth of the sale price, or 135*00, is to be paid in cash, balance, or $78.00, to be paid within one year with Interest at 7#, be, and the same is hereby, ratified, approved and confirmed. On motion duly made, seconded and carried, it m s , by unanimous vote, RESOLVED* That the notion of the President, per his tele* gram 0-873 of November 13, 1987, in authorising the Vice Presi­dent to prepare and execute usual form of agreement covering sals of lot 7, Block 4, Tract No. 1807, in this Company's sub­divided towns!te at Term®, California, to William J, Hardwleh, consideration $150,00, under the terms of which one-fourth of the sale price, or #37,50, is to be paid in cash, balance, or 1113,50, to be paid within on© year with interest at 7#, be, end the same is hereby, ratified, approved and confirmed. On motion duly made, seconded and carried, it m e , by unanimous vote, H£90i>V3SDt That the action of the President and Secretary in executing and delivering deed of this Company, dated Decern* bar 84, 1937, covering sale to Belaser J. Johnson of lot 4, Block 4, Tract No. 1887, Tens©, California, consideration J1S0.00, as per map recorded in Book 27, Pug© 7 3 of laps, records of inn Bernardino County, state of California, be, and the gate Is hereby, ratified, approved and eonfinsed. Oh motion duly made, seconded and carried, it m e , by m m X w m M vote. 8