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I 1 I • * WHEREAS, byresolution of the Executive Comities of this Company adopted at this met lag a request is authorised and made that The Equitable Trust Company of New York, Trustee under the First Mortgage of the San Pedro ,Los Angeles A salt Lake Ball road Company* dated July lf 1903, pay out of the proceeds of sales of mortgaged property held by said Trustee under the provision e of Article fl of said mortgage to the extent of $48,300. now so held, for betterments, additions and the purchase of material therefor in the work of reconstructing the portion of the railroad eompany’e line of railroad between TJvada and Calient®, in the state of trevada, and, WORMS, it will be inconvenient and impracticable for said Trustee to pay for the. mate.rial for said betterments and additions as purchases are made or directed by the Ballroad Company, by reason of the remoteness of said locality and the number and diversity of payments to be made, Now, on motion of (R Xr>, _____________ duly seconded, it is unanimously RESOLVES, that the said betterments and additions to said mortgaged property and the purchase of materials therefor shall be made by and under the direction of the officers of this company charged with such duties by its by-laws, and that said Trustee be arti it Is hereby requested to pay to the San Pedro, Los Angelos 4 salt Lake Bail road Company, taking the receipt of its President or a Vice President therefor, the said sum of $48,800. now held by it under the provisions of Article VI of said mortgage, to be held in a