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is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of Vice President Johnson in executing Agreement C.L.D. No. 14289, dated August 8, 1962, between Las Vegas Land and Water Company and Western Auto Supply Company, covering site at 3251 Leonis Boulevard, Vernon, Califor­nia, together with warehouse and office building and spur track located thereon; term four months, effective June 21, 1962, rental #2,500.00 per month, payable monthly in advance, premises to be used for storage, warehouse and other purposes incident to the handling of business conducted by Lessee; be, and the same is hereby, ratified, approved and confirmed. Following Authority for Expenditure I Request, approved by the President, was. submitted for ratification: W. 0. No. 6, issued July 5> 1962, retirement of portion of Lot 79* Union Pacific Tract No. 1, containing an area of 69*687 sq. ft., Los Angeles, California, which property was conveyed to Southern California Refinishing Service, Inc., by LVL&WCo. LS Deed Audit No. 5819* dated July 27, 1961. Credit Account - Land and Public Improvements - Los Angeles, Calif. - Sold, #11,842.00; Sale Price, #45,296.00; Creditable to Profit on Sales of Real Estate, #33*454.00; and Estimated Cost of Removal of Property Retired Chargeable to Profit on Sales of Real Estate, #261.00. Whereupon, on motion duly seconded, it was