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{e) Conditions, restrictions, reservations, easements and encumbrances of record; excepting and reserving unto LVL&WCo. all minerals and all mineral rights, including oil and gas and rights thereto, without right of entry; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of Vice President Strong in executing rider C.L.D. 2425, dated December 15, 1947, terminating effective March J>1, 1942, lease Audit No. A-45646, dated September 22, 1936» expiring September JO, 1942, between Lloyd Corporation, Ltd. and Grover C. Ellis, an individual doing business under the fictitious name and style of Dr. A. Reed Cushion Shoe Co. (said lease being assigned by Lloyd Corporation, Ltd. to Union Pacific Railroad Company and by UPRRCo. to LVL&WCo., March 12, 1937)» covering lease of ground-floor storeroom at 6l6 South Olive Street, Los Angeles, Calif.; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of President and Asst. Secretary Bachman in executing L.S. Deed Audit No. 4931» dated March 2, 1942, from LVL&WCo. to Las Vegas, Nevada, B.P.O. Elks No. 1462, conveying 10.73^ acres of this Company's Las Vegas Ranch at Las Vegas, Nevada; consideration $10.00; subject to: (a) the flow of the waters of Las Vegas Creek; (b) State, County and City taxes for the years 1942 and subsequent thereto; (c) An unrecorded lease dated September 1, 1943» to Willie T. Stewart, Lessee, which expires August Jl, 1953> - 2-
