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IAS VEGa S LAM) AND WATER COMPANY RESOLUTION Western Auto Supply 717 On notion duly seconded, it was RESOLVED, that the action of President Salley end Assistant Secretary I tow in executing agreement bearing C. L. D. I55X0, entered into June 23, 1966 between Las Vegas Land and Water Company and The Ted H* Cooper Co*, Inc*, a California corporation, covering the preparation of plans and specifications and to con­struct in City of Industry, California a single story concrete tilt-up warehouse and office building, containing a floor area of approximately 300,000 square feet, and to furnish all material, labor and other things requisite and necessary therefor, consid­eration to be actual net cost plus ten per cent (10%), but not to exceed $1,423,604.00; work to commence July 1, 1966 and be com­pleted no later than January 31, 1967; contractor to furnish bond in the sum of $1,500,000*00; work to be under supervision of con­tractor to satisfaction of Land Company Engineer; payments to be made during progress of the work, less e reserve fund of ten per cent (10%), such reserve fund to be paid upon completion and ac­ceptance; contractor to procure and keep in effect during the life of this agreement, workmen's coraponsation and employer's liability insurance, contractor's public liability and property damage insur­ance, and contractor's contractual liability and property damage insurance; contractor for a period of 365 days after completion of