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\ Regular monthly meeting of the Board of Directors of Las Vegas Land and Water Company was held in the Company’s prin­cipal office in the Union Pacific Building, 1|22 West 6th Street, Los Angeles, California, at 11:00 A. M., Tuesday, January 11, 1955. Present: Wm. Reinhardt E. E. Bennett J. W. Padden W. H. Johnson Absent: A. E. Stoddard A. C. Ritter Vice President Reinhardt called the meeting to order and presided. Minutes of meeting of Board of Directors, held Dec. li|, 19Sk» were read and approved. Following Authority for Expenditure Request, approved by the President, was submitted for ratification: W. 0. No. 7 9 k > issued December 3, 195k* Los Angeles, retirement of Lots 109, 110 and 111 in Union Pacific Tract No. 1, containing area of 53,861.5 square feet, sold to Embecie Corp. by LVL&WCo. L. S. Deed Audit No. 5373« Credit Account - Real Estate Sold - Unimproved Real Estate - Calif., #9,153 ; charge Sale Price #26,930 and creditable to Profit on Sales of Real Estate #17,777; cost of removal of property retired chargeable to Profit on Sales of Real Estate #lip7* Whereupon, on motion duly seconded, it was RESOLVED, that the action of President in approving the aforementioned A. F. E. Request, be, and the same is here­by, ratified, approved and confirmed. 1-