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Lot 6 6 , Union Pacific Tract No. 1, sold to Edwin C. Jaeger, Leo V/. Powers and Richard K. Branch, co­partners doing business as Jaeger, Powers and Branch, as per Deed Audit No. L.S, 4967. Credit Unimproved Real Estate-California, $5,263; Sale Price, $10,620; Creditable to Profit on Sales of Real Estate, $5,357; Estimated Cost of Removal of Property Retired Charge­able to Profit on Sales of Real Estate, $62. A.F.E. No. 9 (W,0. #606), issued August 26, 1948; Las Vegas, Nevada; construct 860 ft. of 6 ” cast iron water pipe line to serve Sunrise Addition School, Youth Town, and Armory. Total estimated expenditure* $2,630, chargeable to Investment in Water System-Las Vegas, Nevada. A.F.E. No. 10 (W.O. #607), issued August 31, 1948; replace 1942 Chevrolet Sedan with new 4-door Oldsmobile Sedan, to be used by General Manager of Water Co. Total estimated expend!ture $2,850, chargeable to Investment, less credit to Investment $1,362; additional amount chargeable to Investment $1,488. Whereupon, on motion duly seconded, it was RESOLVED, that the action of President in approving the aforementioned A. F. E. Requests, be, and the same is hereby, ratified, approved and confirmed. There being no further business to be transacted., on motion duly seconded, the meeting adjourned. Attest: (Signed) W. H. Johnson Secretary (Signed) Wm. Reinhardt Chairman I, W. H. Johnson, Secretary of Las Vegas Land and Water Company, do hereby certify, that the foregoing i3 a full, true and correct copy of minutes of meeting of Board of Directors of said Company, held September 14, 1948. Secretary, £»as Vegas Land and Water Company —2 —