upr000141 97

Regular monthly meeting of Board of Directors9 Las Vegas Land and Water Company, was held in the Company's principal office in the Union Pacific Building, 422 West 6th Street, Los Angeles, California, at 11*00 A, M., Tuesday, April 14, 1959. Present: Lee S„ Osborne J. W 0 Padden W, Ho Johnson Edward C. Renwlck To E. Hammill Absent: A, Eo Stoddard Vice President Osborne called the meeting to order and presided. Minutes of meeting of Board of Directors held March 10, 1959s were read and approved. On motion duly seconded, it was RESOLVED, that the action of President Stoddard and Assistant Secretary Bachman in executing Agreement C.L.D. No. 13146, Contract Audit No. 10854, dated March 24, 1959s between Las Vegas Land and Water Company, called "Land Company", and Western Lead Products Co., called "Purchaser", granting Purchaser option to pur­chase two parcels of land, being portion of Blocks 23 and 36 of Tract No, 1343 and portion of vacated Lomltas Avenue, in the City of Industry, County of Los Angeles, California, option for Parcel No. 1 shall commence upon the date hereof and continue for one year, and option for Parcel No. 2 shall commence upon date of exercise of option for Parcel No. 1, and continue for two years thereafter; pur­chase price for Parcel No. 1 - $72,768.18 and for Parcel No. 2 - $59,870.52, plus any assessments for public improvements levied and