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v Distributors, called "Purchaser", two parcels of land in Pomona, California, under the following conditions: Parcel A - being portions of Lots 1 to 4, inclusive, in Block 26, for sum of $3,361.32 cash, payable upon delivery of deed and policy of title insurance; Parcel B - being portions of Lots 1 to 4, inclusive, in.Block 25, and of Lot 1 in Block 26 and of adjoining vacated Imogene Street, together with packing house located thereon and machinery therein, for the sum of $58,913.24, payable $5,891.32 upon delivery of executed c2nt£act an<^ ^be Glance, including interest at 4% per annum upon deferred balance, in 240 equal monthly payments; and WHEREAS, Purchaser now contemplates the construction of a building upon a portion of said Parcel B and desires to pay to Land Company in full the value of the land upon which said building is to be constructed, and Land Company agrees to accept such payment: THEREFORE, BE IT RESOLVED, that the action of Vice President Ashby in executing agreement Audit No. 102431-1, dated December 18, 1944, between said parties, covering the sale of a parcel of land, 50.96 ft. x 72.99 ft. (being portions of Lot 1, Block 26, and of adjoining Imogene Street now vacated), included in said Parcel B, together with all improvements thereon; considera­tion $2,000.00, to be applied as a credit to the said principal purchase price of $58,913.24; Land Company, upon payment of said $2,000.00, to deliver to Purchaser grant deed to said parcel and an easement for construction, operation and maintenance of freight loading platforms over, upon and along a strip of land 1.25 ft. x 50.96 ft., contiguous on the north to parcel being purchased for -6-