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* Adjourned regular monthly meeting of Board of Directors, Las Vegas Land and Water Company, was held in the Company’s prin­cipal office in the Union Pacific Building, 422 West Sixth Street, Los Angeles, California, at 10*00 A. M., Monday, June 16, 1947. Present: Prank Strong Wm. Reinhardt E. E. Bennett W. T. Price Absent: G. P. Ashby A. M. Polger Vice President Strong called to order and presided over the meeting. Minutes of meeting of Board of Directors, held March 11, 1947, were read and approved. On motion duly seconded, it was RESOLVED, that the following amounts are reappropriated for expenditure during year 1947 to complete projects heretofore authorized, involving capital expenditures: $>253,936.80 for items costing $>1,000 or more, as shown on Carry-Over Statement, as of December 31, 1946; 457.05 for items costing less than $>1,000, as shown on Carry-Over Statement, as of December 31, 1946. On motion duly seconded, it was RESOLVED, that the action of Vice* President Strong in executing agreement CLD No. 7846, dated February 10, 1947, between LVL&WCo., called ’’Land Company", and Lpmita Gasoline Company, -1-