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;C%c°nd Street), together with citrus packing house and machinery located thereon; consideration $41,252.10, payable as follows: Down payment of $6,187.81 shall be paid at the time of delivery of grant deed covering said real property to the Purchaser; The balance of the purchase price including interest at the rate of 4% per annum from the date of this agreement upon deferred payments shall be covered by a promissory note secured by deed of trust and shall be payable in equal monthly installments of $259,32 payable on the first of each month, commencing December 1, 1944, until the whole of said purchase price, together with interest, ?hall have been paid; Land Company to furnish Purchaser at time of payment to it of said down payment a grant deed conveying said real property to Purchaser; be, and the same is hereby, ratified, approved and confirmed. Following Authority for Expenditure Requests, approved by the President, were submitted for ratification: W.O. #510, issued Dec. 12, 1944; Ontario,^Calif.; retirement of 2655 sq. ft. of land, being portion of Lots 5, 6 and 7, Block 109, sold to LA&SLRRCo., per Deed Audit 4230. Ledger value of Property Retired and not to be Replaced Creditable to Real Estate Sold, >#18; Sale price of land, $80; Creditable to Profit on Sales of Real Estate, $62. W.O. #511, issued Dec. 12, 1944; Ontario, Calif.; value of 13,982 sq. ft. of land, being portionof Lot 4, Block 109, acquired from UPRRCo. by Deed Audit No. L.S. 661. Total estimated expenditure, $420, charge­able to Unimproved Real Estate-Calif. 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. -3-