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\ in the City of Industry, County of Loe Angeles, State of California, being that certain 10 foot easement strip reserved by Las Vegas Land and Water Company for sanitary sewer line purposes in deed to Concal Company, recorded in Book D-1S6S, page 14-1, Official Records of said County. be, and the same is hereby, ratified, approved and confirmed. Following Authority for Expenditure Request, approved by the President, was submitted for ratifications W. 0. No. 10, issued June J>0, 1963, retire­ment of parcel of land, Lot A, Tract No. 7261, contain­ing an area of 20,000 sq. ft., together with Headquarters Building at 6th & Olive Streets, Los Angeles, California, conveyed to Citinational Bancorporation by LVL&WCo. LS Deed Audit No. 5962, dated May 9 , 1963* Credit Account - Land and Public Improvements - Los Angeles, California - Sold, $1,115*323.00; Chargeable Sale Price, $1,500,000.00; Creditable to Profit on Sales of Real Estate, $697,054.00; and Estimated Cost of Removal of Property Retired Chargeable to Profit on Sales of Real Estate, $45,607.00. Whereupon, on motion duly seconded, it was RESOLVED, that the action of President is approving the aforementioned A. F. E. Request; be, and the same is hereby, ratified, approved and confirmed. There being no further business to be transacted, on - 1 2 -