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V Total estimated expenditure ® * • » ® $65,000®00 Estimated cost of additional property chargeable to land and public improvements. City Of Industry . » o * o o ® ® o $65,000000 Appropriated for expenditure during calendar year 1966 ® ® ° ® $65,000®00 WHEREUPONY on motion duly seconded, it was RESOLVED, that the action of the President in approving the aforementioned Authority for Expenditure Request, be and the same is hereby ratified, approved and confirmed* The resignation of F. J. Payne as a Director, Chairman of the Executive Committee, and Vice President was presented as follows: "October 11, 1966 Mr® E® E® Dixon, Secretary Las Vegas Land and Water Company Los Angeles, California® Dear Sir: Due to my retirement, please accept my resignation as Vice President, Chairman of the Executive Committee, and Director, of Las Vegas Land and Water Company, effective October 31, 1966® Very truly yours, (Signed) P® J® Payne" On motion duly seconded, the “resignation of P® J® Payne as a Director, Chairman of the Executive Committee, and Vice Pres­ident was accepted, effective October 31, 1966® -11-