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Mew York, July To the Bquitable Trust Company of Mow York, Trustee under the I*Jr st Mortgage of the San Pedrot los Angelos % Salt Lake Ballroad Co., dated July 1,1905 The San Pedro, Los Angeles & Salt Lake Railroad Company, for the purpose of obtaining the release from the above described mort­gage of the real property particularly described In the formal papers now submitted, herewith presents! First, a certified copy of presable and resolutions of the Board of Directors of said Railroad Company adopted at meetings held April 28, 1908 and May 20, 1908, authorising the sale of said real property as therein described, and directing the proper offi­cers to procure such release} Second. The Auditor’s certificate of appraisal and the value in of said property, belng^the amount of #48,800. Third, The certificate of the Mice President and Auditor of said Railroad Company that the lands and property described are not required by the Railroad Company for railroad purposes, are no longer of use in the ope at ion or maintenance of the mortgaged rail­roads, and that the release will not break the continuity of said railroads, and that it is not necessary or expedient that said lands he retained for the operation, use or maintenance in conducting the business of the mortgaged property, and that the property to be released has been appraised at the value of #48,800.