upr000119 118

V to arrange for construction of a sewer line by extending present sewer line located within Sixth Avenue, Purchaser thereafter to construct at its sole expense, all sewer facilities on option parcel; upon execution of option agreement, Purchaser is granted privilege of entering upon option parcel to make surveys, foundation tests, and for other incidental purposes; Purchaser shall indemnify and save harmless Land Company against loss, damage, liability or cost and expense which Land Company may sustain or bear relative to Purchaser's entering upon option parcel, indemnity including but not limited to mechanics' or materialmen's liens; option agreement not to be assigned or transferred without written consent of the Land Company; be, and the same is hereby ratified, approved and confirmed« On motion duly seconded, it was RESOLVED, that the action of Vice President T«EoHammill and Secretary D.EoClark in executing license agreement CoL0D« Noo 16039, dated May 20, 1968 between Las Vegas Land and Water Company and General Exploration Company of California, Licensee, granting permission to lay and construct and thereafter to maintain, repair, renew, use and operate a 3-inch oil pipe­line for the purpose of conveying oil in Carson, Los Angeles County, California; license to become effective as of April 1, 1968 and for a period of five years thereafter; revocation of license can be effected by thirty days written notice by Land -3-