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held harmless in operation of aforementioned gates, which will be equipped with locks; that under conditions stipulated in said agreement, Railroad Company, after giving sixty days written notice, may terminate agreement; be, and the same is hereby ratified, approved and confirmed„ On motion duly seconded, it was RESOLVED, that the action of Vice President J. W« Godfrey and Assistant Secretary Po A 0 Schmitz in executing Lease Agreement No,0 C0L0D 0 15914, dated January 11, 1968 between Las Vegas Land and Water Company and American Can Company, a New Jersey corporation, leasing a certain por­tion of Land Company premises together with the warehouse, office building and spur track located thereon, at Vernon, Los Angeles County, California for storage and warehousing purposes, for a term of two (2) years and three (3) months, commencing on January 1, 1968 and extending to and including March 31, 1970; rental for period January 1, 1968 to and including March 31, 1968 to be at the rate of $1,000 per month and thereafter for the duration of the term, rental to be at the rate of $2,300®Q0 per month; Lessee shall pay all taxes and assessments levied or assessed upon premises, buildings and improvements thereon, with exception that any assessments for public improvements or benefits assessed against leased premises, shall be paid by the Land Company 3-