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\ of $1,483.00, of which $483.00 is payable on delivery of Bill of Sale, $500.00 to be paid one month after delivery of Bill of Sale, and $500.00 to be paid two months after delivery of Bill of Sale; receipt by Vendor of the initial $483.00 payment con­stitutes acceptance by Vendee of all terms and conditions of this Bill of Sale; be, and the same is hereby approved, rati­fied and confirmed. The following Work Order Authority, for retirement of property, approved by the President, was submitted for ratification: W. 0. 48, issued December 28, 1967, Yermo, California, covering retirement of water distribu­tion lines. Due to distribution system being no longer required for Railroad use, it is recommended that system be sold to J. E. Shope and Eva J. Shope, dba Yermo Water Company. Credit account 244 for ledger value of property retired, water pipe lines, Yermo, California ..........SOLD $13,553.00 Chargeable as Accrued Depreciation, Road and Equipment $10,339.00 Chargeable as Sale Price $ 1,483.00 Chargeable to Loss on Sales of Real Estate $ 1,731.00 Whereupon, on motion duly seconded, it was RESOLVED, that the action of President E. H. Bailey in approving the aforementioned Work Order Authority, be, and the same is hereby ratified, approved and confirmed. -4-