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\ Regular monthly meeting of the Board of Directors, Las Vegas Land and Water Company, was held In the Company's principal office in the Union Pacific Building, 5480 Ferguson Drive, Los Angeles, California, at 11:00 a. m., Tuesday, May 9th, 1967. Present: T. E. Hammill E. C. Renwick F. L. Morgan R. D, Smith G. Graham Absent: E. H. Bailey Vice President Hammill called the meeting to order and presided. Minutes of the meeting of the Board of Directors held April 11th, 1967, were read and approved. On motion duly seconded, it was RESOLVED, that the action of Vice President Hammill in executing C.L.D. 15648, dated April 20, 1967, lease to Joseph Dippolito, dba Dippolito Grape Vineyard, for term beginning January 1, 1967 and extending to and including December 31, 1967 of premises for agricultural purposes, at Mira Loma, Riverside County, California, at rent of $1,000.00 per annum, Lessee to pay all personal property taxes; lease subject to thirty days reciprocal termination notice, and in event of termination, Lessor shall not be liable for any loss or damage to crops; Lessee to take out and keep in force, public liability insurance, be and the same is hereby ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of President Bailey and Assistant Secretary How in executing C.L.D. 15377-2, amendatory agreement dated January 4, 1967 with Westwood Ceramic Supplies, Inc., amending agreement dated April 28, 1966, granting Westwood option to purchase parcel of land described therein, in City of Industry, California; -1-