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LAS VEGAS LAND AND WATER COMPANY RESOLUTION Westwood Ceramic Supplies, Inc. 717 On motion duly seconded, it was RESOLVED, that the action of President Bailey and Assistant Secretary How in executing agreement bearing C.L.D. No. 15377 dated April 28, 1966 between Las Vegas Land and Water Company and Westwood Ceramic Supplies, Inc., granting the latter a one year option to purchase parcels of land described therein, in City of Industry, California; consideration being that purchaser shall pay general and special taxes, including any special District levies, plus any assessments for public improvements not chargeable to capital account; purchaser may exercise option on payment of purchase price of $74,000.00, by giving notice of its intention to do so and shall have entered into an agreement for the construction on the option parcels of a warehouse building containing a floor area of not less than 15,000 sq. ft., plans for warehouse to be submitted to Land Company for its approval; Land Company to deliver deed conveying title subject to: (a) All taxes and assessments levied and assessed upon the option parcel for the fiscal year in which the option is exercised, whether payable or not.
