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* \ On motion duly seconded, L. J. Bachman was elected to office of Assistant Secretary. On motion duly seconded, F. D. Cope was elected to office of Assistant Secretary. On motion duly seconded, L. J. Tracy was elected to office of Controller. On motion duly seconded, R. M. Sutton was elected to office of Auditor. On motion duly seconded, L. L. Burri was elected to office of Treasurer. On motion duly seconded, D. A. Powell was elected to office of Assistant Treasurer. Election of an Executive Committee being next in order, on motion duly seconded, Wm. Reinhardt as Chairman, E. E. Bennett and J. W. Padden were elected members of the Executive Committee. Following Authority for Expenditure Request, approved by the President, was submitted for ratification: W. 0. 792, issued October 12, 1954* Riverside, California, retirement of portion of Block 6, Range 1, being all of Val. Parcel 1-2, containing an area of 25»632 sq. ft. and packing house and machinery located thereon, which property has been conveyed to Los Angeles & Salt Lake Railroad Company by Deed Audit No. L.S. 5356, dated July 8, 1951+. Credit Account Property Investment - $i|9,l63 Which amount is chargeable to Sale Price -f>23>088 Accrued Depreciation on Improvements - 28,962 Creditable to Profit on Sale of Real Estate - 2,887 Estimated cost of removal of property retired chargeable to Profit on Sale of Real Estate - 25 -2-
