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^which said payment of $750100 to be applied if Purchaser elects to exercise daid option; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of Vice President Strong in executing lease agreement, C.L.D. 5258, dated October 1, 1943, between Las Vegas Land and Water Company, Lessor, and The Petrol Corporation, Lessee, covering site for storage of asphaltic materials, located at Boyle Avenue and Leonis Blvdi, Vernon, California; for term beginning October 1, 1943, and extending to October 1, 1944; rental $150.00 per month, pay­able monthly in advance; subject to termination by either party upon not less than thirty days' written notice, such notice not to be given by Lessor prior to November 1, 1943; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of Frank Strong in execut­ing lease, C.L.D. No. 5239, dated October 1, 1943, between Las Vegas Land and Water Company, Lessor, and V-0 Milling Company, Lessee, covering a portion of Lot 60, Union Pacific Tract, Los Angeles, California, to be- used for the storage and repair of trucks; term beginning October 1, 1943, and extending to Oct­ober 1, 1944; rental $50 per annum, payable annually in advance; subject to termination by either party upon not less than 30 days' written notice; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of Vice President Strong -8-