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X and minerals, situated in the City of Las Vegas, Nevada, being a portion of S&$ of SEf of Section 27, Twp. 20 S., Range 61 E., MDB&M; consideration $1,980, payable $495 upon execution of agreement, balance in four equal annual installments, with interest at rate of 4$ per annum on deferred payments; Elks to pay all taxes and assessments levied against said premises during year 1959 and subsequent thereto; Company, within fifteen days after payment of purchase price, to deliver to Elks grant deed and abstract-ofvtitle showing marketable title to said premises free and clear of all encumbrances, except the re­servation of said coal, oil and minerals, the reservation of minerals, easements, etc, that are contained in State Land Patent covering on land of which said premises are a part, taxes and assessments levied or assessed against said premises for year 1939 and subsequent thereto, and encumbrances made or suffered by Elks subsequent to date of said agreement; or, in lieq of said abstract, Company may deliver to Elks a policy of title insurance with similar exceptions; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of Vice President Strong and Secretary in executing agreement, C. A, No, 10167, dated April 1, 1941, between Las Vegas Land and Water Company, called ’’Land Company”, and Southern California Telephone Company, called ’‘Licensee”, granting permission to construct, maintain and operate a 9” x 13i=r” conduit for the purpose of conveying telephone wires under, along and across a portion of Lot 1, Tract 7777, East Los Angeles, California; said - 2 -