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of such taxes for fiscal year 1941- 1942, including any special district levies, payment for which is included therein and collected therewith; Easement for sanitary sewer granted to County of Los Angeles; excepting and reserving to LVL&WCo. coal, oil and other mineral rights; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of President in execut­ing agreement, C. L. D. No. 4079, dated April 20, 1942, be­tween Las Vegas Land and Water Company, Lessor, and A. Clubb & Sons, a co-partnership consisting of A. F. Clubb and J. B. Clubb, Lessee, covering lease of ground floor storeroom at No. 430 West Sixth Street, Los Angeles, California, to be used for the purpose of manufacturing, wholesaling and retailing cigars, cigarettes, tobacco, pipes and smokers' supplies, and incidental uses; for term, commencing July 1, 1942, and end­ing June 30, 1947; rental consideration* $600, payable in advance. 6% of gross receipts with minimum of $500 per month, payable monthly in advance during first 4 years and 10 months of term and $400 for next to last month thereof; for last month of term, an amount equal to the excess of 6% of gross receipts over $500; subject to annual adjustment; 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 letter-agreement, N.L.D, 856, dated May 8, 1942, between Las Vegas Land and Water Company and W. J. Rhoads, -18-