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A. P. E. No. 7 (W. 0. No. 402), Issued July 16, 1940; Los Angeles, Calif.; acquire 77,553 sq. ft. of land abutting Fifth Street, between Anderson Street and Mission Road, and construct thereon a one-story warehouse with second-story offices for lease to Western Transportation Co. Total estimated expenditure, $111,372, chargeable to Investment. W. 0. No. 403, issued Sept. 6, 1940; Los Angeles, Calif.; retirement of 2956 sq. ft. of land, being a 25-ft. strip through Lot 5, Tract 5205, adjoining north line of AT&SFRy. This property sold to AT&SFRy. Co., covered by deed Audit No. 4465, sale being author­ized by Executive Committee Jan. 7, 1936. Ledger value of Property Retired and not to be Replaced creditable to Investment, $163; estimated cost of removal of property retired $16; less sale price of land, $375; creditable to Property Investment $196. W. 0. No. 404, issued Sept. 17, 1940; River­side, Calif.; ins.tall S. H. Covey Lidding Press; double burner "Cook" Gas Heater; Stebler-Parker Lemon Washer with motor and 24" Portable 3 section Conveyor 37’ long in Packing House at 4th and Vine Sts. Total estimated expenditure $840 chargeable to Investment. W. 0. No. 405, issued Sept. 17, 1940; Fullerton, Calif.; retirement of equipment in packing house at Walnut and Pomona Aves. Ledger value of property retired and not to be replaced creditable to Invest­ment $2434; estimated cost of removal $20; less estimated value of salvage chargeable to Material on Hand - Store Dept. $599; less accrued deprecia­tion $1835; difference chargeable to Debits from Retired Road & Equipment $20. Whereupon, on motion duly seconded, it was RESOLVED, that the action of President in approving the aforementioned A. F. E. Requests be, and the same is hereby, ratified, approved and confirmed. There being no further business to be transacted, on motion duly seconded, the meeting adjourned. Attest: (Signed) W. H. Johnson Secretary (Signed) Frank,Strong Chairman -26-