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4 - Subdivider to furnish Company easements for said pipe lines to be laid in other than dedicated streets and alleys, together with Bill-of-Sale, Title Guarantee and Policy of Title Insurance; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of Vice President Seitz in executing rider C.L«D. No. 4079-4, dated February 24, 1954, extending to and including June 50, 1959, term of lease agreement Audit No. 10184, dated April 20, 1942, and expiring June 30, 1954, with A» Clubb & Sons, a copartnership consisting of A. F. Clubb and J. B, Clubb, Lessor (assigned June 16, 1947, to John B. Clubb, an individual, doing business as A. Clubb & Sons), covering lease of ground floor store room at 430 West Sixth Street, Los Angeles, Calif., to be used for the purpose of manufacturing, wholesaling and retailing cigars, cigarettes, tobacco, pipes, and smokers' supplies, and incidental uses; rental consideration; 6% of gross receipts with minimum of $600 per month, payable monthly in advance; said $600 being in lieu of $500 per month minimum rental provided in Agreement Audit No. 10184; for last month of term, an amount equal to excess of 6% of gross receipts over $600, the sum of $600 paid as consideration for original lease to be applied as rental for the last month of the extended term; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of Vice President Reinhardt and Secretary in executing Agreement nNnL.D. 2784, dated March 3, 1954, between LVL&WCo., called "Company”, and Twin Lakes Village, Inc., called Subdivider", providing;
