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3 \ leased premises, roof and roof appurtenances handling run-off rain water, also lateral support and structural repairs and replace­ments; be and the same is hereby ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of Vice President T.E.Hammill in executing Lease Agreement C.L.D. 15846, dated September 1, 1967 between Las Vegas Land and Water Company and Foster and Kleiser, Division of Metromedia, Inc., a Delaware corporation; leasing in Dominguez area, Los Angeles County, California, portions of Land Company premises required for ten (10) 12 ft. by 25 ft. .billboard^ and one (1) 14 ft. by 48 ft. billboard at rental of $3,900.00 per annum, payable annually in advance; term thereof beginning on tiie 1st day of September, 1967 and extending to and including the 31st day of August, 1968; thirty days written notice by either party will effect termination; Lessee will pay taxes levied, during life of lease, on premises or improvements thereon, or reimbursement to Lessor for sums paid by Lessor for such taxes; use of leased premises restricted to the erection, maintenance and use of adver­tising billboards; Lessee not to sublet or assign without written consent of Lessor; and special condition that all billboards have a clearance of at least eighteen (18) feet from the ground level under the billboard to the base of the billboard; be and the same is hereby ratified, approved and confirmed. -5-