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agrees to be bound by and to perform and observe full and faith­fully all covenants, stipulations and conditions in original agreement, assuming all liabilities formerly assumed by the Assignor, that the Land Company consents to the assignment; provides no further assignment to be made without consent in writing, Assignor not being released in event of default by Assignee, from original agreement, its covenants, conditions and liabilities; be, and the same is hereby ratified, approved and confirmedo On motion duly seconded, it was RESOLVED, that the action of Vice President T. E. Hammill and Secretary D. E. Clark in executing C.L.D. No. 14711-4, dated October 27, 1967, extension rider between Las Vegas Land and Water Company and Scott Paper Company, extending term of agreement cover­ing lease of land, improvements and trackage at Vernon, Los Angeles County, California to and including December 31, 1968, at rental of $2,027.70 per month; all terms and conditions of original agreement to remain in full force and effect, with exception of special pro­vision that Lessee shall have the option to extend the term of the aforementioned lease for an additional year; exercise of this option may be accomplished by Lessee giving Land Company written i^tice no later than October 31, 1968 of its intention to do so; be, and the same is hereby approved, ratified and confirmed. The following Work Order Authority, approved by the President, was submitted for ratification: -2-