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^ after June 15, 1939; subject to termination by Licensor upon thirty days' written notice; be, and the same is hereby, ratified, approved and confirmed. On motion duly made and seconded, it was RESOLVED, that the action of Vice President Strong and Secretary in executing and delivering license agreement, Audit No. 9986, dated June 16, *1939, between Las Vegas Land and Water Company, called Land Company, and Signal Oil and Gas Company, Licensee, covering construction, maintenance and operation of a sixteen-inch pipeline for the purpose of conveying wet gas under and across the property of this company in vicinity of East 27th Street and CalliSSiTnia Avenue, Burnett, California, effective June 16, 1939, in consideration of the sum of $15,00 and the further payment of $5.00 annually in advance as rental; subject to revocation by this company at any time by giving said Licensee 60 days' written notice, and to termination by said Licensee at any time upon written notice to said Land Company; also subjeqt to increase in rental at the end of each five-year period in proportion to any increased value of the land involved; be, and the same is hereby, ratified, approved and confirmed. On motion duly made and seconded, it was RESOLVED, that the action of Vice President Strong and Secretary in executing and delivering rider, Audit No. 9921-2, dated June 23, 1939, extending from June 30, 1939, to and including December 31, 1939, term of lease agreement Audit No. 9921, dated July 26, 1938, between Las Vegas Land and Water Company, Lessor, and Peter Strattes, Lessee, covering portions of Lots 19 and 20, Los Angeles Fruitland Association 500-Acre Tract, Los Angeles County, California; cpnsidera- -15-