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upr000120 269

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upr000120-269
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years from date of amendments, with other leases lying within three miles of the exterior boundary of described areas; royalties to be computed and based upon production allocated upder the unitization of said premises; Operator may at its sole option at any time when there is no production in such unit of oil or gas in quantities deemed paying by Operator, terminate such unit by a written declar­ation thereof, in same manner in which it was created, be and the same is hereby ratified, approved and confirmedo On motion duly seconded, it was RESOLVED, that the action of Vice President Payne in executing Letter of Understanding addressed to Griffith Company, bearing our C.L.D. No* 15491, dated June 8, 1966 accepting pro­posal to furnish all material, supervision, labor, machinery, etc., as required, to remove and thereafter re-pave an existing truck ramp at warehouse, at 3251 Leonis Boulevard, Vernon, California, at a total cost not to exceed '$975.00, work to be performed to the satisfaction and acceptance of Land Company, and completed within forty-five days of date of agreement, be and the same is hereby ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of Vice President Payne in executing rider CoL.D. No. 10986-3, dated May 31, 1966 extending to and including August 1, 1971 agreement Audit No0 10614, dated February 7, 1952 expiring by latest extension August 1, 1966 between Las Vegas Land and Water Company and Richfield Oil 2