upr000120 168

\ option exercised, and conditions, restrictions, reservations and easements of recordo The deed shall except all minerals and mineral rights as reserved by E* Co Woodward and Citizens National Bank9 as Trustee tinder the Will of August Vo Handorf, deceasedo Title Company to furnish standard policy of title insurancee Purchaser at its expense shall arrange for utility connections* Purchaser granted privilege of entering upon the option parcel for the purpose of making surveys, and shall indemnify and save harmless the Land Company® Purchaser to enter into agreement with LA&SLRRCo* and its Lessee, UPRRCo* on industry track con­tract Form 2207, for construction, maintenance and operation of spur track, be and the same is hereby ratified, approved and confirmed* The following Authority for Expenditure Request, approved by the President, was submitted for ratification: A 0 Fo E* No* 8, Work Order 34, issued December 29, 1966 to acquire approximately Go81 acres of land located west and adja° cent to Handorf No* 1 Industrial District, in the vicinity of Mile Post 16, in City of Industry, California for future development of industrial sites* Total estimated expenditure *** **o *** $33,000*00 Estimated cost of additional property chargeable to Land and Public Improvements, City of Industry,California $33,000*00 Whereupon, on motion duly seconded, it was -4