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f * (2) Liens and encumbrances, if any, created or permitted by Purchaser; (b) To carry fire and extended coverage insurance in favor of Land Company and Purchaser, as their interest may appear, in amount of full insurable value of improvements; be, and the same is hereby ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of President Stoddard and Assistant Secretary Bachman in executing Bill of Sale C. D. No. U0829-1 dated August 30, 195U, whereby LVL&WCo. sold for considera­tion of $>1.00 to Irvine B. Ziegman the following described personal property: All of the bedroom furniture and rooming house equipment, (not including, however, office furniture, equipment and supplies) contained in the rooming house located on Lots One (1) through Four (1+) , inclusive, in Block Twenty-two (22), of Glark's Las Vegas Townsite, in Las Vegas, Clark County, Nevada; be, and the same is hereby, ratified, approved and confirmed. Following Authority for Expenditure Requests, approved by the President, were submitted for ratification: W. 0. No. 790, issued August 2i|, 195^-, Las Vegas, Nevada; retirement of tract of land situated in S-l/2 Sec. 30, W-l/2 Sec. 31, SW-l/ij. Sec. 29 and NW-l/lj. Sec. 32, Twp. 20S., R 61E., MDB&M containing area 507 acres together with all water facilities and various miscell­aneous equipment which has been sold to Las Vegas Valley Water District effective July 1, 1 9 Total estimated expenditure $7607 to cover expense in connection with sale chargeable to Profit on Sales of Real Estate; Credit to Property Investment for ledger value of property retired $3,289,828, with corresponding charge to following: Sale Price Accrued Amortization of Defense Projects Accrued Depreciation-Pipe Lines-Las Vegas Accrued Depreciation-Misc. Equipment Accrued Depreciation-Tools & Equipment Creditable to Profit on Sales of Real Estate $3,035,523 157,953 129,311 22,0[j.2 130 .... 55,131 $3,289,828 -11-