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RESOLVED, that tho action of Vico President Ashby and Asst. Secretary Bachman in executing LS Deed Audit No. 4775, dated October 27, 1945, conveying to Germain Seed and Plant Com­pany a parcel of land, containing 141,592 sq. ft., situate in the City of Vernon, California, being a portion of Lot 21 in the 500-Acro Tract of Los Angeles Fruitland Association; subject to: 1. General and special taxes for tho fiscal year 1945-1946, including any special district levies, payment for which is included therein and collected therewith; 2. Conditions, restrictions, reservations, ease­ments and encumbrances of record; excepting and reserving unto LVL&WCo.: All minerals and all mineral rights, including oil and gas and rights thereto; Right to enter,upon and use a certain surface location, in size 100’ x 50», referred to as ’’Development Area", for the exploration for, removal and disposal of minerals so excepted and reserved; Right to use a designated roadway for access to said Development Area; as compensation for the use of said Development Area, this Com­pany to pay record owners of such area 2-1/2^ of gross value of minerals produced and saved at surface of said area; considera­tion $10, and other good and valuable consideration; be, and tho same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of Vice President Ashby and Asst. Secretary Bachman in executing agreement, C.A, No. 10351, dated January 21, 1946, between LVL&WCo. and Haas, Barucn & Co., granting option to purchase 12.230 acres, being portions cf \ 12-