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October 31, 1957, between Las Vegas Land and Water Company and The Peck-Judah Company, covering lease of ground floor storeroom, 614 South Olive Street, Los Angeles, California; rental at rate of $400.00 per month, payable monthly In advance; said premises to be used for the purpose of conducting a Travel Agency, together with such other uses as may be incidental thereto; Lessee being granted permission to sublet to Hoberg0 s Resorts a portion of said leased premises for the accommodation of one sales representative; be, and the same is hereby, ratified, approved and confirmed. Following Authority for Expenditure Request, approved by the President, was submitted for ratifications W.O. 811, issued June 12, 1957, Long Beach, California, retirement of Lots 1, £ and 3 and portion of Lots 4 and 5, Block 120, Townslte of Long Beach, designated as Parcels 109, 110 and 110-1, containing an area of 15*746 sq. ft., which property was conveyed to Lyman B. Sutter and Mary J. Sutter by LVL&W LS Deed Audit No. 5518, dated March 28, 1957« Credit Account - Real Estate Sold - Unimproved Real Estate - California - $26,779* Charge Sale Price - $75*000; Creditable to Profit on sales of Real Estate - $48,221; and estimated cost of removal of property retired chargeable to Profit on Sales of Real Estate - $4,109. RESOLVED, that the action of President in approving the aforementioned A. F. E. Request; be, and the same is hereby.