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upr000144-035
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University of Nevada, Las Vegas. Libraries

10171, dated June 15, 1941, expiring June 14, 1943, between Las Vegas Land and Water Company, Licensor, and County of Los Angeles, Licensee, covering use of land for agricultural pur­poses, near East Los Angeles, California, subject to termina­tion by either party upon 30 days' written notice; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of Vice President Ashby and Assistant Secretary Rigdon in executing agreement, C.L.D. 5028, dated May 11, 1943, between Las Vegas Land and Water Company, called “Land Company”, and Buttress & McClellan, Inc., as Trustee, called “Purchaser”, covering the purchase of certain land, spur track, and improvements thereon, located at Boyle Avenue and Leonis Blvd., Vernon, California (formerly leased to General Motors Corporation under Contract Audit 10096, dated Oct. 29, 1940); consideration $>50,000.00, payable by Purchaser, as follows• $15,000.00 within 60 days from May 11, 1943; balance, together with interest at 5% per annum upon unpaid principal, in 60 equal monthly installments of $660.50, payable monthly in advance, commencing 90 days from May 11, 1943; Land Company also granting Purchaser sixty-day option from May 11, 1943, to purchase certain adjoining land at 35^ per square foot; subject to reservation of oil and mineral rights; be, and the same is hereby, ratified, approved and confirmed; RESOLVED FURTHER, that the action of Vice President Ashby and Assistant Secretary Rigdon in executing' amendatory agreement, C.L.D. 5104, dated July 1, 1943, between said parties, extending for 30 days the time within which said Purchaser must -5-