upr000120 430

\ Regular monthly meeting of the Board of Directors, Las Vegas Land and Water Company, was held in the Company's principal office, in Union Pacific Building, 5^80 Ferguson Drive, Los Angeles, California, at 11:00 A. M., Tuesday, July 13, 1965* Present: P . J. Payne W. J. Fox T. E. Hammill F . L . Morgan E. C. Renwick Absent: E. H. Bailey Vice President Payne called the meeting to order and presided. Minutes of meeting of the Board of Directors held June 18, 1965, were read and approved. On motion duly seconded, it was RESOLVED, that the action of President Bailey and Assist­ant Secretary How in executing agreement C.L.D. 15162 (C.A. IO98I) dated June 15, 19&5» between Las Vegas Land and Water Company, called "Land Company", and Challenge-Cook Bros,, Incorporated, a California corporation, called "Purchaser", granting Purchaser option to purchase parcel of land situate in the City of Industry, County of Los Angeles, State of California, described as that portion of Tract No. k in the Rancho La Puente conveyed to Victoria Rowland by deed recorded in Book 72, page 22^ of Deeds, records of said County; those portions of Lots 1, 16 and 17 of Tract No. 1953, as per map recorded in Book 22, pages 158 and 159 of Maps, records of said County; those portions of Lots 1, 2 and 3 of Tract No. 2768, as per map recorded in Book 31» pages 35 -1-