upr000121 61

\ Regular monthly meeting of the Board of Directors, Las Vegas Land and Water Company, was held in the Company’s principal office, in the Union Pacific Building, lj.22 West Sixth Street, Los Angeles, California, at 11:00 o’clock a.m., Tuesday, May 12 , I96I4.• PRESENT: P. J, Payne E. C. Renwick W. B. Groome F. L. Morgan T. E. Hammill ABSENT: A. E. Stoddard Vice President Payne called the meeting to order and presided. Minutes of meeting of Board of Directors held April ll+th, 1961}., were read and approved. On motion duly seconded, it was RESOLVED, that the following amount is re-appropriated for expenditure during the year 1961}. to complete projects hereto­fore authorized, involving capital expenditures: $218,658.72 for items costing more than $10,000, as shown on Carry- Over Statement as of December 31, 1963. On motion duly seconded, it was RESOLVED, that the action of Vice President Payne in executing agreement C. L. D. No. Ii}.8l2 dated May 16, 1961}. between LVL&WCo.and Eckdahl Warehouse Company, a California corporation, covering lease for warehouse and distribution purposes of premises at 2f?0 North Myers Street, Los Angeles, California, for term beginning April 10, 1961}. and extending to and including April 9, 1969 at rate of $1}.98.81}. per month, payable monthly in advance, plus any additional rental required under other provisions of the lease, -1-