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Regular monthly meeting of Board of Directors, Las Vegas Land and Water Company, was held In the Company’s principal office in the Union Pacific Building, ^22 West 6th Street, Los Angeles, California, at 11:00 A. M., Tuesday, April 1 1 , 1961. Present: Lee S. Osborne J. W. Padden W. H. Johnson Edward C. Renwick T. E t Hammill Absent: A. E, Stoddard Vice President Osborne called the meeting to order and presided. Minutes of meeting of Board of Directors held March 1^, 1961, were read and approved. On motion duly seconded, it was RESOLVED, that the action of Vice President Osborne in executing Rider C.L.D. No, 122^0-1, dated February 21, 1961, extend­ing to .and including April 19» 1966, Contract Audit No, 10808, dated June 20, 1956, expiring April 19, 1961, between Las Vegas Land and Water Company and Texaco Inc. (formerly The Texas Company), cover­ing, license for construction, maintenance and operation of one 6” dry gas pipe line, one 8" crude trunk line, one 6” crude trunk line, one natural gasoline line and one 6" gathering line in vicinity of 29th Street and California Avenue, Long Beach, California; rental $18.00 per annum payable.annually in advance, said license subject to revocation by Land Company on 60 days written notice, and also to agreement between LA&SLRRCo. and Pan American Petroleum Company, - 1 -