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of acres contained in said land, by $20,000«00 per acre; total acreage to be computed by licensed engineer; Purchaser shall have the right to exercise option at any time during the term, by delivering to Seller the written notice of its intention to do so, and by depositing in escrow the amount of the purchase price less the $5,000e00 referred to above; Seller to deliver deed conveying the land to Purchaser, subject to matters provided therein; be, and the same is hereby ratified, approved and confirmedo On motion duly seconded, it was HESOLVED, that the action of Vice President Godfrey and Assistant Secretary How in executing C» L„ D® 13965”!, Assignment dated July 25, 1966 between Las Vegas Land and Water Company, Pacific^Vegetable Oil Corporation, and Koppel Bulk Terminal, of agreement dated August 4, 1961 identified in the records of the Land Company as Audit 10884, between Las Vegas Land and Water Company and Pacific Vegetable Oil Corporation, covering lease with option to purchase certain parcels of land together with improve” ments located thereon, and together with machinery,equipment and chattels described in an inventory dated July 3, 1961 located in the Los Angeles"Long Beach Harbor area, Los Angeles County, Cali” fornia, to Koppel Thilk Terminal, a California corporation, said assignment consenting to Koppel BulkTerminal permitting Pacific Vegetable Oil Corporation to occupy and use all or a portion of “6”