upr000143 35

said Assignment being made incident to conveyance to UPRRCo. of certain lands at East Los Angeles, Calif., in connection with oil and gas operations of Richfield Oil Corporation; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of President and Asst. Secre­tary Bachman in executing agreement, C.L.D. No. 7285, dated June 12, 1946, with Quaker Oats Company, extending from June 50, 1946, to September 30, 1946, option to purchase from this Company Lots 60, 61 and 62, in Union Pacific Tract, East Yard, Los Angeles, California; said option having been granted Quaker Oats Company under agreement, C.A. No. 10353 (previously assigned C.A. No. 10352), dated March 7, 1946; as consideration for granting said extension of option, Purchaser agrees to pay to this Company, upon receipt of bill therefor, an amount equal to l/4 of general and special taxes levied and assessed upon the option parcel for fiscal year 1946-1947, including any special district levies, payment for which is included therein and collected therewith, and of any assessment for public improvements levied and assessed upon the option parcel during period July 1, 1946, to September 30, 1946, which are not properly chargeable as capital expenditures; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of Vice President Strong in executing letter agreement, C.A. No. 10364,'dated June 14, 1946, with Erie P. Halliburton, Inc., authorizing it to take possession on July 1, 1946, of a parcel of land having frontage of 139 ft. on V -5-