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Credit Account 202, Land and Public improvements, City of Industry, Los Angeles County, California for ledger value of property sold $70,252*00 Chargeable as sale price $88,063.00 Creditable to profits on sales of real estate 17,811.00 Estimated cost of removal of property retired chargeable to profit on sales of real estate 507.00 Whereupon, on motion duly seconded, it was RESOLVED, that the action of President E. H. Bailey in approving the aforementioned A. F. E. request, be and the same is hereby ratified, approved and confirmed. The following Authority for Expenditure Request, approved by the President, was submitted for ratification; A. F. E« No. 5, Work Order No. 47, issued December 28, 1967 to cover installation of an automatic fire sprinkler system, in warehouse at 3385 Leonis Boulevard, Vernon, Los Angeles County, California; cost of this sprinkler system to be added to lease rental base; Total estimated expenditure $20,100.00 Estimated cost of additional property chargeable to Warehouse, packing houses and equipment, Vernon, California $20,100.00 Appropriated for expenditure during * calendar year 1967 $20,100.00 Whereupon, on motion duly seconded, it was • 'V ?' • * RESOLVED, that the action of the President in approving the aforementioned A. F0 E. Request, be, and the same is hereby ratified, approved and confirmed. -4-