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% Adjourned 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, 5^-80 Ferguson Drive, Los Angeles, California, at 11:00 A. M., Friday, August 13, 1 9 6 5 . Present: WP.. JJ.. FPaoyxn e FT,. LE.. MHoamrmgialnl E. C. Renwlck Absent: E. H. Bailey Vice President Payne called the meeting to order and presided. Minutes of meeting of the Board of Directors held July 13, 1965> were read and approved. On motion duly seconded, it was RESOLVED, that the action of Vice President Payne in ex­ecuting C.L.D. 1*1738-2, supplemental agreement dated July 19, 1 9 6 5 , to Contract Audit IO9 6 1 , between Las Vegas Land and Water Company and John M. Ferrero, revising area of land leased for growing crops, and reducing rent from $124.00 per month to $82.00 per month, effective July 19, 1965, subject to termination by either party upon ten days written notice, all other terms and conditions of Contract Audit 10 9 6 1 to remain in full force and effect; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of President Bailey and Assist­ant Secretary Cope in executing Las Vegas Land and Water Company easement C.L.D. 14939, dated May 1 9 , 1 9 6 5 , granting Pacific 1-