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fruits, vegetables and meats and appropriate dry storage space; Lessee to have the option to purchase said leased premises if dur­ing the term of said lease Lessor determines to sell that certain parcel of land, containing 4.557 acres abutting said leased premis­es on the north, at the same price per square foot as that obtained for said parcel and under same terms and conditions; Lessee also having option to extend term of said lease for further period of twenty years by serving upon Lessor, not less than 90 days prior to expiration of said term, written notice of intention to exercise said option, at annual rental of 4-1/2$ of the then land value, plus 4-1/2$ of the sum of $500, representing cost to Lessor of spur track on leased premises; Lessor reserving from said lease all minerals and all mineral rights, including oil and gas and rights thereto, without right of entry; 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 rider NLD 1815, dated January 24, 1947, extending to Feb­ruary 28, 1948, term of lease agreement Audit No. 10058, dated March 1, 1940, expiring February 28, 1947, between LVL&v/Co., Lessor, and C. VI. Smith and K. N. Chandler, Co-partners, doing business under the firm name of Smith & Chandler, Lessees, covering sign­board site, located on North Main Street, Las Vegas, Nevada; rental $57.50 per annum, payable in advance; subject to termination by Lessor upon ten days* written notice; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was —2~