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% liquor restriction contained in deeds to said lots; and WHEREAS, Pioneer Insurance & Trust Co. has requested this Company to relinquish reversionary right contained in said deeds: THEREFORE, BE IT RESOLVED, that the action of President and Asst. Secretary Bachman in executing "Covenant Not to Sue", dated March 1 9 , 1948, to recover any lot or lots by reason of the breach of such restrictions; be, and the same is hereby, ratified, approved and confirmed. Following Authority for Expenditure Requests, approved by the President, were submitted for ratification: W. 0. #591, issued Feb. 24, 1948; Vernon, tfalif.; retirement of irregular tract on Boyle Ave. north of Leonis Blvd., being part of Lot 1 9 , Los Angeles Fruit- land Assn. 500 Acre Tract, sold to Haas Baruch & Co. per deed Audit No. L.S. 4919* Credit Real Estate Sold (Unimproved Real Estate-California), $7 6 ^; Sale price of land, ^887; Creditable to Profit on Sales of Real Estate, $123; Estimated cost of removal of property retired chargeable to Profit on Sales of Real Estate, $24. A.F.E. No. | (W.O. #592), issued Feb. 26, 1948; Las Vegas, Nev.; construct 450 ft. of 6" cast iron water pipe line in Block 26 of Fourteenth Street Ad­dition from Linden Avenue to Bonanza Road, Total estimated expenditure, fl,390» chargeable -to Invest­ment in Water System-Las Vegas, Nevada. A.F.E. No. 2 (W.O. #593)> issued Feb. 26, 1948; Las Vegas, Nev.; construct 2680 ft. of 6 " cast iron water pipe line in Pioneer Heights Addition, consist­ing of 1720 ft. in alley between Bridger Ave. and Garces Ave, to serve Blocks 11, 15, 22 and 24, and 960 ft. in alley between Bridger Ave. and Clark Ave. to serve Blocks 10 and 1 6 . Total estimated expenditure, $8,310, chargeable to Investment in Water System-Las Vegas. A.F.E. No. 3 (W.O. #594), issued Feb. 26, 1948; Las Vegas, Nev.; construct 3390 ft. of 6" and 8" cast iron water pipe lines in HFM&M and Valley View Additions, - 5-