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RESOLVED, that the action of Vice President T. E. Hammill in executing lease agreement C. L. D. 15787, dated July 17, 1967 between Las Vegas Land and Water Company, and Foster and Kleiser, Division of Metromedia, Inc®, a Delaware corporation, covering erection, maintenance and use of two (2) advertising billboards opposite Mile Post 17o8, Long Beach Cut-Off, Los Angeles County, California, for a term beginning April 19, 19$7 and extending to and including April 18, 1968, subject to thirty days termination, at rental of $270.00 per annum, payable at rate of $22.50 per month, in advance, and that upon conversion of the existing SF Poster Panel to a Bulletin, the rent shall increase to $120.00 per month; Lessee agrees to pay, before the same shall become delinquent, all taxes levied during life of lease upon any build­ings and improvements, or to reimburse Lessor for sums paid by Lessor for such taxes; Lessee not to sublet or assign without written consent, and shall indemnify and save harmless Land Company; that lease dated July 13, 1956, as supplemented, originally between Carson Estate Company and Foster and Kleiser, assigned to Land Company April 14, 1967 shall be deemed terminated as of April 19, 1967; this lease, with supplements is identified in Lessor’s records as C. L. D. 15744, 15744-1, 15744-2, and 15744-3 and 15744-4; be, and the same is hereby ratified, approved and con­firmed. On motion duly seconded, it was - 6-