upr000120 394

\ 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, 5480 Ferguson Drive, Los Angeles, California, at 11:00 A. M., Monday, October 18, 1 9 6 5 . Present: P. J. Payne T. E. Hammill F » L . Morgan E 0 C. Renwick Absent: E. H. Bailey W. J. Fox Vice President Payne called the meeting to order and presided,, Minutes of meeting of the Board of Directors held September 14, 196 5 , were read and approved. On motion duly seconded, it was RESOLVED, that the action of Vice President Payne in executing rider C.L.D. No. 14663-2, dated September 3, 1 9 6 5 , ex­tending to and including September 30, 1966, term of agreement with George Taguchi, Audit No. 10948, dated October 1, 1 9 6 3 , expiring by latest extension September 30, 1 9 6 5 , at rental of $1 5 0 o00 per annum, payable in advance, terminable by written notice given by either the Lessor or the Lessee to the other party on any date in such notice stated, not less, however, than ten (1 0 ) days subsequent to the date on which such notice shall be given, covering lease for agricultural purposes of Lots 2, 3, 4, 5 , 6 and 7, Block 5» Tract No. 1343* containing thirty (30) acres, in City of Industry, California, be, and the same is -1-