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Vice-President Knickerbocker presented lease agreement, ***** August 33, 1933, la favor of (ward of eater and P m m Qee&issiuaers of tbe fifty of Los Angeles, for l»ia of tores years twm July l§, litS, covering site approxinately as)©* * i©©* Sloet f* tract 234®, feme, fiwlif., for headquarters location, sterage til distribution of enteritis in connection vita conetxue-tion of Boulder fi&nyon trance!colon line, rental §39.30 p«r thereupon, oa action duly seconded, it woo K l SOL f is, That to# notion of Vice—President ia woo at lag oa® delivering sforewentioned leave agreeoent be, and tie ease it hereby, ratifled, approved and confirmed. On notion duly seconded it was lif SOLVES, flat tie aetiea of freeident and leal stoat secretary la executing agreement, dated ieptewbtr 19 193$ between tils eoapaay sad Albert tittwer, coverlug lease of so-csiled La* Vega* Beach property, at La* Vegaa, Kevada, for tern of tea (10) year* frea September 1, 1933, at rental of 13,000.00 per annua, payable fldd.gg per month la advene#, together with other previsions, be, mad tie same ie hereby, ratified, approved and confirmed. Vice-President Knickerbocker suborned eorreapendeaoe wit! Messrs. ©ray and Jeffers, covering construction of manufacturing pleat and warehouse, and tele of site end ia^sovnM&ti, at &iatb ead itperanra Sts., Salon r&cUie Tract Me. 1, Lee Angeles, California, to ttoe General sable fierperatiea, ae autaerieed by tr. dray1# tele-free 0-139 of August I* and else August 10, 1933 advising 1*4gL m fie. Xzecutlve ficm&ittee bad on latter eentiened date atseatad tnereto. Owing to necessity for proceeding with remediate construction of inpreveweat* pending eseeutlea of appropriate agreements with oeaeral Cable Corporation, contracts ware entered late wit! contractor* to •®®ter construction of buildings and erection of steel, as follow*: 1. contract dated September 13, 193$ with Chec. a, Q+iatf and fionald ineianan, executed by President Jeffers, providing for construction of one-story mill and factory building, together with machinery foundation*} payment for structure complete to be 143,709.00} for machinery foundations, $3,509.99; provision unde for basis of payment covering any additional wort datesained upon.