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the same hereby is declared, payable on or before December 27» 1956, to stockholders of record this date. Following Authority for Expenditure Request, approved by the President, was submitted for ratification: W.O. 806, issued November 12, 1956, Los Angeles, Calif­ornia, covering installation 20 gallon capacity hot water heater, asphalt tile floor covering and new shelving. Repairing and re­conditioning existing plumbing and repainting walls and ceiling of toilet room in Vegetable Shed #3 at 777 So. Mission Road, Los Angeles, requested by National Carloading Corporation, Lessee, who will pay increased rental at the rate of 1% per month on total cost of work. Total estimated expenditure - #710; Less amount chargeable to operating expenses - #170; Estimated cost of addi­tional property, chargeable to Warehouses, Packing Houses & Equip­ment, California - #5^0. RESOLVED, that the action of President in approving the aforementioned A. F. E. Request, be, and the same is hereby, ratified, approved and confirmed. There being no further business to be transacted, on motion duly seconded, the meeting adjourned. (Signed) Wm. Reinhardt Chairman Attest: (Signed) Wo H. Johnson Secretary I, W. H. Johnson, Secretary of Las Vegas Land and Water Company, do hereby certify, that the foregoing is a full, true and correct copy of minutes of meeting of Board of Directors of said Company, held December 11, 1956. Secretary, Las Vegas Land and Water _2_ Company