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the end of the first additional twenty (20) year tenn.

4. PAYMENT

4.01 It is understood and agreed that the Society which pursuant

hereto intends to re-construct upon subject premises as the "required

construction" referred to in Section 6 hereof, that certain railway

station now situated at Saugus, California, knm,m as the Saugus Railway

Station, agrees that it will manage, operate, maintain and r~gulate the

same as an historical museum for the benefit of the general public and in

accordance with the provisions of Public Resources Code Section 5137.

5. ACCOUNTING RECORDS

5.01 Society shall be required to maintain a method of accounting

which shall to the satisfaction of the Department of Parks and Recreation

correctly and accurately reflect the gross receipts and disbursements of

Society in connection with its operation.

5.02 Society shall furnish the Department of Parks and Recreation

with an annual profit and loss statement and copies of other accounting

records and reports as required by the State and Federal Governments

regarding the tax exemption status and financial affairs of the Society.

Such annual report shall be made for the annual period commencing on

January 1 and terminating on December 31 and shall be filed 1,.,rith COlmty

not later than May 15 of each year. The first report herellllder shall

cover the period beginning with the effective date of this agreement and

terminating December31 and shall be filed by Society by the following May

15.

The report shall also include a reasonable weekly estimate of the

number of visitors to the area as well as the nllllmer of vehicles.

5.03 Income and fees derived from the use of said property shall
be used for the maintenance, control and operation of said property and

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