The General Motors Acceptance Corporation, which issues car loans and leases, earned $307 million in the third quarter, up from $254 million.
To maintain that control, the Corporation has a policy of never selling any portion of its land, though it does issue leases for as long as 50 years.
Change in a Lease Question: I issued leases to my tenants without provisions for a penalty fee for late rent payments.
"Basically, all that's legally required is for the co-op to apportion the shares appropriately and issue new proprietary leases," he said.
All of the area's land is owned by the County of Los Angeles, which issues long-term leases to private citizens.
This is the second time state officials have been criticized for issuing lucrative leases to friends or associates of the governor.
Last month the service was ready to publish rules for issuing such leases, but the Interior Department objected.
The Government contended that it had the right to issue leases because it owned the land beneath the huge reservoir.
In 1978, Green Thumb began issuing yearly leases to the feisty squatters who were cleaning up their neighborhoods.
They usually include issued long-term bonds, notes payables, long-term leases, pension obligations, and long-term product warranties.