~2- All that portion of Lot 41, District Lot 465, Group One, New " Westninster District as shown on registered plan 25135 included within the red outline on a by-law plan prepared by V.C. Goudal, B.C.L.S. » and dated March 14th, 1975, a copy of which is. attached hereto at or for the price or gum of One Dollar ($1.00) and in exchange for that certain parcel or tract of land described in the preceding Section hereof. 3. “ .. That part ot Perth Street outlined in green on the said plan of vV.C..Goudal, 3.C.L.S., is hereby closed and stopped up to traffic of all . Kinds. , 4. The said lands ‘to ‘be purchased from the said Ricard Holdings Ltd., “when so conveyed to the said City shall be established as an addition to the ‘roads in District Lot 465, Group One, New Westminster District. 5. ; ‘The Mayor and Gity Clerk of The Corporation of the City of Port Coquitlam are.hereby authorized to execute’such conveyances, deeds, maps, receipts and other documents on behalf of the said City as may be necessary for the purposes aforesaid and to affix the Corporate Seal of the City thereto. 6.0 ese This By-law may be cited for all purposes as the "Perth Street Plan 25135 Highway Exchange Ry-law, 1975, No. 1368".