A PARCEL OF LAND IN THE NE1/4 OF SEC 16, T 5 S, R 1 E, SLB&M; BOUNDARIES AS FOLLOWS: COM AT NE COR OF LAND, SD COR BEING APPROX 1726 FT E & 414 FT S FR N1/4 COR SEC 16; S 234 FT M OR L WHICH PT IS 40 FT PERPENDICULARLY E-LY FR CEN LINE OF PROJECT; N 24 54' W 78 FT; N 16 9' W 132 FT; N 60 51' E 67 FT M OR L TO BEG. AREA .16 OF AN ACRE M OR L.