Proof.
Assume (1), (2) and (3). Condition (3) means S = \mathop{\mathrm{Spec}}(R) for some ring R. Condition (1) means by definition there exists a quasi-coherent \mathcal{O}_ S-module \mathcal{E} and an immersion \alpha : X \to \mathbf{P}(\mathcal{E}) such that \mathcal{L} = \alpha ^*\mathcal{O}_{\mathbf{P}(\mathcal{E})}(1). Write \mathcal{E} = \widetilde{M} for some R-module M. Thus we have
\mathbf{P}(\mathcal{E}) = \text{Proj}(\text{Sym}_ R(M)).
Since \alpha is an immersion, and since the topology of \text{Proj}(\text{Sym}_ R(M)) is generated by the standard opens D_{+}(f), f \in \text{Sym}_ R^ d(M), d \geq 1, we can find for each x \in X an f \in \text{Sym}_ R^ d(M), d \geq 1, with \alpha (x) \in D_{+}(f) such that
\alpha |_{\alpha ^{-1}(D_{+}(f))} : \alpha ^{-1}(D_{+}(f)) \to D_{+}(f)
is a closed immersion. Condition (2) implies X is quasi-compact. Hence we can find a finite collection of elements f_ j \in \text{Sym}_ R^{d_ j}(M), d_ j \geq 1 such that for each f = f_ j the displayed map above is a closed immersion and such that \alpha (X) \subset \bigcup D_{+}(f_ j). Write U_ j = \alpha ^{-1}(D_{+}(f_ j)). Note that U_ j is affine as a closed subscheme of the affine scheme D_{+}(f_ j). Write U_ j = \mathop{\mathrm{Spec}}(A_ j). Condition (2) also implies that A_ j is of finite type over R, see Lemma 29.15.2. Choose finitely many x_{j, k} \in A_ j which generate A_ j as a R-algebra. Since \alpha |_{U_ j} is a closed immersion we see that x_{j, k} is the image of an element
f_{j, k}/f_ j^{e_{j, k}} \in \text{Sym}_ R(M)_{(f_ j)} = \Gamma (D_{+}(f_ j), \mathcal{O}_{\text{Proj}(\text{Sym}_ R(M))}).
Finally, choose n \geq 1 and elements y_0, \ldots , y_ n \in M such that each of the polynomials f_ j, f_{j, k} \in \text{Sym}_ R(M) is a polynomial in the elements y_ t with coefficients in R. Consider the graded ring map
\psi : R[Y_0, \ldots , Y_ n] \longrightarrow \text{Sym}_ R(M), \quad Y_ i \longmapsto y_ i.
Denote F_ j, F_{j, k} the elements of R[Y_0, \ldots , Y_ n] such that \psi (F_ j) = f_ j and \psi (F_{j, k}) = f_{j, k}. By Constructions, Lemma 27.11.1 we obtain an open subscheme
U(\psi ) \subset \text{Proj}(\text{Sym}_ R(M))
and a morphism r_\psi : U(\psi ) \to \mathbf{P}^ n_ R. This morphism satisfies r_\psi ^{-1}(D_{+}(F_ j)) = D_{+}(f_ j), and hence we see that \alpha (X) \subset U(\psi ). Moreover, it is clear that
i = r_\psi \circ \alpha : X \longrightarrow \mathbf{P}^ n_ R
is still an immersion since i^\sharp (F_{j, k}/F_ j^{e_{j, k}}) = x_{j, k} \in A_ j = \Gamma (U_ j, \mathcal{O}_ X) by construction. Moreover, the morphism r_\psi comes equipped with a map \theta : r_\psi ^*\mathcal{O}_{\mathbf{P}^ n_ R}(1) \to \mathcal{O}_{\text{Proj}(\text{Sym}_ R(M))}(1)|_{U(\psi )} which is an isomorphism in this case (for construction \theta see lemma cited above; some details omitted). Since the original map \alpha was assumed to have the property that \mathcal{L} = \alpha ^*\mathcal{O}_{\text{Proj}(\text{Sym}_ R(M))}(1) we win.
\square
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