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Mr. Frank Strongs Los Angelesi September 24> File 80 80*2 1941. Referring to your verbal request for appro* prl&te necessary action for election of Mr. Ashby as Vice President of the Las Vegas Land and Water Com* panys The by-laws of the Water Company* Article IV* Section 1* provide that at the first regular meeting of the Board of Directors after the annual election* the Board shall elect from its members a President* and shall also elect two Vlce*Presidents» *** and suoh other officers as the Board shall deter­mine. Article VI, Section 2* provides that the by-laws may be amended at any annual meeting of the stockholders, or at any special meeting called for that purpose* or by written consent signed by the holders of at least a majority of the stock* Under Article VI, section 1* the Board of Directors.would have authority to elect another Vice* President on the theory that the Vie ©-President was. "such other officer" • Unless there is some immediate need for the election of Mr. Ashby as Vice-President* I suggest that we wait until the regular annual meet­ing of stockholders* and then amend the by-laws to provide either for the election of four Vice-Presi­dents or for the election of one or more Vice-Presi­dents by the Board of Directors. The latter would be preferable* as 'It would give the Board considerable leeway in increasing or decreasing the number of Vice-Presidents. E« E. Bennett EEBjBS