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Digital Provenance
Digitized materials: physical originals can be viewed in Special Collections and Archives reading room
Publisher
University of Nevada, Las Vegas. Libraries
Transcription
s -2- of incorporation datad March 9, 193$ the existence of the corporation was extended until May 26, 2037* The nature of the business to be transacted by the corporation, according to its articles, "shall be the purchase and sale of lands and town lots, the subdivision of lands owned by it into lots, blocks and the dedication of streets and alleys to public use, and the improvement of the same or any part thereof in this State and in all the states and territories of the United States, to borrow money on its notes and for that purpose to mortgage and pledge its property or any part thereof as security therefor, and to do any and all things lawful and necessary to be done In the transaction of a general land business." I do not believe there is any statutory provision in either California or Nevada which would prevent a qualified foreign corporation from owning and holding real property in either state, but I should like to have this impression confirmed if it is correct. W E Rouse
