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upr000196 216

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upr000196-216
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&r* Frank strong 10/4/41 the re v ie w by the Board o f D ire c to rs o f a l l c o n trac ts o r work o rd e rs executed between m eetings o f th e Board o f D irectors# I t would see® th a t the By-Laws a iffe t w e ll bo amended to comply w ith th e By-Laws o f the Union P a c if i c and the LA&SL* This would r e t i r e an aaendm n t to A r t i c l e IV# S e c tio n 2# which would read a s fo llo w s } wS ectio n 2* The P re s id e n t sh a ll# s u b je c t to th e Board o f D ire c to rs and the E xecutive Committee* have p e rso n a l s u p e rv isio n and con­t r o l o f the bu sin ess o f the Company* Be s h a ll* e it h e r In person o r by such re p re s e n ta tiv e s a s he s h a l l d esign ate* approve a l l p a y r o lls and o th e r accounts p ayable* and s h a ll d isc h a rg e such o th e r a s t ie s a s may be imposed by the Board o f D ire c to rs . * I t p ro b a b ly would be n ecessary to in c o rp o rate an e n t ir e ly new a r t i c l e in the Das Vegas By-Laws* which mlqht be known as A r t i c l e VI# re a d in g s u b s t a n t ia lly a s fo llo w s } S ectio n 1# Ho c o n tra c t to continue f o r a p e rio d exceeding two y e a rs from the time o f the execu tion o f the co n tra c t s h a l l be e&de without the ap proval o f the B o a rd o f D irector© o r the Executive Committee, except a s h e r e in a ft e r s p e c i f i c a l l y u th o rlzed * se c tio n Z» Leases o r co n tra c ts lic e n s in g the use and occupation o f p o rtio n s o f the p ro * p a rty o f the company f o r a p e rio d not exceeding two y e a rs ; lic e n s e s # perm its and c o n tra c ts f o r o ro s s ln g s c v c r o r under th e p ro p erty o f the com­pany by r a ilr o a d s # h i$tm ye# canals# p ip e lin e s# te le g ra p h and telephone li n e s and s im ila r c r o s s -