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By-Laws - Las Vegas Land. & la t e r Co* Los Angeles, Nov* 4, 19 22* Mr. A. S. Hals ted: I am returning your f i l e in the above matter* These by-laws are not in co n flic t with any of the statutory provisions o f the corporation laws o f Nevada. I would suggest, however, that Sec. 2 o f A rtic le 1 provide that i f the meeting day f a lls on a holiday, i t be held on the next succeeding day. On account of the apparent con­f l i c t and inconsistencies between sections 17 and 58 of the corporation laws o f Nevada, I have always provided in Sec. 5 o f A rtic le 1, that the tran sfer books close twenty days preceding the date o f stockholders meeting. I t seems to me that Sec. 6 of A rtic le 1 should provide that in the absence o f the President or Vice-President, the other stockholders present should appoint a chairman instead of the Board of D irectors, as the Board cannot act except as a board, and they would not aLikely be in session. A rtic le 2 o f Sec. 2, provides that the regular meeting of the Board o f Directors sh all be held on the f i r s t Monday in each month at eleven l'c lo c k A.M., while Sec. 2 of A rtic le 1 provides that the annual meeting of stockhold­ers fo r the purpose o f electing d irectors, e t c ., sh a ll be held at eleven o'clo ck A.M. on the second Monday o f November o f each year. I t is usual to provide fo r a meeting of the directors immediately a fte r the annual meeting of stockholders fo r the election o f directors. The la s t lin e o f Sec. 2 of A rtic le ^ s h o u ld read Clark County instead of Lincoln. FRM-H V