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upr000196 73

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upr000196-073
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    University of Nevada, Las Vegas. Libraries

    6 0 0 -3 5 7 Lands & Lots - Otis - Sale of. Dec, 23rd, 1908* Mr, J. Ross Clark, Vice President, Dear sir Replying to yours of the 19th in s t., relative to the above sub­ject, and returning your file herewith , I beg to say that under it,s Ar— t id e s of Incorporation, the Las Vegas Land & Water Company has no power to own real estate in California, Its power to own real estate is limit­ed to real estate in the State of jfevada. It has power to own and s e ll ' water and writer rights. It has power also to acquire plants and machin­ery for the making and selling of gas and electricity for light, heat and power. It has no power to own telephone and telegraph plants. It may amend its articles of incorporation to enable it to hold real estate in the State of California, and thereupon would be required to file its articles in the County in California in which it owns real estate and does business, and also with the Secretary of State, The amendment to the articles can be made by the Board passing a re- ”>sw solution that such change is advisable and calling a meeting of the stock­holders to take action thereon. The stockholders* meeting should be held on notice as provided by the by-laws, or upon ten days notice to a ll stock­holders given personally, or by juail. Upon the adoption of the amendment by the stockholders, a certificate thereof, signed by the President and * p Secretary, under its corporate seal, acknowledged or proved as in the case of deeds to real estate, and the written consent, in person or by p r o x y , by two-thirds in interest of the stockholders and creditors, shall be f i l ­ed with the 3#eretary of state of Revada, and thereupon a certified copv