Thus the value of the real estate securing the bonds will at once be enhanced virtually to the full extent of the investment made by the charter members.
With the initial buildings assured and in process of erection, the membership and patronage of the club will be augmented by extending the privileges of the organization to non-investors, who will be enrolled upon payment of a fixed membership charge.

These associate members, like the charter members, will enjoy the privileges offered for themselves and their families and for such of their friends as they may desire to recommend, and for whom limited-period guest-cards are requested.
With a membership so broadly scattered as will be the membership of this club, community control of its affairs would be impracticable, if not impossible.

It has been decided, therefore, to vest the supervisory control of the club in a self-perpetuating advisory board, composed of many of the most prominent citizens of Nevada and California.
The plan proposed is a feasible and practicable one, and one that ought to appeal to nature lovers who desire just such opportunities as it will afford on Lake Tahoe.

The president of the company and the directing genius who has made Carnelian Bay possible is L.P.

Delano, of Reno, Nevada, to whom all requests for further particulars regarding the Tahoe Country Club, or of Carnelian Bay should be addressed..