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By-laws

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BY-LAWS. Rules and ordinances made by a corporation for its own government.
     2. The power to make by-laws is usually conferred by express terms of the charter creating the corporation, though, when not expressly granted, it is given by implication, and it is incident to the very existence of a corporation. When there is an express grant, limited to certain cases and for certain purposes, the corporate power of legislation is confined to the objects specified, all others being excluded by implication. 2 Kyd on Corp. 102; 2 P. Wms. 207; Ang. on Corp. 177. The power of making by-laws, is to be exercised by those persons in whom it is vested by the charter; but if that instrument is silent on that subject, it resides in the members of the corporation at large. Harris & Gill's R. 324; 4 Burr. 2515, 2521; 6 Bro. P. C. 519.
     3. The constitution of the United States, and acts of congress made in conformity to it the constitution of the state in which a corporation is located, and acts of the legislature, constitutionally made, together with the common-law as there accepted, are of superior force to any by-law; and such by-law, when contrary to either of them, is therefore void, whether the charter authorizes the making of such by-law or not; because no legislature can grant power larger than they themselves possess. 7 Cowen's R. 585; Id. 604 5 Cowen's R. 538. Vide, generally, Aug. on Corp. ch. 9; Willc. on Corp. ch. 2, s. 3; Bac. Ab. h. t.; 4 Vin. Ab. 301 Dane's Ab. Index, h. t., Com. Dig. h. t.; and Id. vol. viii. h. t.



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3 of the by-laws at the company's annual meeting on May 30.
Ahmanson and certain other persons named below may solicit proxies (a) to elect three nominees and one or more alternate nominees (the ``Nominees'') as directors of GWF at the annual meeting of stockholders of GWF to be held on a date to be announced (the ``Annual Meeting'') and (b) in favor of the adoption at the Annual Meeting of a non-binding stockholder resolution and seven proposals to amend the By-laws of GWF.
WASHINGTON--(BUSINESS WIRE)--April 25, 1997--A shareholder proposal to amend the by-laws of Harrah's Entertainment (HET) to redeem the company's poison pill and require prior approval by a majority shareholder vote for adoption of any such poison pill in the future received overwhelming shareholder support today according to preliminary results.
 
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