While there is no hotel at present there are several cottages and bungalows especially erected for rent to transient guests, and a good store, together with its close proximity to Tahoe City and Tahoe Tavern, render a summer vacation here one of comfort, pleasure and perfect enjoyment.
The increasing need exists among those who are familiar with the beauties and advantages of Lake Tahoe as a summer residence resort for accommodations for families or transients where the usual comforts of home may be obtained at a cost not prohibitive to the family of ordinary means. Last year no less than 80,000 persons visited Lake Tahoe. It is safe to say that this number will increase annually, particularly with added accommodations at the Lake and with better facilities for automobile travel. The proximity of Lake Tahoe to the coast cities and the cities of the Sierras and the Middle West makes it at once attractive to the business man who desires to spend his summer vacation where the family is located for the summer months.
The Tahoe Country Club is designed to meet the need. The incorporators have taken over in fee simple a beautiful tract embracing about 1500 feet of the beach at Carnelian Bay, California, perhaps the most attractive site on Lake Tahoe. It commands a view of the entire length of the Lake, looking toward the south, and embracing a magnificent panoramic view of the mountains beyond. This site contains approximately nine acres, and includes a natural inland harbor, making off from a protected bay. The beach is shallow, of clean sand, sloping down from easy terraces beautified by shade trees and lawns.
The plan of organization of the Tahoe Country Club is cooperative. Its benefits are to be shared by its members, their families, and such of their friends as they may invite to be guests of the club. The properties taken over by the incorporation, including the 1500 feet of beach front, harbor, wharf, and a system of water works already installed, together with the perpetual title to the water rights, is conservatively appraised at $30,000. This is held in fee, free from incumbrance.
The charter—or organizing—members of the club will be the investors in the bonds issued and secured on the real estate taken over by the incorporation. This bond issue, the redemption of which will be guaranteed by first mortgage on the properties, will be for $20,000. These will be in denominations of $100 each, bearing six per cent. interest after two years from June 1, 1914, and will be redeemable, at the option of the mortgagor, at any regular annual interest period on or after five years from the date of issue. They will be payable in fifteen years.