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<br />, " <br /> <br />Section 3 Duties of President <br />The president shall preside at all meetings of the directors or stockholders. He <br />shall sign as president all certificates of stock and all contracts and other instruments in <br />writing which may have been ordered by the stockholders or directors, He shall supervise <br />all officers and employees of the company and see that their duties are properly <br />discharged, and report to the board of directors any negligence or misconduct of such <br />officers or employees. It shall be his duty to see that all ditches are in repair for carrying <br />water and that water is running therein as soon as and whenever available from the Grand <br />Valley Irrigation Company, He shall in general, be the chief executive officer of the <br />company, and shall present a report of the general conduct and transactions of the <br />company at the annual stockholders meeting, He shaH, in conjunction with the <br />secretary-treasurer, have authority to negotiate any loan in the name of the corporation <br />which may be deemed necessary by the stockholders or the board or directors; and any <br />notes or instruments of writing in behalf or on account of such loan shall be executed by <br />the president and the secretary-treasurer. <br /> <br />Section 4 Duties of Vice-President <br />The vice-president shall act in all instances with the same duties and authority as <br />the president whenever the president shall, 'for any cause, be absent or under disability. <br /> <br />Section 5 Duties of Secretary- Treasurer <br />The secretary-treasurer shall keep a full and accurate record of the actions of the <br />stockholders at the annual meeting and any and an special meetings, and of the acts ofthe <br />board of directors at regular and special meetings, shall give notice of any and all meetings <br />as called by the officers and required by these by-laws, and shall keep a complete record of <br />all financial transactions of the corporation, and shall keep all monies of the corporation <br />deposited in some bank or banks, and shall receive all monies of said corporation and pay <br />the same out under his signature by check according to the instructions of the <br />stockholders or board of directors. The secretary-treasurer shall make an annual report to <br />the stockholders, and shall, as often as required by the board of directors, report the <br />condition of the corporation, finances. The secretary-treasurer shall join in the execution <br />with the president of the corporate name in the signing of notes, certificates of stock and <br />other business documents of the corporation. At the completion of the term for which the <br />secretary-treasurer is elected, he shall turn over to this successor a complete record of the <br />company's business during the time of his incumbency and a complete statement of all <br />monies collected, due the company and expended during his incumbency, and deliver to <br />his successor all monies in the treasury together with receipts and vouchers. The <br />secretary-treasurer shall keep the stock certificate ledger and make notation of all stock <br />issued, transferred, returned into the treasury or cancelled. He shall, under the direction of <br />the board of directors, levy and collect all assessments on stock and give notice of <br />delinquencies. The secretary-treasurer shall have charge of the official seal and affix the <br />same to all instruments requiring the seal. <br /> <br />-3- <br /> <br />.-.J <br />