C150171 Feasibility Study

• Contract/PO #: C150171
• Contractor Name: Terrace Irrigation Company, The
• Contract Type: Loan
• Water District: 0
• County: Conejos
• Loan Projects - Doc Type: Feasibility Study

I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I

Section 3. Secretary: It shall be the duty of the Sec-
retary to keep the minutes of the meetings of the board of direc-
tors and stockholders; to keep custody of the corporate seal and
affix the same to all certificates of stock, and contracts and
conveyances requiring the same;

To carryon all correspondence of the Company and to keep
a record of the issuance and transfers of stock;

To keep a record of the name and post office address of
each stockholder, and a correct record of all transactions of the
company in proper books of record;

To collect all assessments and other moneys due the Com-
pany and turn them over to the treasurer and make written report at
the annual meeting of stockholders;

He shall furnish bond in such amount as may be required
by, and with security satisfactory to, the board of directors.

Section 4. Treasurer: The Treasurer'shall have charge
of the funds of the Company, after filing such bond as the board of
directors shall require, and shall payout the same only on vouch-
ers countersigned by the President or such other officer as the
board of directors may direct. He is required to keep written
books of account showing all receipts and expenditures and shall
deposit in such bank as the board of directors may, by resolution,
select. He shall render an account to the stockholders at their
annual meeting, and to the board of directors, whenever by resolu-
tion he shall be required so to do, and his books shall be open at
all times to the inspection of any of the officers of the Company.

He shall furnish bond in such amount as may be determined
by, and with such security as may be satisfactory to, the board of
directors. Provided, however, that if the office of Secretary and
Treasurer be held by one person, one bond may cover both offices.

VI . MEET INGS

Section 1. Annual stockholders' Meeting. The annual
meeting of the stockholders for the election of directors and the
transaction of other business, shall be held at such place as may
be designated from time to time by the board of directors in the
area served by the Company, or in the City of Monte Vista, Colo-
rado, on the third Thursday of November of each year at the hour of
1:30 o'clock, P.M., on notice as required by law, and the stock-
holders in person or by their duly attested proxies, shall vote
upon matters relating to the Company.

All candidates for election as directors of the Company
shall be placed in nomination by some stockholder present, and the

A-9