C150002 Feasibility Study

• Contract/PO #: C150002
• Contractor Name: Grand Valley Water Users' Association
• Contract Type: Grant
• Water District: 0
• Bill Number: SB 97-8
• Loan Projects - Doc Type: Feasibility Study

vS~ction 3. Vacanc ies.

Any vacancy occuring in the Board of Directors shall be

filled for the unexpired term by a majority of the remaining

members. In the event of the membership of the Board falling

belCJlo1 the number necessary for a quorum a special meeti~ of

the stockholders shall be called and such number of Directors

shall be elected thereat to restore the membership of the Beard

to its full number.

Section 4. Regular mee tine; s .

The regular meetings of the Board of Directors shall be

held in the office of the Association in the City of Grand

Junction, Colorado, at 10 o'clock a.m. on the fifth day of each

month, if not a legal holiday, but if a Sunday or a legal holiday,

then on the day following. If deemed expedient, however, the

Board may meet any time or place, provided the plac:e is desig-

nated in the notice of the meeting.
Section 5. Special Meetings.

Special l1'eetings of the Board of Directors may be held at

any tirre on the call of the President, providing each member of

the Board be given notice of the tiJne, place and purpose of

meeting at least 24 hours prior thereto. Special meetings may

be held at any time and place and without notice by unanimous

consent of the Board.

Section 6. Quorum.

A majority of the Board of Directors shall constitute a

quorum and a majority vote of the members in attendance at any ..

Board meeting shall in the presence of a quorum, decide its

action. A minority of the Board present at any regular or special

meeting may, in the absence of a quorum, adjourn to a later date,

but may not
~ction 7.

transact any business until a quorum has been secured.
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Election of Officers.
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At the

first meeting of the Board of Directors after the
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directors each year, a President, Vice-President,
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election of