PROJ02105

• Contract/PO #: FS0065FX
• Contractor Name: Greeley and Loveland Irrigation Company
• Contract Type: Loan
• Water District: 0
• County: Larimer
• Loan Projects - Doc Type: Feasibility Study

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Section 3. Powers of the President.

In all cases where the duties of subordinate officers,
agents, clerks, servants and employees of the corporation are not
specifically described in the By-laws or resolutions of the Board,
such officers, employees and agents shall obey the orders and instruc-
tions of the President, and the President may remove or suspend any
clerk or other servant of the corporation and fill the vacancy until
the next meeting of the Board.

Section~. Vice-President.

The powers and duties of the President shall be exercised
by the Vice-President in case of his death, absence or inability.to
act; and in case of the death, absence or inability of the Vice-
President, the duties and powers of President shall devolve upon one
of the Directors chosen by the remaining.members of the Board.

Section 5. Secretary.

The Secretary shall keep a record of the proceedings oT the .
Board of Directors; shall act as recording secretary at all meetings
of the stockholders; shall keep in his charge at the office of the
corporation all the books, papers, correspondence. and the seal of the
corporation, which shall be open at all times to the inspection of any
of the directors; shall attest by his signature, and the seal of the
corporation, all of its official documents and certificates of stock;
shall be the custodian of all bonds, notes, documents and archives of
the corporation; shall prepare and keep proper books of account for the
business of the corporation; shall carefUlly examine all bills and
accounts against the corporation and present the same to the Board for
their action; shall certify all bills and vouchers audited by the
Board; shall collect all assessments and money due the corporation,
and deposit the same to the.corporation banking accounts; shall make
a report of the business transacted by him annually at the stockholders'
meeting, and to the Board of Directors whenever required by the
President of the Board, and exhibit and explain the same; shall attend
to the correspondence of the corporation and perform all the duties
usually pertaining to the office of the Secretary. In case of the
death, absence or inability to act of the Secretary, his duties and
powers shall be exercised by a Secretary pro tempore.

Section 6. Treasurer.

The Secretary or Treasurer shall be the custodian of all
moneys of the corporation, and pay the same out only upon proper vouchers
or warrants certified by the President and Secretary, and shall keep
a record of all moneys received and paid out and all vouchers and
receipts given therefor. He shall make a report annually.to the stock-
holders, also shall report to the Board as often as requested by the
President of the Board, and shall at least once a year and whenever
required by the President or the Board, make a full comparison and
adjustment of his accounts with those of the Secretary. He shall have
general charge of all books, vouchers and papers belonging to the
corporation, except such as are under the special control of the
Secretary, and shall perform such duties as are incident by law to the
office of Treasurer.

Section 7. Compensation.

The officers and employees shall be compensated as determined
by the Board of Directors.

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