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( \ (. If a ~ajority of th~ stock of the Company is not represented at a meeting, th~ minority ~ay adjourn to some future day, not exceeding sixty (60) days. . Section 4 Special meetings of the stockholders shall be called at any tiwe upon the de~and of stockholders' owning one- half of the outstanding capital stock of the Company, or as otherwise provided by law, which demand shall be in writing and addressed to the President of the Company, and such special meet- ings may be :called at any time by majority vote of the Board of Directors: arid at any such special meeting, no matter how called, the business transacted thereat shall be confined to the purposes stated in the notice thereof. . Section 5 That at all meetings stockholders may vote either in person or by proxy and shall be entitled to one vote for each share of stock standing in their respectiv~ names on the books of the Company, as provided by law and these Bylaws. Section 6 Cumulative voting shall not be allowed. (Amended Jan~ary 6, 1986.) ARTICLE III " .- DIRECTORS " Section 1 The' directors of the Company shall consist of a board of' five me~bers who shall each be a stockl'lolder of the Company and who shall be elected for three year terms, by ballot, by,: the stockholders at the regular annual meeting of the. stock- holders: PROVIDED, HOWEVER, that if for any reason directors shOuld not be elected at such regular annual meeting of stock- ho~ders-, they may be elected at a special meeting to be called for that purpose in the manner and upon the notice as herein- before provided for special meetings of the stockholders: and, provided further, that during the test period the Board of Direc- tors of the Co~pany shall be selected and elected by the stock- holders as provided in said aforementioned Decree. (Amended January 6, 1986.) Section 2 The directors shall hold office for the term of three years or until their successors are elected and quali- fied. Directors are limited to three consecutive three year terms or portion thereof and then is not eligible.to ~e a direc- tor for three years. The canal system will be divided into four districts with districts numbered 1, 2, 3 and 4 starting on the West side and nUJTIbering to the East. "A district is defined as the water rotation sections which have historically been used to section the water. Each distr lct will have a board member and any eligible stockholder within a district may run for the office and represent this district. There will be one Director at Large which can live in any of the districts. For the year 1986 Dis- .tricts 2 and 4 will be elected for three ye~r terI'(ls: Districts 1 and 3 will be elected for two year.terms and a Director at Large Page 6 t~ 1i. 'i~~ . . "