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� � i � � r � � � � � � i� � � � � � <br />� <br />Syl aw� of tl <br />Bul 1 Cr��4c Re��rvoi r� <br />Canal �.nd F`ow�r Co� <br />March 14, 3992 <br />Articl� I <br />Section 1 <br />The b�isinees affairs of tAis CompAny shall be control]e6 by a boaro of <br />five (5) directors, who sha�ll be el�clad annually at tha regular annual <br />meeting of Stockholders as hereafter provided, and shall hold their <br />offices until their successors are elected and quali4ied. <br />5ection 2 <br />Said Directars ahall be etocleholders in said Company. <br />Section S <br />Any va�ancy accuring on the Soard of Directors shall be filled by the <br />remaining members of said 6oartl. <br />Ar t i c 1 e I I <br />Section 1 <br />The Stockholdera, at their regular annual business meeting, ahall elact <br />a President, a Vice-President, a Secretary-Treeeurer, and twa Directors <br />at �arge� who shall hold their oifices for ane year. These officera <br />��will be khe Directors o4 Yhe Company. <br />Section 2 <br />The 5ecretary-Treasurer shall give bond fn auch sum and with auch <br />security as the Directors may request, conditioned upon the faithfu} <br />per4ormance of hSa duties, end to turn over to his auccensar in offlce� <br />all hooks. papers, vouchers, money funda nnd property of whataver kind <br />or neture belonging to the Company upon the expiration of his term of <br />office� or worth �uch other condltions as may be proper. <br />Section 3 <br />The Fresident nhall presitle at ali meetings oi khe Hoard of Directora <br />ar Stockholders. He shall sign as President all certiflceteg of stock <br />and all contracts 3n writinq, which may have been ordered by !he Bowrd <br />04 �irectors. and all vnuchers for th• paymQnt of ma�ey by the <br />TreasurQr. He ahall aupervlse all officers and employees af the <br />Company and see that their duties are properly discharged and report to <br />the Baartl of Directors any negligence or misconduct oi such offic�r's or <br />employees. In the ab�ence or di9ability of the President, the <br />Vice-Fresident ahall perform his duties. <br />Sectlon 4 <br />The SecretAry ehall keep a record oi the proceedings hr�d by the Noard <br />of Directora and also the mectinge af thQ Stockholders. Ha ahall keep <br />a book of blank certlficates o4 stock, fill up end countersign all <br />certificates issued and make the corresponding entries upon khe <br />marginel stubs of each of such certificates issued. <br />He ehall keep a stock ledger in due form showing the number o4 shares <br />issued to and transferred by any 9tockholder and the date of issuance <br />and transfer. He shall have charge of the corporate seal of the <br />Company and �hall affix the oame to inwtrumenta requiring a seal. He <br />shall ke2p in the manner preacribed by the Soard o4 Directors� all the <br />accounte a9 the Company in the books pravidad for auch purpose. He <br />shall collect all money due the Company end pay the aame into the <br />treeeury. He nhall dischnrge such other duties as pertain to his <br />office and as may be pr�scribed by the Hoard of Directors. <br />Section S <br />The Treasurar aha11 Y,eep safely all moneys helonging to the Company and <br />disburse the same under �he direction of the Boerd of Directors upon <br />vauchers eigned by the President wnd counter�igned by the Secretary and <br />not otherwise. The Vice-President may sign in the absence of the <br />Treasurer ar President. <br />Ht the wnnual meetinq of the Stockholder■ he shell submit a complete <br />statement o4 his accounts for the past year with the proper vouchers <br />for their informatian. He shall preform au�h other duties as shal] <br />pertain to his office as shali be prescribed by the Board of Directors. <br />Article III <br />8ection 1 <br />Meetings of the 8oard of Directors may he called by the President when <br />he may deem it �ecessary� or by the 3ecretary upon the request o4 any <br />tNO membere of the board. <br />5ectian 2 <br />A ma�arity of the Hoard of Director8 shAll conatitute a"quorum" for <br />the trensaction of buslness hut a less numher may adjourn from day to <br />day upon giving notice to rbsen! members af said board af such <br />ad.fournment. <br />6ection 3 <br />The Baard of DSrectore anall have power to� <br />Ist To call special meeting of Stockholders whenever they deem it <br />necessary by notifying all Stockholders thirty t30) days prior to auch <br />meeting. Notification will b• made hy the Secretary of the Company 6y <br />mail and/or personally by te]ephone or peronal contact. <br />� <br />0 <br />-1- -2- <br />