PROJC02275 ‎(2)‎

• Contract/PO #: C150166
• Contractor Name: East Fork Mutual Irrigation Company
• Contract Type: Loan
• Water District: 50
• County: Grand
• Loan Projects - Doc Type: Feasibility Study

by the aut:trority electing them.
SecL•ion 2. Vacancies. A vacancy in any office, tare incum-
bF•nt o.f which i~ elected by the Board of Directors, may be filled at
any meeting of the IIoard of Diirectors.
Section 3. President. The President shall be the chief
e~:ecutive officer of the Corporation and shall preside at al.i meetings
o~ the stockholders and of the IIoard of Directors.
S Subject to L•he approval of the Uoard of Director:;, the Presi-
dent shall ~rppoint such officers other than those named in the: Ilylaw::
e:n:.l Pmploy such agents and employees as may, in hi.s judgment, be necessary
to conduct the business of the Corporation and discharge there at ple:a-
SurE:, and may regtrir.e from all ~Pficers, agents and errtployees such
r~lrorts as he may from l-irnc: to tune desire.
The President may execute all proper bonds, contracts any
other obligations in the Warne of the Corporation, and with the Secretary,
miry sign a.11 certiL•icates of shares of the cap.i.tal stock of. L-}u: Corporation;
sl~:rll have all powers and perform all duties incidental to suc;ir off.ic:e;
and shall clq and her. ~ orm such other duti.c~ as may from time Lo l•im~
be a:; ,iyued to }rim by the Board of Directors.
'Flit- President shall prepare and pra_sent to the IIo~rrd of UirecL-or:;
for its approval a report to the stockholders vi the coudi.tion and
re5nlLS of the busin:~s:; o:E llr~ Corp~rati.on £or each calendar year.
Esecr:ion 4. Vice President. In case of the ab:;enc~ or i.n:rh.i.l-
i~:~ of t.hr~ P.rusi.QF:nC. to p~r[orm any oI the dutic~ of hi:: of!'ica, tlue
V.i~:o 1'r:cs.id^nt: slral.l part•orm :arch c:uties. 'i'he Vice President shall
zr.Lso perform such other. duties as may be assigned to him by l-h~ IIoard
oC (~irector-;.
Sect:ian 5. i'r.easrtrrar. Thc: '1'rea: urc~r: .ha.11 be t:he f inan~_.i.n1
oC;:.ice_r of the. ~orho.r.ai:iun and shall have charge of the fund;;, bond:;, •
:;!~.,~•1; and ol:irr. secur.iti.ee; 047nE"[ }.,y the Cocpor.at.i.c,n; but hr. shall make
n, ir;<;rr or invc.t:m~n1: wit}rout the authority o" l•he Board of Uirectors.
[:r ;;h-rl1 k~ p books of account, :;howi.ng all. r.r.ceihL:s and expendiL•uras.
Ile :;Ittrll render an account to L•he stockholders at their annual meeting
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