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C150301 feas study
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C150301 feas study
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Last modified
1/22/2015 9:57:47 AM
Creation date
12/28/2009 3:24:01 PM
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Template:
Loan Projects
Contract/PO #
CT2015-050
C150301
Contractor Name
Riverside Ditch and Allen Extension Company, The
Contract Type
Loan
Water District
11
County
Chaffee
Loan Projects - Doc Type
Feasibility Study
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specified therein, the acceptance of such resignation shall not <br />be necessary to make it effective. When one or more Directors <br />shall resign from the Board, effective at a future date, a <br />majority of the Directors then in office, including those who have <br />so resigned, shall have power to fill such vacancy or vacancies, <br />the results of the vote thereon to take effect when such <br />resignation or resignations shall become effective. <br />3.13 REMOVAL OF DIRECTORS. Any Director or officer may be <br />removed from office in the following manner: Any member may <br />bring charges against any Director or officer by filing them in <br />writing with the Secretary of the Company, together with a <br />petition signed by 25% of the Shareholders, requesting the <br />removal of the Director or officer in question. Such removal <br />shall be voted upon at the next regular or special meeting of <br />the Shareholders, and shall be effective if approved by a vote <br />of a majority of the Shareholders present at such meeting. The <br />Director or officer against whom such charges have been <br />brought shall be informed in writing of such charges five (5) <br />days prior to the meeting, and shall have the opportunity at <br />such meeting to be heard in person or by counsel, and to <br />present witnesses; and the person or persons bringing such <br />charges against him shall have the same opportunity. If the <br />removal of a Director is approved, such action shall also vacate <br />any other office held by the removed Director in the Company. <br />A vacancy in the Board thus created shall immediately be filled <br />by a vote of a majority of the members present and voting at <br />such meeting. A vacancy in any office thus created shall be <br />filled by the Directors from among their number so constituted <br />after the vacancy in such Board has been filled. <br />3.14 PRESUMPTION OF ASSENT. A Director of the Corporation <br />who is present at a meeting of the Board of Directors at which <br />action on any corporate matter is taken shall be presumed to <br />have assented to the action taken unless his dissent shall be <br />entered in the minutes of the meeting or unless he shall file his <br />written dissent to such action with the person acting as the <br />Secretary of the meeting before the adjournment thereof or <br />shall forward such dissent by registered mail to the Secretary of <br />the Corporation immediately after the adjournment of the <br />J <br />
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