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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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5.9 SALARIES. The Officers shall not receive any stated salary for <br />their services. The Shareholders may vote to pay to any <br />Officer, rendering usual or exceptional services to the <br />Corporation, special compensation appropriate to the value of <br />Such services. <br />ARTICLE VI <br />CONTRACTS, LOANS, CHECKS, AND DEPOSITS <br />6.1 CONTRACTS. The Board of Directors may authorize any <br />Officer or officers, agent or agents, to enter into any contract <br />or execute and deliver any instrument in the name of and on <br />the behalf of the Corporation, and such authority may be <br />general or confined to specific instances. <br />6.2. LOANS. No loans shall be contracted on behalf of the <br />Corporation and no evidences of indebtedness shall be issued <br />In its name unless authorized by a resolution of the Board of <br />Directors. Such authority may be general or confined to <br />specific instances. <br />6.3 CHECKS, DRAFTS, ETC. All checks, drafts, or other orders for <br />the payment of money, notes, or other evidences of <br />indebtedness issued in the name of the Corporation shall be <br />signed by such officer or officers, agent or agents of the <br />Corporation and in such manner as shall from time to time be <br />determined by resolution of the Board of Directors. <br />6.4 DEPOSITS . All funds of the Corporation not otherwise <br />employed shall be deposited from time to time to the credit <br />of the Corporation in such banks, trust companies or other <br />depositories as the Board of Directors may select. <br />ARTICLE VII <br />FISCAL YEAR <br />The fiscal year of the Corporation shall begin on the first day of <br />14 <br />
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