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� <br />4 <br />♦ ' . <br />BY,LAW3 OF THE TRINCHERA IRRIG�ITION OOM�ANY. <br />ARTICLE I. ' <br />3oard of Direotors. <br />8ection 1--Election--Ae snecified in the Artiolea of In- <br />corporation of thia company; the Board of Directora conalate oi <br />five member�i each of Ahom ehall be a etockholder of the Company. <br />The membere di the bogrd ehal� be elected by the etocicholdere at <br />their annusl meetin� each yeat� and ehall hold their respeotive <br />offices, ae directors, for a te�m of one year, or until their <br />succeseore ehall have beeh eleoted and qualified. <br />�eotion 2--VaoAncies--Any and ell vacancies in the•of- <br />fica of director shaZl be filled by a rna�ority vote of the re- <br />maining directore, at sny regular or epecial meeting thereof. <br />A vace,ncy shall eziet �hQn e, direotor dies, resigne, ie �udi- <br />cially declared a lunatie, or oeases to be a stockholder of the <br />cor�pany� <br />Section 3--Dutiee and Powers--The 3oard of Directore <br />eha11 exercise general eupervision of the affairs of the company; <br />shall eleat, anpoint, or desianate; and m�y remove all ofPioere, <br />aRente, attorneye and employees; �hall receive and paee upon <br />reporte of the eecretary and treasurer; and ehall approve or <br />re�ect all bille and accounte aq�inet the company; ehall let <br />all contracts for work authorized b� the company; ehall prepare <br />proper reporte, audite and recommendatione for eubmiseion to the <br />annual meetinge of the etockholdere� includinq a proposed budqet <br />of expenees for each anauing year'. <br />8ection 4--Quorwn--A ma�ority of all the membere of <br />the Board of Directore ehall conetitute a quorum for the purpose <br />of traneaating any and all businese oi the board. Any number of <br />directore less thon a quorum ehall have power and authority to <br />adjoux'n ariy meetin� oi the board, from time to time, until a <br />ouorum ehall be preepnt. <br />