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- 5 - <br />Company and succeed to all its de�nanda a�ainat the stockholders <br />of that oompany. <br />Art. 9. The Board of Directors ahall be elected annually at <br />J <br />the regular meetin� oP the stockholders as hereinaf'ter pravided, <br />and they sha1l hold oPPice unti 1 their eucces$or$ are elected and <br />qualifie8. l�11 direc�ora sha11 be stockhalders in the aompany and <br />any vacancp ocaurring ir� the Board shall be f illed by the remaining <br />members. The Board ahall at its fi�st regular meeting elect <br />oPPicer$ as herain provided. The regular meatinga ot tbe Baard <br />shwl�. occur on the firat Monday in each month and epecial meetings <br />may be called by the President at ax�y time. .� A ma j ori.ty 4f the -�'4'�� <br />metr►bers oP tha Board �hall constitu'�e a <br />quorum. Tha Baard shall <br />have power to call specia,I meetings oP the �tockholder$ whenever <br />the� deam it necessary, by publ,ishing s notice of aueh ueeting once <br />a week f or twa successive �reeka neat preceding auch meeting, by two <br />in�ertions in some newspaper at that time publishgd in GarPie2.d <br />County, Colarado. The Board shall audSt and adjuat gll bills �nc� <br />claima against the company sub�ect to the Pinal action of an audit• <br />ing committee of three to be elected at the regular annual meeting <br />oP the stockho2ders in the same manner as the directors are elected, <br />rvhose dutq it shall be to audit the booka oP the Secretary and <br />Treasurar t�ro weeks pre�eding such annual meeting and report their <br />Pindings at such meeting. <br />Art. I0. The Board ahall levy and make and cauae to be collect- <br />ed an annual asseasment each year Por the operation, maintenance, <br />repair, enlargement, betterment and'extenaion, of tye campanyts <br />ditch end likewise special e.sseasment e�t any time when required <br />because oP unfbreseen circumatanae or �casuslty, �11 st auch time, <br />plece and manner as the Board may decide, payable in money or work <br />ae the Board may direct. <br />, <br />' <br />' <br />r <br />� <br />, <br />, <br />, <br />� <br />� <br />' <br />' <br />' <br />' <br />' <br />' <br />' <br />' <br />' <br />