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whenever in its opinion its interests would be thereby promoted. <br />13. It shall be the duty of the directors to cause to be kept a complete record of all their <br />minutes and acts, and of the proceedings of the shareholders. <br />14. The board of directors shall supervise all officers, agents and employees and see that <br />their duties are properly performed. <br />1.5. In addition to the powers and authorities by these by -laws expressly conferred upon <br />them, the board may exercise all such powers of the corporation and do all such lawful acts <br />and things as are not by statute or by the Articles of Incorporation or these by -laws <br />directed or required to be exercised or done by the shareholders. <br />C OMPF,NSATION OF DTRF.C'TORS <br />1.6. Directors, as such, shall receive an amount to be fixed by the board of directors for <br />each meeting of the board of directors attended and shall also receive all necessary and <br />proper expenses incurred by them while on company business. Nothing herein shall be <br />construed to preclude any director from serving the corporation in any other capacity and <br />receiving compensation therefor. <br />MFETTNCTS OF THE BOARD <br />17. Stated meetings of the directors shall be held without notice on the day of the <br />annual stockholders meeting immediately following each stockholders meeting, at the <br />Principal off-ice of the company at Rocky Ford, Colorado. <br />18. Special meetings of the board may be called by the president on two days notice to <br />each director, either personally, by mail or by telephone. Special meetings shall be called <br />by the president or secretary or any board member in like manner on like notice on the <br />written request of two directors. <br />19. Meetings of the board of directors may be held at any time or place fixed by a <br />quorum thereof. <br />20. The transactions of any meeting of the board of directors, however called and <br />noticed and wherever held, shall be as valid as though had at a meeting duly held after <br />regular call and notice, if a quorum be present and if, either before or after the meeting. <br />each of the directors not present sign a written waiver of notice of a consent to holding such <br />meeting, or an approval of the minutes thereof. All such waivers, consents or approvals <br />shall be attached to and made apart of the minutes of the meeting. <br />21. At all meetings of the board a majority of the directors shall be necessary and <br />sufficient to constitute a quorum for the transaction of business, and the act of the majority <br />