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3. To own, hold, improve, manage, control, operate, repair, and maintain the assets <br />of the Company in connection with its affairs, subject to these Articles of <br />Incorporation and the Bylaws. <br />4. To pay all expenses in connection with the performance of its duties and the <br />exercise of its powers and all office, legal, accounting and other expenses incident <br />to the conduct of the business of the Company, specifically including all licenses, <br />taxes, charges, fees, assessments or governmental charges levied or imposed <br />against the assets of the Company. <br />5. To g sectxftVfly rel"ekn o t4pay %Vr any expenditure <br />or outlay required pursuant to law, these Articles of incorporation or the Bylaws, <br />and to execute all instruments in evidence of such indebtedness as the Executive <br />Board may deem necessary or desirable. <br />6. and <br />to do all other acts necessary, appropriate or advisable in carrying out any purpose <br />of the Company with or in association with any person, firm, association, <br />corporation or other entity or agency, public or private. <br />7. To establish bank accounts which are interest bearing or non- interest bearing, as <br />may be deemed advisable by the Execute Board. <br />8. To keep and maintain detailed and accurate books and records showing in <br />chronological order all of the receipts, expenses, and disbursements of Company <br />funds and, upon the vote of a majority in interest of the shareholders, to cause a <br />complete audit to be made of the books and records by a certified public <br />accountant. <br />9. To supervise all officers, agents and employees of the Company and to see that <br />their duties are properly performed. <br />10. To designate and remove the personnel necessary for the operation, maintenance, <br />and repair and replacement of the assets of the Company. <br />11. To adopt, alter, amend and repeal such Bylaws as may be necessary or desirable <br />for the proper management of the affairs of the Company, provided however, that <br />such Bylaws may not be inconsistent with or contrary to any provisions of law or <br />these Articles of Incorporation. <br />Article VI <br />Capital <br />The aggregate number of shares which the Company shall have authority to issu 3� 0 , s. <br />shares of water, without par value, which shares shall be designated "Water Shares." 30?' <br />3 <br />