C150345 Feasibility Study - Laserfiche WebLink

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ARTICLE IV — DUTIES OF OFFICERS SECTION 1- PRESIDENT: It shall be the duty of the President to preside at all meetings, to Reapproved appoints committees and their members. Make reasonable decisions in an emergency situation, to generally manage the Company in accordance with the best interests of the majority of the members, with the help of the Executive Board. He shall sign the Company checks along with the Treasurer and Secretary. SECTION 2 - SECRETARY: Shall assist the President as a member of the Executive Board. Keep the records of all proceedings of regular and executive meetings. Take care of all Company correspondence under the direction of the President. Shall sign all Company checks along with the President and Treasurer. SECTION 3 - TREASURER: Shall assist the President as a member of the Executive Board. Shall take care of all funds of the Twenty Two Road Lateral Company. Be prepared to give a financial statement when asked. Shall sign all Company Checks with President and Secretary. Shall deposit all monies at such depository as shall be designated by Executive Board. Shall turn over all monies, papers, books and belongings to the Company at the end of the elected term. SECTION 4 - THE EXECUTIVE BOARD: Consisting of President, Secretary and Treasurer shall execute all Company business in compliance with the wishes of the majority of the members, and in the best interests of all the members and shall be authorized to sign all Company checks and authorized to approve all expenditures for the Company. SECTION 5 - No Husband and Wife may serve on the Executive Board at the same time. SECTION 6 - Only one vote shall be counted from each household, unless they own land under the ditch in separate parcels. ARTICLE V — FINANCES SECTION 1- Any reimbursement of funds obtained from new membership shall be deposited by the Treasurer in an authorized depository. SECTION 2 - Persons applying from membership shall be charged in accordance with the decision of the regular board members with approval of the Executive Board. SECTION 3 - Decisions for new members will be based on the cost factor of maintenance, construction, repairs, space available, number of water shares being considered and availability of ditch to the property. SECTION 4 - Annual dues will be collected for the purpose of funding maintenance, emergency repairs, and administrative expenses. Dues shall be set at each annual meeting. Dues shall be due upon receipt of invoice and delinquent 30 days after billing. Delinquent dues will be charged interest at the rate of 1.5% per month until paid. At the recommendation of the Board, a lien may be filed against the property of delinquent water users. 2