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From: 07/1012007 06:59 #102 P.0051012 <br /> • <br /> • <br /> seal to all certificates of stock.deeds.contracts and other instruments of writing executed under the <br /> corporate seal of the corporation;to have charge of and preserve all papers and documents of the <br /> corporation not properly belonging to the custody of the Treasurer: to sign,issue and register all certificates <br /> of stock and generally to perform such duties as usually pertain to the office of Secreia►y;and as well such <br /> as may be specifically assigned and directed by the Board of Directors. The Secretary shall also attend to <br /> the tiling of all papers required by law to be filed. The Assistant Secretary shall. in case of'sickness or other <br /> disability of the Secretary,perform the duties of Secretary. <br /> • <br /> Section 4.'DUTIES OF TREASURER: The Treasurer shall be the custodian of the funds of the <br /> corporation and shall disburse the same as shall be ordered by the Board of Directors.and all securities, <br /> valuable papers and documents connected with and pertaining to properties and business of the corporation, • <br /> which shall be kept in such depositories and in such manner as shall be directed by the Board of Directors; <br /> and he shall keep a complete and proper record and account thereof, and vouchers of all funds disbursed,all <br /> of which shall be accessible for inspection by the Board of Directors at any time. He shall render to the <br /> Board of Directors whenever they may require.an account of all his transactions and the financial condition <br /> of the corporation. and perform such other duties as may be prescribed by the Board of Directors. He may <br /> be required to give a good and sufficient surety bond.which shall be paid fir by order of the Board out of <br /> the company hinds. in an amount to be fixed by the Board, from time to time. for the faithful performance <br /> of his duties and accounting for and turning over of all money.property and documents of the corporation <br /> which shall conic into his hands as Treasurer. <br /> Section S, DUTIES OF GENERAL. MANAGER:The General Manager shall.under the:direction of the • <br /> Board of Directors. have control of the construction.care and management of the system. and the <br /> distribution of water through the company's ditches and canals. pipelines or other facilities. or through <br /> ditches and pipelines owned by others.and he may appoint one or more assistants.subject to the approval <br /> of the Board of Directors.and the General Manager and all assistants and employees shall receive such <br /> salary as the Board of Directors may determine. and he may. if in his,judgment it is to the best interests of <br /> the consumers of water.and he shall. if so directed by vote of the Board of Directors.alternate or rotate the <br /> distrihi Lion of water among the consumers upon ctift'erent days. <br /> • ARTICLE VI <br /> Director's Meetings <br /> 'Section I. The Board of Directors shall meet regularly on the Second Tuesday of each and every month <br /> at the hour of 1:00 p.m. in the afternoon for the months of November. December, January. Febrtuary.March <br /> • and April.and at the hour of 2:00 p.m- in the afternoon for all other months.and for attending each regular • <br /> or special meeting shall receive such compensation as the Board of Directors may front time to time <br /> determine. and the Board of Directors shall meet at such other times as they shall front time to time • <br /> determine. A special meeting of the Board may be called at any time by the President.or any four Directors <br /> to be held at the time and place designated in the call and notice t hereof.upon twenty-four hours'notice • <br /> served personally or by mail or telephone. All regular meetings of the Board shall be held at the Company . <br /> office in the City of Cortez. Colorado and no notice of regular meeting shall be necessary or required, <br /> Sec don 2. Any director may at any time waive notice required to be given under these bylaws and <br /> whenever all the Directors of the corporation shall be present at any meeting. however called,or those <br /> • absent shall sign a 1%1-Men consent thereto,or approval of the minutes of any such meeting upon the record - <br /> thereof. the acts of such meeting shall be as valid and binding as if regularly called as provided herein. <br /> Section 3. At all meetings of the Board of Directors. four Directors shall be required to constitute a <br /> quorum for the transaction of business. <br /> Section 4. The order of business of any meeting_of the Board of Directors shall be as they may <br /> • determine at the time. <br /> • <br /> ARTICLE VII <br /> MVIC Bylaws 5 Revised:June 14. 2005 <br /> • <br />