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C150401 Feasibility Study
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C150401 Feasibility Study
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Last modified
1/23/2015 3:12:39 PM
Creation date
5/29/2014 11:41:11 AM
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Template:
Loan Projects
Contract/PO #
CT2015-091
C150401
Contractor Name
Sanford Canal Company
Contract Type
Loan
Loan Projects - Doc Type
Feasibility Study
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shall keep proper books and accounts showing all financial transactions of the <br /> company, which shall, at all times during usual business hours, be open and <br /> available to the inspection of any officer, member of the Board, or shareholder of <br /> the company. He shall make an annual report of his accounts to the stockholders <br /> at the annual meeting thereof; shall deposit all funds in a safe and secure bank in <br /> the name of the company, and not otherwise, and shall render a correct and true <br /> account thereof to the company or the Board of Directors as often as required by <br /> said Board, or by the president; and shall, if and when required by the Board of <br /> Directors, give a bond in such sum as may be fixed by the Board,with sureties <br /> satisfactory to the Board, conditioned for a true accounting and payment of all <br /> sums coming into his hands. <br /> Sect iion 6: The Board of Directors is authorized to employ an executive <br /> secretary to perform the duties of the secretary and the treasurer as outlined in <br /> Sections 4 and 5 above. Any payments of$2000.00 or more shall require the <br /> signatures of the executive secretary and the president or treasurer. <br /> 2 <br />
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