Laserfiche WebLink
f r <br /> 1 + <br /> As adopted, 1/19/79 <br /> With Amendments: <br /> 5/4/87 <br /> 4/2/96 <br /> BY-LAWS <br /> OF <br /> THE UPPER PLATTE AND BEAVER CANAL COMPANY <br /> ARTICLE I <br /> BOARD OF DIRECTORS <br /> SECTION 1. The Board of Directors of the Company shall consist of five members who shall <br /> be stockholders of the Company, and at the annual meeting of the stockholders to be held on <br /> February 6, 1978,two (2) of said directors shall be elected to hold office for a period of three (3) <br /> years;two (2)of said directors shall be elected to hold office for a period of two (2)years; and <br /> one (1)director shall be elected to hold office for a period of one (1)year. The two persons who <br /> receive the first and second highest number of votes shall be awarded three-year terms; the two <br /> persons receiving, respectively,the third and fourth highest number of votes shall be awarded <br /> two-year terms; and the person receiving the fifth highest number of votes shall be awarded the <br /> one-year term. Upon the expiration of the term of the office of said directors the stockholders of <br /> the Company shall elect their respective successors, each of whom shall hold office for a period <br /> of three years from the date of such election. <br /> SECTION 2. The Board of Directors shall have full control of the management of the <br /> corporation, and shall have power: <br />