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♦ y <br /> 96. To cause to be issued to the owners of the stock of the Company certificates for shares of <br /> stock according to their respective interests, not in excess in the aggregate of the capital stock of <br /> the Company. <br /> 10th. To adjust, audit and settle all bills and accounts against the Company. <br /> 11th. To generally do and perform all acts and things necessary and proper to fully manage the <br /> affairs of the Company. <br /> SECTION 3. The Board of Directors at the first meeting after the annual Stockholders meeting <br /> shall proceed to organize. They shall elect from their own number a President and a Vice- <br /> President, and shall appoint a Secretary and Treasurer,who may be the same person, and a <br /> Superintendent, either of whom may or may not be a member of said Board or a stockholder of <br /> the Company, which said officers shall be elected, or appointed and qualified, subject however, <br /> to the removal at any time by vote of the majority of the Board at a regularly called meeting <br /> thereof. Vacancies in any office may be filled at any meeting of the Board by a majority vote of <br /> the Directors present. <br /> SECTION 4. The Board of directors shall fix the compensation, if any,to be paid the Secretary, <br /> treasurer and the Ditch Superintendent, and the time or times at which the same shall be paid. <br /> SECTION 5. The Board of Directors shall have power to require any officer, agent or <br /> employee,to furnish a bond in a suitable amount for the proper discharge of his duty and shall <br /> approve all such bonds. <br /> SECTION 6. The first meeting of the Board may be held at any time when not less than four <br /> Directors assemble for such purpose, and thereafter at any time when called by the President or <br /> Secretary upon written or verbal notice given either by personal delivery or by mailing said <br /> notice at the post office at Brush, Colorado;provided, however,that notice may be waived and <br />