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C150168 PIF
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C150168 PIF
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Last modified
3/30/2018 9:55:57 AM
Creation date
3/30/2018 9:55:28 AM
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Template:
Loan Projects
Contract/PO #
C150168
Contractor Name
The Fulton Irrigating Comapny
Contract Type
Loan
Loan Projects - Doc Type
Contract Documents
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BY-LAWS <br /> of the <br /> FULTON IRRIGATING DITCH COMPANY <br /> ARTICLE I <br /> Section 1 . The corporate powers of this Company shall be vested in and <br /> exercised by a board of five (5) directors , each of whom shall be a stockholder. <br /> ARTICLE II <br /> Meeting of Stockholders <br /> Section 1 . The annual meeting of the stockholders shall be held on the <br /> fourth Monday of January , behveen the hours of 10: 00 o'clock in the forenoon and <br /> 5: 00 o'clock in the afternoon, at the office of the Company in the City of Brighton, <br /> in the County of Adams; notice thereof shall be given as required by law. <br /> Section 2. Special meetings of the stockholders may be called by order <br /> of the Board of Directors or by stockholders representing one-third in amount <br /> of all stock issued and outstanding. <br /> Section 3. Public notice of the time and place of holding the annual and <br /> all special meetings of stockholders shall be published in a newspaper of general <br /> circulation, in or nearest to the place in which the principal office of this Company <br /> shall be kept, and by delivering personally or s•, ti; ' e post office at <br /> least thirty (30) days before such meeting a n. ce t. , . r dressed to each <br /> stockholder at his last address signed by the 'resid- ' ` cretary stating the <br /> time and object of said meeting; and no s' .. I- <br /> transacted at any special <br /> �:id ,,g . I an L tockholder shall <br /> meeting except such as shall be mention shall not be <br /> fail to furnish the Secretary with his coi' et jos � i <br /> entitled to such separate notice. Election of directors shall=ma ma e by such of <br /> the stockholders as shall attend for that purpose, either in person or by proxy, <br /> provided a majority of the stock issued shall be represented, and if a majority <br /> of such stock shall not be represented, such meeting may be adjourned by <br /> ohenment. <br /> stockholders present for a period not exceeding sixty days , at any J <br /> Section 4. Each stockholder shall have the right to vote in person or by <br /> proxy the number of shares owned by such stockholder, and in balloting for <br /> directors such stockholder may vote said number of shares for as many directors <br /> as are to be elected, or may cumulate such shares and give one candidate as many <br /> votes as the number of directors multiplied lte them on the same principley the number f such lstockholders' <br /> shares of stock shall equal, or may di <br /> as many candidates as such stockholder may desire. <br /> Only stockholders of record shall be entitled to vote at the regular and <br /> special meetings of the stockholders. <br /> Section 5 . At all meetings of the stockholders at which any business is <br /> transacted a majority of the shades of stock of the Company issued and out- <br /> standing must be represented. <br /> Section 6 . If for any reason the annual meeting shall not be held on the <br /> day fixed in Section 1 of this Article, or not be adjourned by the stoikholdfi rs to <br /> a time certain , as provided by law , such meeting may be held, p <br /> rovn <br /> (15) days written notice is given to said stockholders, on any day thereafter <br /> fixed upon by the Board of Directors, r 1� the3written <br /> of a1lJt of stocld issued stockholders <br /> of the Company representing one-third <br /> outstanding. <br />
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