C150168 PIF

• Contract/PO #: C150168
• Contractor Name: The Fulton Irrigating Comapny
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

for money and property paid out by him and shall deliver the balance of all
money and property to his successor in office, and shall perform such other duties
as may be prescribed by the By-laws or required of him by the Board of Directors .
re the Treasurer to
The Board of Directorsconditional tional upon the faithfulland honest discharge
furnish the Company a bond,
of his duties .
Section 5. The Superintendent shall, under the direction of the Board
of Directors , have charge of the ditch of the Company and its other property
pertaining to the ditch. He shall see that the ditch is kept in repair and in
condition for carrying water; that the boxes and headgates are properly main-
tained and the water of the ditch properly and equitably divided among the parties
entitled to the same . He shall take charge of the tools, machinery and loose
property and materials and keep an inventory thereof, and with the advice and
consent of the Board of Directors, he may hire and procure the necessary tools ,
materials and assistants to aid him in the performance of his duties, and he shall
perform such other duties as the By-laws or the Board of Directors may prescribe
or require of him in relation to the property and effects of the Company. He shall
receive as compensation such sum as may from time to time be fixed by resolution
of the Board of Directors , such compensation to be determined in advance at or
before the time he enters upon his duties for the term.
The Superintendent of the Company under the direction of the Board of
Directors may divide the Company's ditch into sections and rotate or prorate the
available water carried through said ditch in such manner and at such times as
shall seem to the Board of Directors or the Superinten t • the Company best
calculated to insure to each stockholder of the Compa , '•irea are of
t
that part of the Company's water supply to which he y.+iee.
. iz- e Vice-
President,Section 6. The Board of Directors maeol ` s c -c , drafts,
Secretaryor Treasurer, or any othit
, e on ! . -fit ,
V- � _ � .�nd
notes and the ordinary business contracts in the absence-6f t
Vice-President.
Section 7. In case any officer of the Company shall be by reason of
absence, sickness or other inability unable to perform the functions of his
office, the Board of Directors may authorize any other qualified person to per-
form the duties of such office during the period of said absence or disability,
and in case of vacancy in any office of the Company by death, resignation,
removal or otherwise , the Board may appoint any qualified person to fill such
vacancy .
ARTICLE VI
Stocks
Section 1 . All stockholders shall be entitled to certificates of stock
duly signed by the President or. Vice-President and attested by the Secretary ,
under the corporate seal of the Company , and shall express on its face its
number , date of issuance, the number of shares for which, the par value, and
the name of the person or perso=ns to whom issued, and shall contain a pro-
vision printed upon each stock certificate as follows , to-wit: "Whoever appears
to be the holder of this share of stock upon the books of this Company , shall,
while so appearing upon payment of the equal
n and
r able and share d all andportion of
the entire cost of operation, maintenance,
e
assessable from time to time against this share agreeable to the provisions of
law and action of the Board of Directors be without any other or further change,
perpetually entitled to one/seventy-twc hundredth part of all the water , now
or hereafter appropriated from the South Platte River or any other source, and
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