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<br />ARTICLE VII <br />DIRECTORS MEETINGS <br /> <br />The Board of Directors shall meet at such times <br />as they shall from time to time determine, and a meeting <br />of the Board may at any time be called by the President or- <br />any three members of the Board by causing personal notice <br />to be served upon the Directros at least one day before the <br />date of such proposed meeting. Three directors shall <br />constitute a quorum for the transacting of business. <br />Meetings of the board shall be held on the second <br />Tuesday of each month or as soon thereafter as a <br />lIIJ-um may be had. <br /> <br />ARTICLE VIII <br />STOCKHOLDER'S MEETINGS <br /> <br />The annual meeting of the stockholders for the <br />election of Directors and the transaction of other business, <br />shall be held on the Fourth Tuesdav in Februarv in <br />each year, at such place and commencing at such hour~ as may <br />be designated in the notice of the annual meeting, on <br />notice as required by law, and stockholers in person or by <br />their duly attested proxies shall vote upon matters relating <br />to the Association. Cumulative voting will not be allowed. <br /> <br />Section 2. Special Stockholder's Meeting. A <br />Special meeting of the stockholders may be called at any <br />time, on such notice as is provided by law for the <br />consideration of any matter requiring the action of the <br />sjl{kholders. At all meetings of the stockholders, the <br />~kholders assembled shall select one of their number <br />as Chairman, who shall preside at the meeting. <br />ARTICLE IX <br />QUORUH <br /> <br />A majority of the issued stock of the Company <br />represented in either person or by duly authenticated <br />proxies shall constitute a quorum of stockholders. <br />Three (3) Directors shall constitute a quorum of the Board <br />of Directors. <br /> <br />ARTICLE X <br />CERTIFICATES OF STOCK <br />Section 1. Certificates of stock shall be issued <br /> <br />-4- <br /> <br />~, <br /> <br />ARTICLE XIII <br />DEBTS <br />No debts shall be contracted against this <br />corporation, except by order of the Board of Directors, <br />provided however, the Board is authorized to incur such <br />indebtedness as it may deem necessary for carrying out <br />the objects and purposes of this company, and may <br />authorize the President and Secretary to make the note <br />of the company with which to pay the indebtedness so <br />incurred. <br /> <br />ARTICLE XIV <br />USE OF WATER <br />Each share of stock of this corporation shall <br />entitle its holder of record on the books of the <br />corporation to the use each year of its pro rata share <br />of all water carried and distributed in the water"ays <br />of said corporation, to which this corporation is <br />entitled. <br /> <br />ARTICLE XV <br />SUPERI!\TENDENT <br /> <br />Section 1. A superintendent shall be <br />appointed by the Board of Directors, who shall have <br />the direct management of the irrigation system of <br />the company and his compensation fixed at such <br />reasonable amount as the Board may agree upon. He <br />shall direct the division of the water from the <br />canal pro rata on all shares issued and entitled <br />to be issued, and make correct return to the Board <br />of Directors of all persons hired and employed on <br />the canal or elsewhere, in the interests and on <br />behald of the company, with a statement of their <br />wages; and to perform such other duties as the <br />Board of Directors may direct. <br /> <br />Section 2. In times of scarcity of water, <br />The Superintendent may, when there is not enough <br />water to supply the stockholders, acting under the <br />direction of the Board of Directors, deliver the <br />~ater to certain stockholders during certain days <br />of the ~eek and at other times to the other <br />stockholders, provided that he is to treat all <br />stockholders, fairly in the distribution of water. <br /> <br />-9- <br />