C153795 Feasibility Study

• Contract/PO #: C153795
• Contractor Name: Farmers Independent Ditch Company
• Contract Type: Loan
• Water District: 2
• County: Weld
• Bill Number: SPL
• Loan Projects - Doc Type: Feasibility Study

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order of the board' of truslee-s: ProYlded,
tbat tbe owners of one-third of tbe entire
capital stock outstanding of said compan)"
shall fJrst ha,oe .petltioned the board 'of
trustees for such special meet-ing In writing.
Such petition ehaU Elleclf)" the reasons for
caJJlng such s)lecfa] ~ef'tlng and the busi-
ness desired to he tral)s8.cted.
I SecUon 4. B..llot-Proxles. All voting
"'7: :1t stockholders' meetJngs shA]) be to:r t.;;.Hot
J Vt:rt. cast eitber in person or hy ~'rittpn )lroxy.
if so reQuested b\' 3DY stockholder.
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(;(.~ ARTICLE III.
. SectJon 1. Number of Trustees. The
corporate po....ers of this compan)" ~ban be
exercised by a board of trustees, otherwise
called directors, composed of Ih'e (5) stock-
holders, who shall ba.'e been dul)" elected
directors or trustees of this company.
, Section 2.. Officers. The tru~tees or
~ireetors shalJ eJect one. of thefr number
president, one of tbelr number ,'jee'pre~l.
dent, and ther shan also el(>ct a l'ecrelary
and a trea~ur(>r, It shall not be necessary
that elthe:- the se-cre-tan' or treaSUl"H be a
~t(lckhoJder or n mEmb'er of the uo::-.rd of
tru~tees. Either stich secretary or trea8'
urer may be Ee)ected from persons r,ot stock.
holder!' in said company, if found dfo~irable
r to the bE;-st intt-rH1!:; of f;nid C'or]1ora1ion.

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ARTICLE IV

St>C'tion 1. Stockholders' Me~tine-E1ec'
Et{. tion-Adjournm~nt-Tenure, The E.-}(,rtion
jl of trusteE'S ~]fO called direC'tors, ~b~lI be
fJOSo.~ held &t the rOml)21l~"S office at the ngurer
'I t,a:lIlual meeti!lg of said ('orr,oration r:nd f~lall
("J.,'" be made by SllCh of the stod:bolcl~n; as
shall attend for th..t pUT))Ose el1her hi Jler-
son or b~' ".ritter. proxy, pro"id~d ~ nw-
jorJtr of the out~Lauding c2pital ~to(:J.: I!>
rejiTf.'~(,llled, )f a majority of tIlE' (.~Jdl&l

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stock sban not be represented, such meet, ;('
fog shaH be adjourned b:r the stockholders .Jf!(l
present for a periOd not exceedJng sixty AI k:
da,'s, as by statute In such case made and fV~ ~
prc)l'Jded. The trustees or directors shand,S."
hold office for the term of O::J.e Tear an~.-:---l
until their Eueces~ors are ~lecled and - I
quallfi.d. I
Section 2. Tellers. The president shall I
Olppoint tlirce stoel.holders as ieilers al each I
:lDnual meeting wbo shall not during the I
meeting at whicb the)' sen'e he candidates '
for the office of trustee or director of this
company; and the)' ISbalJ reeeiye and count
the l'ot~s cast 2.t said meetIng and announce
tbe resuJt of the count to tbe pTesfdenl
Section 3. Notices of Meetings. Notices
of all general and special meetings of the
stocJ.:hoJders shall be g~"en not less than
ten days previous to sucb meeting In a
newspaller Jlublished In Or nearest to .the
town of PJaue\'iIIe, also bv a written notice
to each stockholder delivered in person or
rnaJlfod to his address &1 Jeast lhlrh' davs
Ltfore fuch meeting, as by statute In su~h
case mEd\? &nd provided" Said notice sb~lI
lIe sfgn~d by the pre!-ldent or !>E'creLary and
E-liall s1:-:h: thE.- )llHe, time ~lld object of the ~
roHting.

S€'('tlon 4. Vac2ndes. 1n ("asE' an" '"Beane"
l"hfllJ (le-cllr in th(- ]'OGl"d of tr~stees b~'
death, re~lhlJ:!tioll or otherwisE'. it shall -be
filled by ~aid uoard .H:li:'rting- some stock.
holder to fill ,hE' "..cane".
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Sectioil 5, Compen!:ation of Trusteet. r:.
The. me-mlJen of the board of tru!:tE.-es sh311 cJc"t
T€'ceh'e as coml'cn~ation for ~1tEndance 01 Nofl-~
JJi~('tjDg~ the 8um of thrH (3) dollars for I),..{ --1'
(.2och meeting &t!e!lc!E'd. "

Section G. Trustees' MeetlnQs. ReE;ular
monthly mee~ings of lh~ b03:'d of trustee-s
~h;J.l1 be !ldd on the first )lolld~y of each

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