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<br />general perform all duties as from time to time may be assigned to him by the president <br />or by the board of directors; (h) keep a record of income and expenses, if any, of the <br />company. <br /> <br />8. Salaries. <br /> <br />The salaries of the officers shall be fixed f!"Om time to time by the board of directors, <br />and no officer shall be prevented from receiving such salary by reason of the fact that he <br />is also a director of the corporation. <br /> <br />ARTICLE V <br />EMPLOYEES <br /> <br />1. Discretion. <br /> <br />The board of directors may employ any employees as deemed necessary or prudent <br />including but not limited to a superintendent or secretary. <br /> <br />2. Superintendent. <br /> <br />The superintendent of the reservoir and ditches shall be employed by the board as <br />required at a term and salary to be set by the board. The superintendent, subject to the <br />supervision and control of the board of directors and the president, shall manage the <br />reservoir, ditches and real property of the corporation, and attend to the distribution of <br />waters to those entitled thereto. The superintendent shall be knowledgeable concerning <br />stockholders and various contracts that pertain to the operation of the reservoir and <br />ditches. <br /> <br />3. Recording Secretary. <br /> <br />The recording secrba! y shaii fJer iv' m Oll,ice:> ae:> ,"e:>,c:ui,shev uy the board of <br />directors. Terms of employment and salary shall be set by the board. <br /> <br />ARTICLE VI <br />CONTRACTS, LOANS, CHECKS AND DEPOSITS <br /> <br />1. Contracts. <br /> <br />The board of directors may authorize any officer or officers, agent or agents, to <br />enter into any contract or execute and deliver any instrument in the name of and on behalf <br />of the corporation, and such authority lTlay be general or confined to specific instances <br /> <br />F \KF!...\t<ERN RESERVOIR\BYlJI,WS <br /> <br />8 <br />