|
<br />I
<br />
<br />I
<br />
<br />I
<br />
<br />Ss,:tion 6. Said officers stlall be electGd or appoillted
<br />fo~ one year or until .their successors are appointed and
<br />qualified, but tIle Board of Directors shall have the right to
<br />relJIOVe any officer or agent selectd by th~m, at 2flY time it
<br />Inay be deemed advisable by the Board of Directors tJ~ do so.
<br />
<br />I
<br />
<br />I
<br />
<br />ScctiC)1l 7~ 1'.10 Dii"E':'Ct(f( ot c,ff:1.CE~l" of t:I'l(E~ Company '~:~hE\ll
<br />receive any compensatic'll except as the saIne sl1all be fixed by
<br />the Board of Directors fOl~ sey'vices and the performance elf
<br />1 ab()'("
<br />Directors shall serve as ~UC~l without compensation,
<br />E!;'~CE'pt. t.:hl2 ~3(';~Cl"C?t~::.'(Y and T,(f2..::\~3t..l'(fi'i.l', '..J!~IO Sh~lll '(c~cE'i\/c:: a
<br />salary for their services as SWC~I"
<br />I~J~weve'(y Directol~S serving on comfnittee, either
<br />inspecting ditch or doing other field worky or traveling on
<br />Campa"y business al~e entitled to pay. In additil~Jl, upon
<br />presentation of a bill, to be ~udited by the Board, the
<br />Company will refund all cash N~CESSARILY expended.
<br />
<br />I
<br />
<br />I
<br />
<br />I
<br />
<br />I
<br />
<br />Section 8~ The Board of Directors shall have the power
<br />to r8quire of any officer, agent, clel~k, or efnployee, bonds
<br />or sureties for such amount as they may see pr'oper, for the
<br />faithful disclldrge of their duties and for the protection of
<br />thE' Compi::tny, and ~~;1"1,;;i,11 hi:1vf:? ful.l con"l;yol of .::lll -Cr"IF: C()mpar"ryYt;:,
<br />busil18SS, approve all bonds, direct the execution of all
<br />work, contract for the same, audit and pffiSS upon all bills,
<br />dil~ect tIle amount dlld wages of labor to be employed,
<br />detel~lnine when and what work sMall be done; what propcrties,
<br />m,')I:I-lineyy, (.?t:(:~ ~:::.h~::\ll be:":! pUY'chas(-?d or ~5old, Oir t:hE: BO.;J,'(ej m,~.,\y
<br />appoint an agent, or a committ~e to pertc,rm such of these
<br />duties as may be deelnGd best for the purpose of expediting or
<br />facilitating business.
<br />
<br />I
<br />
<br />I
<br />
<br />I
<br />
<br />I
<br />
<br />Section 9. The Board of Directors shall mee't fl~c'm time
<br />to t im{-?, ,3~~:. tI1E'Y m'::1Y dF:t:[7.')~rnine, i:1nd the Pl"'E:o~:-:;ide?nt ()"(
<br />Secret3ry, or any thre8 Directors, may call a meeting of the
<br />Directors 2t any time~ PROVIDED, that a notice shall be given
<br />or mailed t~ each and every Director of all Directors'
<br />fneetings at least three days prior to the 110ldiJlg lJf such
<br />meeting~ which said notice shall be deposited in ttle United
<br />States mail, properly addressed, witll postage prepaid, to the
<br />last known post office address of each of said Dil~ectors
<br />r.C'~:::,pF2ct .lv(";;.lyu
<br />
<br />I
<br />
<br />I
<br />
<br />I
<br />
<br />Section 10. Meetings Inay be held any plac0 in ttle
<br />COllJlty of L_2 Plata or Archuleta, and even without notice,
<br />providing that all of the Directors aYe present at said
<br />rneetir1g and so can cOfnmittee meetings~ providing tllat full
<br />c'ommittee is pre~;ent~
<br />A majoYity o-f ttlC BClal~d of Directors stlall COflstitute 0
<br />quorum for the transactio'1 of business.
<br />
<br />I
<br />
<br />I
<br />
<br />~
<br />
|