Laserfiche WebLink
<br />'. <br /> <br />BY"LAWS ()F 'l'HE'l'RIiWHERA IAAIGATION COMPANY. <br />ARTICLE I. <br />Board of Direotors. <br />Section l--E1ection-~As speoified in the Artioles of In- <br />corporation Qf this company; the Board, of Directors oonsists of <br />five m~mber~i eaoh o~ whom shaU be a stockhoide,r, of theColllpany; <br />The metribe'rs ~f the bCiitrdshali be elected by the' stockholders at <br />. . - '-.' .', ."., . <br />their annual lne;':ting ea6byeiJ..., and shaU hold their ree]:ieotive <br />offioes. as direotors; foi! a term of one year. or until their ' <br /> <br />" , <br /> <br />suooessors sha!-l have been eleoted and qualified~ <br /> <br /> <br />Seotion 2--Vaoancies--Any and all vacancies in the ,of- <br /> <br /> <br />fice 6f,ciirector shall be filled by a majority vote of the re~ <br /> <br /> <br />maining directors. at any regular or special meeting thereof. <br /> <br />, ' <br />A vacancy shall exist when a direotor dies. resigns. is judi- <br />cially de9lared a lunatiC;' or beases to be a etockholder of the <br />company. <br /> <br />Sec.tion 3--Duti'es and Powers--The Board of DirectoJ,'s', <br />shiLil exerciis,egenerals~pervisi6n of the affairs of the company;, <br />sMU~lect.appoint.or deSii1;hatej and may remove aU officers. <br />agents., attorneys and, employeeslshaUreceive and pass ,upon <br />reports of,the'secretary and treasurer; and' shall approve or <br />reject aU biUs and accounts a;giHnst' the company'; shall let <br />all contracts for work'authori~ed by .the company; shall prepare <br />proper ,reports. audits and recommendations for submission to the <br />annuaLmeetings of the 'stockholders. including a proposed budget <br />..~ ' <br />of expenses for each ensuing,yeafi <br /> <br /> <br />,Seotion 4--Quorum--A majority of all ths memberS of <br /> <br /> <br />the Board 'Of Direotors shall constitute a, quorum for the purpose <br /> <br /> <br />of transacting any and all business of, the board.' Any number of <br /> <br />directors .,less than a quorum shaU have power and authority to <br /> <br /> <br />adjour;'atly meeting of the board, from time to, time. until a <br /> <br /> <br />quorum shall be present. <br />