PROJ00550

• Contract/PO #: C153747
• Contractor Name: Consolidated Extension Canal Company
• Contract Type: Loan
• Water District: 67
• County: Bent
• Bill Number: EIA
• Loan Projects - Doc Type: Feasibility Study

otherwise the Board of Directors may elect a successor to hold office
for the unexpired term.

SECTION II. Compensation of Officers. The
president and vice-president as such shall receive no compensation for
their services but shall be allowed their necessary and actual
expenses when engaged in the business of the company. The secretary-
treasurer shall receive such compensation as the Board of Directors
may prescribe. The Board of Directors may, when in the discretion of
the board deemed advisable, receive not to exceed their necessary and
actual expenses in attendance of meetings of the board or when engaged
in the business of the company.

SECTION I II. Addi tional Officers and Agents.
Directors shall appoint such other officers and agents
deem necessary, who shall perform such duties as may be
the Board of Directors.

The Board of
as they shall
prescribed by

SECTION IV. Removal.
officers shall be subject to removal
of the stockholders.

All such subordinate
at any time, by a majority vote

ARTICLE VIII
DUTIES OF OFFICERS

SECTION I. President. The president
shall be elected from among the directors, he shall be the chief
executive officer of the company, shall have the general supervision
and management of its business and affairs. He shall call meetings of
the Board of Directors whenever he deems it necessary. He shall
preside at all meetings of the stockholders, and Board of Directors
and shall have the casting vote in case of a tie vote. He shall sign
all certificates of stock, contracts, deeds and other instruments, in
writing executed in the name of the company. He shall perform such
otner duties as may from time to time be required by the Board of Di-
rectors or By-Laws of the company.

SECTION II. Vice-President.
shall act in the absence, illness, inability
president to act for any cause and shall possess
duties of that officer.

The vice-president
or refusal of the
and perform all the

SECTION III. Secretary-Treasurer. The secretary-treasurer
shall keep a true and accurate record of the meetings of the board,
and of the stockholder's meetings in a book to be kept for that
purpose. He shall countersign all certificates of stock, and shall
attest all instruments, then directed by the board to do so. He shall
keep such books and records of the shareholders and directors as are
possible by law, and such books and records shall be open to the
inspection of any member of the company of his properly authorized

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