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<br />---- <br /> <br />..",..' .~ .._."",.~.,.,.,.:..~.:...:; <br /> <br /> <br />.'- , <br /> <br />}" <br /> <br />REVISED BY-LAWS OF THE KERN RESERVOIR AND DITCH-COMPANY, <br /> <br />Adopted by its Board of Directors January 13, 1994 and again February <br /> <br />, 2002. <br /> <br />SECTION 1. BOARD OF DIRECTORS AND OFFICERS OF TEE COMPANY <br /> <br />A. The Board of Directors shall consist of tour directors who shall <br /> <br />be elected or appointed annually as is hereinafter provided. <br /> <br />, . <br /> <br />Three members of the Board of Directors shall be elec~etl' annually <br /> <br />-, <br /> <br />by the shareholders by simple majority vote based upon one vote <br /> <br /> <br />per share owned. Election of the Board of Dir~ctQrsshall take <br /> <br />place at the annual shareholders meeting in January of. each year. <br />B. For so long as the Town of Windsor isa shareholder of the <br /> <br />Company, the fourth member of the Board of Directors shall be a <br />,; <br />member of the Board of Trustees of the Town of Windsor '~nd' shall <br /> <br />be appointed by that Board subject to approvalH?tthe'.~-:~-- <br />shareholders of the Company. Upon the termination of that <br />member's service on the Board of Trustees of the T,own, his <br />service s~all likewise terminate on the Board of Directors. <br /> <br />Thereafter the Board of ~rustees shall appoint his replacement <br /> <br />and that appointment shall be Subject to approval by the <br />shareholders of the Company. <br /> <br /> <br />C. All members of the Board of Directors shall serve one-year terms! <br />except as herein provided. <br /> <br />D. The officers of the Company shall consist of a president, vice <br />. <br />.~. . <br />president, and secretary-treasurer. The officers of Co~pa~y shalJ.____. <br /> <br />be elected by the Board of. Directors. 'Each of the' offTcer'"ShaiC' ..---' <br /> <br />perform the following duties and such other duties as directed by <br />1 <br /> <br />~ <br />