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Show [75] Article V. Duties of Directors. It shall be the duty of the Directors: 1st. To cause to be kept a complete record of all their minutes and acts, and of the proceedings of the stockholders, and present a full statement at the regular annual meeting of the stockholders, showing in detail the assets and liabilities of the Corporation, and generally the condition of its affairs. A similar statement shall be presented at any other meeting of the stockholders, when thereto required by persons holding at least one-half of the capital stock of the Corporation. 2d. To supervise all officers, agents and employees, and see that their duties are properly performed. To cause to be issued to the stockholders, in proportion to their several interests, certificates of stock, not to exceed in the aggregate one million dollars. Article VI. Officers. The officers shall be a president, vice-president, secretary and treasurer, which officers shall be elected by and hold office at the pleasure of the Board of Directors. The compensation and tenure of office of all the officers of the Corporation (other than Directors) shall be fixed and determined by the Board of Directors. Article VII. President. The Board of Directors shall, at their first regular meeting, elect one of their number to act as president; and if, at any time, the president shall be unable to act, the vice-president shall take his place and perform his duties; and if the vice-president, from any cause, shall |
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Original book: [State of Arizona, complainant v. State of California, Palo Verde Irrigation District, Coachella Valley County Water District, Metropolitan Water District of Southern California, City of Los Angeles, California, City of San Diego, California, and County of San Diego, California, defendants, United States of America, State of Nevada, State of New Mexico, State of Utah, interveners] : |