OCR Text |
Show [76] be unable to act, they shall appoint some other member of the Board to do so, in whom shall be vested, for the time being, all the duties and functions of his office. The president, or in his absence, the Director appointed as above provided:- 1st. Shall preside over all meetings of the stockholders and Directors, and shall have the casting vote. 2d. He shall sign, as president, all certificates of stock, and all contracts and other instruments of writing which have been first approved by the Board of Directors and shall draw checks upon the treasurer. 3d. He shall call the Directors together whenever he deems it necessary, and shall have, subject to the advice of the Directors, direction of the affairs of the Corporation, and generally shall discharge such other duties as may be required of him by the By-Laws of the Corporation. The president, or two of the Directors, may call special meetings of the Directors at any time, and notice shall be given of such called meetings by leaving a written or printed notice at the last known place of business or of residence of each Director. Such service of notice shall be entered on the minutes of the Corporation; and the said minutes, upon being read and approved at a subsequent meeting of the Board, shall be conclusive upon the question of service. Article VIII. Secretary. The Board of Directors shall elect a secretary. 1st. It shall be the duty of the secretary to keep a record of the proceedings of the Board of Directors and of the stockholders. |
Source |
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] : |