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Show 91. ARTICLE V. Powers of mmchm. The Directors shall have power: First.-To call special meetings of the stockholders when they shall deem it necessary, and they shall call a meeting at any time upon the written request of stockholders holding one-third of all the subscribed capital stock. Second.-To appoint and remove at pleasure such officers, agents and employees of the corporation as are specified in these By-Laws, and also all such other officers, agents and employees as nay, from time to time, be necessary or convenient in the management of the affairs of the corporation, and . to prescribe their duties, fix their compensation, and require from them security for the faithful performance of their duties. Third.-To conduct, manage and control the affairs and business of the corporation, and to make rules and regulations, not inconsistent with the laws of California, or the Articles of Incorporation or By-Iaws of the corporation, for the guidance of the officers and the management of the affairs of the corporation. Fourth.-To make and enforce all necessary or convenient rules and regulations relating to the distribution of water, the care, protection and use f.f the water, canals and other property of th"* corporation, and to prescribe and enforce fines and penalties for the violation of such rules or regulations, and no stockholder shall be entitle.l to receive water from thr corporation, after, such violation, until the prescribed fine or penalty shall have been paid or satisfied. /¦'ifth- To incur indebtedness. The terms and amount of such indebtedness shall be entered on the minutes of the Board, and the note or obliga- tion given for the tame, signed officially by tin-President, or Vice-President, and Secretary, shall be binding on the corporation. ARTICLE VI. duties or dukctohs. It shall Ik- the duly of the PiwrtMt*: •Virst.-To cause to foe kept a complete rvotfd of all their minutes and acts, and of the pro ceedings of the stockholders, and to present a full statement at the regular annual meeting of the stockholders, showing in detail the assets and li-abilities of the corporation, and generally the condition of its affairs. A similar statement shall he presented at any other meeting of the stock holders when thereto required by persons hold ing at least one-third of the capital stock of the corporation. Second.-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 inter ests, certificates of stock, not to exceed in the aggregate, the capital stock of the corporation Third-To provide by resolution as to the manner of drawing checks or warrants upon the Treasurer of the corporation, and no person shall draw or issue such warrants or checks until «¦¦ authorized hy resolution duly passed l>y ih< Roard of I)irector< and entered upon the minim -of the Hoard. artici.t: vir oFFirr.RS. The officer* shall be a dent. Secretary and Trea-n President. Vicc-I'resi eramlat the plea-ureof 10 |
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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] : California exhibits. |