HomeMy WebLinkAboutMinutes - North Fork Water Company - 03/31/1967 (Annual Stockholders)ANNUAL ,~.ETING OF THE STOCKHOLDERS OF
NORTH FORK WATEH COMPANY
held t&~rch 31, 1967.
The Annual ~eeting of the Stockholders of the North Fork Water Company
was held this 31st day of Narch, 1967, at l0 o'clock A.~., at the office of
the East ~ighlands Orange Company, at 7125 Elder Gulch Road, in East Highlands,
California.
The Secretary announced that a majority of the stock of the Company, in
excess of the required 360~ shares, was represented by persons present and
by proxies held by them. A later check indicated that 13 persons present,
holding 571 shares, and deposited proxies, representing 4,959 shares, accounted
for a total representation of 5,530 shares. (Fractional shares excluded).
A quorum being noted, the meeting was declared open for business by
President Paul R. Jennings, presiding as Chairman.
It was moved by Henry E. Guerth and seconded by Jene S. H~nilton that
the ~n~tes of the last Annual Stockholders ~eeting, held ~'~arch 25, 1966,
be dispensed with.
THE ~OTION C~RRI£D.
The Financial Statement for the Fiscal Year Ending January 31, 1967,
as prepared by Eadie & Payne, was presented and explained by Chairman
Jennings.
On motion of Harold G. Rickert, seconded by Jene S. Hamilton, the
Financial Report for the Year Ending January 31, 1967, was accepted and
the firm of Eadie and Payne was authorized to audit the Company books and
to prepare the Financial Reports at the close of the Year Ending January 31,
1968. THE ~OTION CARRIED.
The Secretary-Zanjero, John R. Poppett, reported on minor repairs and
cleaning of the Company canal. In comparing water conditions, he stated
that the water level of Bear Valley lake now stood at 57'10'', with 35,940
acre feet of water in storage; as against 51~01~, with 23,000 acre feet in
storage on March 25, 1966. He also noted that the River flow on ~ch 27
was 3,200 inches as compared to 2,400 inches on ~arch 23, 1966.
President Jennings, noting that the Company had completed its 82nd
Year of operation, gave a very interesting history of water rights, the
building of the canals and the formation and conso~datmon of the companies
leading up to the present North Fork Water Company. He also pointed out
the cooperation and close harmony that has existed between the North Fork
Water Company and the Bear Valley ~tual Water Company in solving their
common problems throughout the years.
ELECTION OF DIRECTOHS
The chairman announced t~at the meeting was open for n~ninations for
Directors for the ensuing year.
Elizabeth ~.i. Kiel no~minated the present Directors, namely, Paul R.
Jennings, Henry E. Guerth, Jene $. Hamilton, Arnold L. Wright, Walter R.
Laputz, Harold G. Rickert and J~nes C. ~ullins; and moved that the
nominations be closed and that the Secretary cast the ballot for their
election. The motion was seconded by Robert E. Hooker.
over) ,_~.o 17
THE MOTION CARRIED £~ND THS SECRETARY WAS INSTRUCTED TO CAST
BkTJ,OT FOR THE ELECTION OF THE DIRECTORS N~INATED.
The Secretary, John R. Poppett, cast ~,~30 votes each for
Paul R. Jennings, Henry E. Guerth, Jene S. Hamilton, Arnold L. Wright,
Walter H. Laputz~ Harold G. Rickert and James C. ~llins.
The Directors were declared elected to serve for the ensuing year.
There being no further business, the meeting was declared adjourned.
hn R. Poppett
Se cre t ary