HomeMy WebLinkAboutMinutes - North Fork Water Company - 03/29/1968 (Annual Stockholders)ANNUAL ~EETING OF THE STOCKHOLDERS OF
NORTH FORK WATER COMPANY
held March 29, 1968.
The Annual Meeting of the Stockholders of the North Fork Water Company
was held this 29th day of March, 1968, at 10 o'clock A.~., at the office of
the East Highlands Range Company, at 7125 Elder Gulch Road, in East Highlands,
California.
Th~ Secretary announced that a majority of the stock of the Company, in
excess of 5,000 shares, was represented by proxies on hand and by persons
present holding shares, being well over the required quorum of 3,601 shares.
A later check of persons arriving and depositing proxies indicated that ll of
the 14 persons present were holders of 579 shares, and that 5,079 shares were
represented by proxies, accounting for a total of 5,658 shares.
President Jennings, noting a quorum, declared the meeting open for business.
President Jennings reviewed the water conditions and supply during the
past year, pointing out that the excellent water year and late spring rains
in 1967 had resulted in a very good stream flow and an increased fall water
delivery without the operation of any of the Company wells during the season.
He noted that this had directly affected the financial conditions of the
Company by greatly reducing the expense of well operations.
The Financial Statement, as prepared by Eadie and Payne for the Fiscal
Year ending January 31, 1968, was presented and discussed by President Jennings.
It was moved by N~nry E. Guerth and seconded by Arnold L. Wright that the
Financial Statement be accepted and placed on file, and that the firm of Eadie
and Payne be authorized to audit the Eompany books and tp prepare the Financial
Statement for the year ending January 31, 1969. THE NOTION CARRIED.
John R. Poppett reported on the repairs expected to be made on the Plunge
Creek Syphon and the Weaver Street Trestle pipe by center lining the pipes
with concrete. He also reviewed the present water conditions, stating that
because the mountain rainfall was only about one-half that of 1967, it would
be necessary to operate some of the wells during the coming season, which
would result in increased expenses and higher assessments.
It was moved by Douglass C. Frank and seconded by Carl R. Anderson that
the actions of the Board of Directors during the past year be ratified and
approved. THE ~0TION CARRIED.
P~esident Jennings declared the meeting open for Nominations of Directors
to serve for the ensuing year.
Elizabeth N. Kiel nominated the present members of the Board of Directors,
namely, Jene S. Hamilton, Arnold L. Wright, J~m~s C. Mullins, Harold G. Rickert,
Paul R. Jennings, Walter H. Laputz and Henry E. Guerth; and moved that the
nomihations be closed and that the Secretary cast the ballot for their election.
The motion was seconded by Clifford S. Coy. THE MOTION CARRIED AND THE SECRETARY
WAS INSTRUCTED TO CAST THE BALLOT FOR THE ELECTION OF THE DIRECTORS NOMINATED.
over)
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The Secretary, John R. Poppett, cast ~,6~5 votes each for Paul
R. Jennings, Henry E. Guerth, Jene ~. Hamilton, Arnold L. Wright,
Walter H. Laputz, Harold G. ~ickert and James G. k%llins.
The Directors were declared elected to serve for the ensuing year.
There being no further business, on motion the meeting was declared
adjourned.
Sig~e d: ~,~_~ ~,~~
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