HomeMy WebLinkAboutMinutes - North Fork Water Company - 03/27/1964 (Annual Stockholders)ANHUAL MEETING OF THE STOCKHOLDERS
OF THE NO~H FORK WATER COMPANY
The Annual Meeting of the Stockholders of the North Fork Water Company
as held this 2?th day of March, 19&A, at l0 otclock A.M., at the office of
the East Highlands Orange Company, at 7125 Elder C~lch Road, in East Highlands,
Cs lifornia.
The Secretary announced that a majority of the stock of the Company,
5,719 shares, wes represented by persons present, as holders of 952 shares;
and proxies for A,?g7 shares.
The meeting was declared open for business by President Gordon V. Corwin,
presiding as chairman.
The minutes of the last Stockholder's meeting, held March 9, 1963, were
approved as reed.
Nominations for Directors of the Company were declared open.
It was moved by Fred T. Barnes end seconded by James C. Mullins, Jr.,
that the present Directors, namely; Gordon W. Corwin, Paul R. Jennings, Herman L.
Carter, Stanley L. Poppett, Jene S. Hamilton, Henry E. C, lerth and Arnold L.
Wright be nominated Directors for the ensuing year and that the Secretary cast
an unanimous ballot for their election.
THE MOTION CARRIED BY AN UNANIMOUS VOTE.
The Secretary was instructed to cast an unanimous ballot for the election
of the Directors.
Gordon W. Corwin, Paul R. Jennings, Herman L. Carter, Stanley L. Poppett,
Jene S. Hamilton, Henry E. Guerth and ~rnold L. Wright were declared Directors
for the ensuing year.
The financial Statement for the year ending January 31, 1964, as prepared
by Eadie & Payne, was presented and explained by Vice-President Paul R. Jennings.
The Secretary reported on maintenance to canal system, repairs of wells and
water conditions, stating that the pump of the new well w~s being overhauled and
would be lowered 40 feet because of lowering water levels. He reported present
storage in Big Bear Lake at only 3,100 acre feet and the river flow at only 1,0OO
inches.
There being no further business, the meeting was declared adjourned.
JAn R. Poppett ~ /
Secretary
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REGULAR ANNUAL MEETING OF THE DIRECTORS
OF THE NORTH FOF~ WATER COMPANY
Held at 7125 Elder Gulch Road, East Highlands, California.
Upon adjournment of the Stockholder's meeting, the Board of Directors
met this 27th day of March, 1964, for reorganization.
Present: Directors Gordon W. Corwin, Paul R. Jenninga, Herman L. Carter,
Stanley L. Poppett, Sene S. Hamilton, Henry E. C~erth and Arnold L. Wright.
Absent: None
Gordon W. Corwin presided as chairman.
The minutes of the last Director's meeting, held Febn~ary 10, 1964, were
approved as ~ead.
Nominations were declared open for officers of the Company.
It was moved by Jene S. Hamilton and seconded by Stanley L. Poppett that
the present o~ficers continue in the same capacities for the ensuing year.
THE MOTION CARRIED.
Herman L. Carter, acting as temporary chairman, declared the officers~ Gordon
W. Corwin, President: Paul R. Jennings, Vice-President; and John R. Poppett,
Secretary; elected to serve for the ensuing year.
Vice-President Paul R. Jenntngs discussed reasons for cancellation of the
Equipment Insurance Policy on the New Well #4.
After discussion, it was moved by StAnley L. Poppett and seconded by Arnold
L. Wright that the L~m~ts of Liability of the Comprehensive Insurance Policy be
placed at $100,O00/300,O00.coverage for Bodily Injury; at $5,000 coverage for
Property Damage-Automobile, and at $50,000/100,000 for Property Damage-Except
Automobile.
THE MOTION CAR~gIED.
President Corwin discussed repairs in detail presently being made on Well
4 by Roberts Pump & Equipment Company.
No action was taken on the request made during Stock-holder's meeting by
Harold G. Rickert for a copy of the annual Audit prior to Annual Meeting.
There being no further business, on motion the meeting was declared adjourned.
ohn R. PoppettW ~
ecretary
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