HomeMy WebLinkAboutMinutes - North Fork Water Company - 03/26/1965 (Annual Stockholders)ANNUAL ~ETING OF THE STOCKHOLDERS OF
NORTH FORK WATER COMPANY
held ~arch 26, 1965
The Anm,~l Meeting of the Stockholders of the North Fork Water Oo~oany
was held this 26th day of March, 1965, at 10 o'clock A.~L, at the office of
the East Highlands Orange Company, at 7125 Elder ~ulch Road, in East
Highlands, California.
The Secretary announced that a majority of the stock of the Company,
5,512 shares, was represented by persons present and by proxies received
prior to the meeting. A later check of persons arriving and depositing
proxies and a count of fractional shares indicated that 19 persons present,
representing 2,562.79 shares; and proxies, representing 2,992.04 shares;
accounted for a total representation of 5,554.83 shares.
The meeting was declared open for business by President Gordon W. Corwin,
presiding as chairms~x.
The Minutes of the last Annual Stockholders Meeting, held ~arch 27, 1964,
w~re approved as read.
Nomtnmtions for Directors of the Company were declared open.
It was moved by Kenneth D. Hunter and seconded by Max A. Kipf, that
the present Directors, ~m~ly; Gordon W. Corwin, Paul R. Jennings, Stanley
L. Poppett, Jens S. Hamilton, Henry E. Guerth, Arnold L. Wright and Walter
H. Laputz be nominated Directors for the ensuing year and that the Secretary
cast an unanimous ballot for their election.
THE ~OTION CARRIED BY AN UNANIMOUS VOTE.
Upon instruction, the Secretary cast an unanimous ballot for the elect-
ion of the Directors.
There were no other ballots cast.
The chairman declared Gordon W. Cor,ln, Paul R. Jennings, Stanley L.
Poppett, Jemm S. Hamilton, Henry E. Guerth, Arnold L. Wright and Walter H.
Laputz elected Directors for the ensuing year.
The Financial Statement for the year ending january 31, 1965, as
prepared by Eadie & Payne, was presented and explained by Vice-President
Paul R. Jennings.
It was moved by Paul R. Jennings and seconded by Douglass C. ~¥ank
that the Financial Statement be accepted and placed on file; and that the
firm of Eadie & Payne be authorized to audit the Company books and prepare
the Financial Statemnet at the close of the year ending January 31, 1966.
T~ ~OTiON CARRIED.
John R. Poppett, Zanjero, discussed repairs that had been made to the
Company wells and equipment during the past year. He stated that no repairs
were anticipated in connection with the wells or canal at the present t~,,-
because of the dry year and continued irrigation season.
In reporting on water conditions, he stated that to date the storage
in Bear Valley lake was only 3,400 acre feet, the river flow was approxi-
mately 1,100 inches, and that the rainfall in Bear Valley was only about
17 inches as compared to 25 inches to date in 1964 and a season average
of 37 inches. He further stated that a critical condition would exist
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Annual ~eeting - Narch 26, 196~.
should the lake become dry and that such a prediction was being made by
some for about the first week of September, unless heavy spring rains
occured.
Also discussed were plans being considered by Bear Valley ~tual
Water ComDany to increase the water supply by installing a gravity
pipe-line from their Nentone reservoir to the North Fork canal to carry
a~ surplus well water or sewage effluent, should it become available.
It was moved by Harold G. P~ickert and seconded by Kenneth D.
Hunter that actions of the Board of Directors during the past year be
ratified.
THE ~OTION CARRIED.
There being no further business, on motion the meeting was declared
adjourned.
Signed: ~L~,