HomeMy WebLinkAboutMinutes - North Fork Water Company - 03/25/1966 (Annual Stockholders)ANNUAL ~EETING OF THE STOCKHOLDERS OF
NORTH FORK WATER CO~.ANY
held ~ch 25, 1966
The Annual ~eetin£ of the Stockholders of the North Fork Water Company was
held this 25th day of ~.iarch, 1966, at lO~o'clock A.~., at the office of the East
Highlands Orange Company, at 7125 Elder ~ulch Road, in East Higklands, California.
The Secretary announced that a majority of the stock of the Company, in excess
of 3,600 shares, was represented by persons present and by proxies. A later check
of persons arriving and depositing proxies indicated that 13 persons present,
holding 507 shares, and proxies deposited, representing 5,4?0 shares, accounted
for a total representation of 5,977 shares. (Fractional shares excluded).
A quorum being noted, the meeting was declared open for business by Vice-
President Paul R. Jennings, presiding as chairman in the absence of President
Gordon W. Corwin.
It was moved by Walter H. Laputz and seconded by Margaret C. Wright that
the minutes of the last Annual Meeting, held March 26, 1965, be dispensed with.
T~LE MOTION CARRIED.
The Financial Statement for the Fiscal Year ending January 31, 1966, as
prepared by Eadie & Payne, was presented and explained by Chairman Jennings.
Noting that the Company had completed its 8Oth year of operation, he also
gave a short history of the Companye' water rights and of the water contract
held withl Bear Valley ~utual Water Company.
On motion of Harold G. Rickert, seconded by James R. Savage, the Financial
Report for the Year ending January 31, 1966, was accepted and the firm of Eadie
Payne was authorized to audit the Company books and to prepare the Financial
Report at the close of the Year Ending January 31, 1767.
It was moved by Harold G. Rickert and seconded by Jam~s R. Savage that
the actions of the Board of Directors during the past year be ratified and approved.
THE ~OTION CARRIED.
The Secretary-Zanjero, John R. ?oppett, reported that the canal had been cleaned,
weed growth had been oil-sprayed and a few minor repairs had been made to canal walls.
He stateel that no repairs to the Company wells were anticipated at the present time.
In comparing water conditions, he stated that the lake level now stood at 51'Ol",
with 23,000 acre feet of water in storage; as against 35'00", with 3,400 acre feet
in storage on the smae date in 1965. He also stated that the net river flow on
March 23rd was 2,400 inches as compared to 1,100 inches on garch 25, 1965.
In response to questions, Chairman Jennings discussed several phases of the
operation of of the lake in Bear Valley as related to water storage for irrigation
and recreation.
ELECTION OF DIRECTORS. Nominations were declared open for Directors of the
Company for the ensuing year.
Charles L. Cole nominated Harold G. Rickert.
Elizabeth i~. Kiel nominated Gordon W. Corwin, Paul R. Jennings, Stanley L.
Poppett, Jene S. Hs,milton, Henry E. Guerth, Arnold L. Wright and Walter H. Laputz;
and moved that the nominations be close~. The motion was seconded by ~/~rgaret C.
Wright. T~ ~OTION CARRIED, and the No~minations for Directors were declared
closed.
There being eight no~ihations for Directors, voting was made by
v.~ itt e n ballot.
The results of the tabulation of the ballots showed that a
majority of the 5,967 votes cast were in favor of Gordon W. Corwin,
Paul R. Jennings, Stanley L. Poppett, Jene S. Hamilton, Henry E. Guerth,
Arnold L. Wright and Walter H. Laputz.
Gordon W. Corwin, Pa~l R. Jennings, Staoley L. Poppett, Jene S.
Hamilton, Henry E. Guerth, Arnold L. Wright and Walter H. Laputz were
declared elected to serve as Directors for the ensuing year.
There being no further business, on motion the meeting was
declared adjourned.
I John R.Poppet~J ~/~
Secretary