HomeMy WebLinkAboutMinutes - North Fork Water Company - 03/03/1970SPECIAL ~RTING OF THE BOARD OF DIRi~CTORS OF
NORTH FORK ~IATER '30~PA~Y
held ~arch 3, 1970
A Special ~etin~ of the Board of Directors of the North Fork Water
Company was held this 3rd day of ~arch, 1970, at 10:30 o'clock A.M., at the
office of the East Highlands Oran.~e Company, 7125 Elder Gulch Road, East
Hi:hlands, California.
Present:Directors Paul R. Jen,in~s, Henry E. Guerth, Harold G. Rickert,
Arnold h. wright and Carl R. ~derson.
Abme~t: Directors R. Bruce Jordan and J~aes C. ~ullin~.
Ai~o p~esent were Willi~ B. Smith, A~sistant Business Administrator,
Patton State Hospital amd Stockholder Stuart ~. Geor&e.
President Pa~l R. Jennings presided.
The~MinuteS oflthe last Special .~eet~n~, held October 28, 1969, were
dispensed with.
The Secretary read a letter directed to President Jennings by Director
J~aes C. ~ullins wherein he requested the Company accept his resignation as
a Director because his business activities in San Pedro, California, made
it impossible for him to attend meetings of the Company.
It was moved by Arnold L. '~;right and seconded by Carl R. Anderson that
the resignation of James C. ~ullins be accepted.
THE ~OTION CARRIED.
Nominations were declared open for a Director to fill the existing
vacancy.
It was moved by Arnold L. Wright and seconded by Carl R. Anderson that
Stuart ~. George be elected to serve as a Director of the Company.
THE ~OTION OARRIED.
Stuart N. ~ieorge was declared elected a~d was directed to ~ be
seated as a member of the Board of Directors.
The Secretary presented an estimate of Income and Expenses for 7 months
to October l, 1970, as follows:
Estimated Inc nme
Proposed Assessment (No. 120) @ $1.50 $ 10,800
Reimbursement: Bear Valley ~utual Water Co. 1,750
Add: Cash on Hand, 2-28-70 3;375 $ 15,925
Estimated Expenses
Ooint Expense with Bear Valley ~ut. Water Co. $ 4,6?0
Corporation Expense 3,915
Add: Principal Payment, due 10-01-?0 5~5.40.
Total Estimated Disbursements 14;125
Estimated Balance, 10-01-?0 $ 1;800
N? 30 (over)
Special ~eeting i~rch 3, 1970
After discussion, it was mowed by Arnold L. ~5¥ight and seconded by
Stuart 1,~. C~orge that the following Resolution be adopted:
BE IT ~ND IT HEREBY IS RESOLVED as follows: ~.~
F~ST: That this corporation lewy an assessment, (No. 120), on all of
the issued and outstanding shares of this corporation, which assessment
shall be in the mnount of One Dollar and Fifty Cents ($1.50).
SECOND: Said assessmsmt shall be payable to the Secretary of this corp-
oration, John R. Poppett, at 27860 Atlantic Awenue, Highland, California.
THIRD: April 23, 1970, is hereby fixed as the day on which any tmpaid
assessment shall become delinquent.
FOURTH: }~ay 2Q, 1970, is hereby fixed as the day for the sale of any
delinquent shares.
FIFTH: lO:O0 o'clock A.}L, at 2?860 Atlantic Awenue~ Highland, San
Bernardino County, California, is hereby fixed as the hour and place
of said sale.
THE LOTION CARRIED.
Harold G. Rickert inquLred as to what action had been taken in
adwising the Santa A~a Riwer Basim Regional Water Quality Control Board
of this Company's stand on the sanitation plants to be constructed by
the Rmuning Springs Sanitation District.
Jermings
President/advised that, after an attempt to confer with Attorney
John B. Surr, who was away at the time, the matter had been owerlooked~
but would be ?ww taken care of when possible to talk to Attorney Surf.
There being no further business, on motion the meeting was declared
adj ou rned.
Szgne
J Se cretary