HomeMy WebLinkAboutMinutes - North Fork Water Company - 10/28/1969SPECIAL ~EETING OF THE BOARD OF DIRECTORS OF
NORTH FORK WATER COMPANY
held October 28, 1969.
A Special l~seting ef the Board of Director~ of the North Fork Ws~er Company
was held this 28th day of October, 1969, at 10:30 o'clock A.~., at the office of
The East Highlands Orange Company, ?125 Elder Gulch Road, East Highlands, ~alifornia.
Present: Directors Paul R. Jennings, Henry E. Guerth, Arnold L. Wright, Harold
G. R.icXert and Carl R. Anderson.
Absent: Director~ R. Bruce Jordan azid James C. gullins.
President Paul R. Jennings presided.
The ~iautes of the last Special ~eeting, held July 31, 1969, and of the
Joint ~eeting with Directors of Bear Valley ~utual Water Company, held Au~ust 14,
1969, were approved as read.
President ~en~inga remarked of the cooperation and fine relationship which
existed with the Bear Valley ~utual Water Company in that the Directors of that
Company had agreed to pay all of the large bills on the '~Savage'~ Tun~el and new
30* steel pipe-line job and bill this Company for its share later. He also
explained the cost of the Temporary Plastic Pipe job, of the water p~rchased
and of the new pipe job.
The Secretary estimated expenses to ~arch 31, 1970, would be approximately
27,000.00 which would include approximately $18,OOO.O0 due Bear Valley ~utual
Water ~ompar~. He stated that, with reimbursements and Cash on Hand, an assessment
of at least $3.00 per share would be ~eeded for an Income of approximately
29,000.00, leaving an estimated cash balance of less than $500.00. He further
stated that an assessment ef $~.35 would leave an estimated cash balance of
appr oximatel~ $2,000.00.
After discussion, it was moved by Henry E. Guerth and seconded by Arnold L.
Wright that the following Hesolution be adopted:
BE IT AND IT HEREBI IS RESOLVED as fellows:
FIRST: That this corporation levy and assessment (No. llg) on all of the issued
and outstanding shares of this corporation, which assessment shall be in the
amount of $~.25.
SECOND: Said asaessment shall be payable to the Secretary of this corporation,
John R. Poppett, at 27860 Atlantic Avenue, Highland, California.
THIRD: Dece~aber o, 1969, is hereby fixed as tne day on which any umpaid
assessment shall become delinquent.
FOURTH: January 6, 1970, is hereby fixed as the day for the sale of any
delinquent shares.
FIFTH: lO:O0 o'clock A.M., at 27860 Atlm~tic Avenue, Highland, San Bernardim~
County, California, is hereby fixed as the hour and place ef said sale.
THE ~OTIONCARRIED.Harold
Special ~eeting Held October 28, 1969.
After discussion, it was moved by Harold G. Rickert and meconded
by Carl E. Anderson that, subject to the approval by our Attorney,
the following Rs~olution, be adopted:
RESOLVED: that the North Fork Water ~ompany advise the Santa Aha
River Regional Water Quality Control Board that this Dompany be informed
as to the location of the sanitation plantm of the Rumuing Springs
Sanitation District and their drainage areas, and that the quality of
the effluent be maintaiaed at a level that there would be no detrimental
effect en a~riculture.
THE I~OTION CARRIED.
There being no further business, on motion the meeting was declared
adjourned.