HomeMy WebLinkAboutMinutes - North Fork Water Company - 03/01/1969SPECIAL ~EETING OF THE BO~&RD OY DLRECTORS OF
NORTH FORK WATER COi~PA~
held March 4, 1969
A Special ~eeting of the Board of Directors of the North Fork Water
Company was held this 4th day of March, 1969, at 10:30 o'clock A.N., at
the office of the East Highlands Orange Company, at 7125 Elder Gulch Road,
East H~ghlands, California.
Present: Directors Paul R. Jennings, Henry E. Guerth, Arnold L. Wright
and Harold G. Rickert.
Absent: Directors Jene S. Hamilton, James C. ~ullins and R. Bruce Jordan.
P~ident Paul R. Jennings presided.
The ~inutes of the last Special ~beting, held June 6j 1968, were
approved as read.
The Secretary read a letter directed to the Board of Directors by
Jene S. Hamilton advising that he had moved his residence to San Clemente,
California, and that his resignation from the Board of Directors be accepted
as of the date of the letter, February 17, 1969.
It was moved by ~rnold L. Wright and seconded by Harold O. Rickert that
the Resignation of Jene S. Hamilton be accepted.
THE MOTION CAP/{IED.
It was moved by Arnold L. ~Tright and seconded by Henry E. Ouerth that
Carl R. ;~derson be appointed by the Board to fill the existing vacancy.
THE ~0TION CARRIED AND C~RL R. A~IDER£0N WAS DECLARED A ~Zi~B,~R OF THE
BO~D OF DI~]CTORS.
Chairman Jennings reported that a "Joint Use Agreement· between the
Company and U. S. Forest Service had been executed by the Management on
July 22, 1968, stating that the Agreement was in re?ards to a new road-
way of the Forest Service at a point where it would cross the Company
canal at the Santa Aha Ranch of East Highlands Orange Company. He f~tber
stated that a Telephone Poll of a majority of the Directors prior to the
e~ec~tion of the Agre~-~nent indicated its approval.
It was moved by Henry E. Guerth and seconded by Arnold L. W~right that
the Board of Directors approve the action of the Nanagement in the execut-
ion of the *Joint Use Agreement~ with the U. S. Forest Service.
THE ~qOTIoN CARRIED.
Chairman Jennings also reported that a Telephone Poll of the Directors
had been made for approval of the execution of a "Stipulation and Order
Re Dismassal of Certain Defendants~ of the Orange County Suit as recommended
by Attorney john B~ Surr, and that the Stipulation had been executed by the
L%nagement on January 17, 1R69. He then asked for the approval of the action
of the Nanagement.
It was moved by Arnold L. Wright and seconded by Henry E. Guerth that
the Board of Directors approve the action of the ~nagem~nt in the execution
of the ~Stipulation Agreement~ of the Orange $ounty Suit.
THE MOTION CARRIED. IT WAS N~TED T~blT D£RECTOR HAROLD G. RICKERT ABSTAINED.
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Special ~eetin~ of the Board of Directors
2) held ~arch h, 1969, at 10:30 o'clock A.~.~..
The Secretary read a ~"Proposed' letter ~w,~ which would be directed
to C~D[ Engineering Associates by Horace P. Hinckley, ~;mna~er, ~ V~lley
Mutual Wa~r Co~pa~, reg~ding ~e installation of 36'/~he Compa~
canal through the ~aper property or proposed subdivision ~act 7996.
ChaPman Jennings explained that the insta~ation of the pipe would
improve the Company facilities t~ough the Tract ~d that the ~velopers
were asking that t~ ~mpany reimb~se them for a portion of the cost. ~
f~ther explained that, as sta~din the "~oposed ~t~r"~ a portion of
the canal leaves the ~a~r pro~rty and that we would ~ exacted to pay
l the cost on that portion.
Cha~m~ Je~ngs stated t~% the ~ar Valley ~tu~ Water ~mpa~
had approved the payment of $?,O00.~ tow~ds the total est~a~d cost
of the pi~ installation of $31,O00.OO~ ~d that t~ $?:000.00 p~ent
wo~d be sh~ed jointly by North Fork Water ~mp~y and ~ar Valley
l~utual %~a~r ~mpa~ or $3,500.O0 each. ~. Jen~ngs sta~d that he
felt that the Company should contribu~ up t9 a total of $10,~O.~,
if ne~ss~y, w~ch would be sh~ed ~tween t~ two Compares.
It was moved by H~old G. ~ckert and seconded by ~nold L. ~ight
t~t t~ ~d of ~rectors conc~ v~th t~ proposal to contribu~ the
s~ of $?,~0.00 tow~ds the i~tallation of pipe in the c~al by the
lopsr John Fiscalini t~ough the ~a~r property and that the amount
bo increased to $10,000.00 if necess~y.
T~ ~ION GAUD.
T~ ~cret~y presen~d ~ esti~ of Inco~ ~d ~es for t~
seven months en~ng ~p~er 3Otb, shying Est~d Inco~ of $26,66~,
nces of $23,82~ ~d Est~ated B~ance of $2,8~O. He explai~d that
had all~,?d for t~ con~ibution tow~ds the proposed ~scali~ pi~
job and repa~s of the O~ ~eek ~n~l cave-ins and City ~eek S~hon,
both damaged by recent hea~ rains. The ~cretary reco~ended that the
Compa~ levy th~ usual SprinE Assess~nt in the ~ount of $2.00 ~r shoe.
r discussion~ it was moved by ~y E. Guerth and seconded by
nold L. Wright that the following ~solution ~ adop~d:
BE IT ~D IT ~BY IS ~SOL~ED as follows:
F~ST: That t~s corporation le~ an assessment (No. ~8) on ~l of t~
issued and outstan~ng sh~es of this corp~ation~ which assessment shall
be in the ~ount of ~o Doll,s ($2.00)
SECOND: Said assessment shall ~ payable to the ~cretary of this corp-
oration, Jo~ R. Poppett~ at 2?860 Atlantic Avenue~ ~g~and~ C~ifor~a.
I~: April 2~ 1969, is hereby f~ed as the day on which any ~paid
assessment sh~l ~co~ delinq~nt.
FOURTH: I~y 22~ 1969, is here~ f~ed as the ~y for the sale of a~
delinq~nt sha~s.
FISH: lO:O0 o'clock A.i~., at 2~860 Atlantic Avenue, Hig~and, ~n
Bern~no Cowry, ~alifornia, is hereby fixed as the ho~ and place of
said sale.
T~ l~i~ION C~IED ~D T~ ~SOL~ION WAS DEC~D ~O~ED.
There being no f~ther business, the ~eting was declared a~o~ned.
cre t~y
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