HomeMy WebLinkAboutMinutes - North Fork Water Company - 10/21/1971SPECIAL MEETING OF THE BOARD OF DIRECTORS OF
NORTH FORK WATER COMPANY
held October 21, 1971
A Special Meeting of the Board of Directors of the North Fork Water Company
was held this 21st day of October, 1971, at 10:00 o'clock A.M., at the office of
the East Highlands Orange Company, 7125 Elder Gulch Road, in East Highlands,
California.
Directors
Present:Elizabeth M. Kiel, Paul R. Jennings, Henry E. Guerth, Harold G. Rickert,
Stuart M. George, A. J. 0'Farrell and Arnold L. Wright.
Zanjero:John R. Poppett
The Minutes of the last SpeciAl Directors Meeting, held April 8, 1971,
were approved as read.
President Jennings announced that the final payment to the Berkeley Bank
for Cooperatives had been made.
The Janjero presented an Estimate of Income and Expense for the next
six months to include March 31, $972.
INCOME
Proposed Assessment- No. 123 @ $.50 $3,600
Water Sold - Balance Due 695
Reimbursements:
Bear Valley Mutual Water Co. Well Expense 1,903
Henrietta Cram Well Expense 772
Bear Valley Mutual Water Co. Canal Expense 1,400 $8,370
Add: Cash on Hand, October 15, 1971 3,580
Total Estimated Income 11,950
EXPENSE
Joint Expense with Bear ~alley Mutual Water Co. $6,805
Corporation Expense 2,725
Total - Estimated Expense $9,530
After discussion it was moved by Stuart M. George and seconded by Harold
0. Rickert that the following Resolution be adopted:
BE IT AND IT HEREBY IS RESOLVED as follows:
FIRST: That this corporation levy an assessment, (No. 123), on all o£ the issued
and outstanding shares of this corporation, which assessment shall be in the amount
of $.50 (fifty cents).
SECOND: Said assessment shall be payable to the Secretary of this corporation,
Margaret C. Wright, at 29412 Water Street, East Highlands, California.
THIRD: December 15, 1971 is hereby fixed as the day on which any unpaid assessment
shall become delinquent.
FOURTH: January 12, 1972, is hereby fixed as the day for the sale of any
delinquent shares.
FIFTH: 10:00 O'clock A.M., at 29412 Water Street, East Highlands, San Bernardino
County, California, is hereby fixed as the hour and place of said sale.
THE MOTION CARRIED AND THE RESOLUTION WAS DECLARED ADOPTED.
7
Zanjero, John R. Poppett, stated the condition of the North Fork Canal.
No major repairs had been necessary but the canal had the worst weed grouth
in years.
President Jennings stated that the Bear Valley Lake suit is in court in
San Bernardino and that North Fork Water Company and Lugonia Water Company
may have to join in the settlement.
There being no further business, the meeting was declared adjourned.
Margaret C. Wrig6t
Secretary