HomeMy WebLinkAboutMinutes - North Fork Water Company - 03/26/1971 (Annual Stockholders)ANNUAL ~ETING OF THE ST0~KHOLDERS OF
NORTH FORK WATER COMPANY
held ~rch 26, 1971
The Annual Meeting of the stockholders of the North Fork Water Company
was held this 26th day of ~arch, 1971, at 10:00 o'clock A.~., at the office
of the East Highlands Orange ~ompany, at 7125 Elder Gulch Road, in East
Highlands, California.
The Secretary announced that a majority of the stock of the ~ompany,
well in excess of the required 3,601 shares, was represented by eleven
persons present and proxies deposited prior to the meeting. A final count
indicated that persons present, holding I!~!l shares, and proxies deposited
in the amount of 5,709 shares, accounted for a total representation of
6,1%O shares.
The meeting was declared open for business by Paul R. Jennings, President.
The Minutes of the last Regular Stockholder's Meeting, held ~ch 27,
1970, were approved as read.
President Jennings reviewed the Balance Sheet and Statement of Income
and Expenses for the Fiscal Year Ending January 31, 1971. He noted that
only one final payment remained on the money borrowed from Berkeley Bank
For Cooperatives in 1957 for the purpose of drilling and equiping the New
Well ~. He also noted that Cash On Hand at the close of the Fiscal Year
was in the ~aount of $5,211.84.
After discussion, it was moved by Stuart M. George and seconded by
Oarl R. Anderson that the Financial Statement he approved and placed on
file; and that the firm of Eadie and Payue be authorized to audit the books
of the Company and to prepare the Financial Statement and Tax Returns for
the Fiscal Year Ending January 31, 1972.
THE MOTION ~A~RIED.
John R. Poppett reported that rainfall was much below normal at this
date in the Santa Ann River watershed, noting that Bear Valley had recorded
only 21.3 inches of rainfall as compared to the average of 33.00 inches to
arch 31st. He also stated that the river was only flowing 1, ?OO inches as
compared to 3,200 inches on the same date in 1970. He reporSed that the
only repairs that had been made to date was the raising of the height of
the walls of the sand box at the intake weir in order to increase its
capacity for holding the excessive amount of sand due to the fire burn in
the fall of 1970.
President Jennings discussed the exteD~ive damage and expense that the
Southern ~California Edison ~Company had incurred in Santa Aha Canyon due to
the flood year of 1969 and the mountain fire in 1970, noting that the
problemm- with sand would continue all summer. He also noted that costs of
operating wells during the current year would he higher because of less than
normal rainfall.
NOMINATIONS FOR DIRECTORS
Nominations for Directors of the ~company for the ensuing year were
declared open by President Jennings.
over
Azmual Stockholder's M~eting held March 26, 1971.
It was moved by Elizabeth M. Kiel and seconded by James R. Savage
that the present Directors; ~arl R. Anderson, Stuart ~. GeOrge, Henry
E. Guerth, Paul R. Jennings, A. J. 0'Farrell, Harold G. Rickert and
Arnold L. Wright be nominated to serve as Directors for the ensuing
year; and that the Secretary be instructed to cast an unanimous ballot
for their election.
THE MOTION GARRIED ~Y AN UNANIMOUS VOTE.
The Secretary cast an unanimous ballot for the election of those
nominated for Directors.
As no other ballots were cast, Carl R. Anderson, Stuart M. George,
Henry E. Guerth, Paul R. Jennings, A. J. O'Farrell, Harold G. ~ickert
and Arnold L. Wright were declared elected to serve as Directors for
the ensuing year.
There being no further business, the meeting was declared adjourned.
IJohn R. Poppett ! ~
Secretary