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HomeMy WebLinkAboutMinutes - North Fork Water Company - 04/30/1976 (Annual Stockholders)NORTH FORK WATER COMPANY 1155 Del Rosa Avenue San Bernardino, California ANNUAL MEETING OF THE STOCKHOLDERS APRIL 30, 1976 The annual meeting of the stockholders of the North Fork Water Company was held April 30, 1976, at 10:00 A.M. at the office of the East San Bernardin. County Water District, 1155 Del Rosa Avenue, San Bernardino, California. Board Members present: Arnold L. Wright Elizabeth Kiel Joseph A. Rowe Directors~Absent - ~aul Jeh~inqs,Jr. - Stuart George Others present: Howard H. Hendricks Dennis L. Johnson Norman W. Forrest Margaret Wright Kathryn Beattie The Secretary announced that a majority of the stock of the Company in excess of the required 3,601 shares was represented by 5,119.42 shares by proxy and in person. The meeting was declared open for business by President Arnold Wright. The minutes of the regular Stockholders meeting of April 18, 1975 were approved as read. m President Wright made a report of the system and stated that the ditch appeared to be in satisfactory condition for the forthcoming irrigation season. He indicated that Fred Stafford, who works jointly for Bear Valley Mutual Water Company and North Fork Water Company is doing an excellent job. President Wright commented on the Big Bear Condemnation Suit and its status. He asked Mr. Rowe to comment on the Big Bear Regional Waste Water problem. Mr. Rowe indicated that the decisions appear to be in agreement with the North Fork Water Company Board of Directors. The President reported that to date North Fork Water Company has elected not to be a part of the Water Exchange Agreement, but that has not been finalized as of this date. Mr. Rowe also reported on the Condemnation activity by San Bernardino Valley Municipal Water District, in order to install a surge line across North Fork property. The line has gone through the North Fork ditch and the ditch has been replaced by a 36" corrugated dipped pipe. The President asked the Secretary to report on the Financial Statements that were audited by Eadie and Payne. The Secretary reviewed the Financial State- ments with questions being asked and upon a motion by Margaret Wright, seconded by Mrs. Kiel that the report be accepted and that Eadie and Payne be appointed Auditors for the ensuing year. w The President asked the Stockholders present to ratify the action of the Board of Directors for the past year and upon a motion by Mrs. Wright, seconded by Mrs. Beattie and approved unanimously, that all Board actions be ratified by the Stockholders. Upon a motion by Mrs. Kiel, seconded by Mrs. Beattie that a Resolution be made a part of the minutes, expressing appreciation of Mr. Harold G. Rickert for services on the Board of Directors over the past years. Motion carried. RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORTH FORK WATER COMPANY WHEREAS: Harold G. Rickert, having served the North Fork Water Company for a number of years as a Director, giving of his time for the best interests of the company and WHEREAS: the Stockholders and Directors of the company have appreciated the untiring efforts of Harold G. Rickert on their behalf. THEREFORE BE IT RESOLVED: that the Board of Directors and the Stock- holders of the North Fork Water Company hereby express their apprecia- tion for the years of service given by Harold G. Rickert. President Wright declared that the nominations for Directors for the forthcoming year were in order. Mrs. Beattie placed nominations for Directors Arnold~L..Wright, paul Jennings,Jr. Joseph A. Rowe, Elizabeth Kiel, Stuart George, Laird Roddick and Dennis Johnson. Mrs. Beattie moved that nominations be closed, seconded by Mrs. Wright and that the Secretary cast a unanimous ballot for those nominated. Motion carried. As there was no other business to be brought before the Annual Stockholders meeting, the meeting was adjourned at 10:45 A.M. Howard H. Hendr~cks, Se6r-etary NORTH FORK WATER COMPANY 1155 Del Rosa Avenue San Bernardino, California Upon adjournment of the Annual Stockholders meeting, the Board of ~ Directors met on April 30, 1976, at 1155 Del Rosa Avenue, San Bernardino, California, for the purpose of reorganization and further business that may come before the Board. Present: Directors - Arnold L. Wright Elizabeth Kiel Joseph A. Rowe Dennis L. Johnson Directors Absent - Laird Roddick - Paul Jennings,Jr.- Stuart George In addition: Howard H. Hendricks - Secretary Chairman Arnold Wright called the meeting to order and asked that the minutes of the March 16, 1976 meeting be read by the Secretary. The Secretary read the minutes of the March 16, 1976 meeting and they were approved as read. The Chairman stated that nominations for Officers were in order. Mr. Johnson nominated Arnold L. Wright for President and Stuart George for Vice President and upon a motion by Mr. Rowe, seconded by Mrs. Kiel that nominations be closed and that the Secretary be instructed to cast a unanimous ballot. Mr. Johnson moved, with Mrs. Kiel seconding, that ~'~ Mr. Hendricks again be appointed as Secretary for the forthcoming year. Motion carried unanimously. Discussion was held concerning the assessment and after reviewing the finances it was moved by Mr. Johnson, seconded by Mrs. Kiel that assess- ment 1976-1 be set at $2.50 per share. Motion carried. Discussion was held concerning Leon Stafford and his request to have his North Fork Water Company salary to be eligible for retirement benefits. Mr. Wright indicated that Bear Valley Mutual Water Company has agreed to this additional benefit, as they share equally in the cost of Mr. Stafford's services. Upon a motion by Mr. Johnson, seconded by Mr. Rowe, the Secretary was instructed to notify Bear Valley Mutual Water Company to include Mr. Stafford's monthly salary in his retirement plan. Motion carried. The subject of a truck that had been purchased by Bear Valley Mutual Water Company for the benefit of the Zanjero and has been billed to North Fork Water Company at one half of its cost, was discussed by the Directors. Upon a motion by Mrs. Kiel, seconded by Mr. Rowe, the Secretary be authorized to pay the amount so billed. Upon a motion by Mrs. Kiel, seconded by Mr. Rowe, that the standard Bank of America Resolution be prepared and authorized for any two people of the Directors and Secretary, be eligible to sign checks of the North Fork Water Company account, at the Bank of America, Sterling and Highland branch. Motion carried. President Wright read a letter from Attorney Denslow Green, regarding his question concerning the Exchange Water and the implication of putting North Fork Water Company water outside of its service area. Upon a motion by Mr. Johnson, seconded by Mr. Rowe, that the letter be tabled. Motion carried. As there was no further business to be brought before the Board, the meeting was adjourned at 11:30 A.M. Howard H. H~ndr~cks, SeCretary N°· 75