HomeMy WebLinkAboutMinutes - North Fork Water Company - 03/25/1986NORTH FORK WATER COMPANY
1155 DEL ROSA AVENUE
SAN BERNARDINO, CA.
M3%RCH 25, 1986
The reorganization meeting of the Board of Directors of the North
Fork Water Company was held on March 25, 1986 at 6:00 p.m. in the
offices of the East Valley Water District, 1155 Del Rosa Avenue,
San Bernardino, California.
PRESENT: Arnold Wright, President
Victor Ray, Vice President
Dennis Johnson, Director
Elizabeth Kiel, Director
Ray Keslake, Director
Sandy Shepherd, Secretary
Donna Bedard, Treasurer
ABSENT: Glenn R. Lightfoot, Director
Joe Rowe, Director
GUESTS: Larry W. Rowe, General Manager EVWD
BOARD RE-ORGANIZATION
M/S/C (Johnson-V. Ray) that the existing officers remain the
same. Arnold Wright, President; Victor Ray, Vice President;
Sandra Shepherd, Secretary; Donna Bedard, Treasurer.
APPROVAL OF DECEMBER 10, 1985 MINUTES
M/S/C (V. Ray/D. Johnson) that the December 10, 1985 minutes
be approved.
RESOLUTION 1986.1 - ESTABLISHING AUTHORIZED SIGNATURES FOR
WITHDRAWL OF MONIES FROM CHECKING ACCOUNT was presented to the
Board for approval.
M/S/C (Johnson-Kiel) that Resolution 1986.1 be approved.
RESOLUTION 1986.2 - ESTABLISHING AUTHORIZED SIGNATURES TO SIGN ON
SAVINGS ACCOUNT WITH PACIFIC SAVINGS BANK was presented to the
Board for approval.
M/S/C (Johnson-Kiel) that Resolution 1986.2 be approved.
RESOLUTION 1986.3 - ESTABLISHING AGENTS FOR THE ACCOUNT WITH
PAINE, WEBBER, JACKSON AND CURTIS, INC. was presented to the
Board for approval.
M/S/C (Johnson-Kiel) that Resolution 1986.3 be approved.
DIRECTORS AND OFFICERS INSURANCE
Larry Rowe spoke to the Board regarding directors and officers
insurance. It was noted that on April 28, 1986 the East Valley
Water District's legal counsel will be briefing directors on
their liability; that any North Fork Directors would be welcome
to attend. Information only.
GENERAL LIABILITY INSURANCE
North Fork's general liability insurance was reviewed at length.
No action taken.
1986 ASSESSMENTS AND WATER DELIVERY RATE
M/S/C (V. Ray/Ray Keslake) that the 1986 assessments be set
at $3.00 per share; that the water delivery rate be set at 2-1/2"
per share.
APPOINTMENT OF ALTERNATE FOR EXCHANGE PLAN COM~ITTEE
Victor Ray was appointed alternate to 4~e~-i~ ~ to represent
North Fork Water Company at the Exchange Plan meetings.
ADJOURNMENT
The meeting adjourned at 6:30 p.m.
Arnold Wright, President
Sandra Shepherd, Secretary