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Show nifitMiimuiHHiiimuitiMiiiti(ni(nMltMnmntMHM NOTICK OK TIIK ANNUAL .MKliTlMl OK NTOCKIIOI.Dr.ltH OK TIIK WI-.ST l'AXHl'ITCll UtltKJATlOV AM I'.KSKRVOIIt t'OMI'ANY, A fOltrollATlOX, AMI OK Till: IIL'Sl.NKSS TO UK TlUXSAtTTKO AT SAID MKKTIXO NOTICK IS IIERK1IY OtVKN that the Annual Meeting ot the Stockholders of The Weat Van-gultch IrrlRatlon and Reservoir Company, a corporation, will be held Monday. Feb. 14, 1955 at 1:00 P.M. In the Courtroom at the (larfteld County Courthouse, l'angultch, Utah, for the following purposes: t' 1. To hear, consider, and act upon the reports of the Secretary and Treasurer and the President, and such other Reports as may be presented at the meeting. 5 2. To elect such Directors and officers as are required to be elected by the Articles of Incorporation. 3. To consider and act upon proposals to amend the Articles of Incorporation of the Compa-, ny as follows: ' " a. To amend ART. 1 to change the name of the Company to West l'angultch Irrigation and Reservoir Company. b. To amend ART. IV to provide that the Corporation shall continue and exist for 100 years unless sooner dissolved and disincorporated according to law. c. To amend ART. V to enlarge the powers and purposes of the Corporation. d. To amend ART. VIII to provide for a Hoard of seven Directors to be elected by the stockholders, and a President and Vice-President to be elected by the Directors from among their own number; tore-quire the ownership of 10 shares of stock and residence In Garfield County, Utah, as qualifications for election as Director; to fix thcterma of office of the President and Vice-President at . one year , and until their successors are 4-,' - - , elected and qualified, such 4 ',. officers .to be elected annual- ' ':-. ly by the Directors at thetr i ft rat meeting following the Annual ft ock holders' Mt Ing; to provide that the Secretary and Treasurer, neither of whom need be itotkhotd-em, are to be elected by the Hoard of Directors to hold office at the will of the Directors and that their office may lie combined; and to provM the following terms of of tire of the Directors: Those to be elected at the February 19S8 meeting to hold office for one year. 3 Directors to be elected In Feb. 19SS to hold office for 3 yeara, 2 for 2 years, and 2 for 1 year, and all Directors starting with those eletetl at the Feb. 195" Stockholders' Meeting to hold office for terms of 3 years,, and to provide that any Director elected In 195(5 and thereafter shall not be entlt- -led to be reelected until one year has elapsed from the end of his former term. e. To amend ART. IX to provide the method by which officers may resign and may be removed from office and the filling of vacancies. f. To amend ART XII to provide that nothing shall limit the Company's right to levy and collect assessments on Its corporate stock and to adertise and sell the same for non-payment of assessments in the manner provlcl- ed by law. g. To amend ART. XIII to provide that each share of stock Is entitled to one vote at stockholders' meetings, to be voted by the stockholder or stockholders owning the same of record', provided that proxies duly . appointed in writing shall be accepted, re-, cognized and allowed, and to eliminate the provision that stock may be. voted by "any authorized mortgagor, tenant, lessee, or farm employee who uses the water represented by said water stock". It. To amend ART. XIV to provide that the method of calling special meetings and of giving notice of all stockholders' meetings shall be given as provided by the By- Iawa. I. To amend Art XV to provide that Annual Stockholder' Meetings shall be held on the Ind Monday of Feb,' of each ear at 1 :0 P.M. at PaHiuitrh. Utah, and H . sold day Is a legal holiday, then on the next succeed! ns sylr day at 1:00 P.M. J. To amend ART. XVI to provide that Directors may adept, alter, amend and repeal Iljr-Laws, Rules and Re- ' gulotlons for the government of the Corporation and Its affairs. In exercising Its corporate dtitl'in. purposes and powers, "and In distributing the water owned by It. and to appoint all such agents and other employe of the Corporation as to the Directors shall Wfffl proper;' to prescribe their duties and compensation; and to release them at , pleasure. k. To amend ART. XVII to . provide that Directors may appoint from their number an Executive Committee '.of not less than 3 nor more than 6 persons whose duties shall be as prescribed In the Ily-Iaws. I. To add ART. XX to the Articles of Incorporation to provide that the duties of the various officers shall be as prescribed In the By-Laws. m. To add ART. XXI to pro-ld that the corporate stock certificates shall be signed by the president (or In his ab- sence, by the Vlce-Pre.l and Secretary, and shall be issued for one share of stock or any multiple or fraction thereof. n. To add ART. XXlt to provide that, all matters not ' 0t forth In the Articles of . Incorporation shall be handled In the method' provided for In the By-Laws. o. To' add ART. XXII I to provide that the. Articles ot Incorporation may be amended by a majority vote of the outstanding capital stock at any stockholders'- meeting, either special or annual, it notice setting forth the nature of the proposed amendments Is given in the manner and for the time provided by the By-Laws In th- i n of special meetings' P. 1 add ART XXIV to limit ' Directors' authority to'bMiow money to a raati-muni . ' $26,000.00 HV (m;iER OF TIIK HOARD OF DIRi: TORS OF TIIK WEST PAN'OUnvlI IRRIGATION AND ItRStfRUMR COMPANY. A OOrtPORATlON. i I' FRANK ORTON. PRESIDENT OAI.MN W. MILLER, SECRKTARY . pub. -7, Feb. 3 and 10 |