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Collection: Original Records > Articles of Incorporation
Glenshire Mutual Water Co (AI-G235)(1969) (6 pages)

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Page: of 6

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6. The authorized number of directors of the corporation
i:may be changed from time to time by an amendment of the bylaws of
. the corporation, duly adopted by the vote of the holders of a.
{majority of the shares of the corporation.
7. Shares of stock of this corporation shall be issued
1 only to the owners of land within the service area of the corpora;tion as provided in the bylaws. Shares of stock shall be issued
to and allocated among the lands within the service area of the
corporation as provided in the bylaws. Each certificate of stock
shall describe the parcel of land to which it is allocated and
the share or shares represented by such certificate shall be .
appurtenant to the parcel of land described therein. No such
appurtenant shares shall be transferred except with the sale of
the parcels to which they are appurtenant. —
8. This corporation is not organized for profit and no
dividends shall ever be paid to its shareholders.
9. Any action required or permitted to be taken by the
board of directors under any provision of the California General
Corporation Law may be taken without a meeting, if all members of
the board shall individually or collectively consent in writing
to such action. Such written consent or consents shall be filed
with the minutes of the proceedings of the board. Such action by
written consent shall have the same force and effect as a unanimous vote of such directors. Any certificate or other document
filed under any provision of the California Génekad Corporation
Law which relates to action so taken shall state that the action
was taken by unanimous written consent of the board of directors
without a meeting and that these articles authorized the directors
to so act, and such statement shall be prima facie evidence of
such authority.
10. A copy of the bylaws of anne corporation and of
any amendments thereto, duly certified by the secretary of the
aah.