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AMENDMENTS TO
THE OVERLAND DITCH &
RESERVOIR CO BY-LAWS
AMENDMENTS TO THE BYLAWS – FEBRUARY 14, 2005
The following amendments of the Bylaws of the Overland Ditch and Reservoir Company were presented for approval by the shareholders at the annual meeting held on February 14, 2005. The amendments passed.
Article 4, Section 5 (added language)
Monthly meetings of the board shall be held on the first Wednesday in each month after the annual election and at such times as may be necessary. All such meetings shall be held at the office of the Company or other suitable public place, and a notice of one day to the members of the Board of Directors shall be given of all special meetings.
Article 4, Section 6 (new amendment)
If any duly elected Board member misses more than three (3) monthly board meetings in one year they may be replaced by the remaining Board.
Article 8 (new amendment)
The list of names and addresses of shareholders shall be made available only to shareholders and officers upon request within ten (10) days, or to others with legitimate reason as determined by the Board.
AMENDMENT TO THE BYLAWS
– FEBRUARY 13, 2006
The following amended Article 4, Section 1 of the
By-Laws was approved by the shareholders at the 2006
Annual Meeting, February 13, 2006.
Article 4, Section 1 (as amended -
additions underlined.)
The Board of Directors shall
consist of five (5) members who shall be elected by
the stockholders at the annual meeting for two-year
terms; provided, however, that at the election of
directors held on February 14, 1983, three (3)
directors were elected to two-year terms and two
directors were elected for one-year terms and,
thereafter, all successor directors have been
elected for two year terms so that terms of
directors are staggered.
Directors shall continue to serve until their
successors have been duly elected and qualified.
Directors shall be individuals who are at
least 18 years of age and who are also stockholders
of the Company.
An individual who is a trustee of a trust or
a stockholder, partner, or member of a corporation,
partnership, limited liability company, limited
partnership, limited liability partnership, or other
legal entity which is a stockholder shall be
considered to be a stockholder for the purposes of
this Section.
AMENDMENT TO THE BYLAWS
– FEBRUARY 9, 2009
The following amended Article
4, Section 5 of the By-Laws was approved by the
shareholders at the 2009 Annual Meeting, February 9, 2009.
Article 4, Section 5
(as amended)
Following the annual board
election, the newly seated board will meet and
select a monthly meeting date to be held sometime
during the second or third week of each month.
This monthly meeting day will remain in place
until the next annual election.
Shareholders will be notified (company web
site posting) of the time and date of such meetings.
All such meetings shall be held at the office
of the Company or other suitable public place, and
notice of one day to the members of the Board of
Directors shall be given of all special meetings.
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