278 The Fruit-Growers Guide-Book 



constitute a quorum for the transaction of business, but a 

 less number may adjourn from day to day upon giving 

 notice to absent members of the said board of said ad- 

 journment. 



Section 3. The board of directors shall have power: 



First. To call special meetings of the stockholders 

 whenever they deem it necessary, by publishing a notice 

 of such meeting once a week for two weeks preceding such 

 meeting in some newspaper published in Grand Junction, 

 Colorado. 



Second. To appoint and remove at pleasure all em- 

 ployes and agents of the association, prescribe their duties, 

 where the same have not been prescribed by the by-laws 

 of the association, fix their compensation, and when they 

 deem it necessary, to require security for the faithful per- 

 formance of their duties. 



Third. To make such rules and regulations not incon- 

 sistent with the laws of the state of Colorado, and articles 

 of incorporation, or the by-laws of the association, for the 

 guidance of the officers and the management of the affairs 

 of the association. 



Fourth. To incur such indebtedness as they may deem 

 necessary for carrying out the objects and purposes of the 

 association and to authorize the president and secretary to 

 make the note of the association with which to raise money 

 to pay such indebtedness. 



Section 4. It shall be the duty of the board of directors: 



First. To be caused to be kept a complete record of all 

 of their meetings and acts, and also the proceedings of the 

 stockholders, present full statements at the regular meet- 

 ings of the stockholders, showing in detail the assets and 

 liabilities of the association, and the condition of the af- 

 fairs in general. 



Second. To supervise all acts of the officers and em- 

 ployes, require the secretary, treasurer and manager to 

 keep full and accurate books of account of their respective 

 business. 



