320 Fruit-growing in Arid Regions 



ARTICLE III 



SECTION 1. The regular meetings of the Board of Directors 

 shall be held at the office of the Company, on the first (1st) day 

 of each month, except when the first day comes on Sunday or 

 legal holiday, then on the following day. 



Special meetings of the Board of Directors may be called by 

 the President when he may deem it expedient or necessary, or by 

 the Secretary, upon the request of any three members of said 

 Board. 



SECTION 2. A majority of the Board of Directors shall consti- 

 tute a quorum for the transaction of business, but a less number 

 may adjourn from day to day upon giving notice to absent mem- 

 bers of the said Board of such adjournment. 



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 next preceding such meeting in some 

 newspaper published in Grand Junction, Colorado. 



Second. To appoint and remove at pleasure all employees 

 and agents of the Association, prescribe their duties, where the 

 same have not been prescribed by the By-Laws of the Associa- 

 tion, fix their compensation, and when they deem it necessary, 

 to require security for the faithful performance of their respective 

 duties. 



Third. To make such rules and regulations not inconsistent 

 with the laws of the State of Colorado, and Articles of Incorpora- 

 tion, 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 neces- 

 sary 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 in- 

 debtedness. 



SECTION 4. It shall be the duty of the Board of Directors: 



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

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



