FORM 990, PART VI, SECTION A, LINE 2 |
RICHIE IEST AND BRYANT ELKINS SERVE AS DIRECTORS OF THE COMPANY. BRYANT ELKINS WORKS AS A CONTROLLER FOR VARIOUS ENTITIES IN WHICH RICHIE IEST MAINTAINS OWNERSHIP INTERESTS. |
FORM 990, PART VI, SECTION A, LINE 6 |
MEMBERS MAINTAIN SHARES OF STOCK THAT ARE AN INCIDENTAL RIGHT ATTACHED TO THE PARCELS OF LAND SERVICED BY THE COMPANY. THESE SHARES PASS WITH THE POSSESSION OF THE PARCELS. IN THE EVENT THAT A PUBLIC AGENCY ACQUIRES POSSESSION OF A PARCEL OF LAND WITHIN THE COMPANY'S SERVICE AREA, THE SHARES APPURTENANT TO THE LAND ARE CANCELLED. |
FORM 990, PART VI, SECTION A, LINE 7A |
MEMBERS MAINTAIN SHARES OF STOCK THAT ARE AN INCIDENTAL RIGHT ATTACHED TO THE PARCELS OF LAND SERVICED BY THE COMPANY. THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERS, WHO HAVE VOTING RIGHTS PROPORTIONAL TO THE NUMBER OF SHARES OF STOCK OWNED. |
FORM 990, PART VI, SECTION A, LINE 7B |
ADOPTION OF NEW BYLAWS AND REPEAL OR AMENDMENT TO EXISTING BYLAWS IS SUBJECT TO APPROVAL BY VOTE OF ALL MEMBERS. |
FORM 990, PART VI, SECTION B, LINE 11B |
LINE 11B EXPLANATION - A COPY OF FORM 990 IS REVIEWED BY MANAGEMENT AND PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS FOR REVIEW, WITH QUESTIONS AND CONCERNS OF THE MEMBERS OF THE BOARD OF DIRECTORS ADDRESSED PRIOR TO FILING. |
FORM 990, PART VI, SECTION B, LINE 15A |
THE BOARD OF DIRECTORS REVIEWS AND APPROVES GENERAL MANAGER COMPENSATION ADJUSTMENTS AS DETERMINED NECESSARY. |
FORM 990, PART VI, SECTION C, LINE 19 |
GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |