Minnehaha Community Water Corp

“The members of minnehaha community water corporation are the qualified water users at each service connection. There shall be two classes of membership. One class of membership shall be comprised of persons and corporations. Another class of membership shall be comprised of political subdivisions, including the state and all subdivisions of government thereunder. No members of minnehaha community water corporation shall be entitled to more than one vote at meetings of the members regardless of the number of service connections held by the member. A member who is a corporation or political subdivision may designate a person to cast its vote at a meeting of the members and shall notify minnehaha community water corporation of that designee in writing prior to any meeting at which such vote shall be cast.”

“Voting on members for office at annual meeting”

“Any business conducted at the annual meeting, such as approving the auditors report and reading of the prior minutes.”

“Reviewed by executive director and office manager”

“Minnehaha community water corporation's conflict of interest policy applies to any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest. A person has a financial interest if the person has, directly or indirectly, through business, investment, or family, an ownership or investment interest in any entity with which minnehaha community water corporation has a transaction or agreement; a compensation arrangement with minnehaha community water corporation or with any entity or individual with which minnehaha community water corporation has a transaction or arrangment; or a potential ownership or investment interest in, or compensation arragement with, any entity or individual with which minnehaha community water coporation is negotiating a transaction or arragement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting which the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during discussion of, and vote on, the transaction or arrangement involving the possible conflict of interest. The chairperson of the governing board or committee shall, if appropriate appoint a disinterested person or committee to investigate alternatives to the proposed transaction. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee hall determine by a majority vote of the disinterested directors whether the transaction or arragement is in minnehaha community water corporation's best interest. To ensure minnehaha community water operates in a manner consistent with its purpose, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include whether compensation arragements and benefits are reasonable, based on competent survey information, and the result of arms-length bargaining. It will also review wheth partnerships, joint ventures, and arragements with management conform to minnehaha community water corporation's written policies, are properly recorded, reflect reasonable investment or payment for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction. When conducting the periodic reviews, minnehaha community water corporation may, but need not, use outside advisors. If outside experts are used, their use shall not relieve the governing board of its responsibility for ensuring periodic reviews are conducted.”

“Done by the executive director”

“They are on file at the corporate office and copies are available upon request.”

“Add members investment in water rights 100,800 add members contribution for construction 206,509 less construction amortization -464,820 total -157,511”