Deep Run Water Corporation

“The voting power and property rights and interest of each member whose fees are fully paid and who is in good standing are equal and each member shall be entitled to one vote only. There is no voting by proxy. New members are entitled to one vote and to share in the property of the corporation equally with old members. When a member has paid his membership fees in full, he shall receive a certificte of membership.”

“Members are allowed to elect vacated governing board positions once a year. The governing board then elects the officers. The board members can only serve three 3-year consecutive terms. After a director ceases to serve for at least one year, he or she will then be eligible for reelection.”

“The general membership elects the governing board and the governing board then makes most of the decisions for the organization. Each of the eight governing board members is entitled to one vote and if there is a tie, the president votes. Compensation of officers is set at any regular or special meeting of the members of the organization. Also, the general membership would vote on the removal of any officer or director from the organization.”

“The president does a thorough review of the form 990 on behalf of the governing body before the return is filed.”

“The president is compensated at a rate of $300 salary per month for an annual total of $3,600. This is the only officer compensation of the organization.”

“No officer, other than the president, is paid a salary. Other key employees are compensated at salaries comparable to others in the area that require comparable skills and abilities.”

“The organizations documents are open to public inspection upon request at the organizations site during regular business hours.”