The first meeting of the board of directors shall be held at such time and place as may be agreed upon by a majority of the persons named as such in the articles of incorporation, and all subsequent meetings shall be at such times and places as the bylaws may designate.
History: Laws 1887, ch. 12, § 7; C.L. 1897, § 474; Code 1915, § 1032; C.S. 1929, § 32-412; 1941 Comp., § 72-208; 1953 Comp., § 68-2-8.
Compiler's notes. — Sections 62-2-1 to 62-2-22 of the Public Utility Act are still effective as the repeal of Chapter 62, Article 2 by Laws 1998, Chapter 108, Section 82, effective July 1, 2003 was repealed prior to taking effect by Chapter 23, Section 1, Laws 2003. Although Laws 2003, Chapter 336, Section 8, amended Laws 1998, Chapter 82, as amended, an amendment of a repealed section is ineffective. See Quintana v. N.M. Dep't of Corrs., 100 N.M. 224, 668 P.2d 1101 (1983). Laws 2003, Chapter 416, Section 5 also repealed Laws 1998, Chapter 108, Section 82, as amended, a second time, however, that repeal is of no effect as the section had previously been repealed by Chapter 23, Section 1, Laws 2003.
Structure New Mexico Statutes
Chapter 62 - Electric, Gas and Water Utilities
Article 2 - Incorporation and Powers of Waterworks
Section 62-2-1 - Companies for supplying water; articles of incorporation.
Section 62-2-2 - [Contents of articles of incorporation.]
Section 62-2-3 - Filing of articles; certified copies.
Section 62-2-4 - [General powers.]
Section 62-2-5 - [Additional powers.]
Section 62-2-6 - [Directors; qualifications; election.]
Section 62-2-7 - [Quorum in directors' meeting.]
Section 62-2-8 - [Meetings of directors.]
Section 62-2-9 - [Transfer of shares.]
Section 62-2-10 - [Subscriptions to stock; payment; notice of assessment; sale of stock.]
Section 62-2-11 - [Increase or decrease of capital stock.]
Section 62-2-12 - [Commencement of business within one year.]
Section 62-2-13 - [Voluntary dissolution.]
Section 62-2-14 - [Powers of directors after dissolution.]
Section 62-2-15 - [Borrowing money; bonds; mortgages.]
Section 62-2-16 - Eminent domain.
Section 62-2-17 - [Construction of works; eminent domain.]
Section 62-2-18 - Acquiring land of minors and incapacitated persons.
Section 62-2-19 - [Use of materials on state lands.]
Section 62-2-20 - [Corporations for serving cities and towns; rights and privileges.]
Section 62-2-21 - [Corporations for serving cities and towns; laying mains in streets; service.]
Section 62-2-22 - [Irrigation companies; restrictions on use of water.]