Simpson Water is 53
On October 12, 1967, Governor Paul Johnson signed the Charter of Incorporation for Simpson Water Association. A business that has survived this long is an exception to the normal. The current board wants to take the opportunity to invite and encourage you to attend the Annual Meeting that will be held at our office at Highway 413, just south of Crossroads Grocery. The date is Tuesday night, February 18, 2020 at 7pm. We will present our annual audit and financial statement and elect three board members.
I want to inform you of some of the very positive information about our system. Financially, we are solid. Like all systems we are indebted to the Rural Development Administration, an agency under USDA. Our current assets include a savings account with a balance that covers one and a half years installments. Our checking balance is greater than almost two months expenses and we have a savings account setup to meet emergency expenses and prepare for long term expenses such as tank inspection and painting. We did incur six major disasters in the last three and half years. We have recovered from them and have learned a great deal about how to avoid or lessen some weather-related disasters. We want to thank 4-County and TVA that provided engineers with technical assistance. Both of our wells have generators on them that can operate the system for 3-5 days without additional fuel.
During Hurricane Katrina, in August 2005, our system did not lose water service to our customers, even though electrical power was out four days. In April 2010, at 2pm, we had a major F-4 tornado that hit our area. We lost water temporarily, but all was restored by 10pm.
The current board members are Ron Bennett, President, Johnny Keeton, Vice President and members Nina Mills, Jackie Murphy and Mark Carruth. The positions up for re-election are Ron Bennett, Johnny Keeton and Jackie Murphy. The By-Laws state that only two members are elected at any one year, but we errored when Hughey Lollar resigned and we elected Johnny Keeton. We should have elected him to fill out Hughey’s term, but instead we made the term three years. This made the terms of three members expire at the same time. To correct this and get back on the By-Law requirements, one of the members elected this year will serve two years and two will serve the normal three years.
Please join us for this meeting so you will be informed about the business of your water association.
Charles R. Bennett, President
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