Altadena : Water Co. Battle Continues
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A proxy battle at the annual meeting of the Lincoln Avenue Water Co. remained unresolved Monday after company officials determined that they did not have a quorum of 987 of the company’s 6,179 shares represented at the meeting and therefore could not conduct business.
An insurgent group of water customers were seeking to have their candidate, attorney Ray Towne, elected to the board in place of longtime board member Robert W. Horner. The group claims that some customers are paying a disproportionate part of the company’s bills and that the company has sought to bar their participation in managing it.
The board set another meeting May 4. The company is shareholder-owned and has 4,200 customers.
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