OLGA WATER USERS, INC.

                                              Minutes of Annual Meeting     
                                                       July 12th, 2003                  

Following registration, it was determined that a quorum was present.
The meeting was called to order by President Mary Beth Macksey at 8:05 p.m.

1.    The minutes of the 7/13/02 annual meeting were approved as distributed.

2.    The minutes of the 8/10/02 special meeting were approved as distributed.

3.    The financial report as of 6/30/03 was accepted as distributed.

4.    Revision of bylaws
            (At the 8/10/02 special meeting the Board was directed to prepare a revision of the
       O.W.U. Bylaws, to be presented at the next meeting.
             A proposed revision of the Bylaws was distributed to the Membership on 5/28/03).

             The President reviewed the circumstances pertaining to the Bylaws revision and opened the subject for discussion.
             A prolonged discussion followed, with comments made by a number of Members present.
             Curtiss Wikstrom distributed to the Members present at the meeting  his opinions, in
       writing, on how the Bylaws should be changed.  A number of Members expressed the view  that there was insufficient time to consider his submissions.   
             The direction given to the Board at the special meeting on 8/10/02, to separate administration items from the Bylaws, was revisited.

             Other issues discussed included water availability, water usage both overall and individually, water usage allocations, water pressure, number of connections permitted by the State Dept. of Health, method of counting memberships, number of connections in place, metering, etc.

The following motions were made:

Moved (Farrell), seconded (Sofaer): That the motion to accept the revised Bylaws presented by the Board be tabled; that the Bylaws Revision Committee reconsider the Bylaws revision and present a second revision to the Membership.The motion was withdrawn.

Moved (Sharninghouse), seconded (Farrell): That we accept the revised Bylaws as presented by the Board with the exception of the Membership and Water Policy addendum and that the addendum be reviewed by the Bylaws Revision Committee and resubmitted to the Membership.      The motion was defeated (73 "Nay" votes).

Moved (Wikstrom), seconded (Sofaer): That the Board is instructed to address the four issues presented by Mr. Wikstrom (items 1 - 4 in his second presentation) in revising the Bylaws and re-present them to the Membership at a future date.    The motion was carried by voice vote.

5.     Election of Director
            There being no other nomination, retiring director Ted Driggers was elected unanimously for a five-year term.

The meeting was adjourned at 9:47 p.m.


Noel R. Jeffrey
Secretary/Treasurer