Notice is hereby given that the 56^th Annual Meeting (“Annual Meeting”) of the Members of Iredell Water Corporation (“Corporation”) will be held at Iredell Water Corporation, 571 Jennings Rd, Statesville, NC on Tuesday, March 19^th, 2024. Registration will begin at 5:45 PM EST with the business meeting to commence at 6:00 PM EST.

This is the Annual Meeting required by the corporation charter with the following items of business to be considered and acted upon:

1. To approve an increase in compensation to Directors, and subsequent amendment of the Bylaws, increasing compensation for directors as described in Section 2.
2. To propose and ratify an amendment of Corporation By-Laws, Section 6.11.5 as follows:

6.11.5. Compensation to Directors shall be tendered monthly, and initially set at the rate of $150.00 for each meeting attended by a Director. However, said compensation shall not exceed $450.00 per month and an Annual maximum of $5,400.00 for any calendar year. Additionally, a Director is entitled to having its monthly minimum account charge and first 5,000 gallons of water waived at their residence or place of business, but for only one (1) account.

3. To elect three (3) members to the Board of Directors who will replace expiring members of the Board of Directors. Each elected member will serve for a three (3) year term, or until their successors are elected and qualified. The Nominating Committee is presenting for nomination the following:

             Harmony-Union Grove District                     Wayne Smith

                     Proposed position: Director

            Cool Springs District                                      Matthew Moorefield

                     Proposed position: Director

            Fairview District                                             Lorne Cook

                     Proposed position: Director

4. To consider and act upon such other business as may properly come before the meeting or any adjournment thereof.

By order of the Board of Directors.

There will be no refreshments or door prizes. Anyone requesting to speak is asked to pre-register by emailing your request to info@iredellwater.com with your name, address, and account number.