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<br />. .S37b~ <br />LOWER ARKANSAS WATER MANAGEMENT ASSOCIATION <br /> <br />BOX 1161 <br />LAMAR, COLORADO 81052 <br />(719)336 9696 Phone <br />(719)336 2422 Fax <br /> <br />RECEUVE/D <br /> <br />JUN 1 6 1997 <br />C Colorado W <br />onservat" ilter <br />IOn 8n,?rd <br /> <br />June 13, 1997 <br /> <br />Ms. Janis lilian, Contract Administrator <br />Colorado Water Conservation Board <br />1313 Sherman Street Room 721 <br />Denver, CO 80203 <br /> <br />Dear Jan: <br /> <br />Please find enclosed the Highland Stock Certificate made out to LAWMA and <br />CWCB for the Highland shares that we closed on May 30,1997. <br /> <br />We have had two other closings since then for 237 shares, and expect to close <br />on 198 more this coming week. We will forward an additional certificate when <br />these transactions are completed. <br /> <br />Sincerely, <br /> <br />WIEf4L <br /> <br />Donald F. Higbee, Secretary <br /> <br />cc: Amelia S. Whiting, Esq. <br />