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<br />2. Two of the board shall constitute a quorum for the transaction of business, except <br />in enacting and repealing by-laws, and in the absence of the president they may <br />elect a president pro-tem, <br /> <br />3, The Board of Trustees shall have the power to prevent obstructions in the ditch, <br />to prohibit concentrated livestock crossings of the ditch, and to otherwise protect <br />the integrity of the ditch channel and structure against damage or encroachment <br />of any kind. <br /> <br />4, The Board of Trustees shall also have the power to appoint members of their own <br />or shareholders to committees created to address specific Issues or topics. <br />Committees shall report directly to the board and shall engage in such activities <br />authorized by the Board of Trustees. <br /> <br />5. In the course of ,a meeting of the Board of Trustees or of the shareholders, a <br />board member who fails to object to a motion shall, for all intents and purposes, <br />be deemed to have supported the motion. <br /> <br />6, The Board of Trustees may take an action without a board meeting if all board <br />members consent to the action in writing, or if it is ratified at the next board <br />meeting. <br /> <br />7. If a vacancy occurs on the board, the remaining members of the board may fill it <br />by appointment until the next annual election of stockholders. <br /> <br />8. The board may call meetings of the stockholders whenever they deem it necessary; <br />and they shall call meetings of the stockholders at any time upon a written petition <br />of persons owning one-fourth of the capital stock of the Company, <br /> <br />9. The board may appoint and remove at pleasure all employees of this Company, and <br />shall prescribe their duties and fix their compensation annually. <br /> <br />10. The board may make rules, regulations, and policy determinations not inconsistent <br />with the laws of the State of Colorado or the articles of incorporation or the by-laws <br />of this Company, <br /> <br /> <br />11, The board may incur such indebtedness as they may deem necessary for carrying <br />out the objects and purposes of this Company not to exceed $30,000.00, <br /> <br />4 <br />