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LPPD000244
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LPPD000244
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Last modified
5/13/2010 10:34:23 AM
Creation date
3/26/2007 10:12:45 PM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C150177
Contractor Name
Smart Brothers, Inc.
Contract Type
Loan
Water District
64
County
Logan
Loan Projects - Doc Type
Feasibility Study
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<br />",--,,' <br /> <br />'--" <br /> <br />--- <br /> <br />-- <br /> <br />........." <br /> <br />---- <br /> <br />ARTICLE IX <br /> <br />Provisions for Regulation of <br />the Internal Affairs of the Corporation <br /> <br />Section ~ ~eetings of the ~hareholders: Meetings of <br />the shareholders of the Corporation may be held at such place <br />either within or without the State of Colorado as may be <br />provided in the Code of By-Laws. In the absence of any such <br />provisions, all meetings shall be held at the registered <br />office of the Corporation. <br /> <br />Section ~ Meetin~ of Directors: Meetings of the <br />Board of Directors of the Corporation, regular or special, <br />may be held either within or without the State of Colorado. <br /> <br />Section ~ Qode of By-Laws: The initial code of By- <br />. Laws of the Corporation shall be adopted by its Board of <br />Directors. The power to alter, amend or repeal the code of <br />By-Laws, or to adopt a new code of By-Laws shall be vested in <br />the Board of Directors. The code of By-Laws may contain any <br />provisions for the regulation and management of the affairs <br />of the Corporation not inconsistent of the act, or these <br />Articles of Incorporation. <br /> <br />Section ~ Interest of Directors in Contracts: Any <br />contract or other transaction between the Corporation and one <br />or more of its Directors, or between the Corporation and any <br />firm of which one or more of its Directors are members or <br />employees, or in which they are interested, or between the <br />Corporation and any Corporation or association of which one <br />or more of its Directors are shareholders, members, <br />directors, officers, or employees or in which they are <br />interested, shall be valid for all purposes, notwithstanding <br />the presence of such Director or Directors at the meeting of <br />the Board of Directors of the Corporation, which acts upon, <br />or in reference to, such contract or transaction, and <br />notwithstanding his or their participation in such action, if <br />the fact of such interest shall be disclosed or khown to the <br />Board of Directors and the Board of Directors shall, <br />nevertheless, authorize, approve and ratify such contract or <br />transaction by a vote of a majority of the Directors present. <br />This Section shall not be construed to invalidate any <br />contract or other transaction which would otherwise be valid <br />under the common and statutory law applicable thereto. <br /> <br />ARTICLE X <br /> <br />Board of Directors <br /> <br />The number of directors constituting the initial Board <br />of Directors of the Corporation is three (3) and the name and <br />address of those persons who will serve as directors until <br />
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