LPPD000249

• Contract/PO #: C150175
• Contractor Name: 3T Cattle Company
• Contract Type: Loan
• Water District: 1
• County: Morgan
• Loan Projects - Doc Type: Feasibility Study

~ec, 10. PRESUMPTION OF ASSENT: A director of the corpo~ation
'.iho is prespnt- at a meeting of the Board at Direct:ars at whidl action
on ;;.n"i corporate m;lt't'P'!'" ; c; taken shall be presumed to have assenced l.U
the action ....l"r.,less his- dis.&ent !'ilialL be entered in the minutes ot the
meeLiug ur unless he ::;h.3 11 file,.his \:Jr1 t:ten dissent to such action
with t:he persuu actinga-s chc-- .secr!;t:.ary of the rnpeting before the ad-
J'ournment: t-nereoI'- ur 'S'-l'.'d..L'-.L" .l..t:u'~-.L--;:~"'! ~,.~'h A~...<"'t>""t- hv '!"'",('dc:t"prpd mail to
W_.&..'-A ~........... -----..-- -J .;..--v'...--- ~--
h - - . . . , . , I: +-'h .-1 . t- f
t e secretary or tne cOrpUU::lL.LuH l.ITlIlIeGlatc.l.] n...tcr ......€. a-"]Qurnmpn.. o~
the meeting. Such right co dissent.. ljbd 11 Clot apply to .J director ~'Jhn
voted in favor of such act1on.

Sec. 11. EXEQJTIVE COMMITTEE: The Board of Directors, by resc-
lutic-:: adoptprl hy a maJority of the number of directors tixed by ~ec-
tion 2 J m.::y designateu-t~']O or more directors to constitute an executive
l: lJllUllit tee , ....hich ::;hal-lhave and!r,~Y- expr('; ~e all of the authority of
, ~ , ..~. L 1 '" . L f h
cne Doarti ui. lJ.1.U:CtOLB or sue;; ...C33er 3ut..on..ty BS '!Tl~y oF> c;et ~ort
in said resolut:ion. _ No i:lu~hdc:legCiq.on of uuthority shall operBtp t'o
relieve the Board o:q uirectors br- anl m~llIl.Jt:L uf tbe Board from ~ny
responsibility impo~ed by law. ,
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~pr 17, TNFOR}tAL ACTION BY DIRECTORS: Any action requ1red or
permitted to he tak~- ;tt A. m.e..e.t..i n.g.. of the Board of Directors may be
taken without c:; iiicctino'" if a-~onsent I in w,.." tinl~, setting forth the
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accion su Lt1Kt=11, shall, he' 5'~~ncd-b-Y'-tll of the directo~s pntitled to
vote with respect: co cne ~UiJJ_~~l... uiaL:fer t~e~c:~f. Such conce-::t may'
take the form ot having tne 01reccors ent~LLt:u Lu vute appLovc: the
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minutes and waive all requirements of notice upon approval uf l:>Ciid
minute<:;. Such consent shall have th~ same force and effect as a
~n3nimous vote of ~hp director~~ andlmay be stated as such in any
dLticles or documcnt~ filed ~ith thelSprrp~Arv of State of Colorado
under the CulvI.aJu COl..~porutiGn t.ct. L J

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ART lC~.t'~ 1\1.

OFFICERS AND AGENTS

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Sec. 1. GENEP~L; The officers of the corporation shall be a
Pres1dent:, one or mUl e V il..:e-Fresidenb:" n Secret:1ry and -9 Trp."'~l1rf>r ~
The Board at D~rectors may appuillL ::;LLh other officers, .J::;.;;istant of-
ficers, commi ttees and agents, inc lu~ing a Clw iLLildl1 uf thc: Board J
assistant secretaries, and assistant' treasurers I as d1t::y 1lIi:'lY cunsid<:;~
,....,prp~~arv.. who sha 11 be chosen in such manner and hold L:he i1: uI-LiLes
fer such' t""rrn~ ::lnd Have such authori~y and duties as from time Lu L..Llllt:
may be determined b~ tnp Hoard of Di~ectors. The salaries at all t:he
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