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<br />STOCK ASSIGNMENT <br /> <br />For value received, the LOWER ARKANSAS WATER MANAGEMENT ASSOCIATION <br />hereby sells, assigns and transfers 42.4 shares of stock of the Highland Irrigation <br />Company unto the COLORADO WATER CONSERVATION BOARD, which stock is <br />standing in the name of the undersigned on th - and records of the company <br />represented by Certificate No. 300, and do erelj irrevocably constitute and <br />appoint . a:b';'n <br />as attorney-in-fact to transfer the sai tock on tHe boo s of the company with full <br />power of substitution in the premises. is Stock Assignment shall be effective <br />solely in the event Ofel ance by a Colorado District Court of an order <br />authorizing a foreclosu sale said shares of stock pursuant to Rule 120 of the <br />Colorado .;;I: Civil ures. <br /> <br /> <br />Dated <8 /97 <br /> <br /> <br />Lower Arkansas Water Management <br />Association <br /> <br />By <br /> <br /> <br />~... <br /> <br />" <br /> <br />. ~'f '1:, .S E A L <br /> <br />,Of..,_ <br />,. ,i"") '.t." <br />, (} "'"' : cji~,' . <br /> <br />/~...~~~~\!: .: <br />\~!~ij!(~/.~l' " <br /> <br />: ',.'0,,:< '). <br />>EJ~, o.."'~,. <br /> <br />i~mifd F. Higb <br /> <br /> <br />.L' <br />