C150150 Feasibility Study

• Contract/PO #: C150150
• Contractor Name: Lower Arkansas Water Management Association
• Contract Type: Loan
• Water District: 67
• County: Bent
• Loan Projects - Doc Type: Feasibility Study

I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I

. (4)

(3 )

The bylaws of the corporation may provide for
the preparation of an alphabetical list of the
- names of all its members entitled to notice
of, and to vote at, a members' meeting or to
take such action by written ballot. If such
list is prepared, it shall be available for
inspection . to the extent and in. the manner
.provided in the Colorado Nonprofit Corporation
Act, as amended.

Actions requiring member approval may be taken
without a. meeting, or by written ballot as
provided under the bylaws of the corporation,
and, if no such provision is made by the
bylaws, under the Colorado Nonprofi t
Corporation Act, as amended. .

G. Quorum. Members may take action on a matter at a
meeting only if a quorum of members entitled to vote on that matter
is present at the meeting in person or by proxy. Fifteen percent
(15%) of the votes entitled to be cast on the matter by the voting
group constitutes a quorum of the voting group entitled to vote for
action on that matter.

ARTICLE VI
Directors and Officers

A. Board of Directors. The control and management of
the business and affairs of the corporation shall be vested in the
Board of Directors. The number of. directors to sit in the Board,
the term to be served, the process for filing vacancies before the
end of term, and the Board's meeting, voting and notice procedures
shall be specified in the bylaws of the corporation. The Board of
Directors shall have sole control over the administration and
management of the water and water rights, augmentation plan and all
related resources of the corporation.

B. Meetings of. the Board of Directors. The Board of
Directors may hold regular or special meetings in the manne rand
upon the notice requirements set forth in the bylaws or, if no such
requirements are set forth in the bylaws ,as provided in the
Colorado Nonprofit Corporation Act, as amended.
.

C. Officers. The officers shall be a President, a
Vice-President, a Secretary, a Treasurer, and such other officers
as may be designated by the Board of Directors, each of whom shall
be qualified and elected in such a manner and for such a te.rm as
provided. in the bylaws of the corporation. The duties of each
officer shall be specified in the bylaws of the corporation.

5