C150171 Feasibility Study

• Contract/PO #: C150171
• Contractor Name: Terrace Irrigation Company, The
• Contract Type: Loan
• Water District: 0
• County: Conejos
• Loan Projects - Doc Type: Feasibility Study

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tenance of th(, same;

To borrow money and convey said ~ro~erty or ~llY )art thereof

in trust, as security therefor, or to mortgage the "rOl'erty of the

company for su.ch purpose, and to sell e~d convey any part or parcel

of such property for the uses and purpoces herein set forth, or as

may seem best fo' the general i~terests .of '.Ill concerned.

Eaoh stookholder shall be entitled, duriI~ th€ irrigation

season to his proportionate share of the water stared in, carried by

and distributed through the irrigation system of the compl>DY, 1.n the

same proportion ES his stock. bears to the totnl n~~~0r of shares

issued ~nd outstanding.

ART!C!..F. nI.
CJl.:?ITJL BTOCK

., __~c~~l...atock...Qj'..~gi..(L!;,OJ.!lJ)#):J,L~lg~lLL/,. !1QO~QO.~~~__~
to be divided into one thous~nd shares of the p~r vnl~e of $300.00
each.

ARTI eLF. IV.
TERM OF F.lITSTENCE

This corporation shall. exist in perpetuity.

ARTICLF. V.
DIRFCTORS

The number of directors of said company shall be not

less tb.6n three, D.or more thnn five, and those who shell be di~eQ-

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