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<br />. <br /> <br />and to )&1 aD,. and all other nceessarJ opera'i.. exPe.1ses <br />?t laid ABSoc1~t1on, but no~ for peoun1&r1 protit. <br /> <br />(t) To do al11 aDd all things that auq be lncidellt <br />o~ OOodlolve to the atoresaid obJects, aDd/or aD,- at thea. <br />and exe.cine the u8&al p~ers of oorporate bodies. <br /> <br />ARTICLE 1:1. <br /> <br />This corporatloQ shall bave pe~etual ex1s'eDoe. <br /> <br />ARr!CLE IV. <br /> <br />This corvoration shall bave no capital .tock. 'the ,. <br />interests {t its .e.bers shall be evidenced b1 Remberah1p Certlt1o..ea;. <br />issued upor pa,ment of such tee. and in such tora and.. to suCh, ' <br />applicants tor membership as ma1 be provi~e4 in the BJ-Ln.. .t sai4 , <br />corpC'rstlor. The interests, rights and obligations ot &1.1 IUI!1bel"S <br />ot the corloratioD shall be e~ua~, prov1ded, ho..ver, that eaOb <br />mea:b~r shil~ 1" be eot1 t l..d- t6- one- votoe f!or--each--lleaber-8h1p _.oer.tJ.tJ.o.ate <br />held. The corporation i~ operated not tor prot1t. KemberShlp in <br />said corpo~ation shall be non-assessa~le, exCftpt tor oODetructloD, <br />maintenanc.. operatio~, rep.'.r and bettenaeDt ot sa14 domestic water <br />listem, or ani e%ten8ioDB the~~ot. All asse.-.ente ahall.be levied . <br />and cel1ee ed 1n the manner proY-.i.~ed 1n the BrLa.. ~r ~.' corporatloD. <br /> <br />:. i <br /> <br />ARTICLE V. <br /> <br />The at1'airs and management ot lu.i'!.'l AssociatioD shall <br />be under t .8 control 01' tive (5) Directors aad thoa~..h= mall aerve . <br />as D1reetc's and. manage the aflaira ot said AssoalatioD tor th!' .tin' " <br />,-ear and U 1t11 their successors .re dul~ elected aDd qualUlocl. aret . ,:'. ~' <br /> <br />A. W. Xetzger. V~rnon .i1. VaMarbUt, Glen L. <br />Cook# Mack A. Gorrod and. Ruel Loucks. <br /> <br />A.t the tir 3t ann\;..11 meet1ng tollo.iM the exp11"at1oD ~'t: one, ,ear <br />~drlod tor which the Directors herelD de.ignated will .erTe and <br />~t each ar~ua! meeting therea~ter. a new Board ot Dtrectors .111 <br />be e18ctec in accordance witoh the provisions ot the 87-1.... o.t ~..,-. <br />the corporation and the la.s 01' the state 01' Colorado, 1D .u~ <br />cases madE and provided. <br /> <br />ARl'ICLE VI. <br /> <br />The Bi-Lawa 01' the corporation tor the lIumagement <br />01' its at airs shall be adopted by the members ot said AsscciatioD <br />and said I Lembers shall be empowered to smend or repeal sald B7- <br />Laws in a ;cordancs with the prOVisions thereot. <br /> <br />. <br />