LPPD000467

• Contract/PO #: C150173
• Contractor Name: Upper Surface Creek Domestic Water Users Association
• Contract Type: Loan
• Water District: 0
• County: Delta
• Loan Projects - Doc Type: Feasibility Study

4. Nominations for vacancies on the Board of Directors
5. Report of Board of Directors by President or Vice-President
6. Report of Secretary
7, Report of Treasurer
8, Unfinished business
9. New Business
10, Election
11. Adjournment

Section 5. Voting Rights: Each person holding a membership of memberships shall be entitled
to one vote only. The holding of more than one membership certificate to cover additional service
connections shall not entitle such holder to more than one vote. Voting by proxy will be permitted; provided,
that any member shall be permitted to vote not more than ten (10) proxies in addition to his own vote and
if a member receives more than ten(10) proxies, he shall have power to substitute any other member or
members present at the meeting to vote such additional proxies. Cumulative voting shall be prohibited.

ARTICLE V
Directors

Section 1. Functions ofthe Board of Directors: The business and affairs ofthis Association shall
be managed by a Board of Seven Directors. Its functions shall include the

a. selection of and delegation of authority to management,
b, determination of policies for guidance of management,
c. control of expenditures by authorizing budgets,
d. keeping of members fully informed of the business of the Association,
e. causing audits to be made at least once each year, or oftener, and reports thereof to be made
directly to the Board, and
f. establishing of water charges and the levying and collecting assessments and enforcing the
collection thereof in accordance with the laws of the State of Colorado,

Section 2. Election and Term of Board Members: The first Board of Directors, consisting of
those named in the Certificate of Incorporation shall serve for one year or until their successors are chosen
and have qualified. At the next annual meeting of the Association in December of 1960, one director from
the Upper Surface Creek area, one director from the Cedar Mesa area shall hold over for one year each. The
stockholders shall then elect a new member from the Upper Surface Creek area and a new member from the
Cedar Mesa area, each to serve for two years, and shall also elect two members to the Board from the
Redlands Mesa area, one receiving the lowest vote to serve for a period of one year and the one receiving
the highest vote to serve for a period of two years and annually thereafter four directors shall be elected in
the even numbered years and three directors shall be elected in the odd numbered years.

Section 3. Election of Officers: The Board of Directors shall elect by ballot one of its members
as President and one Vice-President and shall also elect a Secretary-Treasurer, who need not be a member
of the Board of Directors of the Company, or a member of the Company.

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