C150179 Feasibility Study

• Contract/PO #: C150179
• Contractor Name: Henry Bolen Ditch Company
• Contract Type: Loan
• Water District: 34
• County: Montezuma
• Loan Projects - Doc Type: Feasibility Study

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3.4. Informal Action by Members. Any action that may be taken at a meeting of the
Members, except election of directors and amendment of bylaws, may be taken
without a meeting if a consent in writing, setting forth the action taken, is signed
by all of the Members entitled to vote. Informal actions may be made by phone
poll with a written record of the results, and such actions are to be ratified at the
next meeting of Members.
3.5. Quorum. A quorum consists of a majority of the Members of the Company. If a
quorum is not present, a majority of Members present may adjourn the meeting
to another time without further notice.
3.6. Proxies. At any meeting of Members, a Member entitled to vote may vote by
proxy executed in writing and dated by the Member. No proxy will be valid for
more than eleven months.
3.7. Manner of Acting. A majority of votes, either in person or by proxy, shall decide a
matter brought to the Members, unless a greater proportion is required by these
bylaws. All meetings of the Members are to be managed in a businesslike but
informal manner, and Robert's Rules of Order shall apply if needed.
3.8. Order of Business. The order of business at the annual Membership meetings
will be conducted as follows: roll call, proof of quorum, approval of minutes,
nominations for election of Directors, presentation of reports, approval of budget,
payment of expenses, unfinished business, new business, election of Directors,
and adjournment.

Article IV. Rights and Obligations of Members
4.1. Right to Receive Water. A Member of the Company has the right to direct the
Company to receive irrigation water, including Adjudicated Water and Project
Water, on the Member's behalf and to convey and deliver the water to the
Member's Point of Delivery subject to any applicable restrictions.
4.2. Regulation of Flows. The Company will regulate flows and deliveries of irrigation
water in the Ditch so that the correct amount of water is delivered to each
Member based upon priorities of Adjudicated Water and availability of Project
Water.
4.3. Contributions. Each Member has the right and obligation, through volunteer or
in-kind contributions, to help keep the Ditch in good repair in order to benefit all
Members and the Company. However, the Company shall have control of all
work performed on the Ditch and Members will not be paid for work or other
contributions unless approved by the Board. The Board may enter into contracts
with Members (including Directors) to perform work for the Company, and may
ratify acts performed by a Member as a reimbursable expense.
4.4. Compliance.. The Members are obligated to comply with these Bylaws, the
Declaration, any other applicable rules and regulations, and to timely pay
approved dues and assessments, and act as responsible stewards of the
Company and its assets.
4.5. Management of Member's Property. The Members are obligated to provide and
maintain irrigation water facilities on their own lands, and to manage their own
operations in a way that protects and preserves the facilities of the Company and
does not create harm or damage to other Members or their property.

Article V. Board of Directors
5.1. General Powers. The affairs of the Company will be managed by a Board of
Directors ("Board") elected by the Members.
5.2. Number, Tenure and Qualifications. The Company will have three Directors, and