C150115 Feasibility Study

• Contract/PO #: C150115
• Contractor Name: Riverside Ditch and Allen Extension Company, The
• Contract Type: Loan
• Water District: 11
• County: Chaffee
• Bill Number: MC3
• Loan Projects - Doc Type: Feasibility Study

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TBl!: RIVERSIDE DITCH AND .an.v.>> EXTENSION COMPANY

ARTICLE I
NAME, SEAL AND OFFICES

1. 1 NAME. The nonprofit corporate name of said company shall
be The Riverside Ditch and Allen Extension company.

,1.2 SEAL. The seal of this company shall have inscribed
thereon the name of the company.

1.3 OFFICES. The princip~l office of said company shall be
in the town of Buena Vista, l.n the County of Chaffee, state of
colorado. However, said business may be extended into other
counties in the state, whenever in the opinion of said Board of
Directors it is for the best interests of the company.

ARTICLE II

SHAREHOLDER'S

2.1 ELIGIBILITY OF SHAREHOLDER. The Shareholders of this
company are limited to those owning lands along and under the
Riverside Ditch and Allen Extension of said ditch hereinbefore
referred to, or any enlargement or extension thereof.

2.2 ANNUAL MEETINGS. The annual meeting of the Shareholders
shall be held on the first of March in each year for the purpose of
electing Directors and for the transaction of such other business
as may come before the meeting. If the day fixed for the annual
meeting shall be a legal holiday, such meeting shall be held on the
next succeeding business day. If the election of Directors shall
not be held on the day designated herein for any annual meeting, or
at any adjournment thereof, the Board of Directors shall cause the
election to be held at a special meeting of the Shareholders as
soon thereafter as conveniently may be. Failure to hold the annual
meeting at the designated time shall not work a forfeiture or
dissolution of the corporation.

2.3 SPECIAL MEETINGS. Special meetings of the Shareholders
may be called at any time by the President or by a majority of the
Board of Directors. The President or, in his absence, the
Vice-President. shall call a special meeting upon the written
petition of one-third of the Shareholders of said company. Notice
of sa~d meeting shall specify the business to be transacted there ,
at and shall be called as in 2.5 of the"article provided.

2.4 PLACE OF MEETING. The Board of Directors may designate
any place as the place of meeting for any annual meeting or for any
special meeting called by the Board of Directors. If no
designation is made, or if a special meeting ,be otherwise called,
the place of meeting shall be the principal office of the
corporation in the State of Colorado.

2.5 NOTICE OF MEETING. writt~n or prin~ed notice stating the
place, day and hour of the meetl.ng and, l.n case of a special
meeting, the purpose for which the meeting is called, shall be
delivered not less than ten (10) nor more than fifty (50) days
before the date of the meeting, either personally or by mail by or
at the direction of the president. or the Secretary or the ~fficer
or persons calling the meeting, to each Shareholder entitled to
vot~ at that meeting. If' mailed, such notice shall be deemed
dell.vered when deposited in the United states mail addressed to the
Sharehol~er at. his address as it appears on the records of the
corporatl.on, wl.th postage thereon prepaid.

2.6 MEETING OF ALL SHAREHOLDERS. If all of the shareholders
shall meet at any time and place, either within or without the
State of Colorado and consent to the hol~ing of a meeting, such
meeting shall be valid without call or notl.ce, and at such meeting
any corporate action may be taken.

"

2.7 CLOSING OF TRANSFER BOOKS OR FIXING OF RECORD DATE. The
Board of Directors of the corporation may close its stock transfer
'books for a .period not exceeding fifty (50) and not less than ten
(10) days prl.or to the date of any meeting of Shareholders' or in
lieu thereof, may fix in advance a ,date not exceeding fifty (50)
and not less than ten (10) days prior to the date of any meeting of
Shareholders, as the record date for the determination of
Shareholders entitled to notice of. or to vote at, such meeting;
and the Shareholders of record on such date shall be the
Shareholders entitled to notice of and to vote at, such meeting.
If the transfe~ books are not closed an~ no re70rd date is fixed by
th~ Board of Dl.rectors, the date on whl.ch notl.ce of the meeting is
mal.led shall be deemed to be the record date for the determination
of Shareh~lders entitled to vote at such meeting. Transferees of
sha:es whl.ch a~e transferred after the record date shall not be
entl.tled to notl.ce of or to vote at such meeting.

2.8 VOTING LISTS. The officer or agent having charge of the
transfer book for shares of the corporation shall prepare at least
ten (10) days before each meeting of Shareholders a comPlete list
of the Shareholders entitled to vote at such'm~eting, with the
add~ess of and the number of shares held by each. which list. for a
perl.od.of.(10) day~ prior to such meeting, shall be kept on file at
~he prl.~cl.pal offl.ce of the Corporation and shall be subject to
l.nspectl.on by .any Shareholder at any time during usual business
hours. Such ll.st shall also be produced and kept open at the time
and place of the meeting and shall be subject to the inspection of
any Shareholder during the whole time of the meeting. The original
share ledger or transfer book. or a duplicate thereof kept in this
state, shall b~ prima faci~ evidence as to who are the
Shareholders entl.tled to examl.ne such list or share ledger or
transfer book or to vote at any meeting of Shareholders.

2.9. QUORUM. A majority of the Shareholders of 'the
corporat1on, repre~ented in person or by proxy; shall constitute a
quorum at any meetl.ng of Shareholders. except as otherwise provided
by the Colorado Nonprofit corporation Code aQd the Articles, of

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