Gunnison Bylaws

• Basin Roundtable: Gunnison
• Title: By-laws for the Gunnison Basin Roundtable
• Date: 2/9/2006
• Basin Roundtables - Doc Type: By-Laws

BYLAWS FOR THE GUNNISON BASIN ROUNDTABLE
PAGE 14

ARTICLE X
CONTRACTS, LOANS, CHECKS AND DEPOSITS

Section 1. Contracts. The Roundtable may authorize the Chairperson or Vice Chairperson,
agent or agents, to enter into any contract on behalf of the Roundtable and such authority may
be general or confined to specific instances.

Section 2. Checks~ Drafts~ Etc. The Roundtable shall neither issue nor accept checks,
drafts, or other forms of payment from private parties.

ARTICLE XI
FISCAL YEAR

The fiscal year of the Roundtable shall begin on the first day of October and end on the
last day of September in each year, unless otherwise designated by the Roundtable.

ARTICLE XII
WAIVER OF NOTICE

Whenever any notice is required to be given to any Member of the Roundtable, under
the provisions of these Bylaws or under the provisions of the applicable laws of the State of
Colorado, a waiver thereof in writing, signed by the person or persons entitled to such notice,
whether before, at, or after the time stated therein, shall be deemed equivalent to the giving
of such notice.

ARTICLE XIII
INDEMNIFICATION

The Roundtable shall have the power to indemnify the Chairperson, Vice Chairperson,
Recorder, and any Member, employee or agent of the Roundtable to the fullest extent permitted
under Colorado law.

ARTICLE XIV
ADOPTION AND AMENDMENTS

The Roundtable's Bylaws may be reviewed annually. The Bylaws shall be adopted by,
and may be altered, amended, repealed or replaced by new bylaws only by consensus of the
Members at any annual, regular or special meeting of the Roundtable. All Members shall have
received written notice of any and all proposed changes to the Bylaws at least two weeks prior
to the date such changes are to be voted upon.

December 2, 2005