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C150208 Feasibility Study
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C150208 Feasibility Study
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Last modified
6/15/2011 10:08:30 AM
Creation date
7/10/2007 12:48:29 PM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C150208
Contractor Name
High Line Canal Company
Contract Type
Loan
Water District
17
County
Otero
Loan Projects - Doc Type
Feasibility Study
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<br />I <br /> <br /> <br />32 <br /> <br />paid assessments which may at any time be or be- <br />come due thereon, said forfeiture to be made in <br />accordance with the Statutes of the State of Colo- <br />rndo relative thereto. It is hereby made the duty of <br />the Secretary to sell and dispose of such forfeited <br />stock at public sale, at-such time and place as the <br />directors may de1ennine,lItirty days' notice of such <br />sale having been given by advertisement in a daily <br />or weekly newspaper pubHsbed in the city of Rocky <br />Ford, Otero County, Colorado, and demand for the <br />amount due thereon having been made either in <br />pelllOn or by written or printed notice duly mailed <br />to the last known address of the holder or holders <br />of such stock, at least thirty days prior to such sale. <br />All assessments delinquent more than thirty days <br />shall bear interest at the rate of two per cent per <br />month or fraction thereoffrom the date due thereof, <br />and nolltiog herein contained shall be construed to <br />prevent the Company from maintaining an action <br />against any stockholder, in any court having juris- <br />diction, to collect delinquent assessments and in- <br />terest thereon. The Company shall have a lien upon <br />cOlpllrate stock for delinquent assessments. All <br />remedies herein provided for the collection of de- <br />linquent assessments upon corporate stock of litis <br />Company shall be cumulative and the exercise of <br /> <br />33 <br />one or more of such remedies shall not prevent the <br />board of directors from invoking the other or oth- <br />ers for the collection of such assessments. <br />SEcrION 3: No stockholder who has become <br />in arrears in the payment of any regular or special <br />assessments shall receive or be entiUed 10 receive <br />any water for domestic or ilTigation purposes until <br />all such arrearages have been paid in full. <br />ARTICLE VI <br /> <br />Miscellaneous <br />SEcrION 1 - Equitable Distribution of <br />Water: In order lhat the water may be equitably <br />distributed among the slockholders, the directors <br />and the persons entrusted by lhem willt the man- <br />agement of the dilch, are empowered to rotate wa- <br />ler among consumers, or to divide the ditch into <br />districts for the distribution of waler, or to adopt <br />such other melhods as in their judgement may, from <br />time to time. become necessary to secure 10 all <br />stockholders their proportionate share of water. <br />SEcrION 2: If, in the distribution of water. <br />any stockholder may, at any time, fail to receive <br />his or her proportionate share, the Company shall <br />not be liable 10 such stockholder in damages, if <br />such failure was caused by an error in judgement <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br /> <br />I <br /> <br />34 <br />on the part of lItuse charged willt the distribution <br />of water, or by reason of circumstances beyond the <br />control of such persons, bUI shall only be liable in <br />case such failure to distribute water equitably was <br />lite result of some willful discrimination againsl <br />such stockholder on the part of tIie directors or of <br />lItiJse charged by the directors willt the distribu- <br />tion of water. <br /> <br />35 <br /> <br />INDEX <br />A_ oflnmrponodon <br />Sec. <br />Orpnimion ......................_.........................". <br />Objects. <br />To Acquire t.MIs ................................... . <br />To AajUin: Canals <br />and Reoervoin ......."........................._ b <br />To Acquin: _ Rights ........................ c <br />To Acquin: I'ullds ................................... d <br />To Acquin: PmooaI Property .........._..... c <br />To Acquin: Buildinp ............................... 1 <br />To Acquin: -., Rights .........."......."._ I <br /> <br />To Acquire ReservoiTs ............................ h <br />Capitalizalion ................"................................. I <br />Corponlc e.;_ ........................................j <br />Number 01 Di=tors ....................................... k <br />Principal 0fIia: ...............................................1 <br />Counties 0perari1lJ In ...."............................... <br />LooIIion or Headple '" Canal....................... m <br />COpacily olCanaJ .........."."............................. <br />Lease _ ..................."."............................ 0 <br />Amendment .........."........".............................. P <br /> <br />Pose <br />I <br /> <br />I <br /> <br />I <br />2 <br />3 <br />4 <br />4 <br />4 <br />~ <br />6 <br />7 <br />7 <br />7 <br />8 <br />8 <br />8 <br />9 <br />9 <br /> <br />ARTICLE VB <br /> <br />Amendment oI'By.Laws <br />SEcrION 1: These By-Laws may only be <br />amended by two-thirds vote of the oUlstanding <br />shares either at an annual meeting of the stock- <br />holders or at a special meeting of the slockholders <br />called for that purpose and only providing notice <br />of such meeting or meetings and the proposed <br />amendments has been given as provided for under <br />ARTICLE I entiUed "Stockholders' Meetings" pr0- <br />vided in these By-Laws. <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />1Iy-1Awo <br />Slocllholders' Meetings- <br />ADDoaI ...."........".................................... I <br />Special ................".........."...................... 3 <br />Cn:denria15 Committee ........................... 4 <br />_, ............................"....................... ~ <br /> <br />12 <br />13 <br />13 <br />14 <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br />
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