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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />Obligations, and Fees shall be billed to Members in writing with reasonable itemization <br />and shall be payable as directed by the Board, including a specific due date. <br />10.7 Default. A Member shall be in default when payment is not received as directed by the <br />Board for charges properly billed to the Member. The Board may adopt policies and <br />amend them from time to time regarding late fees and interest to be charged in the <br />event of default. When any Member is in default over 30 days, voting rights for the <br />Membership may be suspended until the Member is in full compliance with the <br />payment obligations. <br /> <br />Article XI. General Provisions <br />11.1. Books and Records. The Company shall keep correct and complete books, records, <br />and minutes of the proceedings of the Members, the Board, and Committees, and shall <br />keep at its principal office a record of the names and addresses of the Members and <br />their entitlement to vote. All books and records of the Company may be inspected by <br />any Member at any reasonable time. <br />11.2. Fiscal Year. The fiscal year of the Company shall begin on the first day of January and <br />end on the last day of December in each year. <br />11.3. Settlement of Disputes. A Member may file a complaint in writing with the Board <br />regarding a dispute with the Board, any other Member, or the Company, and the <br />parties may request assistance from the Mancos Conservation District Board in <br />resolving the dispute. The parties to the dispute shall submit the matter to a qualified <br />mediator or arbitrator outside of the Company prior to filing any legal action. <br />11.4. Amendments. These bylaws may be altered, amended, or repealed in part or in full only <br />by unanimous vote of the Members of the Company, at any regular meeting or at any <br />special meeting of the Members properly noticed. <br /> <br />We, the undersigned Members of the Company, do hereby certify that the above Bylaws were <br />duly adopted at the organizational meeting of the Members of the Company on <br />fYO\k-wk'L '1.. ~ , 2004. <br /> <br />~NM ~~ ~ r;~ ~~ <br /> <br />rJeC4.- E W-/c..tT h-;'Jr b.,/ 09--e~_ [~ iv{!Jtt ;-;~ <br />/ <br />~ ~ k-<.A-Jfkqt,w ~1f ~~M~-i'J <br />?d()wJ~~ <br />d <br />)~~/;f~ <br />7 <br /> <br />\ <br />