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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 />Chapter II - Description of Sponsoring Entity <br /> <br />President David L. Bernhardt <br />Vice-President Gary W. Wiedeman <br />Secretary-Treasurer Ronald F. Brinkman <br />Director Doug Will <br />Director David J. Stephens <br />Director Thomas Donkle <br />Director Leonard A. Wiest <br />Director Rick D. Nertzke <br /> <br />Revenues are deri ved principally from assessments charged on shares of stock owned by the <br />stockholders. A small amount of revenue comes from leasing rights for recreational use of several <br />reservoirs. Appendix C contains financial statements prepared for the Company from 1999 through <br />2001. <br /> <br />Boyd Lake Dam Outlet System Feasibility Study <br /> <br />5 <br /> <br />1f30VLE <br />