PROJ02105

• Contract/PO #: FS0065FX
• Contractor Name: Greeley and Loveland Irrigation Company
• Contract Type: Loan
• Water District: 0
• County: Larimer
• Loan Projects - Doc Type: Feasibility Study

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TJlh'u: To bOl'l'OVl 11Ioney on i to noto, or otho1'\,ioEl, for any corporate.
pU1'POSO, whon deemed neooGsary by its direotors, and to provide tOt!" tho
paYillent ot the OlllllO )JY lls3oSOlnonts on ita pa.id up capital stook, 01' by
deod of trust or mortc~e on its franohiso and co~orato proporty.
Fourth: The ur.\ount. of the onpital stoole ot this oorporation oh0.1.1
00 div111I~d into ~I.'_~'--~=_ shar.es, ~f a pat!" value otp.A-o:fw~
J~111.tiL: 'fhat the ownership of Stock in this oorporation shall oon-
stl'tuto 1U1d ropresent. the ownernhfp of a \Yator privoleco or'riaht, and

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that tho ovmors of its otook shnll be the owners ot 1 ts priori t:r nnd
appropr11.1.tirms and sl1:111 be cnti tled to tho usa ot 1 ts appropr1::Lted \filter
1'10w1nc 1n ould oanal 1"n the proporUon and ratio that eaoh share. ot stook
hold by any oon:HUUOr. bcara to the whole number.' ot sharos, ilnd the convey-
anoe of uny such viator r1cht. ohall be mado. by the conveyance ot 1 ts stook.
Sixth: Each person 0l"lnin6 ono or more ~ontrl1fltu: ol'.pa1d ui" water
righto or traotional paDts of Viator' 1'iehts in tho said The Nett, Loveland
and 01"0010:1 Irric;:ation' and Land COLlpl1ny, shall bo entitlod to roooivo and
hold thero1'or' one paid up share ot the capi t.DJ. stoole at: this oorporation
folt' ouch ton >.\cr08 repl'osontoa by tho. full paid oontl!uot hold by him, upon
makihB sntisfaotory proot of tltle and e~ooutinc to this corpor~tion suoh

oonveyanoo tho root' as shall bo prooo1'ibod by ita ail'ootors tor' ita own
protection.

:;cvrmth: 'fo tako 3tOO): in Tolophono COl/Jpnnics, and to oonstruct:
tp.10phono 11n09 01' ita own 01' 0'!lo1st thorain for tho purpo3o of affordilli)
faeili ti'1)G to its C.'\:1:1.1 and tho carl'ying on of its bun in038 in Jllllintllining
and opol'nt1n~ tho n:.'JlIo.
EiGhth: To pa:r 1 to rlir3ctbrs not to oxoe'~d tile GUi';1 of Five Dolla4:3,
as ahall bo nUlllod by its b:r-luws, for' euoh anJ evol'Y Boa:;.'d mootinG aotullll~r
at t'tmllcll.

iHot'l: 'ro llrotcot i tD ::tocl.:i',ol.lllr:J in thoil" riCh'i;. t.o l'I.'.\tllr by a,.,y
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la\1.rl11 Jlhi:tl1:i, :'Lnd to t.~!'a tho neco~::a.....t. c .t~ps to ::..1::11:-(: tho ~..~;.::ar '~1Chtc
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:taid !ll'ivlll\!i.:';:; to :~hich itc ritnchalOldel'D 111'0 ont.itled, :'.i1:l to vo1...1 ....J...-:,. .....(
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llo';;lnn, L:;:'\1.-u.~':.~:;n"';d.rw.) 11.:..fch loW.] bo i:'o~' tho ir..tm..:.:-t an.:':. Pl'ctcC".:'iQll

or 1tc r:l;r)cl:llolt~'H':1.

Tont~.: Tll'J ~~I':' to.l '."~ ljir,:otol.O ah:~11 hcJ.vc tltu '~'~".:."'.' . t.t ::;:~:~; :.nlC:~

prnc1'.)ut:i..'I. :}~t-l:l~'."n il:1 tilojP shull (1~1~1~ P 1"-)i1 01. '$:0.... '~h(: jlii':a.l:.~(:,uHrt of t:~"