C150240 Feasibility Study

• Contract/PO #: C150240
• Contractor Name: Bull Creek Reservoir, Canal & Power Company
• Contract Type: Loan
• Water District: 0
• County: Mesa
• Loan Projects - Doc Type: Feasibility Study

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?nd To apppint ana remove ac pleasure all employees ana �gen2n of the
Company, prescribe their dutie�, fix their compensation� and when they
dsem it necessary, require eecurity iar the faithful preformance o�
their duties.
3rd Ta make rules and regulations not inconnittant with the laws af
the State of Colorado� the articles af incorporation, or the bylaws of
the Company for the guidance of the officers and the management of the
a4faira of the Company.
4th To provide for the time of pAyment of eny nnd al] assessments and
for the manner of collectian of same.
Sth To Deciar� � forfiture and ord=r tha sale .., szCCK ci ry
delinquent Stocholder, or so much thereof •s may be necessary to satify
rny unpnid asmmeasmente in the manner and form herea�ter provided.
bth To incur such indehtedness as they deem necessary 4or carrying out
the objects and purposes of the Company, end authorize the President
and Sscretary ta make the note of the Comoanv with which to raise the
money to pay such inde6tedness.
Section 4
It shall be the duties of the Paard of Directors�
let To cause to be kept a complete reeord of all thelr meetings ana
acts and also the proceedings of the Stockholders and present full
statements at the regulwr annual meetings of the 9tacl�holders, ehowing
in detail the assets and liabilities oi the Company, and condition . of
the affairs in gensral. A similar statement shall be presentetl at any
other meetings of the Stockholders whenever personslly requested to do
sa� by persons representinq at lea�t ona third ai tfie caoital stock of
the Company.
2nd To eupervise ell the acts of {he officers and employeee, require
the Sccretary and Treasurer to keap fu11 and accurate accounts and
prescribe the form and mode of keeping such boo{:s.
3rd To cause to be iesued to the peraons entitleo thereto�
certificatec o4 atock, according to the several interests not exceeding
in the aggregate the capitol stock of the Campany.
4th To allaw part of the assessmente to be paid in labor when
convenient to the partie� conc�rned.
Articla3 IV
5ection 1
Clerk
A Clerk shall be appofnted by the Board of Directora� whosQ duty it
shall 6a to accept orders for Nater turn on and off and Nill keep track
of that Stockholdere prorwted share of water and convey that
infarmation ta ditch rider and percon turning water irom the
reservoirs. He shall discharge all such other duties p¢rtaining to h3s
office as may 6e from time to time prescri6etl by the Board of
Directors,
5ection 2
Superintendent
A Supertintendent ahall be appointed by the Poerd of Directors when
needed, whoae tluty it shall be to direct and control all labor a�d
business pertaininq to the construction and repair of the system of the
reservoirs of the Company� sub�ect to the dSrectian of the Board o4
Directors, he shall also be the time keeper, and shall make correct
returns to the board concerning all persons hired and employed on the
reeervoirs or elaewhere on the interests and in the behalf of the
Campany� at such stated perlods as may be prescri6ed by the rules of
the Company and he shall discharge ell such other duties pertaining to
hia office ae may be from time to tima preacribed by the 8oard of
Directore.
A r�t i c 1� V
Saction 1
Certificates of stock shall be signed by both the President •nd
Secretary and each certiflcate shall expreas upoh itg face, its number,
tha dato oi iesuanee, the number of shares far which, and Lhe ren.Te ef
the persan or persons ta whom it is issued. Several certificates moy
be issued to the same person or persona, provided that fn the aggregate
they do not er.ceed the numhQr of shares belonging to such persan or
peraona.
The certificate book shall contain a ma�rginal stuC upon which ehall Oe
entQred the number, da�te, numGer of ahares and the name o4 the peraon
or pereons expresced in the corresponding certificate.
Sth 7o audit and adjunct all bills of account again�t the Company� end
to direct the payment of such as may be allawed.
Soction 5
No contract made by any officer or employee of the Company ahall be
valid withaut the previous authorisation or tha subsequent ratification
of the Board of Directore.
Section 2
Certificates whenever issued shall be iesued aa full paid up stock of
the par valu� of ten dollara per shars� and such shares of stock may be
tranaferred ot any time by the holder thereof or by attorney� or by
legal representatives. Such transfer shall be made by endorsement on
the back oi the certificate oi stocle end the 6urrender of the same
provided that such trans4er shall not be valid Qxctpt as 6etween the
partioe thereto until the same shall have been noted Sn the prooer form
nn cne ccoks of tha Company upon whlch any asaessments are due and
unpwid.
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