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be shut-down and, tk�us, the depletions associated with such uses may need <br />to be considered to be non-curtailable. Accordingly, gravel pits, wells that <br />are used to provide water for industrial, commercial, muziicipal or domestic <br />uses and otl�er uses that may not reasonably and practically be shut-dowu <br />shall be augmented only with preferred stock. <br />Sec'i�r. 5. ��se af LAWNIA Stock. <br />A. It is the policy of the Board of Directars fhat the use of LAWMA stock for <br />a�.gmentahan purposes sha11 onlybe done pursuant to LAWMA's water conrt <br />approved pian far augmentation(s). Hawever, the Boazd of Directors <br />understand tha�, in certain limited circumstances, the use of LAWMA stock <br />far au�nentauan purposes maybe needed temporarilyunder: (a) a substitute <br />water supply pian approved by the State Engineer pursuant to C.R.S. §§ 37- <br />90-137(1 I} or 37-92-308 et. seq., or (i�) a r�placement plan approved by the <br />Sta.te Engineer for Water Division lvo. 2 pursuani to the A�alended Ru]es and <br />Regulafzons Governing the Diversion and Use of Tributary Graund W ater in <br />the Arkansas River Basin, effective June 4, 1996 (includang any <br />amendments). <br />B. Upon Water Caurt appro�al of a LAWMA augmentation plan that includes <br />a member structnxe operating Pursuant to a temporary substitute water supply <br />plax� or replacement pian, t3�e member sha11 promptly terminate such <br />temporary plan and withdra.w any vsrater court application that seeks approval <br />of an independent (i.e. noa-LAWMA) plau for augmentation using LAWMA <br />shares. <br />C. Any LAWMA member that uses LAWMA stock for aagmentation purpases <br />pwrsuant to a subsritute water supply plan or replacement plan or <br />augmenta.tion plan operated by LA.WMA shail be responsible for all <br />necessary gauge readings, notificaiaons, ca.lculations and aecounting of <br />diversions and/or depletions rec�uired by the State Engineer and the Division <br />Engineer for Water Division iv'o. 2 or the Water Court. Members shall <br />provide copies of all such records, calculations and accouuting performed in <br />connection with such pians to LAWMA mont�y or on a more frequent basis <br />if requested by LAWMA. <br />Secti�n 6. Use of Preferred Stock. Preferred stack may be tised to augment all <br />types of water uses including, but not Iimited to, irrigation use. <br />ARTICLE VIII <br />Amenriment <br />These bylaws may be amended by a majority vote at any meeting of the Board of <br />Directors. These bylaws may also be amended by a majority vote of tlze members a# �y annual <br />meeting ar at any special meeting callec� for that purpose. if an amendment is adapted by vote of the <br />membership, it may nat therea.fter b.e attered by a majority of the Baard of Directors, at least until <br />after tlie next meeting of the member�. <br />II <br />