PROJC01841 ‎(2)‎

• Contract/PO #: C150270
• Contractor Name: Headgate 135 Lateral, Inc.
• Contract Type: Loan
• Water District: 0
• County: Mesa
• Loan Projects - Doc Type: Feasibility Study

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BY-LAWS
OF
HEAD GATE 135 LATERAL, INC.

ARTICLE I

Offices

Section 1. Principal Place of Business. The princi-
pal place of business of the corporation shall be located at
3046 D~ Road, Grand Junction, CO 81504.

Section 2. Registered Office and Registered A~ent.
The address of the registered office of the corporation is 3046
D~ Road, Grand Junction, CO 81504, and the name of the regi-
stered agent at this address is John Massis. ~he registered
office and the registered agent may be changed by the Board of
Directors at any time.

ARTICLE II

Members

Section 1. Certificate of Membership. The members
of the corporation shall be those individuals or organizations
receiving water from the Grand Valley Irrigation Company Canal
through the lateral managed by the corporation, otherwise known
as the Headgate 135 Lateral. The Corporation shall issue cer-
tificatesevidencing membership in the corporation and each
member shall be entitled to one share in the Headgate 135
Lateral, Inc., for each five shares of Grand Valley Irrigation
Company water delivered to the headgate. Membership in this.
corporation shall be evidenbed by'a stock certificate and.
shares of stock which shall be as~sible and governed by the
rules established in these by-laws. No one may be a member of
this non-pro.fit corP.oration.unle.~s and unti~. they become ~h. e. .d1:./.
holder of a share of stock ln thlS borporatlon. Membersh~~~Jl
annual meeting of the shareholders shall be held on the ~1
of the month of in each year, at /:a? o'clock~.M.
or at such other time on such other day as shall be fixed by
the Board of Directors, for the purpose of electing directors
and for the transaction of such other business as may come
before the meeting. If the day fixed for the annual meeting
shall be a legal holiday in the State of COlorado, such meeting
shall be held on the next succeeding business day. If the
election of directors shall not be held on the day designated
herein for an annual meeting of the shareholders, or at any
adjournment thereof, the Board of Directors shall cause the
election to be held at a special meeting of the shareholders as
Soon thereafter as may be convenient.