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

I
I.,
I
I
I
I
I
I
I
.
I
I
I
I
I
I

~

I

of shareholders, not less than ten days prior to the date on
~hich the particular action, requiring such determination of
sharehOlders, is to be taken. If the stock transfer books are
not closed and no record date is fixed for the determination of
shareholders entitled to notice of or to vote at a meeting of
shareholders, or shareholders entitled to receive payment of a
dividend, the date on which notice of the meeting is mailed or
the date on which the resolution of the Board of Directors
declaring such dividend is adopted, as the case may be, shall
be the record date for such determination of shareholders.
When a determination of shareholders has been made as provided
in this section, such determination shall apply to any adjourn-
ment thereof.

Section 6. Voting Record. The officer or agent
having charge of the stock transfer books for shares of the
corporation shall make, at least ten days before each meeting
of shareholders, a complete record of the shareholders entitled
to vote at the meeting or any adjournment thereof, arranged in
alphabetical order, with the address of and the number of
shares held by each. The record, for a period of ten days
before the meeting, shall be kept on file at the principal ,
office of the corporation. The record shall also be producedi
and kept open at the time and place of the meeting. The record
shall be subject to the inspection of any shareholder at any
time during usual business hours and during the whole time of
the meeting for purposes german;,~:eeting.

Section 7. Quorum. .'. of the outstanding
shares of the corporation entitled to vote, represented in
person or by proxy, shall constitute a quorum of a meeting of
shareholders. If a quorum is present, the affirmative vote of
the majority of the shares represented at the meeting and
entitled to vote on the subject matter shall be the act of the
shareholders, unless the vote of a greater proportion or number
or voting by classes is required by the Colorado Corporation
Code or the articles of incorporation. If less than a majority
of the outstanding shares are represented at a meeting, a
majority of the shares so represented may adjourn the meeting
from time to time without further notice. At such adjourned
meeting at ~hich a quorum shall be present or represented, any
business may be transacted which might have been transacted at
the meeting as originally noticed. The shareholders present at
a duly organized meeting may continue to transact business
until adjournment, notwithstanding the withdrawal of enough
shareholders to leave less than a quorum present.

Section 8. Proxies. At all meetings of share-
hOlders, a shareholder entitled to vote may vote in person or
by proxy appointed in writing by the shareholder or by his duly
authorized attorneY-in-fact. The proxy shall be filed with the
secretary of the corporation before or at the time of the

-3-