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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meeting. Unless otherwise provided in the proxy, a proxy may
be revoked at any time before it is voted, either by written
notice filed with the secretary or the acting secretary of the
meeting or by oral notice given by the shareholder to the
presiding officer during the meeting. The presence of a
shareholder who has filed his proxy shall not of itself consti-
tute a revocation. No proxy shall be valid after eleven months
from the date of its execution, unless otherwise provided in
the proxy. The Board of Directors shall have the power and
authority to make rules establishing presumptions as to the
validity and sufficiency of proxies.

Section 9. Voting of Shares. Each outstanding share
entitled to vote shall be entitled to one vote upon each matter
submitted to a vote at a meeting of shareholders.

Section 10. Representative Voting of Shares. The
following shall apply when shares are to be voted by a repre-
sentative:

Shares standing in the name of another corporation,
whether domestic or foreign, may be voted by such officer,
agent or proxy as the bylaws of the other corporation may
prescribe, or, in the absenge of any such provision, as the
board of directors of the other corporation may determine.

Shares held by an administrator, executor, personal
representative, guardian or conservator may be voted by the
fiduciary, either in person or by proxy, without a transfer of
such shares into the fiduciary's name.

Shares standing in the name of a trustee may be voted
by the trustee either in person or by proxy, but no trustee
shall be entitled to vote the shares without a transfer of the
shares into the trustee's name.

Shares held by a minor or incompetent may be voted by
the minor or incompetent in person or by proxy and no such vote
shall be subject to disaffirmance or avoidance, unless prior to
the vote the secretary of the corporation has actual knowledge
that the shareholder is a minor, or that the shareholder has
been adjudicated an incompetent or that judicial proceedings
have been started for the appointment of a guardian.

Shares held in the names of joint tenants may be
voted in person or by proxy by anyone of the joint tenants, if
no other individual joint tenant is present and claims the
right to vote the shares or prior to the vote has filed with
the secretary of the corporation a contrary proxy or a written
denial of the authority of the person present to vote the
shares.

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