Laserfiche WebLink
'. , __ <br />application has been approved by the Board of Directors, the Applicant must include terms and <br />conditions at least as stringent as those approved by the Board of Directors in an application to <br />the District Court for Water Division No. 1., State of Colorado. <br />Section 4. Applicant Pays Costs. An Applicant for a change of water right must <br />reimburse the Corporation for the Corporation's reasonable costs and fees, including a charge for <br />time spent by the Board of Directors and Corporation employees in analyzing the application to <br />the Board of Directors and in any litigation that follows. This specifically includes a challenge to <br />' the Board of Director's denial of an application. Prior to analyzing the proposed change, the <br />Board of Directors shall obtain an estimate of the costs. The Board of Directors shall make said <br />estimate of cost within thirty (30) days of submission of an application and the Applicant shall <br />have thirty (30) days after receipt of the estimate from the Board of Directors to snake the <br />deposit. The Board of Directors shall not take final action on any application until, and unless, <br />the Applicant makes said deposit. If the estimate and deposit need to be adjusted by further <br />payment or reimbursement, such adjustments and reimbursements shall be made upon the <br />completion of the analysis. In no event shall the committee be required to finally approve or <br />disapprove the application until all fees incurred by the Corporation are reimbursed. <br />ARTICLE 4 <br />MEETINGS OF MEMBERS <br />Section 1. Annual Meeting. The annual meeting of the Members of the corporation <br />shall be held each year on such date as maybe fixed by resolution of the board of directors. The <br />annual meeting shall be held for the election of directors' and the transaction of such other <br />business as may properly come before it. At each annual meeting, the board of directors shall <br />submit to the membership a report of the corporation's business activities during the preceding <br />year and the general financial condition of the corporation. <br />Section 2. <br />Special Meetings. Special meetings of the Members maybe called by or <br />at the direction of the President, Board of Directors or ten (10%) percent of the outstanding <br />Members. <br />Section 3. Notice of Meetings. Notice of any meetings, annual or special, shall <br />specify the date, time, place and purpose of tie meeting and shall be delivered, either personally, <br />by mail or delivery service, to all Members. Notice for meetings shall be sent not less than ten <br />(10) and no more than sixty (60) days prior to the meeting. Provided, however, if authorized <br />shares are to be increased then notice shall be given at least thirty (30) days prior to the meeting. <br />A Member may waive notice pursuant to C.R.S. § 7-127-126, as may be amended or replaced <br />from time to time. All Members in good standing as of the record date provided in this Section 3 <br />shall be entitled to notice. The record date for giving notice shall be the business day preceding <br />the day on which notice is given or, if the notice is waived, at the close of business on the <br />business day preceding the day on which the meeting is held. Notice shall deemed to be effective <br />as provided in C.R.S. § 7-121-402, as maybe amended or replaced from time to time. <br />~ ' <br /> <br />