PROJC02275 ‎(2)‎

• Contract/PO #: C150166
• Contractor Name: East Fork Mutual Irrigation Company
• Contract Type: Loan
• Water District: 50
• County: Grand
• Loan Projects - Doc Type: Feasibility Study

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.>ui_d he.r.i.oa o£ one (.1) }•e~ar f.rc~m thc~ dak~~ c+.F del. i.nrluc:ncy, :;~Zi.d ~:ii:rc„~;
s
of stoc}c shall be ::old by the Corporation; and thc~ proceeds of such
sale shall be applied in payment of such delinquent assessment, plus
L•Ire amount o~` interest due tlrercon; and the cost of said sale, and
an}• amount over and above the total amount of ::aid assessment, intcre~:t
arrd costs shall be paid to the delinquent stockholder.
Said rrotice of assessment shall also provide that if payment
• oC the amount of assessment is riot made with.i.n sixty (GO) days o.E
t:lrr. date of mailing of said notice, said payment :;hall become dalinyu.~nt;
and the P.oard oL Directors, L-Irereafter, in ils disr_retion shall have.
tlr.e po:v~r, without furl-hsr not:ice to the deliinyuent stockholder until
th~~ date of payment by the stockholder to tlr_: Corporation of l.•he <unount
of the deainquent assessment, plus interest: on said amount at the
rate of twelve percent (12~) per annum from the date said assessm~:: r.
h~canre delinquent and/ur to continence a civil action in the name oL-
tha Corporation against the delinquent stockholder for the arnounl.-
o~ the assessment, plus interest and costs of such action, in~lucling
reasonable attorney's fees.
1\RTICLE VI
Seai
The corporate seal shall consist of the words "I:a~.t P'or;;
Mutual irrigation Company" and "Colorado" in the form of a c.irclo
• s~.rrroundiny the word "Seal".
ARTICLI; VIt
Arn~.ndmsnt or RePC:al of U`; 1 nw
't`hese Bylaw gray he amendr.d or repealed by L-h~ vote c, t• a;~l,ro~a.::!.
a r.::x~~~:•,ity of the. hoard of D:~.rector~, 1•~-~wi.cied 4h~~1-. noti.,•-• nf: +:,:;:
pcuposal to so amend or repeal shall be included .in the rrotice of
tlx:: meeting of the f)oarcl of Directors at which such action is proE,oaed
t~~ be to};e_n.
Tlie above Bylaws are approved and adopted by the Board of
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