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<br />STATE OF COLORADO <br /> <br />Colorado Water Conservation Board <br />Department of Natura 1 Resources <br /> <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />FAX: (303) 866-4474 <br /> <br />MEMORANDUM <br /> <br />From: <br /> <br />Department of the Treasury j <br /> <br />Mr. S. S. Biondo, Contract Compliance Officer i <br />Water Supply Planning and Finance Section <br /> <br />November 13, 2003 <br /> <br />To: <br /> <br />Date: <br /> <br />Subject: <br /> <br />Excelsior Irrigating Company <br />Loan Contract No. 153748 & C153797 <br />Stock Certificate No.9 <br /> <br />Attached for deposit for safekeeping with the State of Colorado, Department of the Treasury, is <br />Stock Certificate No.9, date of issue October 28, 2003, in the amount of $33,330, covering 500 <br />Shares of $10 par capital stock of the Excelsior Irrigating Company, to the Colorado Water <br />Conservation Board and Excelsior Irrigating Company. <br /> <br />If you have any questions, please advise. <br /> <br />Thank you. <br /> <br />cc: Ms.]. S. Illian <br />CWCB File <br />