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To negotiate with federal resource agiencies, other states, and other <br />stakeholders on behalf of or in coordination with the State of Colorado in <br />connection with the implementation of the first increment of PRRlP and the <br />formulation and implementation of fulure increments thereof, <br />In the event the efforts to create the F'RRIP are not successful, to assist in <br />development and operation of a Colorado-Only Program or other <br />programmatic ESA compliance approach in Colorado, approved by the <br />appropriate federal agencies, that as;3ists in the recovery of designated <br />Platte River species, and <br />To conduct such other business as is reasonably necessary to accomplish <br />the above purposes. <br />V. Powers. In furtherance of the foregoinci purposes (but not othenrvise) and <br />subject to the restrictions set forth below, the Corporation shall have and may <br />exercise all of the powers now or hereafter conferred upon nonprofit <br />corporations organized under the laws aF Colorado and may do everything <br />necessary or convenient for the accomplishment of any of the corporate <br />purposes, either alone or in connection rvith other organizations, entities or <br />individuals, and either as principal or agi:nt, subject to such limitations as are or <br />may be prescribed by law. Specifically, but not by way of limitation, the <br />Corporation shall have the power to coni:ract with the Federal government and <br />the State of Colorado and any agencies or subdivisions thereof, to incur <br />indebtedness, and to buy and sell real property both within and without the State <br />of Colorado. <br />A. No part of the net earnings of the Corporation shall inure to the benefit of <br />or be distributable to any member, director or officer of the Corporation or <br />any other individual (except that reasonable compensation may be paid <br />for direct expenses incurred by a!member, or agent of a member, acting <br />as a director, officer, or agent of, and at the direction of, the Corporation, <br />and except to the extent the Corporation contracts with such member for <br />services benefiting the Corporation), and no director, officer or other <br />agent of the Corporation shall be entitled to share in any distribution of <br />any of the corporate assets on di:;solution of the Corporation except as a <br />member of the Corporation as provided in Article X below. <br />B. The Corporation shall not have the power to pledge the credit of any of its <br />members, nor to create any financ;ial obligation between any creditor of <br />the Corporation and any member. <br />C. The Corporation shall not particip,ate or intervene (including the <br />publishing or distribution of statements) in any political campaign on <br />behalf of or in opposition to any candidate for public office. However, if <br />the Corporation is an organizatiori to which Section 501(h) of the Internal <br />2 <br />Articles-SPWRAP