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ARTICLE IX —GENERAL AUTHORIZATIONS SECTION 1- Ditch construction must be on private property with proper written authorization, from each person or persons whose property it crosses. SECTION 2 - All members are responsible for the maintenance, burning weeds and keeping ditch banks clean along their own property. SECTION 3 - All members are responsible infor keeping ditch maintained from the canal to I Road, including burning weeds, spraying weeds, cleaning and keeping boxes free of trash. SECTION 4 - Headgate will be regulated in accordance with the wishes of the members in agreement with the Grand Valley Canal Company. SECTION 5 - Where the ditch is fenced into private property — the landowner is responsible for the breakage and repairs and cleaning. SECTION 6 - No repairs will be made on the ditch with the expectations of receiving Company Funds, unless first approved by the Lateral Executive Board, before repairs are made. SECTION 7 - All members are responsible for participating in the spring and summer ditch cleaning, and for keeping the lateral maintained from its beginning at the headgate on the canal to the end of the lateral. Notices for spring and summer ditch cleaning will be mailed out in advance to all members. Any member not present (or not represented) at the spring or summer cleaning will be assessed a $50.00 fee. ARTICLE X ISSUANCE OF LATERAL SHARES SECTION 1- This Article gives the Board of Directors of Twenty Two Road Lateral Company the authority to issue shares in the Twenty Two Road Lateral Company. Such shares are to be exchanged 1 for 1 for Grand Valley Irrigation Company (GVIC) shares owned by lateral members that have shares assigned to the Lateral's head gate. Such GVIC shares then become the property of Twenty Two Road Lateral Company. SECTION 2 - GVIC shares owned by the Twenty Two Road Lateral Company may only be used for collateral in securing financing and loans from the Colorado Water Conservation Board (CWCB) for the replacement of Twenty Two Road Lateral's open ditch with a buried pipe system. SECTION 3 - Twenty Two Road Lateral Company shares will be held in custody of the Lateral Company in a secure location. Member will be provided with a notice stating the number of Twenty Two Road Lateral Company shares they own. SECTION 4 - Twenty Two Road Lateral Company Shares will continue at least for the life of any outstanding CWCB loans made to the Lateral until such loans are paid off or collateral is no longer needed. 4