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will <br />RsasptionM 798593 1QU+ Albarioo TY CO <br />8 of02A0Rac0FiQ85426P00 Doe F88:0.00 GARFIF COUW <br />• "'','LADED BYL.AVYS <br />`— OF <br />3AST i�';E5A CO <br />ARTICLE L <br />ADOPTION OF BYLAWS <br />The following Bylaws were adopted on the 5th day of November, 2010, at the annual <br />the "Corporation's held on said <br />meeting of the shareholders of the East Mesa Water Company <br />date. <br />ARTICLE II. <br />OFFICES <br />The, principal office of the Corporation shall be located 1 in' Carbondale Board oColorado. may <br />mailing address of the principal office is 0979 County Road <br />change the principal place of business at any time. The Corporation may also have offices at <br />other places within Colorado as the Board of Directors may from time to time app <br />ARTICLE III. <br />CORPORATION'S MAILING ADDRESS <br />Payment of assessments <br />d all correspondence to the Corporation (other than <br />correspondence and notices from the Secretary of State to the Corporation) shall be sent to East <br />Mesa Water Company, 0979 County Road 101, Carbondale Colorado 81523. <br />ARTICLE IV. <br />NONPROFIT STATUS <br />A. Net Earnings. No part of the income or net earnings <br />of the Corporation shall <br />inure to the benefit of or be distributable to any shareholder, director or officer of the <br />Corporation or any other Corporation or private individual; however, reasonable compensation <br />may be paid for services actually rendered to or for the Corporation and any officer, director, <br />agent or employee or any other person or corporation may be reimbursed for expenses advanced <br />or incurred for the Corporations benefit upon authorization of the Board of Directors. No <br />shareholder, director or officer of the Corporation, nor any other corporation or private <br />individual, shall be entitled to share in any distribution of any of the corporate assets upon <br />dissolution of the Corporation or otherwise except as expressly set forth herein or in the Articles <br />of Incorporation. <br />B. Prohibited Activities. No substantial part of the activities of the Corporation <br />shall consist of carrying on lobbying, activities, propaganda campaigns .or other activities <br />designed to influence legislation. The Cqpomtion shall <br />office. t participate or intervene in any <br />political campaign on behalf of any candidate for pu blic <br />C. Dissolution. In the event of the dissolution of the Corporation, the assets of the <br />Corporation shall be distributed to all shareholders and all lien holders as their interest may <br />appear as provided by section 501(c)(12) of the Internal Revenue Code of 1986 and Colorado <br />Page •1 of 16 , '� <br />