Laserfiche WebLink
mill <br />t'Onii: COUNTY 00 <br />2010 03:38:46 PM jean F99:0.00 <br />24 Rao Fas:S126.00 Doo Fea:0.00 OpRFIELD <br />present the affirmative vote of fifty -one percent (510/0) of the votes represented at such meeting <br />and entitled to vote on the subject matter shall be the act of the shareholder <br />rPor�au'on or °thy <br />greater proportion or number.is required by these BygCk Isenott2 went at an shareholders' <br />laws of Colorado. If a majority of. the outstanding Pr y <br />meeting, the minority present shall have no. power to transact any business or take any action <br />except to adjourn. <br />E. Voting. Each holder of record shall have the right to one (1) vote at any <br />as to <br />shareholder's meeting for each share of stock issued by the Corporation and - y -pl idt and <br />assessments. Except as otherwise provided herein or in the Articles of Incorporation, <br />resolutions of the shareholders shall be deemed adopted upon a favorable vote of a majority of <br />the votes cast. Any shareholder may participate in person or by proxy executed in-writing by the <br />shareholder or the shareholder's duly authorized attorney- in-fact. Corporate stock records shall <br />be closed to transfer ten (10) days before any shareholders' meeting and shall remain closed until <br />the day following. the meeting. Any shareholder may demand a vote by ballot on any. question, <br />in which event all ballots shall be signed; the number of shares voted written thereon, and the <br />amount verified with the stock records of the Corporation before the result is announced. <br />F. Election of Directors. Notwithstanding the foregoing, in the election of <br />directors, each shareholder shall have the right to vote that shareholder's number of shares by <br />secret ballot for as many persons as there are directors to be elected. Cumulative voting of <br />shares of stock is not authorized for any purpose. <br />G. Additional Voting Requirements. <br />1. At any meeting of shareholders called for the purposes of approving <br />capital improvements to the assets of the Corporation, fifty 'one percent (51 %) of the total which a <br />entitled to vote at such meeting shall constitute a quorum, and at any such meeting <br />quorum is present the affirmative vote'of a majority of the total votes of the Corporation entitled <br />to vote on the subject matter shall be the act of the shareholders. <br />2. At any meeting called for purposes ending the terms of Article VII, <br />Sections B or C of these Bylaws . or for approval to sell, transfer or convey all or any portion of <br />the Ditch or the Corporation's associated water rights (other than a sale- of .shares of the <br />Corporation entitling the holder thereof to use such assets), the affirmative vote of ninety percent <br />(90 %) of the total votes of the Corporation entitled to vote on the subject matter shall be the act <br />of the shareholders. <br />3. At any meeting: of the shareholders called for the purposes of incurring <br />indebtedness, an affirmative vote of one hundred (100 %) of the total votes of the Corporation <br />entitled to vote on the subject matter shall be required to approve the terms of the indebtedness. <br />H. Action Without Meeting: -Any action which might be taken at a meeting of the <br />shareholders may be taken without a meeting if a consent in writing, setting forth the action <br />taken, is signed by all of the shareholders entitled to vote. <br />. S <br />