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C150363 Feasibilty Study
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C150363 Feasibilty Study
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Last modified
12/3/2014 4:19:46 PM
Creation date
10/1/2013 2:25:07 PM
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Loan Projects
Contract/PO #
C150363
CT2015-001
Contractor Name
Petrocco Family Limited Partnership, LLLP
Contract Type
Loan
Water District
2, 3
County
Adams
Larimer
Loan Projects - Doc Type
Feasibility Study
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Corporation, and such authority may be variable or confined to <br />s ecific instances. <br />7.2 Loans. No loans in excess of $500,000.00 shall be <br />tracted on behalf of the Corporation, and no evidence of <br />ebtedness in excess of $500,000.00 shall be issued in its name, <br />ess authorized by a resolution of the Board. Such authority <br />be general or confined to specific instances. <br />7.3 Checks, Drafts, Etc. All checks, drafts or other <br />o ders for the payment of money, notes or other evidences of <br />i debtedness, issued in the name of the Corporation, shall be <br />s gned by such officer or officers, agent or agents of the Cor- <br />pc ration and in such manner as shall from time to time be deter- <br />mined by resolution of the Board. <br />7.4 Deposits. All funds of the Corporation not other - <br />w se employed shall be deposited from time to time to the credit <br />o the Corporation in such banks, trust companies or other <br />d positories as the Board may select. <br />t� <br />of <br />al <br />c <br />SECTION VIII <br />Dividends <br />8.1 Dividends. Dividends, upon the terms and condi- <br />ons provided by law and the Articles, shall be declared and paid <br />t of the net profits and surplus of the Corporation as often and <br />such times as the Board may determine, taking into account <br />serve, capital and other needs of the Corporation. No unclaimed <br />vidend shall bear interest against the Corporation. Dividends <br />capital stock may also be declared when, in the judgment of the <br />ard, it is considered proper for the best interests of the <br />rporation. <br />SECTION IX <br />General <br />9.1 Seal. The Board may adopt a seal which shall be <br />rcular in form and shall bear the name of the Corporation and <br />e words "SEAL" and the state of incorporation. When adopted, <br />ch seal shall constitute the corporate seal of the Corporation. <br />e seal may be used by causing it or a facsimile thereof to be <br />pressed, affixed, manually reproduced or rubber stamped with <br />delible ink. <br />9.2 Waiver of Notice. Whenever any, notice is required <br />be given under the provisions of these Bylaws, the Articles, <br />orado law, or otherwise, a waiver thereof in writing, signed by <br />16 <br />
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