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RESOLUTIONS OF THE BOARD OF DIRECTORS <br /> OF THE SEVEN LAKES RESERVOIR COMPANY <br /> The Board of Directors of The Seven Lakes Reservoir Company (Company), at a meeting held a-9 , <br /> 2015, at&?,6KE• , Colorado, approved a modification to Loan Contract No. CT2015-022 (C150362) from <br /> the Colorado W er Conservation Board (CWCB), authorizing the form and execution of a loan contract <br /> amendment and the appendices thereto; pledging certain funds as security for the repayment of amounts <br /> specified in the Loan Contract Amendment No. 1. <br /> At said meeting, the Board charged that these resolutions are irrepealable during the term of the loan <br /> and, pursuant to the Company's bylaws, authorized the President and Corporate Secretary, RESOLVED <br /> as follows: <br /> 1. to pledge, as COLLATERAL, for the loan an undivided one hundred percent (100%) interest in the <br /> HORSESHOE HIGH-LEVEL OUTLET PROJECT, and <br /> 2. to execute the Amended Deed of Trust necessary to convey a security interest in said property to the <br /> CWCB. <br /> CERTIFICATION <br /> THE UNDERSIGNED,THE PRESIDENT AND THE CORPORATE SECRETARY HEREBY CERTIFY THAT THE FOREGOING <br /> ARE TRUE AND CORRECT COPIES OF RESOLUTIONS DULY ADOPTED AT A MEETING OF THE COMPANY'S BOARD OF <br /> DIRECTORS DULY CALLED AND HELD AS ABOVE RECITED,PURSUANT TO THE COMPANY'S BYLAWS,AND THAT SAID <br /> RESOLUTIONS HAVE NOT BEEN AMENDED OR RESCINDED. <br /> GIVEN UNDER OUR HANDS AND THE SEAL OF THE COMPANY THE el Kt,DAY OF wvfS6 it.. 2015. <br /> (SEAL) <br /> By ✓���rl,---," <br /> Signa re <br /> ATTEST: <br /> NAME: 0&2'J ✓tni..E✓LZ,6LL- <br /> ByOC.Le-01.- TITLE: P1245 I.DE of T <br /> Signature <br /> DATE: )2-q- fs� <br /> NAME: 1dl1J/ /AjfGrrl f{/If <br /> TITLE: Gl2ErAl01 / 7-2.EAuk.Es <br /> DATE: /02 -9- <br /> APPENDIX F <br />