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it is elected and shall have the power to make and alter bylaws, rules, and regulations for the
<br /> distribution of water and for the conduct of the district business not inconsistent with the laws of
<br /> the state of Colorado and to make such contracts and employ such persons as are necessary for
<br /> the conduct of the affairs of the district, in general exercising the usual and ordinary functions of
<br /> management of the district, including, when specifically authorized by vote of the landowners so
<br /> to do, to cooperate with the United States under the federal reclamation laws or any other federal
<br /> laws enacted by the congress of the United States for the purpose of the construction of irrigation
<br /> works, including drainage works necessary to maintain the irrigability of the land, or for the
<br /> acquisition, purchase, extension, operation, or maintenance of constructed works, or for the
<br /> assumption as principal or guarantor of indebtedness to the United States on account of district
<br /> lands.
<br /> (b) It is also the duty of such board to make an annual report of such district showing the
<br /> status of its affairs generally, including full lists of assets and liabilities, warrants and bonds
<br /> outstanding, and such as have been paid or retired during the last fiscal year, and to present the
<br /> same to the landowners at the annual election.
<br /> (3) As compensation for such service as directors, each person so acting shall receive ten
<br /> dollars for each day necessarily spent in the discharge of district business and such expenses as
<br /> are necessarily incurred in the conduct of its affairs; except that, after the first year, the
<br /> landowners may fix other compensation by vote at any annual election.
<br /> (4) Each member of the board of directors shall execute an official bond in the sum of three
<br /> thousand dollars, which shall be approved by the county judge of the county wherein such
<br /> organization was effected, and the bond shall be recorded in the office of the county clerk and
<br /> recorder thereof. Such official bond may be signed by a surety company authorized to do
<br /> business in the state of Colorado, in which case the district shall be liable for and shall pay the
<br /> premium on said bond.
<br /> (5) No director or any officer named in this article shall be interested directly or indirectly, in
<br /> any manner, in any contract awarded or to be awarded by the board or in the profits to be derived
<br /> therefrom, nor shall he receive any bonds, gratuity, or bribe.
<br /> (6) Any officer who violates this section commits a class 6 felony and shall be punished as
<br /> provided in section 18-1-105, C.R.S. He shall also forfeit his office upon conviction.
<br /> (7) If it is found necessary by the board of directors to employ judges of election, each shall
<br /> receive as compensation for his services the sum of ten dollars per day to be paid by the district.
<br /> Source: L. 21: p. 525, § 10. C.L. § 2066. CSA: C. 90, § 441. CRS 53: § 149-2-10. L. 59: p. 829, §
<br /> 1. C.R.S. 1963: § 150-2-10. L. 65: p. 1270, § 3. L. 77: (6) amended, p. 885, § 68, effective April 1,
<br /> 1979. L. 89: (6) amended, p. 851, § 137, effective July 1. L. 91: (2)(b) amended, p. 893, § 23, effective
<br /> June 5.
<br /> Editor's note: Section 79 of chapter 216, Session Laws of Colorado 1977, was
<br /> amended by House Bill 78S-1001, Session Laws of Colorado 1978, First Extraordinary
<br /> Session, resulting in a change in the effective date of House Bill 77-1589 from July 1,
<br /> 1978,to April 1, 1979.
<br /> Am.Jur.2d. See 45 Am.Jur.2d, Irrigation, § § 61, 62.
<br /> C.J.S. See 94 C.J.S., Waters, § § 320,321.
<br /> 37-42-111. Meetings of directors - notice. The board of directors shall hold its regular
<br /> meetings at least four times each year, which may be immediately following the general election
<br /> and on the first Tuesday of April, July, and October of each year, or, in the alternative, at such
<br /> other times as may be designated in the bylaws adopted by the board, and such special meetings
<br /> as shall be called, on at least five days' notice, by a majority of the board. All special and regular
<br /> meetings must be held where practicable within the district or, if not so practicable, within the
<br /> boundaries of any county in which the district is located, in whole or in part, or in any county so
<br /> long as the meeting location does not exceed twenty miles from the district boundaries. The
<br /> provisions of this section governing the location of meetings may be waived only if the proposed
<br /> change of location of a meeting of the board appears on the agenda of a regular or special
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