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RESOLUTION <br /> To amend the Articles of Incorporation of the Uncompahare,Valley Water Users <br /> Association at a Special Meeting of the Association on 4 4(7 u 44142 . 2015 <br /> WHEREAS, The Board of Directors recommended the adoption of the following <br /> amendment to the Articles of Incorporation at a special meeting of the shareholders of the <br /> Association held at /3 ` a t L - ,/ _ = ,. / _ r I1 '11r1 <br /> Montrose, Colorado 81401,to wit: <br /> Ke,fr-e <br /> (a) To amend Article XVI ,as amended on November 30, 1908, and as amended <br /> October 1, 1927,by the addition of an entirely new Section to state as follows: <br /> "Article XVI, Section 2, The corporate indebtedness for corporate purposes <br /> including, but not limited to financing the installation and completion of a hydro <br /> power facility at Drop 5 on the South Canal shall not exceed$8.000.000.00. <br /> WHEREAS, Article XVI of the Articles of Incorporation provided that the Articles can <br /> only be amended at a regular annual meeting or a special meeting of shareholders called for that <br /> purpose; and <br /> WHEREAS,Notice of the proposed Amendments to the Articles has been properly given <br /> by first class mail posted to each shareholder of record and by notice published in the Montrose <br /> Daily Press, a newspaper published in Montrose County, Colorado and the Delta County <br /> Independent a newspaper published in Delta County, Colorado; and <br /> WHEREAS, That at said special meeting a quorum was present and the votes cast in <br /> favor of the amendment was 2.71 j"g L,cJ shares and the votes cast against the amendment was <br /> 4%14- the adoption of the proposed amendment, and the same was declared duly adopted. <br /> NOW THEREFORE,that the President and Secretary of the said Corporation were at said <br /> special meeting, duly authorized and directed to make, verify and file such certificate as might be <br /> necessary or required by law to carry into effect the change adopted by the Corporation by <br /> amendments to its Articles of Incorporation. <br /> IN WITNESS THEREOF, we,the president and Secretary of said Corporation,have <br /> hereunto set our hands and seals this /�7-*+ day of A-4 449- , A.D. 2015, and <br /> have caused the seal of our said Corporation to be affixed hereunto. <br /> '24-1.CLNk <br /> George Eat-, President <br /> .g7 <br /> f <br /> /7 <br /> Steve P ' y, Secr ary tch Appendix 3a and 3b <br /> Page 1 of 1 <br />