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e <br /> TREMONT MUTUAL DITCH COMPANY r <br /> MINUTES OF SPECIAL MEETING OF SHAREHOLDERS k <br /> By the'call lof the President, a special meeting of shareholders of the Tremont f <br /> Mutual Ditch Company was held on Friday,June 21, 1996, at 6:00 P.M. at the Snyder i <br /> Community Hall,29369 4th Street, Snyder, Colorado, for the purpose of considering <br /> and taking .c' respect to long-term financing with the Colorado Water <br /> Conse • e;,, : - I 6 ,help defray the cost of reconstructing the ;Company's <br /> diversi•` s,` - 6. the South Platte River, to consist of a loan of $45000.00 for a <br /> term of, ,erlty :,. •y- f e annually in the sum of $3,311.18, including interest at <br /> 4% • .. • 4 • t. tr A t any other business that may properly come before <br /> the ; -. . : • :. 1. •• A • ent of the meeting. <br /> Present in • - .on or by proxy were shareholders representing 1,001 shares out <br /> of a total of 2,000 : .res outstanding, as follows: <br /> Pres re <br /> in Person: Number of Slams <br /> Edi . e 189 <br /> Iv. abot 80 <br /> Da e ' eiderspon 203 <br /> C. i embel 190 <br /> jo Sample 74 <br /> Bo Chapin 4 <br /> Total 740 <br /> Pres:, t by Proxy: Number of S res <br /> Ra• el Roth 134 <br /> Fre• Grau, Inc. 125 <br /> Th:lma Williams 3 <br /> Total 262 <br /> Grand Total 1,002 <br /> The Secretary pre ented the President's call for the special meeting of s areholders, <br /> the form of Noti•• of the special meeting of Shareholders and Direct s, and the <br /> proxies. The Pre•f dent determined that a quorum was present for the conduct of <br /> business ands ord red the forms:of the call of meeting, the notice ofeeting, the <br /> certificate of noti :, and the proxies be filed in the minutes of the Company records. <br /> The Treasurer discussed the current financial situation of the Company, <br /> informing the shareholders that the total cost to the Company of repairing flood <br /> damage and re onstructing the headgate in the South Platte River was <br /> PP <br /> a roximately $6,000.00; that the Company had obtained a constructio loan with <br /> the Farmers State Bans of Fort Morgan for $40,000.00, for a term of six months, at <br /> APPENDIX A <br />