CT2018-1017 AOL

• Contract/PO #: CT2018-1017
• Contractor Name: Consolidated Ditch and Headgate Company
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

CARLSON,HAMMOND 8C PADDOCK,L.L.G.
ATTORNEYS AT LAW
1900 GRANT STREET, SUITE 1200
WILLIAM A. PADDOCK DENVER, COLORADO 80203 JOHN UNDEM CARLSON
LEE H. JOHNSON (1940-1992)
KARL D. OHLSEN TELEPHONE[phone]
MASON H. BROWN TELECOPIER(303)861-9026 RETIRED
JOHANNA HAMBURGER WWW.CHP-LAW.COM MARY MEAD HAMMOND
Sender's Email:
[e-mail]
October 11, 2017
Via U.S. Mail
Colorado Water Conservation Board
Department of Natural Resources
1580 Logan St. Suite 600
Denver, CO 80203
Re: The Consolidated Ditch and Headgate Company Loan Contract Nos. CT:2018-
1017 and CMS:102871
To whom it may concern:
This firm is counsel to the Consolidated Ditch and Headgate Company (the "Company"),
a mutual ditch company organized pursuant to the Ditch and Reservoir Company Act. The
Company has entered into and executed Contract Nos. CT2018-1017 and CMS:102871 with
the Colorado Water Conservation Board (the "Loan Contract"). This firm has served as
counsel to the Company in connection with the authorization, execution, and delivery of the
Loan Contract. Terms used herein that are defined in the Loan Contract will have the
meanings assigned to them therein.
We have examined, among other things, the Articles of Incorporation of the Company as
amended on June 23, 1930, and the certificate of renewal dated March 28, 1950("Articles");
the current bylaws of the Company; the Loan Contract; the Company records of the meetings
of the Board of Directors and the annual meetings of the shareholders for the past 20 years;
and of the special meetings of the Company's shareholders with respect to the authorization,
execution, and delivery of the Loan Contract, and have made such examination of applicable
Colorado and Federal Law, as we deemed necessary in giving this opinion.
Based upon the information reviewed and the actions taken by the shareholders' of the
Company at the July 21, 2017, and September 21, 2017, special meetings of the
shareholders, we are of the opinion that: