CT2018-1999 AOL

• Contractor Name: Centenial Irrigating Ditch Company
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

CARLSON,HAMMOND&PADDOCK,L.L.C.
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
[e-mail]
December 14, 2017
Via U.S.Mail
Colorado Water Conservation Board
Finance Section, Attn: Contracts Manager, Peg Mason
1313 Sherman Street, Room 718
Denver, CO 80203
Re: The Centenial Irrigating Ditch Company Loan Contract No. CT:2018-1999;
CMS:104959
To whom it may concern:
This firm is counsel to the Centenial Irrigating Ditch Company (the "Company"), a
mutual ditch company organized pursuant to the Ditch Company Act, §§274-277, Genearl
Laws of Colorado (1877), and now codified in C.R.S. §7-42-101, et. seq. The Company has
entered into and executed Contract No. CT2018-1999 and CMS:104959 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 in the Loan Contract.
We have examined, among other things, the Articles of Incorporation of the Company
as adopted on March 10, 1883, and the certificate of renewal issued by the Secretary dated
December 21, 1943, making the corporate existence perpetual ("Articles"); the current
bylaws of the Company; the Loan Contract; the Company records of the annual meetings of
the shareholders held November 16, 2017, and the Company records of the meeting of the
new elected Board of Directors, also held on November 16, 2017, 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 November 16, 2017, annual meeting of the shareholders, and the actions
taken by the Board of Directors at the meeting of the newly elected Board of Directors, held
on November 16, 2017, we are of the opinion that: