Laserfiche WebLink
LYONS GADDIS <br /> Wallace H. Grant <br /> wqrantlyonsqaddis.com <br /> 303-716-9900 <br /> March 21, 2018 <br /> Colorado Water ConsArvation Board <br /> 1313 Sherman Street, Room 718 <br /> Denver, Colorado 80203 <br /> Re: The Bonus Ditch Company: Contract No. CT: 2018-2081; CMS: 105129 <br /> Dear Board Members: <br /> We represent The Bonus Ditch Company, a Colorado non-profit corporation, the Borrower <br /> referred to in the Colorado Loan Contract referred to above. The purpose of this letter is to provide <br /> my opinion as to the authority of the officers and directors of The Bonus Ditch Company to execute <br /> the Contract and whether or not the Contract will be valid and binding against the Borrower if fully <br /> executed. In reaching this opinion, I have reviewed the Contract, the Articles of Incorporation of <br /> The Bonus Ditch Company and the Company's Bylaws, as amended. Based upon my review, it <br /> is my opinion that: <br /> (a) the Contract has been duly executed by officers of The Bonus Ditch Company who are duly <br /> elected or appointed and are authorized to execute the Contract and to bind the Borrower; <br /> (b) the resolutions of the Borrower authorizing the execution and delivery of the Contract were <br /> duly adopted by the Board of Directors and shareholders of The Bonus Ditch Company; <br /> (c)there are no provisions in the Articles of Incorporation or Bylaws of The Bonus Ditch Company <br /> or any state or local law that prevent this Contract from binding the Borrower; and <br /> (d)the Contract will be valid and binding against the Borrower if fully executed. <br /> Please contact me if you have any questions. <br /> Very truly yours, <br /> Lyons Gaddis Kahn Hall Jeffers Dworak & <br /> Grant, PC <br /> By l/A • Ctf et-.-i <br /> )Nallace H, Grant <br /> WHG:mcs <br /> LYONS GADDIS KAHN HALL JEFFERS DWORAK&GRANT,PC <br /> 515 Kimbark Street 2nd Floor PO Box 978 Longmont,CO 80502-0978 <br /> 363 Centennial Parkway Suite 110 Lousiville CO 80027 <br /> 303 776 9900 I 720 726 3670 I www.lyonsgaddis.com <br />