Laserfiche WebLink
<br />.~~J,," <br /> <br />Articles of Incorporation and Bylaws <br />The Articles of Incorporation are enclosed in Appendix A. Section X of the Articles of <br />Incorporation give the board of directors the power to make bylaws for the company, <br />There are now no bylaws in existence and to our knowledge, none have ever existed. <br /> <br />. <br /> <br />The purpose of the RRlC as stated in the Articles of Incorporation Il(a) read in part as <br />follows: <br /> <br />To take, divert, carry, store, distribute and make legal appropriations of <br />water under the laws of the United States and the laws of the State of <br />Colorado, both for the storage of water for subsequent use in irrigation and <br />for direct use without storage. <br /> <br />The powers of the company are also defined in Il(e) of the Articles of Incorporation: <br /> <br />To exercise all the powers necessary for the development and successful <br />operation of our said enterprise, to borrow money, sell mortgage and pledge <br />the property and franchises of our said company and any and every part <br />thereof, and generally to do and perform all things necessary and proper to <br />be done under and by virtue of the corporate Powers of or said company <br />and to carry on the business for which it has been organized as aforesaid. <br /> <br />. <br /> <br />Physical Assets <br />The company owns and operates a 64,000 acre-foot reservoir, an inlet canal known as <br />Riverside Ditch with a decreed carrying capacity of 1,000 cfs, and a riyer diversion <br />structure located near the town of Kersey, Colorado. The company also has contractual <br />interest in four recharge plans, two of which divert from the inlet canal and two of which <br />divert from the main outlet canal of the reservoir. <br /> <br />Historv <br />Like many of the plains reservoirs, Riverside was constructed in stages. The original <br />reservoir was constructed by the "South Platte land, Reservoir and Irrigation Company" <br />about 1900 and was known as "Sanborn Draw Reservoir." <br /> <br />Sanborn Draw Reservoir was originally a large, natural, nontributary depression storage site <br />situated at the bottom of Sanborn Draw. The soil in the area of the reservoir is blow sand. . <br />According to his'nrians, the depression was formed by windblown sand from 7,000 to <br /> <br />. <br /> <br />4 <br />