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<br />. <br />'_,.t,. <br /> <br />. <br /> <br />. <br /> <br />:....; '. <br />. '..~ i, . .:'. .... <br />. ". '~., '. ~, 'I,,: '. <br />:' ....:. : ' ~~:, ,\ :.'",",".. <br />" " ,.' ~". . <br /> <br />" <br /> <br />"', <br /> <br />. ,', <br /> <br />" ,; Section 11. <br /> <br />Auditing committee. <br /> <br />.. . <br />. ,",,:;'c.,' , An eud1tiIl,~ comm1tteeto consht of three Directors. who <br />;',' ), ':.-' ,,' ere not ofticers. shell be Ilpp('inted by the P.rea1dent at the <br />:.......,,,-' , ';':'. - tirst tneet1~ 01' Directors atter the annual stockholders meet-' , <br />' ' "': "", ".. in.'J' SucheuJUdling oommi ttoe Bonlle.t such t1tno as they deem <br />.. :,>,:F ",' ':' "'; ,advisable exernine the books ot the o1'ticers ot the .A1.ll!lociatlon, <br />'. ',";,"<,:.f< Ilnd IIhnllreport th,oir tind1ngs,to theJ30llrd Of' Directors. ',At <br />" ,,',';~,"''<'" least onEl'exandna1;1ol1'ehall'bolDede each yeur, just ,prior to ' <br />',;iY',' ',;',"'the lirinual'11leeting otth$ stockholders.,.' " , <br />".:~. ':',~-,~.","~~/:.' ',:',,' ,.,~ ~ ,...., <, ,',I _/:' :"" ~",;<''':'''''-: <br />, :, V!';,;" Seot1on12. :' J30nds of' of'ticers end employee.s. >,,/:: ',' ,,:,' <br />',x' ,:....>'; ....'=!\. ,......, ,. .~.: . , '..... . ". <br />, . ..,' "',, '-"', - ",,', The l30crd ehellhavethe power torequi:reaIW 'oN1cer, ' <br />;:'~rr ~~/(lr'einploYCJe,to giVea~'llnd' aU bonds1'orthe proteot1on 01' 'the <br />, ,,:.;::j {:;'h:;,Ass~01a'!i1on,'as; 1. t1nai dol_nooessary 'or/ desirab~e. e" ';',' "", <br /> <br /><:';:':;;/';"'it:):;:'~'< ' ',/"'" )JJlTICLE V' " ';;, <br />n. .: ,:-'-:1 <br />',,' '~ ..,,,, , ......:'~~ <br /> <br />. <br /> <br /> <br />,--. '; <br /> <br />. . .~ <br /> <br />Revenues. .",.' <br /> <br />"., <br /> <br />" ;~ Seotion 1. ,Rabin!; ot, revenues. <br /> <br />, . <br /> <br />The stockholders tor the purpose ot rnisi~~ revGnues to <br />:" ,"., '.mElat C.IW and 0.11 obliglltions of the Jl-sBocintion are empowG1'ed : ", <br />,..,' to and shall make all naC811asry levies or eeeessments " " <br />",', ' ,: ,agn1nat sheres ot stock of. the Association c.nd/or establish <br />' .. Chargee tor vltlter and other sorvices all to the end " <br />"; ,- , ,/', that tharo Il1IlY be suf1'1cient tunds a.vailsbihe to llrOlltptly <br />':meet when due nny and all Obligations of the .Association as" <br />, af'oresaid. to be done as provided by'the ~aws ot Colorado <br />partioularly Chapter SO ot the 1927 Sass10nLaws,and ' <br />Chapter 76 of the 1929 Session taws of' Colorado. ' Provided <br />,,'.:' :';''':~~;' 'that incase sdd stockholders f'ail to make sueh assessment <br />. :"." <br />, ';'.';":."';,',;.';;,the SlllUG maybe made by the llOard of' Directorsl'lsprov1ded ',' '.,' , " <br />'::.;:,'::::'~;>M!~\~bY lIa1d~~~s. " , , , .. ., ' ' , <br /> <br />, /';'"-":';"~::"",';;,:::.,, Seot10n 2.,~ent of' asssoSments and: Berv1cecharges~", <br />'-}~,;~\{,::~::'.~iL':;?:~\V;:: '. . ......' '., ,,:''-' ":',' - .- '> ':." ". " " ..': ". ' _". ......., _. _ : . . . <br />': '\,,:,';' .:',,';'" ,',,' An::! order or resolution lSVyin,1 any- such c.sseOSlllsnts or <br />,:,<.., ,.., .' establishing chcrges tor ,water or other sarvtclla shall speoifY" <br />'the time or, times when thesnme shall be p!lynble ,end shall be" <br />, levUd or establhhed SUfficiently in advanceo!' the date of'", <br />". paYlllent so ,es to permit 01' oolleot10n thereo1' in an Orderly, '. " '" <br />" 'an\! businaas-like manner on, or botoro "the time when due. ' " <br /> <br />".' " <br /> <br />;" <br /> <br />.' <br /> <br />,':. <br /> <br /> <br />. ,'" <br /> <br /> <br />"'. <br /> <br />; .' <br />i"",,,.. :,' In determln1ngthe fllllOunt'Ot any such allsesSllJonts"a::fa/or' <br />,: ,", ..:',\~:\:- ;;',: ,'wate::, or otherserv1ce charges roosOnable allOwance f'orost!_ <br />'-:" :,,'::.;; ',.'::lI1ated de1'1e1t~ ,oaused b7 the failure 01' soma stockholdere to ,':;: <br /> <br /> <br />'!~,::~?f;",('1:},~~l~"~~~J;~~it~jHf';~?',;:,\,::;.;~;::,,;':,;5:c~'\'" <br /> <br /> <br />'." ..' <br />~: ','~':,>..t-.:'.; ., ~'.. . <br />. .". <br /> <br />" ' Seotion - 3. :Amountot Asses8mont~and serv1ce charges.' <br />: :.~ <br /> <br />'. ...-. <br /> <br />.. 'J'. <br /> <br />. r :'.\ <br /> <br />.,,-' <br /> <br /> <br />'-,,' <br /> <br />'", <br />,~ ' <br /> <br />, to ,. <br /> <br />--"'".,,'. <br /> <br />. ~. . <br />" .> <br /> <br />. ,~..,. . '. ~ '.. , . . <br /> <br />". -." ,,'..' <br /> <br />"-- ~"- ~" <br /> <br />. ~"~.,,,_,'., ",..-~~.. ~~",'-" .~...,.. ~"' .~.,~.". :'- '. ,",' <br />