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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />to make contracts and incur liabilities and (q) to have and <br />exercise all powers necessary or convenient to effect any and <br />all of the purposes for which the corporation is organized. <br />4. Authority to vest title to the project or a portion thereof <br />ln the Colorado Water Conservation Board: This authority would <br />be under the general powers previously referred to in paragraph 3. <br /> <br />FINANCIAL STATUS <br /> <br />In the appendix are balance sheets showing income and expenditures <br />for the two most recent years of operation of 1982 and 1983. These <br />reports are copies of audit reports furnished to the board. <br /> <br />PHYSICAL ASSETS <br /> <br />The North Poudre Irrigation Company opeRates 22 reservoir storage <br />facilities and approximately 200 miles of ditches. The reservoirs <br />store approximately 64,413 acre feet of water. North Poudre also <br />owns 40,000 units in the Northern Colorado Water Conservance Dis- <br />trict; 151 preferred rights in Fossil Creek Reservoir, 445 shares <br />in The Arthur Ditch; 9 shares in Larimer County No.2; 13 shares ln <br />The New Mercer Ditch Co.; and 21 7/8 shares in Taylor and Gill <br />Ditch Co. <br /> <br />The North Poudre Irrigation Company owns the following major main- <br />tenance equipment and its age and condition is shown next to the <br />description: <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />Eq~ipmen..!_ <br />1970 Caterpillar Grader, model 120 <br />1976 Caterpillar 920 loader <br />1977 Case Excavator <br /> <br />1976 <br />1967 <br />1979 <br />1979 <br /> <br />International Harvester Truck <br />Kaiser Jeep <br />International Harvester Truck <br />International Harvester Truck <br /> <br />Condition <br />good <br />good <br />good <br />good <br />good <br />good <br />good <br />good <br />good <br /> <br />Two way radio system <br />1978 John Deere 4S0C Crawler Loader <br /> <br />5 <br />