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C153606 Feasibility Study
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C153606 Feasibility Study
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Last modified
11/19/2009 11:20:26 AM
Creation date
10/5/2006 11:46:47 PM
Metadata
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Template:
Loan Projects
Contract/PO #
C153606
Contractor Name
Terrace Irrigation Company, The
Contract Type
Loan
Water District
21
County
Conejos
Bill Number
HB 91-1006
Loan Projects - Doc Type
Feasibility Study
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<br />'., ~..: <br /> <br />----- <br />. '--'-"-"-i-. <br /> <br />. ~ <br /> <br />. <br /> <br />,. <br /> <br />. <br /> <br />. <br /> <br />v~ <br /> <br />-" <br /> <br />-- <br /> <br />Section 3. No assessment shall be made UQless the question <br />of making ouch assessment shall be voted upon by the stockholders <br />of said company at an annual meeting or at a special meeting called <br />for that purpose, and a majority of the stockholders, either in <br />person or by proxy, voting thereon, chall vote in favor of makinf5 <br />such assessment. Provided, however, that if for any reason the <br />stockholders shall fail or neglect to make a levy for the maintenance <br />and operation of the canal system, or the payment of its maturing <br />obligations, for any year, prior to the first day of April of that <br />year, the board shall make such levy as may be necessary for such <br />purposes, and this action in that year shall be final and binding <br />on all stoclmolders and shall have the same force and effect as <br />though made by the stockholders. <br /> <br />---.....-------- <br /> <br />ARTICLE X. <br /> <br />DELIVERY OF WATER <br /> <br />The Company will deliver water to any stockholders at the <br />nearest feasible and satisfactory diversion point on any main canal <br />or' lateral maintained by the compnny, nIl hendgates and mcnsurinE~ <br />devices at which deliveries are made, to be installed by the company <br />and under the supervision of the Superintendent of the Company, and <br />according to such plans and specifications as may be adopted by the <br />board of directors. <br /> <br />Provided alway~, however, that the stockholder demanding water <br />shall construct and maintain in a condition satisfactory to the <br />board, or its Duperintendent, a head ditch or lateral leading from <br />such heodgate to and upon the lands of the stockholder. The company <br />will maintain all main co.nnls and laterals which may be acquired by <br />the company from The Terrace Irrigation Districtj all head and lead <br />ditches will be maintained by the stockholders using the same. <br /> <br />No 8tockholder shall be entitled to demand or receive wnter <br />from the irrigatibn system of the company until he shall have paid <br />all assessments due on the stock of the company upon which the <br />demand is made and all charges on the books of the company for main- <br />tenance, and shall have placed his head ditch in condition to <br />receive the same and in condition satisfactory to the superintendent <br />of the company. <br /> <br />All headgates and measuring devices shall be of as nearly <br />uniform specifications as possible, and no headgate shall be <br />installed in the canal of this company, or its laterals except <br />under the direct supervision of the water superintendent or <br />engineer of the company, or such person as the board may designate <br />to represent the board, and no water shall be diverted from the <br />irrigation system of the company except through headgates approved <br />by the superintendent or the board of directors. <br /> <br />ARTICLE XI. <br /> <br />DEBTS <br /> <br />No debts shall be contracted against this company except on <br />order of the board of directors. Provided, however, the board is <br />authorized to incur such indebtedness as it may deem necessary for <br />carrying out the objects and purpose of this company, and may <br />authorize the president and secretary to make the notes of the <br />c:ompany with which to pay the indebtedness so incurred. Provided, <br />nlw,"lYs, that no morte;ar.;e or trust deed shall be placed upon the <br />property of this compnny, or any part thereof, until authorized b.Y <br />the majority vote of n meeting of tho stockholdors of tile compnrlY <br />at which n quorum is present. ' <br /> <br />-5- <br />
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