C150040 Feasibility Study

• Contract/PO #: C150040
• Contractor Name: Otero Ditch Company
• Contract Type: Loan
• Water District: 17
• County: Otero
• Bill Number: EIA
• Loan Projects - Doc Type: Feasibility Study

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BY_LAWS

of

OTERO DITCH CO.

ARTICLE I

Stockholders' Meetings

SECTION 1 __ Annual Meetings: The annual meeting of the stockholders of
Otero Ditch Co. shall be held on the second Monday in February of each year
at the office of th.e Company in La Junta, Otero County. ColoracJo, or at such
other place in said City as the board of directors shall select, which place of
meeting shalt be clearly designated in the published and mailed notices of all
meetings.

SECTION 2: At the regular annual meeting of the stockholders, or in case of
failure for any reason to hold an annual meeting, then at a special meeting of
the stockholders, a board of tlircctors shall be elected from among the stock-
holders to serve for the ensuing year and until their successors shall have been
elected.

SECTION J __ Special Meetings: Special meetings of the stockholders shall
be called at any time when those holding at least one-tenth of the Capital Stock
shall make a written request therefor to the president stating the object of the
proposed meeting; and the board of directors may also, at any time, when in
its judgment the same becOlnes necessary. call a special meeting. Notice oC
such special meetings shall be given by the secretary in the manner prescribed
by law and the notices of special meetinBs shall state the object and purpose of
such meeting and the business to be transacted thereat, and no business shall
be transacted at a special meeting except the notice thereof set 'for1-h and state
what business will be there transacted.

SECTION 4 ._ Credentials Commiltee: Prior to the election of directors the
stockholders shall, in such manner as they shall see fit, appoint a committee
of three of their own number to be known as a committee on credentialsl the
members of which committee shall be the inspectors of said election and the
judges of the qualifications of the voters. and which committee shall prescribe
rules and regulations [or voting not inconsistcnt with the law, or with the articlcs
of incorporation and by-law::> of the Company, and shall make a certificate of the
result of the election, which certificate shall be entered in full by the' secretary
upon the minutes of the proc~edings of the stockholders I meetings.

SECTION 5 __ Voling: The stockholders may vole either in person or by proxy
and shall be entitled to one vote [or each share of stock standing in their res-
pective names; a fraction of a ~hal'e shall entitle the holder thereof to the same
fraction of one vote, and cumu1ative/~h~nlfllOt be allowed. Stockholders I mcct-

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