PROJ00284

• Contract/PO #: C153797
• Contractor Name: Excelsior Irrigating Company
• Contract Type: Loan
• Water District: 14
• County: Pueblo
• Bill Number: SB 97-008
• Loan Projects - Doc Type: Feasibility Study

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ARTICLE VI
MEETINGS OF THE BOARD OF DIRECTORS
Section 1: Meetings of the board of directors, regular or special, may be
held either within or without the S tate of Colorado.

Section 2: The first meeting of each newly elected board of directors shall

be held at such time and place as shall be fixed by the vote of the shareholders at the

annual meeting and no notice of such meeting shall be necessary to the newly created

directors in, order legally to constitute the meeting, provided a quorum shall be present,

or it may convene at such place and time as shall be fixed by the coz;sent in writing

of all the directors.

Section 3: Regular meetings of the board of directors may be held upon such

notice. or without notice. and at such tillle and at such place as shall from time to time

be determined by the board.

Section 4: Special meetings of the board of directors may be called by the

president on one days' notice to each director. either personally or by mail or by

telegram; special meetings shall be called by the president or secretary in like manner

and on like notice on the written request of two (2) directors.

Section 5: Attendance of a director at any meeting shall constitute a waiver

of notice of such meeting. except where ;l. director attends for the express purpose of

objecting to the transaction of any business because the meeting is not lawfully called

or convened. Neither the business to be transacted at, nor the purpose of, any

regular or special meeting of the board of directors need be specified in the notice

or waiver of notice of such meeting.

Section 6: Any two (2) of the directors shall constitute a quorum for the trans-

action of business unless a greater number is required by law or by the articles of

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