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<br />~~ <br /> <br />,-) <br /> <br />RESOLUTION <br /> <br />RESOLVED: That the Board of Directors recommend to the <br />Association that a sufficient sum be borrowed by the corporation <br />to permit the payment to the United States of the lump sum discount <br />offer made by the United States to settle the indebtedness of <br />the Association in full; and <br /> <br />BE IT FURTHER RESOLVED: That a special election be held <br />pursuant to 57 of Article VI of the Articles of Incorporation to <br />authorize as such borrowing and that at such special election <br />the resolution attached hereto be submitted for adoption by the <br />shareholders. <br /> <br />BE IT FURTHER RESOLVED: That the special election be held <br />on June 14, 1988, at the time and place in or near Grand Junction, <br />Colorado as may be arranged by the staff. <br /> <br />CERTIFICATE <br /> <br />I, Victor J. Thompson, Secretary of the Grand Valley Water <br /> <br />Users Association ("Association") do hereby certify that the foregoing <br /> <br />is a full, true and complete copy of a Resolution adopted by the <br /> <br />Board of Directors of the Association at a Special meeting validly <br /> <br />convened and held on May 24, 1988, the original of which remains <br /> <br />in the records of the Association. <br /> <br /> <br />EXHIBIT A <br />Page 1 of 4 pages <br />