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<br />t <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />Chapter 11- Description of Sponsoring Entity <br /> <br />officers of the Company, consisting ofa President, Vice-President, Secretary-Treasurer are members of <br />the Board of Directors and are chosen annually by the Board. The duties of Board of Directors are listed <br />in the By-Laws/Articles ofIncorporation. The current Directors of the Company and their offices are as <br /> <br />follows: <br />President David L. Bernhardt <br />Vice-President Gary W. Wiedeman <br />Secretary-Treasurer Ronald F. Brinkman <br />Director Larry L. Croissant <br />Director David J. Stephens <br />Director Lawrenece H. Hertzke <br />Director Leonard A. Wiest <br />Director John G. Gauthiere <br /> <br />Revenues are derived principally from assessments charged on shares of stock owned by the <br />stockholders. A small amount of revenue comes from leasing rights for recreational use of several <br />reservOirs. <br /> <br />Horseshoe Dam No.2 Outlet Works Study <br /> <br />11 <br /> <br />BOYLE <br />