PROJ00305

• Contract/PO #: C153524
• Contractor Name: Redlands Water and Power Company
• Water District: 0
• County: Mesa
• Bill Number: XB 99-999
• Loan Projects - Doc Type: Feasibility Study

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BYLAWS

REDLANDS WATER & POWER COMPANY

ARTICLE VI

Class EStock

Section 1. Pursuant to the Articles of Incorporaxion, as
amended June 13, 1974, the Board of Directors has the authority to
establish the nature and character of Class E and Class F Lift
Canal Stock. The Articles, as amended, authorize the issuance of
1,000 such shares. It is the Board's decision to issue Class E
and Class F stock which shall be designated as Class E, Junior
Lift Canal Stock, and Class F, Junior Lift Canal Stock.

Section 2, The officers of the company as described in
Article III hereof, are authorized to issue up to and including
1,000 shares of Class E, and Class F, Junior Lift Canal Stock with
the designations, preferences, limitations and relative rights
hereafter set forth:

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(a) Name. Such shares shall be identified as "Class E,
Junior Liftcanal Stock", and "Class F, Junior Lift Canal Stock".

(b) Type. Such shares shall be Lift Canal Stock as
described rn-the Articles of Incorporation.

(c) Priority. As herein described, the rights of the owner
of Class E and Class F shares shall be junior in priority for the
delivery of water to the rights of owners of Class A and Class B
shares. In the event the company should not receive, by virtue of
an upstream call for water by one with a Gunnison River Priority
earlier than Number 739, sufficient water to deliver to the owners
of all classes of stock, delivery shall be made first to owners of
Class A and Class B stock and then to owners of Class E and Class
F stock. Such allocation shall be made pursuant to rules and
regulations which the Board of Directors might then impose. A
warning shall be printed in bold black type on each certificnte
for Class E and Class F stock with the words "ATTENTION:
LIMITATION OF WATER RIGHTS" and the statement that the rights of
owners of Class E and Class F Junior Lift Canal Stock shares are
junior in certain circumstances in priority to the rights of
owners of Class A and Class B shares for the delivery of water as
more fully described in the bylaws of the Company.

(d) Water. Each share of Class E and Class F stock shall
entitle the owner thereof to receive 1/3 statute inch of water, or
a prorata share of the water flowing in the Lift Canal System
subject to the priority set forth in paragraph (c) above.