C153739 Feasibility Study

• Contract/PO #: C153739
• Contractor Name: Aristocrat Ranchettes Water Project, Inc.
• Contract Type: Loan
• Water District: 2
• County: Weld
• Bill Number: SB 96-153
• Loan Projects - Doc Type: Feasibility Study

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. shall be~~~~t~d inthemiritrtes of ,the meeting or unleSs he shall file his written dissent
',to'suchaCtioJ:'I'\vitli.theperson acting as. the secretary.'of the meeting before the
": .. adjciumniiilt thei'eofcr shalf forWard s~ch dissent by registered.mai/to the secretary .
. ofthe:dii;Pqration immediately atter the adjoummimt of the' meeting. Such right to .
. disserit.sh~lInot appiy to a director who voted in favor of such action. .' '. '.

. S~'c~on1 1; informal Action bv Directors. Any action required or permitted to
. be taklm',ata:meeting of the directors may be ukenwithoUt a meeting if a consent
.in wining; settlngforth tl1eaction.so taken, shall be signed by all.of the:directors
. . entitled Tovote with respect to the subject matter thereof: Such consent shall have
., '.the same force and effect as a unanimous vote of t1w directors.' , .

. ,", ..'. ,," '. .. ... . .
. Section 12. Soedar" Shareholders Meetin!;! to Break DireCTOrS Deadlock. In the
evelit a'ny proposition put to the Board of Directors for decision results in a deadlock
among Directors, the Secretary shall forthwith establish a date for, and give notice of,
aspe-clalshcireholders' meeting to resolve said c;leadlock. and: at .such meeitingt/)e
'proposltio!1.deadlocked by the Directors shall be determined by a majority vote of the
. ~hareholders.:voting in said special meeting, including proxies> .

ARTICLE VI .

Officers

.' . Section 1. Election of Officers: The Board of Directors shall elect by ballot one
: 'of its members as President and one Vic~President and shall aiso elect a Secretary
a'ndaT'reasurer, who need not be members of the Board of Directors or members of
tl)e Corporation.

..'Section 2. Termof Officers: The said officers shall be elected Jar a period of
one year;' or until their successors are elected and qualified.

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a.. Neither the President nor Vic~President shall hold their office for more
than two (2} consecutive years.

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. b.: . .'.The Secretary arid Treasur"er may serve at the pleasure of the Board
. withoUt any term limitation. :

Section 3.' puties of the President: The President shall preside at all meetings
of the' Board of Directors, He shall.execute Membership Certificates, notes, bonds,
mortgages' contracts; arid all other inStruments on behalf of the Corporation. He shall
beex~ffidoa member of all standing committees and he shall have such powers and
, p'erform'such other 9uties as maybe properly required of him by. the .Board of
'. DirectorS.

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